The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-08-27
AND COMMERCIAL
>~N>~>r~~>~~~~o~~~~~
HONAY MAR MT.

SATURDAY, August 2e-SPH
70 was another general decline In quotations {.
stocks today. In the three Leading railroad
Erie, Reading and Central, there was considers
tivity, but the transactions were principally on
At the drst board, Erie Incsme bonds fell on
Pit; nlinois Central, ~; Canton, Co. v; Ncsraxua
\, n; New York Central Railroad, \; Erie Railroad,
araen, n; Aishigan Central Railroad, n; Michigan
en,s. Cumberland Coal and Nicaragua Transit
tssAy at yesterdays closing prices Erie Convert.
nds were sustained today At the improvement Of
~, but largo amounts were sold.
he second board, the market was somewhat better.
AiroaA advanced per cent; Cumberland, y; Cen.
Aiiroad, n; Erie, 1871, /.
npson's Bank Nots Reporter says
lshigan, thu PsninsulAr Bank and the Government
1.ak are ON the frye bank principle, and their
srmont, the South Royaiton Bank and the Bant ~
on arc free banks, and are, ws think, also amply
Ban, n Of C..thsgs, n; r, |. vsl secured. The
IN 30 worth 80 to 90 centa on the dollss. -
circular II Mr.. Isaac o. pavis, Of Cincinnati sor
~ ending "wednesday evening, August q. 1854.
20 following financial Information
Ave no material change to note IN the monsv mar.
our last report except slghtly iucreased strfn.
consequent on continued want Of conadence
disturbed state OF our currency. The fssues Of
ia.s FREE banks, Of less determinations than IS,
refused By our bankers and brokers' excent a
t Of . q per cent, thus causing great inoonve.
70 tho mercantile community.
bankers hsve made arrangements to meet the
1sn| Ok the new bank law, which goes into op-
October LIST, proxmo, by c1assifyne the foreian
% less denominations than $40, thus -
Ciass-Ths remote Indiana nee banks, received
prox.
Pa Oass-The Virginia banks, received till 18th
oass-An Indiana free banks, refused after
OK, and - ~
p Class-An foreign issues, refused after Is.
rec banks Of Indiana are about making arrange
redeem their issues either in tnis city or At fn-
IL. such contamination would benefit them |
committee has been appointed by the bankers |
city 10 attend meeting 1T Indianapolis, for per-
stock market No have to note an entire stsrn..
business, induced BY the present state Of the
uots rates Of interest for arst class business
per cent per month. Less known commercial /
hbout 2 per cant, while railroad securities can
De negotiated ct any rate Of interest.
aequence OF the continued and nm araleled strfn.
the moaey market, our transactions In the
% and sale of stocks have been limited We look.
j, for moro favorable change soon, and hone 70
{etter account. The following transacyiouu have |
acc since our last report
Pc Covington Lexington Railroad Stock, at soc. /
Cincinnati b indianapolis r K Stock, ct SOC,
Central Indiana K. r. stock, at ESQ.,, 30 days.
20 layton, Xenia Belprs R r Company 10 per
cent LIST Mortgage Bonds, at e5c.
res MAD River Lake Erie X. r. Stock, at &c.,
90 days.
Ohio Mississippi R R. Stock, at 75c. months.
Cincinnati, Wiimi ngten h Zanesville RR Stock,
at Sec 60 days.
New Albany 3 Salem R. r. Stock, at 3ec,
20 Second Mortgage Maysvillc & Lexington R.R.
Company Bonds, At loo.