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

Dec $3.50 SOB Dec 24ss s05 Inc4 3ls..s Inc Is 9ss|
By reducing the wheat to -four the quantity OF ths|
latter left at tide water this year, compared with the
corresponding period Of last year. shows decrease of
2,l3l, s04 bbls. of -four.
The circular of N J. O. Davis of Cincinnati gives ths
following review OF the money market that city or
the week ending Wednesday evening" Nov. 8, 1864
The past week has been one Of varied and intense in
terest in monetary circles The failure Of some banks
to redeem in coin all the presentations dfter has
given rise TO many vague and uncertain runors-conf
dence undermined and there nothing but confusion
in the general appearance Of currency From the
varied rumo we select some that have the most appear
ance of relia bility.
Some Of the banks Of Ohio and Kentucky had short
time ago enlarged their circulation This in cir
Giles, created dstrust and consequent run these
institutions. The Bank of Circleve has been compelled
into temporary suspension, although the cashier, H.
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 it Is all right
The notes of the Commercial Bank, Kontucky are
doubted by some and those Of the Miami Valley Bank
OF Dayton thrown out Much of this is undoubtedly
the effect Of panic but its influence is all the same on
the business community.
This morning. consequence Of tho serious illness Of
Mr. Ellis, Of the firm Of Ellis Sturgcs. it was deemed
advisable to close their banking house previous re-
port of the death of Mr. Ellis had created panic among
the depotors, great numbers of whom have thronged
the street during the whole day Following the close of
this house the Citizens Bank owing to It's intimate
to this, run was Commenced on r : Goodman Co.
and under the intense excitement Of the day they deem
ed prudent to suspend operations till public opinion had
time to become settled There u sat little doubt
but that the assets Of each Of the above houses will be
amply sufficient 10 secure depositors
5. W. Torrey Co. withdrawing rom business,
and have left with another house the pay their
deposors finding banking at this present sine too profit
less and perplexing.
The discount business Of our banking institutions
owing 10 the unsettled state of everything connected
with money confidence is reduced to almost nothing;
honce 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., do. Ohio and Mississippi railroad
stock, AZ So do. Covngton and Lexington railroad
stock, bypothecated Al; Do do Little Miami railroad
stock, 81 "a do Eaton and Hamilton railroad stock
331s; 30 do. Cincinnati Hamilton and Dayton railroad
stock 49, 80 do. New Albany and Salem railroad stock
1875; 81 do Cincinnati and Chicago railroad stock ny
pothecated Ia IS do Marietta and Cincinnati railroad
stock, hypohecated "A: SIS Go. Cincinnati Wmingt IN
and GAINESVILLE railroad stock hypothecatcd 40 3 do
Indiana Central railroad stock, hypothecated, 54 rs do
Ohio and Mississippi railroad STOCK ~ 80 DO. Little
Miami railroad stock, sold East 97t So do. Cinciena
Cleveland and Columbus railroad stock so& East, 10OX
rs do. Cincinnati Hamilton and Dayton railroad stock
sold East S015; 200 do indianapolis and Cincinnati
railroad stock, sold East, as 80 do Little Miami railroad
stock, sold East, IS; 80 do. Cincncnna Hamilton and
Dayton railroad stock sold East ST. $4,000 Marietta
and Cincinnati bonds, sold East, 81.