The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-10-05
COMMERCIAL AFFAIRS.
MnnEY EFT.

NoEDAr. Oct, 4-6P. NJ.
This has becp a 5u, !sy in Wall street. There was
quite a panic aporg lo.des Of fancy stocks. Nearly
every s,ock on Inc Inst M N less and large lots
were pressing fey sae Al the first board Nicaragua
Transit declrod ~ cpt, Erie Railroad II; Harlem
*; Florence and hsyFci ~, stonlngton, * Hud-
River Railroad - New Jersey Zine u. Penusyl-
vauia Coal y North American Trust II Canton Com.
pspy, q Cumberland Cod - Az the second board
the panic -t'li continued and became extended
North American Trust ftn OF = per cent; Erie
Railroad Il sten,Heton 4 Norwich aud Worcester
since lat sales: Hudson River Railroad, 4; Cum
berland Coal At he close there was no demsnd for
stocks, and very gloomy feeling prevailed Several
causes contributed no the panic to-day FIRST the an
Of extensive deislceton IN large bank
ing hous, second tno loss Of the steamship Pioneer,
which WI. injured Is wan street for upwards of
quarter OF million 81 d1isrs and in the third place,
the wea;hfr-aI bad tendency 10 depress the
Spirits OF operators AMI create anxiety to put stocks
ia the marset Il rpi rehsndcd that the defalcaton
was connected aE with stock transactions aud
holders an.cpstod olepse the part Of large
purchasers Ne believe he individual concerned in the
operation alluded TO sot Spectator in stocks
lie had oondencs real estate, and invested the
puroincd funds in substantial property. The Wall
street bcksr Whose has been connected with the
defaul.sr, merely partner in the real estate
operations lie mag be large loser by the association
The loas OF the steamship Pioneer falls heavily upon
some OF the Vail street u1c without injuring the
line much TO which she belongs on the Pacific. She
was propeller ad not calculated TO make very quick
passage, The Nicaragua line wilt do well enough with.
out her The position Ct ts market this afternoon vas
favorable for buyers and notwiths landing the gloomy
appearance OF things tile street. it is impression
that purchaser az present prices, will make money
There is certainly wder margin for rise than there
was last week 81 this TIME.
The receipts the office Of the Assistant Treasurer of
this port today. elnouniej to s1o059 so; payments
Sl65 as I9-~baiarce. ~ 35G $40 .s
The earnings Of The Hudson River Railroad Company
for the month OF September upwards Of one hun
dred and thousand dollars.
The North River Insurance Company has declared A
semi-annuBl dividend u ten per cent
II appears BY graz despatch from Norfolk that
the steamship OHIO with the California mails and two
millions of gold dust board put into Norfolk tbis
morning short OF coal Ii expected she will arrive
here tomorrow thu, day. night
company bar been ofgsnized. and books have been
opened for subscription capital of four hundred
thousand dollars for the purpose Of manufacturing upon
an extensive scae. parknursts Cotton Gin This is
new invention which il ,ad to be great Improvement
on that nov IN use Is proposed to raise capital of
$500 COO, in sbsies of sleC
All ht banks ~hch have thus far been Organized un.
der the neral banking law OF Illinois, and obtained cir
culatipg notes OF the Auditor folio MARINE
Bank Of Chicago; Clerks Exchange Bank, Springfield;
Merchants and Mechanics Bank, Chicago; City Bank
Chicago Stock Security Bank Danyille Rock Island
Bank, Rock Island
The grading Of the Pacific Railroad is finished for ff.
teen miles wet of ST. Louis several bridges framed
and others IN Of construction. The work Of
the track last week and it OK
pected that the road will be completed to Kirkland thi
teen miles from st Louis by January next.
The receipts of the Philadelphia, Wilmington, and
Baltimore Railroad Company in the months of June Ju
ly, and August this year and last, annexed -
PHILADELPHIA BALTIMORE RAILROAD.