The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-09-12

CO N N ERClAl AFFAIRS.
HONEY MARKET,

Tuesday, Sept. Ii-6 r. m.
The stock market opened heavy this morning, and
quotations fell OF a fraction. At the first board u s.
o's, declined per cent; Pennsylvania SIS, n; Harlem
~ Cantou Co., a; Erie Il. r., -; Reading r.. r., a.
There were more transactions than Usual in govern.
ment securities while the faucies not so active
The bulls have exhausted themselves In their despe-
rate Efforts Of the past few days initiate prices The
inmsn's quantity Of stock the slight advance in QUO
tatioDs brought out, than the bulls could
stand and they obliged to give way An advance
Of one or two per cent more would have completely
overwhelmed them with stock. Outside operators in-
stead Of watching opportunity to come in to pur-
chase Watching opportunity to get out safely:
TO get rid ofthe ancies they have on hand and the
bulls will soon be made acquainted with the fact
In a manner they will not much relish. All the
attempts made thus far to draw In outside spectators
have failed and the spirit Of speculation has become
nrarly extinct This forces the bulls TO carry the
bulk efhs faneies and every month weakens them BY
the sccun ulstion OF interest
At the second board there were only two or thrse
saes, and prices tended downward the market closing
weak
The receipts at the office of the Assistant Treasurer
Of this port toesy, amounted to s102I2o; payments
sl27eo2 10; balance, S3,50o534 So The aecunuIa
tion ofsuch large OF specie in the vaults q
tho sub treasury most Of which has been drawn rom
the vaults OF the banks has had VISIBLE effect u,o
the money market Business paper is pleaty and dis
counted In the street freely rates from Eve
TO eight per cent according to quality aud the banks
are keeping their line well up. Money IL full as album
dant AZ 1t has been ut any time this year po,vitb
standing which there OF tho slightest ndcatiep,
of q speculative movement In anything
The failure In Wall street. announced n fsv sa,.
since does not amount to much and ct the time hal
very little effect on the market The house IA, Aee,,
FOR some time past engaged In purchasing stocks pr
eipsny government securities, for rise and tina IA
cline which has been realized within the mast two
weeks swept away Whist little capita, the concern nos
scssed. and brought abou. a collapse This shouId he
warning to all bull freeulatcrs particularly thoss
dealing in fancy stocks.
The news from Europe, by the Europa Is one week
later than that received by the Niagara In political
view IL Is highly important AMI iutorcstinx The dis
astrous Intelligence from Hungary IL flliy CONFIRMED
and the lat gmm.r Of on the continent
d Europe, has been for tlue extiugulshed Com
mercially. the accounts favorable. Cotton ba5
fuciuaed Considerably but the elosins price, x,r.
friction In sdvnnee Of those reported by the preyious
steamer. The tarvssts were progressing rapidly and
the piodret would be beyond MA average The corn
markets. were ocnsrsueniy, depressed aud the trans
actions TO admitted extent
Tho annexed statement exhibits the resoipt. of the
New York and Eric Railroad Company In each of the
Lrst eight months In each of the past too years
A0a ~