The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-07-13

FINANCIAL AND CONNER GAL
MONEY Market.


H. market opened buoy nty this morning. but WAS
sustained throughout the day. As compared with
the board II yesterday afternoon note general dc
cline OF the stocks and iancies Erie fell off =.
Reading, - Hudson River, q Cumberland =. Nicara
gus rrarbit a. and the others in proportion. The pro-
missed dend OF Erie is freely offered in the street att
TO per cent, without buyers No one in fact expects
thai any dividend viii be made. Money cannot be Dor
rowea now as easily T. has been in times past; and
from his cause the usual bolster viii not be forth ,omng
this season Erie stock. Similar doubts rcssns
Reading IL IL reported that the earnings OF they have
been absorbed in the pay nent of old liabilities n the
long strngcncy in the money market renders ipossi
BE fos the company to renew. These approximations
have created quite activity IN the rtock, which
pressed fo sale al the second board and closed at H.
New York Central Is lower with small ssles The
o. cssh stock in the market is very small the prosen
prices could not be sustained dividend Of four per
cent capitol OF twenty four millions b. picked
up easily the directors would have the puslc g.
imagine Cumberland holds it, ground better than any
Of the other fancies. Were confidence generally
restored II j. the general belief that il would touch
much higher figure than it command
Money is plentiful prime securities; but lenders
exercising degree of caution to which they have
long been strangers Brokers find i easy matter %
obtain looms stocks which before the recent dove
ments, regarded good colateras tit Il m.
doubted that the banks have money 70 lend than
they have had for time past. Out of Almonte's
seven MILLIONS, three and half have been loaned
them AZ interest ut fifteen days call the balance BENZ
made special deposit, TO be dealt With as ttnot
dssiles without notice There cannot 10 que IN ~
that this secession Of three and hall millions % oar
stock Of specie will prove fatal gift in the emil Ii ans
already spread pretty general belief ia rise and n,
bulls taking heart, while every rehectu mind Z
must be Obvious that the withdrawal OF this spece win
leave Us In worse position than IL found Som
Of the banks understand have refused 10 have any
thing 10 do with the money; fearful, doub, of
temp tston 1t would otter them 10 enlarge their line oil
discounts In times like these such extnples Of caution
prssewoTthy. StiD, the money is theretbree and
bali millions more than the tenks had last week What
with this, and what with the email shipment BY TIE
Europa day II is not matter OF wonder that lnguinc
should be iound.
Tie Europa sailed to-day with sss 700 % ia bars and
fl,c in soveIegns.
Mining stocks very dull We notice sales OF old
Hill al ~, and of Gardiner Cold at 20. Tho North
Carolina COMPANY have called Ii in-tslnent OF Gfty
cents. We hoie II viii be found
Tho commercial by the Asia's arriv, from Fu.
rope Is net important Copsols steady OH the 27h
and sstn; on thursday, 10Th, there was downward
tendency, and after touching s33 they closed at ess
st. decline last quotations. Money was easier
Tic s9th tbe receipts Of gold and silver amounted to
nearly two millions of dollars There was no change in
The Continental bourses. The demand for american
stocks better Cotton Is quoted 1l6th better There
nomateria change in the price OF wheat but -four
lad fallen Co. per barrel
W. dlaw attention 10 tho advertisement Of the Chicago
and Rock Island Rairoad by which Il will b. seen that
she hoasre OF certificates requested to adsr
thm at the Office, and ones, covering the
amount OF the original stock and the interest accrued
teiccn TO the 10Th July Inst fresh issue Of $3.50 900
stock 10 be made which will carry the ises of stock
to 80 ,oooooc--the limit aa1xed BY the charter.
Albert H. Nicolays semi weekly auc,ion sale Of stocks
and bonds takes place, as usual to morrow Thursaay)
at bali past twelve O'Clock at the Merchants Exchange
We are requested to say that lie VIII sell s5l 900 Of the
bonds Of the shins Railroad reserved by the directors
til The road finished and operation which Ia nov
tie These bonds will pay OF all the floating debts
Of The company and leave the road fully equipped and
DON. Large business and being secured by mortgage
which Is the srt and only leo the road the cost Of
which has actually been see2,ooo, oey are security
when il Is expected the public viii consider Of the m ut
urexcep,ionsble character.
Tie trade in dry goods 10 sin quiet duh and heavy
Our principal merchasts absent from the city while
those who remain hcsc doing very little more than
preparing for ihe fail Country oobers have not
made their appearance yet arc they expected ID
considerable pumbers for souS weeks ahead Tor 'aeso
reasons, cannot give lo. repor this lime, thegc
being rcssfag essentially noeei in the condition
prospects q The business - 70 Ieqaae special rfcraae
fromus
Lrosn md blosshsd sheeisss and sSirslnss are In
active End Ugaia Cotton jcsns igguire far
a. 4 - ises Denims 81 sltES ~ oll ra,ss. prin
arc moderately sstivs, wliis girrhaus hNN A.
carapu,ks ate unehanssA isaAoi .-sas ,re j..
ALI ~fT eHa n,fc fffrlf 1858 H- sa8 e24ttY sd