The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-11-12

Dec.1 s59 500 Dec 4so COS Inc4 31s..s Inc. l5 9S
BY reducing the wheat to -four, the quantity OF the
latter left at tide water this year. compared with the
corresponding period Of last year. shows decrease oil
213l, s04 bbls. of -four.
The circular of N J. O. Davis of Cincinnati gives the
following review OF the money market of that city or
the week ending Wednesday evening, Nov. s, 1854:
The past week has been Of varied and intense in.
terest in monetary circles. The failure banks
to redeem in coin all the their issues has
given rise TO many vague and uncertain runors-conf-
dence is undermined and there nothing but
in the general appearance Of currency From the
varied rumoFs we select some that have the appear
OF re'ia bility.
Some Of the banks Of Ohio and Kentucky had short
time ago enlarged their circulation. This in cir
ces, created dstrnst and consequent run on these
institutions. The Bank of Crceve has been compelled
X Lawrence Esq states that there are ample means to
redeem every dollar. The notes OF the Clinton Bank
Columbus thrown out by some of the brokers' Par
ties connected with this bank state that IL Is all right
The notes OF the Commercial Bank, kentucky arc|
doubted by some and those Of the Miami Valley Bank
the effect Of panic but its influence is all the same on
the business community.
This morning. consequence Of tho serious Illness oil
Mr. Ellis Of the firm of Ellis Sturges, it dcemed|
advisable to close their banking house. previous re.
port of the death of Mr. Ellis had created panic among
the depostors great numbers of whom have thronged
the street during the whole day Following the close Of
this house. the Citizens Bank owing intimate
to this, run was commenced on r s. Goodman Co.
and under the intense excitement Of the day. they deem
ed it prudent to suspend operations till public opinion had
time to become settled There be nlt little doubt
but that the assets of each Of the above houses will be
amply sufficient TO secure depositors
$. W. Torrey Co. withdrawing rom business,
and have left with another house the pay their
depositors finding banking at this present ne too profit
less and perplexing.
The discount business of our banking institutions
owing to the unsettled state Of everything connected
with money confidence is reduced to almost nothing;
hence quote very few regular transactions Outside
rates range from to per cent with disposition
the part Of lenders to touch anything but first class
paper
Since last issue the November payments have be-
come due and it is gratifying proof Of the general
preparation made by merchants, that with few dis
counts there have been few failures and these confined
to small dealers.
Sales for the week-32 shares Columbus and Xenia
railroad stock &c., 70 do. Ohio and Mississippi railroad
stock, AZ So do. Covington and Lexington railroad
stock, hypothccaed Al; % do Little Miami railroad
stock, 81 "a do Eaton and Hamilton railroad Stock
331; 30 do. Cincinnati Hamilton and Dayton railroad
stock 49, So do. New Albany and Salem railroad stock
33t; 81 do Cincinnati and Chicago railroad stock, ny
pothecated H. 25 do Marietta and Cincinnati railroad
stock, hypoecated, "A: SIS do. Cincinnati, Wmingt IN
and GAINESVILLE railroad stock Hypothetical, 40 SO do
Indiana Central railroad stock hypo;hecated, IS do
Ohio and Mississippi railroad stock 47js 80 do. little
Miami railroad stock, sold East o. 81 do. Cincicnat
Cleveland and Columbus railroad stock, sp$ East l00X;
10 do. Cincinnati Hamilton and Dayton railroad stock
sold East S0h; 200 do Indianapolis ana Cincinnati
railroad stock, sold East as 80 do Little lami railroad
stock sold East, 9S; 80 do. Cincncna, Ismilton and
Day railroad stock sold East, 81 $4,000 Marietta
and Cincinnati bonds, sold East 81.