CABLE TELEGRAMS. j

Southland Times, Issue 1803, 7 October 1873, Page 3

CABLE TELEGRAMS.

FINANCIAL CRISIS IN AMERICA. . - New York, Sept, 19. ' Fisk, Hatch, & Co., and fourteen other firms in New York, have suspended payment, and there is a peneral run on the .'■' banks at "Washington and Philadelphia. Immense excitement prevails in Wall-stret-t. . The Secretary of the Treasury will pay all Government bills. London, Sept. 19. The suspension of the banking-house of Jay, Cooke, and Co., of New York, is believed to be only temporary but is . causing uneasy feelings regarding other houses connected with railroad enterprise. The London house is considered' ' • solvent. The suspension has had little ' : .effect on the London Stock Exchange beyond causing a fall in Erie stock. • Sept. 20. The steamer Arctic has arrived at Dun- : dee with the crew of the Polaris, belong 1 ing to Captain Basil Hall's exploring expedition, „ . _ ' ! Obituary :—T>r Donald Dalrymple, the Liberal member for Bath, and Admiral the Earl of Hardwicke. ; , . A. despatch* dated 27th A ugustj states that the whole coast westward of Elmina has revolted and tbe tribes have joined 1 . ;;th6.';;A/sh ! intees. i ' H^M.'a steam sloops ' ' Parr^couta and Argus bad bombarded tCacordyand other/villages on the coast •!■■■'■ A landing party had been; repulsed ''with s 'loss-. ' •■' ' 'Tbe American failure's have depressed atoefcs, and consols have receded, but ./.colonial debentures are firm. The wheat market is steady. Adelaide is quoted at 695, and Taamanian at 70s per quarter,.! . i -Copper, £93 to £94. Tin is quiet at " ,£126 to £127. 1 ' Madbid, Sept. 20. ■ -The bombardment of ■ Cartbageaa is contradicted. „ ..,..:.■ Paris, Sept 20. : ': »The Comte de Chambord is coining to reside in France. -" ' ■ St. Petersburg, Sept. 20. .< . ; j Jt, is reported from Khiva that the surrounding tribes are assuming a threaten~——ntg- attitude towards the Khan (Said Mehemmed), and it is expected that the Russian forces will return for the purpose i ief protecting him. New Yobk, Sept. 21. The excitement in New York had i; abated until this morning, when it was revived by tbe suspension of the Union Trust Company;, through the. defalcation „ of the secretary, and the refusal of the clearing-house to take measures for mutual assistance. • ..... i Tne ; banks and the Stock Exchanges v are, closed to facilitate a settlement. J ' ' ' . London, Sept. 21. From New York it is officially an '/.' >! ncunced that the Government has decided to buy to an unlimited amount bonds at >■' p'aryra gdld, in order to allay the pauic. ■ ;*-'" -. ' Sept. 22. Several commercial houses are affected " by the panic, and great alarm prevails on title German bourses. . ... The, trppps have commenced cutting a '•'' to Coomassie, at Cape Coast. Obituary. — Dr Auguste Nelaton, the eminent Frepch surgeon, at the ago of 66; and Professor Donati. Sept. 23. A Conservative has been elected for Ddver, in the room of Sir Gk Jessel, the t Solicitor-General, who has accepted the Mastership of the Rolls. ?.-. The second battalion of tbe 23rd Fusiliers,: the.; second battalion ;of the Eifle Brigade, and the 86tti Eegiment, have a-? been detailed for service ashore in the operations against the Ashantoes. Madrid, Sept. 23. The insurgents* .'frigates, threaten the i = 'bombardment of the town of Alicante. The British fleet has assembled before '*" ■ *tft© town', and 'tfce British Admiral insists upon a delay of four days. -„... ■. ,■ . '■■■'- London, Sept. 23. ' : Tne visit of King Victor Emanuel to .--.'. ■-': Vienna and Berlin has been characterised "by the greatest cordiality. New York, Sept. 23. J= , ... T.he. Gold Exchange, is closed, owing to the depression which prevails, and the — private .banks h.ave T curtailed their trans r .actions] '> : ■ '■*' ■ ' ■'- •''''' Tbe. measures of relief afforded by the * Government have stopped the panic. T/ ,• < < Sept. 23, evening. j. ,- Confidence is returning in New York, 7.i and the run on the banks has ceased. The Exchange will re-open on Wednesday. HM! ' ' London, Sept. 24. The Spanish steamer Murillo, which sank the emigrant ship Northfleet, off ; — Dungeness; has^ been seized at Dover, and proceeds to London in the custody of the — Admiralty; Marshal. r i I / • -The- British yacht 1 Deerhound, which | was seized for attempting to land arms for- the Carlists at Fontarabia, in the -i OortVof Spain, and. conveyed to San Sebastian, has been released by the autho- *« ritiea. ! ! ';!' ? - ! '''■'[./" ' ; ■ . »o-.-J TJJB'-'f^egraprhiable' '.between Lisbon j ... ,^n4 -Madeira- has^een completed, v ; .-, . The release of Mount and Morris, the i -CarL criminals; has produced great astonishment, and. called forth severe con- ~'"' i a[etfiratiiin; ; ' ! ' i .3^ Micnie, the Victorian 4 Agent-&eneral, has written an explanatory letterj<to ithei'Times on the subject, .v-t-llhe English cricketers leave Southanip- * — ton foirMelbourne by the mail steamer. ■ on 22nd October. > ■ Qbituarys~The death i« announced of «; iM&$9$P& . ; Sstf'lK ., Mackenzie, ; ex- "' PVeibier.oi Queensland. . ', I Sailed. — Northumberland, s.s,, . for. :;ic::i «.-i t -.:: u'tgr; PETERSBIJR&, ' Sepf ; : 24. Contrary to previous reports, it is .flow '■* ■■ officially -anflout 1 bed that the 1 will be allowed'to settle peaceably in tbe district? ;previaujly : occupied by- the Eqsr—4Bians-— General: Kauffmann— has-ordered the Mangyschlak and, Orenburg detach■^'v&etiWh^ineir'axd^: r ." J ' "'' ' ! . : ' : : , ' ■ ;A j i.. ' . b'.-. , ■ «,& •« = ;<Tjekeban, Thef^ha}; h^aibde^lared^at an audience held at Teheran, that his object in visit- j

ing tbe Parliaments and institutions of Europe was to introduce an improved system of government in Persia. New Yobk, Sept. 24. Although tbe excitement respecting tbe financial panic in New York has subset d, a despondent feeling prevails, and financial distress is exf ending through tbe country. Movement in produce checked. No mercantile failures, however, bave yet occurred. Exchange fell yesterday to 105. The Stock Exchange remains closed. London, Sept. 25. The Government are shipping rails to Ash an tee. There is an expected export of gold to America. The rate of discount is at 4 per cent: , : , ; ; ' i "' New Tobk, Sept. 25. Henry Clews and Co., bankers, of New York, and Clews, Habicbt, and Co., of London, have suspended payment. ! > The Associated Banks are issuing loan I certificates for clearing purposes, in order to obviate paying away currency. This j ia considered-'as only a means of tiding over the crisis, and over the present feeling. The Treasury has ceased buying bonds, and is awaiting the order of the President. It has bought altogether 12,000,000d01. worth.. ' / i \.. . A large bank in Baltimore has suspended payment. v — - -Pabis, Sept. 25, The Comte de Chambord has relegated to the Assembly the settlement of 1 the flag question., -, , ' ' Madbid, Sept. 25. Tbe insurgent frigates have quitted Alicante. . • , Teheran, Sept. 26. The first sod of the Persian Eailway has been turned. New .Yoek,' Sept. 26. President Grant approves of the cassation of the purchase of bonds by 1 the state, and the Treasury has refused to employ as a legal tender the reserve of notes, considering that it has extended to the banks the utmost help. The banks" in the. west and south of America are partially suppending currency payment, and the exportation of eraiu and cotton is everywhere arrested. & Sept. 27. Three banks in Chicago and several unimportant houses in New York have failed. Great uncertainty everywhere prevails, and stagnation of business continues^ Jay, Cooke, and Co.'s balance sheet show's liabilities and assets .16,600,00dd01. (i' }•- -^ Three Charlestown banks and two more Chicago banks have suspended payment. The; New York ■ banks have issued 18,000,000d'01. oil clearing-house loan certificates. Sept. 28. The American crisis is subsiding. London, Sept. 26. There is a semi panic on the Stock Exchange. An advance in the rate of discount is expected. liargQ withdrawals of gold have been made for America. Mr. Henry. James, Q Ci, member for Taunton, has accepted the office of Solicitor-General. Two hundred and eighty five thousand pounds in gold was shipped from Liverpool for America yesterday. :■ ' ■ ' Sep;t. 27. The death is announced of Mr James Clay, M.P. for Hull. . . The wheat, market is drooping. Adelaide wheat is quoted at 65s per quarter. The copper market is depressed, with few transactions. Prices, £92 to £93. Tin presents a quiet appearance at £124 to £126. Discount unchanged. Arrived. — Brqcklesby. Pabis, Sept. 27. The Comte de CJ!*atnbord, in receiving a deputation of Legitimists, protested against the plea "'put forward that his return to France would cause a religious war. He considered the Charter of 1814, when adapted to present circumstances, and approved by the National Assembly, wouid satisfy the country. The Monarchist b are acjiye^and hope, that the restoration .will .take. place in November. .:'■■' ■'•■■■ Madbid, Sept. 27. Admiral Sir Hastings Yelverton has surrendered the insurgent frigates Vittoria and Almanda to the Spanish Government. The insurgents' frigates bave returned to Alicante, and threatened a bombardment of the town. Further fighting has taken place in the north of Spain between the Carlists and tbe Government troops, in which the latter were outnumbered, and retreated. Sept. 28. The insurgents' frigates ruthlessly bombarded Alicante, and were then compelled to withdraw, because they were damaged^