The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-09-20
FINANCIAL AND COMMERCIAL.
MON EY MARK 1T.


The most active fancy on the list to day Eds and
that closed firm at advance Other leading fsnoiss
were comparatively neglected. but the market the
whole far prices we're concerned, little more
buoyant than at the close Saturday. The Arous'a
news has not had any material effect financial al Ars
either one way the other Our European advoes
about the same complexion presented BY previous
steamers. and do not contemplate any immediate
change of consequence The hsrvests OF
the al absorbing topic in financial circles and uad
that vital question is settled must look for slight aao
tuatons in secu tiles and unusual caution the part
specuators Until that important matter Ia disposed
of later accounts from Europe will be looked for wt
much az xiety. Enough is already known t. place
it Beyond doubt that large supplies Of brsadstsfs
will be required in the Atlantic ports OF Europe add ~
knew Of Of supply favoraby located than
this country. We are. to certain extent, laboag
difficulties similar to those experienced in the Black
Seattle sctroity Of shipping This for time may
strict and strengthen prices in places Of
SUMPTION but it will not continue long This obstacle
removed should soon feel the favorable effects II
extensive den and Tor great agricultural staples.
Quotations for stocks current at the 6rs beAr to-day
Jared with those ruling at the close Of the market
Saturday, show an improvement in Canton Company Of
PER cent Cryta Palace, Erie Railroad * Hsrlsu,s
aud,on Railroad, vi Norwich ard Worcester, Nor.
ris Canal declined Il per cent Cumberland Coal 4. The
coal stocks continue dull and depressed All the apal
and resources of spectators appear to have been
bsusted In sustaining them and there no indcaons
of better distribution Of the stock a. better prices.
AL the reserved capital Of the Cumberland Coal Compa
ny has been depress the market value Of the
stock, which SPECTATORS for riss had to contend
against without this inside opposition the stock could
not lave been sustained.
At the second board the demand quite active and
prices show further improvement. Nicaragua TrAnat
advanced q per cent Cumberland Coal, u; Ere Raj.
road, z; Hudson River Railroad, x; New York Central
Railroad Il; Morris Canal a. Gold Bill was in demand
an advance and looks Like taking the up track again.
The receipts at the Office of the Assistant Treasurer q
this Fort to day amounted to $2l2 $780, payments $l76
74s 2c-balance, Sc ,se1 $50 20. There nearly
twenty two millions Of dollars In gold and silver In ths
banks and in the sub treasury Of this city.
The annual election for directors Of the Erie Railroad
Company win be held on Tuesday, the 18th q October
It Is full time for those stockholder who hold for invest
nsnt look about and If change oaunot b
made in tie management. Ths company Is In the
hands Of stock spectators who entirely neglect the inter
ests Of tie road and who playing directly into ths
hands Of the Central Company II the substantial
class Of stockholders fail to make effort to exr
este the affairs Of the company from the hands Of oss
who have badly abused their trust they viii have
one to blame but themselves.
1he Philadelphia Ledger Of the 10th inst. says We
deard that several of largest dry goods
have sustained heavy loss by the recent failure Of
country firm doing very large business, and having
sc;es and agencies in several country towns Tho firm
Old one, and enjoyed excellent credit Ths fail
uIe is bad one, paying, it Is said not than ton
ceLts on The dollar.
The tolls collected at Beach Haven on the North Branoh
Canal from the 1st OF December the commencement Of
tie hfcs year, to the 1st of September, amount to
sl3 e1 70 aganst SIC $50 Go in the corresponding pa
lied last year. Increase. ST., GIL a.
Tie receipts Of the York and Cumberland Railroad
Company, ef Pennsylvania f,r the month CT August,
IS SOS 49, against 81 562 81 in the CORE spending
month last year. Increase 1886 ST.
AT meeting Of The stockholders Of the Florida Con-
tai RailIoai nIany held IT Tallahassee the 6rst
instant, TIE following gentlemen elected dirsc~
tcrs A S Baldwin, J. P. Sanderson, A. A. Canova F.
C. Barrett, r Z Buchanan, Kiel, P. Needy, D. s.
Gardner, john Roberts.
Tie contes, fer ratsonsge and popularity which Is at
present. raging between the two Isthmus com panes
Lot furious to tie interests Of either has revealed
Important fsc's and information. Tbs movensnba
ard ieaou-css o. both have been pretty well osnvasss
far as thsy understood by outsiders but through
the veil cf story which hung around the private A.
fairs CT the Par Railroad Company the keenet and
most sharp lighted bear could not penetrate Their stock
has Led al aorg fair position il tho Market and ~
maintained its prices without much uctratcn though
its progress towards completion, and the operations Of
contractors Az foers remain somewhat undRr this pc
cular mystery 1t is true that they have declared iv.
der "a at stated peiods and also PARTIAL, kno that
they have the monopoly for century of the right o6
way over TIE 18th NUS and clear grant Of thirty miles
serg tbs iIo Of the road These advantages which
accord to them exclusively their own. Bat 1t
only within the past week that their Of policy
has teen promulgated the public allowed A. insight
into their affairs.
Among va,iety Of facts connected with tbis rad
when have been forced out by the present contsst 70,
time srd speed II is stated with truth that the p.o so
Mall s6amtiip Company In ection with the origi.
nal stockholders have taken the entire construo-
ton Of The road into their own hsnds Messrs. Law
Story having failed to frd the terms of their contract
La conformity with this tho Vice Presdsut
despatched to Ireland 10 August where he is now
collecting two thoufnrd men, 10 DO forwarded direct
to AspnwaI from Ireland no proceeds Overland
toCh-s where he win meet the clipper Sen Witch andds
speteh BY hsr Two thousand Coolies TO Panama direct In
the meantime agents have been sent through tbs 18th
mus and Carthsgena, gathering native force, vhls
others have seen collecting mechanics In this Stats &
il r,nnsylTana. The whole forco, numbering nesrIy
GoCo srorg it is expected will be Brought 10 bsar on the
road by Jsnuary next ard it is eid that il human efforts
avail he connection between the two oceans By railroad
will be effected within the year. The only dlfic ay in
the way Of the completion OF the rood TO Gorgons this last
dry season Che accident span Of the bridge acro
the ChegIes river at Barbacoes The distance TO Paoa
ma sfom The point to which II is graded Is
but shout eiehtssn miles, six Of which Present
contlr uous level plain, requiring but little NO
digging or bridging While these preparations arc in
Of OPERATION the American ard Ecglish compa-
MES interested this route have made up putse
500 co., from which tho expenses oI immediate rsos,s
on the mule t,sok 10 be dsrayso. This Ia not a.
for We are informed that tho Pacific Hail STEAMSHIPS
Company, IA spirit Of operation, have NV
in this city Dcarly ready four large atet etesm-
ers, equsl in freei to the Golden Gate and jobs
L. Stephens. which, with the two last mentioned
viii form an unequausd nne q passenger vessels ran
ring throash from Panama 70 Ser Frncs,o 10 twsss
days. Their older bosts II is said will be 6ttsd sp fG
leight sni way mags Steamers wilt - pat upon Uas