The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-09-30
FINANCIAL AND COMMERCIAL,
MONEY MARKE EFT.

THURSDAY, sept, ~ 10 4, M.
Tie move mt TO day was upward. Nicaragua, Cum.
eIAnd Erie the favoritss and tao transac oas
we're quite large At the board Norris Canal vent
up d per cent; Parker Vein, q Re sdng railroad, IA
Nc,ragua Transit, q; Cumberland Coal, q; Panama
Railroad az; Ne. York Central Railroad "a Erie Rail-
road, 20, Harlem, Il Hudson Railroad u. Enc OPEN
ed rather heavy this corning but the ba managed to
get the steam before the cose and quite advance
was reszsd among thenalves 1t will be Reer BY the
sbls of trapsacons AID quotations, that the rise has
been pretty general All the fan ies have been siults
neou,iy sec ed, and all moved up together. One Of
there days they will all take the other track, and 60
down fast they go up The several cl'ques have
been heavy purchasers TO cay but it win do good
II may put 10 later period the day OF reck ming but
it viii make The result disastrous when it Is real
ind these sudden irfatons have los: their sfTscs
ouiside sIecuators THY have been often drawn into
The traps prepared for them, and suffered seriously
that they will not be sgau caught until past Losses have
been forgotten. The rally to day desperate effort
the part large holders and they may be able put
Of few hundred shsras bu. they will be pelled
pune haie may thousands 10 keep prices up long
enough The bears have within the past day two bsea
large buy for delivery and this has been Of prary
benefit to the market.
At the second beard The market quite 30 buoy.
art blu. there considerable activity in of the
land Coal, y; Eiie Railroad, a. AfJer the board the
foreign by the Washington was announced and the
effect very unfsvoraole. The great boar Of Russia
having adopted dscced relative to To key the
bears Of Wall street will have things for time pretty
much their way We expect there viii be scatter
ing among the bulls and the explosion OF good many Of
the bubbles in The market 1t Is full tins We had
thorough clearing out that the really valuable could
be distinguished from the worthless.
The receipts at the Office Of the Assistant Treasurer
Of this pert to day, September q, amounted to $12
ITO oO the payments $4o4 S. lsavisg balance
en- hand Of 80 62s 1854 SO.
We ObseI another Richmond in the field Of zinc
tsrprise The Lehgh Company. called, undstsrrsd by
the fate Of the Montgomery which has proved fe to be
essy worthless has sent samples Of its manufacture
what represents 70 be such, for general inspection.
We only can say that It's reputation, like that OF the
Montgomery company, be kept up long enough TO
enable the proprstors to saddle their stock upon this
public At four five dollars share, which win pay
fair living profit its coat OF twenty esnts SHARE
will be = very good operation for them.
By the arrival Of the stsamship Washington al this
port from Bremen and Southampton have four days
later intelligence from Great Britain and the Continent
The commercial accounts are not favorable Is aatc
pstsd Breadstufs in active demand, but prices
manned previously quoted Cotton without change
rather glomy The London Times Of the 18th inst says-
The English stock market this morning opened With
almost the appearance Of panic, the quotations, not
withdrawing the heavy fall that took place yesterday
thowI fresh decline Of nearly half per cent. Con-
soils frtt marked S5x to 9bs for money and 9i7s
to SO for the account and 1T ons time the prics for
tie stock exchange being very heavy. Ultimately, ho
there slight recovery the transactions, espe
for s showing r.. gsss % e.
and e611 TO 9o4 for the 18th Of October the improve
msnt having been principally ciuled BY the arrival Of
rather LEES active pressure for money out OF DOORS and
dmiuuton IN the demand for specie for China, the i'm
preston under these circumstances being sss decided
that the Bank o. England will advance tnsr rate Of sdis
count for Thursday next.
There very little doubt but that the rate Of interest
will be again advanced. The previous advance having
wholly failed nacsompnshing the end In view there is
other alternative but another increase in the rate
1t was the impression in financial circles that the i'd
vance would be full one per cent.
The returns Of the Bank of France for the past month
hhow that the reaction which had commenced against
th, heavy dreix o. bullion experienced ia July last has
not been maintained and that there been we'd
falling of Of about Ct ESQ CO. In the first quarter Of
the present. year a. aggregate increase took place Of
upwards Of f2oOO 600. In July, however there was
sudden Elimination Of 81 200 COO, caused By the alarm
regarding the harvest and the large purchases Of foreign
wheat This followed by increase last month Of
$50 COG, but the fresh dsclins presented causes
tho balances Of the fuc.uaors since January to sho
efux Of about 81 10000. The amour. AFFORDED
from the Bans q England during the period has
been ca or 59l.
Ina following IL the report OF the seni aDnaal dri.
dend, TO be Isd By The Bottom banks, Monday, %.
tObsr 2. Win teo three exceptions they on ,GJ
Ibs Blackstone ysy sIoc coo rcrsase tie BoylsiOn o.
iso,NQ bGese. TIE anerSt Of diue~ra ys.e isst Apr,