The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-07-14
FINANCIAL AND COMMERCIAL.
uopnY MARK ut.

- THURSDAY, July l8-SP.A
ne failure Of Mr.. john r. Purdy, leading broker,
vhs has been for sone tins large buyer Of ssesas
announced ct this nsrnings board, and BY throwing
quantity Of stsek on the market for psrsaptsry sA,
SIN further depressed s tsss. An compared with
ssrday mornings board Erie fen III RssAfss ~, Nsss
raxuA X, Hudson River TX, Cumberland *, New Yosh
Central ~ Afssr the hoard the decline continued The
foreign ne ~ interpreted In the street being
warhke; and notwthsta1 ding the improvement In the
British money MARKET and the iucrsase Of bullion 10 the
Bank Il was thought that the AsAs sdviess the
whole uniavorahls financial prsspeets. The sseond
board bears sigma Of this gloomy fssns ~ the close
Erie wss offered ~ &c. Reading at oex, Norwich and
Worcester atsl steahgt@ 1t o. Hudson River At s0k
NV Ysrk Central At g. Canton 1t 1sk, 0umeerAnd at
aSk, Nicaragua ct a
Money il still vsry plentiful ON prime securities. The
banks Witch ressivsd iron Count Ahso~ts thrss and
hsh millions 70 loan are exercising the utmost esat,on.
They refuse 70 sna ssecks snA demand short prime
mercantile pepsr This vary scarce IN THE dun
sn Of the year. and unIssa Tie sgeut rub Of psssAs
observed 4 rslsassd, II yrssshs That arse portion
Of the msnsy received frsm The ksxican Minister will
remain idls IN the bsnks At The pressst Of
change On England II il not iksy that largo shpmsnts
Of spssie win be nsds and from fourteen 70 fifteen
minisns Of specie YIN probably appear IN Aszt weeks
bank statement We're It not for the natures which
the fear 81 disas occurring IN Europe in sonse
quence Of the war anmprovement in the market would
be Inevitable; it IS dgn Of better prices at
present
Cen VIM. Ayres, from Harrisburg, Pa, s now IN the
city Of New York. The osjess Of his visit to draw the
attention Of the citissns Of New York to the Abovs
tsmplated railroad Thea Legislature Of Pennsylvania
during their last session passed act incorporating
company to construct railroad from Harrisburg TO
Hamburg distance Of krty miles This company just
about 10 open hookE and Anse their company. The
road from smburg to Easton Is more than half made ~
this tmethere connecting with tho New Jersey Central
road The completion Of this road win shorten the dis
tanee frsm Harrisburg TO New York some forty miles,
and give New York connection ~ Harrisburg
with tho great Central PsnnsylvanA road. 1t will
also with the Cumberland road leading through
the rScA valley Of Cumberland to Hagerstown,
In Maryland; also connect with Harrisburg and B.lt
MORE the travel OF which in winter, when the erossing
Of the mouth Of the 5usquehanns IL bad, viii up
by the way OF Harrisburg to New York, and win also
connect with the Sunoury and Erie Of which the travel
and trade must from the 6osquehAnna at grlae
thIss feet to the ms. Instead Of crossing the broad
mountain by Pottsve the connection with tbs Cumber
land and Hsgerstown VIII form . portion Of what
win be the great Southern Railroad from New York
Easson, Hamburg, Harrisburg, Chsmbersburg, Hagers-
town, Aartinsburg, Winchester staunton, Knoxville,
kc, TO the far South. glance at the map win show
the advantage Of this route al others Gen. Ayrss
Is at the Astor House.
The Bank Of England returns for the week ending oath
June show increase Of baen amounting b9S,
and decrease Of discounts q Elsss4o Compared with
last return, 1t gives the following result -
Public deposits. "a S62 sos Increase ,o40 423
Other dsposits.. 10 ll43S3 Decrease .,... 3e9 los
Rest. ........ 3,202,523 Increase ........ S,S70
On the other other side OF the account -
Cows securities GO, S6i, 200 Increase $3.50 76l
Other securities 1854 OO7 Incrsase. .... 20e770
Notes anempFd 7,6I8,700 Increase. $4,000