The miners' express. (Dubuque, Iowa) 1849-1854, 1853-08-24
From the New York uerald, 18th

From the New York Herald, 18th.
The money market may now be considered
empha,icaly tight. The banks, in their week.
ly reports, must show clean face: leaders
have clapped on the screws, and the unfortun-
ate jobbers, in their imagination, can see
the iron shroundfast closing in around them.
They begin to look upon their chances as
withercd; they can depict panic in the horizon,
and ruin in coming events But all this will be
only applicable to few. The fortune of
great city like New York does not hang upon
the movements of stock spectators, neither
does 1.-The body corporate care whit whether
stocks are up to-day and down tomorrow, or
whether spectators get far on rising market
and bright prospects, or whether they wrishe
beneath on avalanche of the fances. Stocks
will only reach their level, panic will be
averted, and ruin is word only to be laughed
at.
The negotiation which has been for some
time pending betw en- the Baltimore and Ohio
Railroad Company and the Cumberland Coal
Company, FOR the purpose of raising 50 100000
to bui d the second track between Cumberland
and Baltimore, has been abruptly terminated,
by intelligence brought by the Africa that the
loan ccudno be made in London on any terms;
aud through the same channel of information,
the Erie Railroad Company learn that they
must raise their temporary loan of $2,000,O00
without delay
1t was on the receipt of this intelligence that
the stock of both these companies declined
In the course Of the week large kteng drafts
have been drawn, without authority, on bank
ing houses in this city, for sums of $4,000
each, and not under protest; but as these
| drafts may be paid at maturity, We torbear to
| give the name of the drawer.
Letters from Philadel phia represent their
banks as badly off, for specie, causing much
excitement.
| From the New York Times, 18th.
The transactions in Railroad Bonds were linn
| tied There are buyers for some of the esab.
Iished Western issues, at reduced rates; but as
far. as we advised, the principal Railroad
bankers have shown considerable strength
through the change against the money borrow
ers, and have refused the sacrifice. These
houses take the general view, thatin the present
state of outside confidence, as soon as the
Banks are tired of worrying each other there
will be return to better prices. At the same
it is well to remark that railway building is be-
ing pushed to the utmost if not beyond the
capacity of capital and credit, to supply the
snews of the operation. Their managers of new
enterprises will learn, from the sudden changes
TO which their principal markets for money are
subject that their paths are not all pleasantness
nor their successes, in all cases, sure.
| The most that can be sa4d Tor Money affairs
to-day is that they were not worse than yester
day, unless the increased heat of the weather
j which outside borrowers had to encounter, bt
so considered
The leading stock houses are needing less &C
commodation upon what are known as call
loans, and the high rates of interest upon frs
class paper are at a stand. Lenders show n,
particular want Of confidence, bat aim to max,
the most of their ready cash, while so many ar,
eagerly seeking it, They get the top rates ant
the best selection of paper, Foreign bills, ant
Stock collatorals. The offerings at Bank arr
heavy Of course, but many of them understood,
to be in advance of the pressing wants of Gus
toners We hear that the Dry Goods jobber
and Grocery men are making excellent collec
tons from the country.