The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-10-15
FINANCIAL AND COMMERCIAL.


FRIDAY. Oct. N-SPM NJ.
The reaction anticipated not realized to day a.
the first board The downward tendency Of prices st
continues and tho Blu appear to be powerlsss in
straning the depreciation At the first board to-day
er Vein fell of per cent. Phenix Coal 2; New Yors
Central, 81 Erie Railroad l; Harlem, y. stoningon IL.
Norwich and Worcester, l; Reading Railroad, IL; Ne~
haven Railroad y; Morris Canal went up 4 per cent.
The sales of leading fAnces TO extent and Pr
cipally for cash New York Central bonds freely "a
ered at decline. Bank stock quite i've to-day
at the board and the sales usually large There
IL evidently growing disposition to realize this class
Of eeurities The time is favorable holders de
sire but it is impression that bank stock will
again command such prices "a have been paid.
Some Of the banks have been grossly mis-.
managed, and the old bsnks have been compelled
to establish . clearing house, 10 avoid those d~n-
gers which they have been subject to within the
past two years The clearing house and weekly state
ment expose tho operation Of every banking institution
in the city and weak places appear before they get %
be past redemption This expose keeps the banks straight
and prevents them from engaging in operations not en-
trey legitimate This win cut down the priests Of many Of
these institutions and deprecas the market value Of
stock but 1t will do away with these fluctuations in the
money market which heretofore have been ruinous
The present srngsncy In nsnsy matters has bees pro
duced partially by the contraction in the banking
y,
and preparations fer clearing house system.
At the mining board the sales n follows
so do Isle Royal. IA 100 DO 80. 4
s zee Dc DO Dep M M" 1890 fh@nn soa..
At the second board tho market was comparatively
suiet but heavy and depressed. Cumberland Coal -
clinsd per cent Erie Railroad u; New Jersey Zinc -
There another sale this afternoon of Ilnss Central
Bonds at So per cent The sales almost entirely for
cash. and the bears haa fine opportunity to in aud
make themselves lsng They however, appear be In
hurry evidently feeling confident that there better
time coming those who have had faith in tho
bility Of fancy stocks
The rsceivts at the Office Of the Assistant Treasurer Of
this port to-day, anouted to s45e52 ~; payments,
Sill, $50 17--balance, ss,636 o39 20.
The -four merchants of Rochester have addressed
letter to tho directors of the Central Railroad urging the
necessity Of greater facilities for the transportation of
-four to tide saer The high price of breadstus in the
eastern cities both for home consumption and export
renders it in order to take advantage of the
market that additional accommodations be afforded at
that city their transportation, and hence the 60 n
muncaon to the directors of the road The csmmuni-
cation sets forth that facilities offered At Buffalo for
the Of barrels of hsur daily by
railroad while by constant effort and application Of millers
and others at Rochester cannot be obtained Of
forwarding more than 100 barrels a week-and in the
- me proportion for other goods and commodities. The
act of consolidation they regard far they
cerned Of sdecided public disadvantage and
Of private and individual Inconvenience"
The receipts of the Springfield and New Haven Rail
road from freight and passengers in September, 1881
Observation-Disclosures. ST., 262
For September 1852. Observation-Disclosures. S. 1874
Increase in 1858 ACKNOWLEDGEMENTS. $l207S
This is exclusive of mails rents &c. which unit to
about 81 900 month the year round. September 10 the
first month of their financial ear For September 1851,
the receipts about $46 00e.
The receipts Of the Baltimore and Ohio Railroad Com
pany for the month of September, follows -
Main Stem. Wash Branch. Total.
Passengers $4S, 648 90 S24, AIS "a SIs,127 II
Freight ........ 10e,65l 4S 1880 10 1892 y
Total s2s0, 800 Al sal 1923 % s27l, O29 A
The receipts of September compared with those of
the previous month Of August, show increase from
the main Of $22 $50 o. and from the Washington
branch of s. 531 o. making total increase OF 81
The recsipts in September Of 1852, Sl92625 4s
showing increase for the month in 1858, of
SIS &C. On the main stem there has been
of SIS $40 IS from passengers and Of so5 81 from
freghts, 81 compared with September, 1852.
The receipts for the business year. which ended the
Soth Of September compares with the previous year
follows
Main Stcm Wash Branch
1853 .,,.....,.......$2,Ol 3, $40 so 1890 $40 33
1862 ACKNOWLEDGEMENTS 1895, 563 IS 34s, 622 rs
Increase .,........... $6S8, 262 IS $40, 3l7 81
0SS, 2S2 =
-
Total increase. ;. $40 5s3 =
This increase equal to than fifty per cent neuy
the whole Of which was on the main stem.
The annexed statement exhibits the quantity and vaas
Of foreign dry gosds entered at this port fer
ton And for warehouse, alse the Withdrawals frsu