The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-10-14
FINANCIAL AND COMMERC GAL.
MONEY MARE EFT.


There unusual large sales this morning at the
board and nearly every fancy the lat freely offer
ed Buyers not plenty sellers. The tendency
Of prices throughout downward and the decline
quite general New Jersey Zinc fell of x per cent; Po
tos Lead, II Florence and Keyport, "a Nicaragua, II
Parker Vein, 4; Phenx Coal u; New Creek, u; New
York Central Railroad n Erie Railroad X Stonington
Ia; Norwich and Worcester y. Hudson River Railroad
"a Cumberland Coal advanced 4 per cent large lots of
Erie ssd to-day for cash In ether stocks the
actions principally time, buyers option. Every
thing was comparatively quiet in the street Today We
hear of suspensions; but unfortunately
not below the surface and are therefore, unable to
anticipate explosions There must be good many shaky
Spectators about with whom it is merely q matter
Of time.
AT the second board there regular od-fashiened
panic in Wall rect and the bulls stood aghast at the
appearance of the stock market There must be
rous failures amsng holders. The fall has been rapid
and great that very few stand up against it. If
compelled to realize It would be well for the bears to
look for their time contracts not in dozen
viii be worth the paper they drawn on At the board
this afternoon Cumberland declined i per cent Morris
Canal q, New Jersey Zinc y, Canton Company g. Mica
raugua "a Parker Vein 4, Harlem l. Hudson River 3,
New York Central Railroad l. Erie Railroad "a, Reading
Railroad l. Even at this heavy depreciation there
sellers time to extent, buyers option. This
showed that there those who look for much lower
depth and there very little doubt but that their expec
tations will be realized 1t is possible slight reaction
may be realized in day two but it cannot be other
wise thin temporary.
A Geographic despatch from Washington having init
mated that Mr.. Diapers accounts with the government
had not been satisfactorily adjusted, official
document from the First of the Treasury Depart
ment given under date the 9th inst, showing not only
full settlement of all claims but small balance due him
from the gevtrnment-
TREASURY DEPARTMENT,
FIRST AupToRs OFFICE, Oct. 6, 1858.
Sr-Your account agent of the government for
the purchase of United States stocks has been finally ad
usted and balance found in your favor OF three hun
and eighteen dollars and twelve cents which VIII De
remittea TO you nj New York
This bs lance arises from difference in the conputa-
interest by the accounting officers Of the Treasury
and that adopted in your statement your
rendered to the Department BY the Assistant Treasurer
at New York Very respectfully, your obedient servant
Simeon Draper, Esq New York
The receipts the Office Of the Assistant Treasurer Of
this pert to-day, amounted to 500, ITO e4 payments
SIG, 8Ol 66-balance, S., 761, 445 A.
The sales at the Mining Board this msrnng we're as
200 shs Parker's Vein. 10 400 shs Gold HILL. 4
eco Penn 2S 200 cs eer srET Coal csn
A telerraphc despatch from Halifax announces the
arrival at that port Of the steamship Canada from Liv
erpoc with seven days Intelligence from all parts of
Europe The political is interesting but not part
cuarly important The Turkish question appears to be as
far from settlement ever The financial accounts con-
tnue gloomy The rate Of interest had again advanced,
and greater srngency prevailed in the money market
Breasstus had improved, and cotton had declined There
was an active for -four at the advance and prices
were firmly maintained. Only a moderate amount Of
business in had been transacted for several days
previous to the departure of the steamer.
into Of iugta mes on of
the Illinois ntral Railroad Company, up the 10Th nst
will paid that day, at the office of the company in
this city.
| meeting of lumber dealers held on Tuesday
ing the House, the subject of the late orders
Of the directors of the Erie Rrlroad in relation to the
sportatoA of lumber upon that road committee
was appointed confer with the directors of the road
and report to meeting to be subsequently, called.
The Insurance Company Of Boston has
declared dividend Of fifteen per cent, payable de-
nand
We showed yesterday that the immense amount Of rail-
road bonds city bonds county bonds borough bonds and
village bonds remaining in the hands Of spectators
much dead weight of the principal Of the
present emba sments, and would produce many fail
For than two years the manufacture of these
bonds has been going and they have been put Off at
auction private sale and barered in different ways
to produce the needfu at almost any sacrifice Within
the past twelve months have had sales at auction of
railroad bonds averaging at least million Of dollars per
week. The sales have ranged from fifty per cent upwards
but this great sacrifice did not deter the
turers from letting them 60. If the price not large
enough to give the amount Of money required enough
bonds sold to make 1t UP. So long the machine
was in operation it easy enough to supply as
many as this market would take After parties
here had become pretty well surfeed it became
necessary to look abroad for purchasers. Agents
we're therefore despatched to Europe loaded down with
bonds Of every variety and very choice selection was
offered upon the most favorable terms The greatest a
tude given these agents in making their negotiations
The sole object in view get rid OF tn, at good
prices but get rid Of them at any price, than re-
turn without In carrying out these Intentions all
Of barter trading resorted to- Railroad iron, dry
goods, merchandise of every description taken in
exchange at high prices and sent to this country for sale
and consumption This the first great of the in.
crease in the value Of mpJrtatons and 1t has reached
extent far beyond most extrayagant calculations The
excessive mpeaons pro uced by these forced purchases
abroad caused rapid accumulation in the revenue from
customs, withdrew from the channels Of trade an inn
amount Of gold and silver and locked il up in the
government depostories muon dead capital We