The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-09-15
FINANCIAL AND COMMERCIAL


y
MONDAY, Sept 1l-8P. N.
stock market very much unsettled this morn.
Ing. Some Of the fancies were little shsky, whus
ethrs hrn and closed at advance. AT the first
beard hsrrs Canal decln cd y per cont Gold Hill Mins
X; kieHaeus Transit Co., y Phenix Coal Ia New
York Centrsl Railroad, Reading Railroad, 4 Canton
Company advanced Z per cent Cumberland Coal, i
Harlem Railroad. u Erie Railroad, e; Norwich and
Worcester Rairosd, - Hudson River Railroad, u.
There does appear to b any movement of much
strength except in Erie Railroad stock and it Is ques
tsa the treasurers clique carry that up much
higher Before the recent rise commenced that party
held upwas OF twenty thousand shares and to carry it
up 10 the present points, nearly much again must
have been purchased. Every thing depends upon how
long the conbA alton can carry such lead II
d easy enough to bay . fancy stock, il one
has the means, but selling Is different thing entirely
nd the spectators for rise in Eis VIII find these
days. The pubic will not take hold Of the stocks at any
price, There dozen sellers where there is one
buyer and 10 1t viii continue. The small holders are
selling. Lots Of five, eight, and fifteen shares are
sold daily at tie board, showing clearly what class of
holders realizing The tendency Of most Of the lead
ing fsnces ward and the money marks loses its
strrgency, prices will no doubt improve without much
speculative ix Improvement.
At the Mining Board the sales wore as follows:
400 abs Mineral Cop Co Y 800 shs Phnuix Gold IL
ls5 de- Potomac Cop Co "a 100 do Ulster Lead b3o
The receipts the Office Of the Assistant Treasurer of
this port to-day, amounted to slo2 OCT IL payments,
3ios.713 So-bslancs. 90. 20, 2s5 II.
The folowir is the plan for the clearing house. ss
finally adopted by the city banks arrangements for the
carrying into effect 81 which in progress under
the direction OF the committee by whom tho plan WAS
first presented 1t is understood that the place of
ing wiz be the occupied by the Board of
Brokers' sooR possession Of that be obtained
and that temporary quarters will be provided in The
meanwhile
LIST. room shall be provided sufficiently large to af
ford suitable accommodations.
q. manager shan be appointed to take charge Of
AID With the assistance OF his clerks perform the duties
%. 1t ahal b the duty Of the manager to prepare
from staten euts furnished him by the banks general
sh wing the position Of each bank whether
4th. The Seeding clerk OF each bank shall repair to
shi y r. nooss With ana LIST Of hs ga
9TH The ports 1T the same hour, will go to each
banks desk and make with i,s eerk thsr exohang ss
having the amounts entered their pass books at
preent, (thsee sntries being simply intended
ceipssl Hsvirg made their exchanges, the postes will
retur. 70 their respective ban carrying the money
6tA. The ss,tlsg clerk having entered his list the
Lvered to each bank, and struck the balance shall de-
live. the ians to the nsn aeer,
It'll. At TX o'clock p. NJ, the debtor banks shall ap-
pear at the cssrns house prepared to settle the balance
due By each. and at tho hour the creditor banks
sRRss re- sSa receive se the nov due to them
cord statement q the clearing house the manager viii
announce that the settlement is effected.
9Th All errors and rscamations shall be settled at the
bank counters At present. and alteration shall be
has been furni he'd to the clearing house.
10th. Tho banks associated for clearing house pur
number to b . dspositary to receive in special trust
such coin q any Of the associated banks may choose to
certificates exsbar &c such coin proper form aud
for convenient amounts. Such certificates shall be ne
received by any them payment Of balances Al the
clearing house. It being expressly understood that such
zach bank being le perfectly free to maze them or moi
at its drcreton 1t being further understood that
TIE coin in deposit to bs h absolute property of those
Of the associated banks, who, from time to time, may
hold the certificates and to be held by the de potary
subject to withdrawal tbs presentation Of the prope
certificates At any time during banking hours
Ths steamship Franklin, at this port from Havre and
Southampton, brings Eve days later intelligence from all
parts Of Europe. There has been material alteration
IN the position of financial commercial AFFAIRS The
london money market vas little mors stringent, an
spprehensions excited thai the Bank Of Eogand would
raise the rate OF interest In bresdstus the ward
movement Of prices continued, and the demand active.
There very little doubt but that the improvement
WI be considerably grester AMI firmly maintained. Quo
iations for cotton remained Nigh have been expect
ed in the fa,s Of this sxcle1,sn. in the msrket
slightly Depressed The steamship Niagara at Halifax
from Liverpool brings three days later than the
Frsskn Her advises d. not vary in any important par
iculars Fl om those received by the FRANKLIN.
Books of subscription 20 the capital stock for the "a
sionaI Alliance Company, will be opened
tho 10th instant a. the Office OF Simeon Draper, William
street, corner Of Pine.
Ths President OF the Western section Of the Ohio aud
Mississippi read, from the Wabash at Vncennes TO Hi
acistown, opposite St. Louis reports that bonus o.
$3.50 COO is to be paid to the sub contractors for
plstng the work from ST. Louis sixty miles, to the line
@ the Illinois Central By the LIST January 1864 and the
whole work TO The Wabash, by the 1st July 1854 By
the original CONTRACT the work TO be completed about
the close Of 1856
The amount received for toHs all the canals of ths
State for the first week OF Sept, 1885, s1O0al3
IN Io5z...,.. lV3,F54
The following is the receipt for the past week of Sep
tember, and the aggregate to september , inclusive,
FOR the following years
NgY YoRk SgAn CAsALs-ToII.s CoIJ EoTED.
Eirr tresJ IN S<pt. TlSgTI n Sent. 4.