The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-10-29
FINANCIAL AND COMMERCIAL
I o N e Y Nj A II X r II.
sArrnpAy Oct ass

me STOCK market opened heavy this morning, and a
decline was realized in of the leading ancies. At
the first board Cumberland Coal fell off 4 per cent MI
chigan Central Railroad, 4; Harlem, 4. There have
been lately sales to extent of Indiana State ves
at comparatively low prices In consequence of the
| traction in the circulation Of the banks of Indiana
there has been large amount of State fyes withdrawn
from the hands OF the Comptroller where they had
deposited for the security Of the bin holders These
stocks have been put in the market fast they
withdrawn and sold to enable the bankers withdraw
Others and the effect has been rather unavorabe upon
prices We notice sale to-day of Northern Indiana
Railroad stock at 81 per cent buyer six months and
the time sale at SIS per cent cash. This is diff
ference of one per cent month"; greater difference than
the state Of the money market ustifes New York Cen
trial Railroad appears to be steadily working down. while
the bonds steadily working up.
AT the second board to-day there was no material
change in The market. Erie Railroad was fraction
lower Stonnston fe OFF * per cent. Illinois boals
went up y Ter cent.
Inc steamship Paic from this port for Liverpool to-
cay, carried out sl42, s7 Il in specie principally Cali
foInia gold bars.
Tic following eentlcmeh elected to day drcs
tors Of The Third lYenuc Railroad Company for the
urg year
Henry h rcmscn, rhiIctus H. Holt, William II. Webb
tlaisson y. Potter, William Bcmsen, Edward Roberts
licnry Hart, George g. Waters, Samuel Jaudon, Hcnry
S ss william l. l'oy william \ p'rlns' Aal''y 9.
lie warrants entered at tho Treasury Department.
Arlington, On tie a6th inst,
Fer Tho redemption of stack ........ SAT- ,6
For lament Of Treasury debts. OF, i06 05
Covered into the treasury from customs. aoi 50
Covered into the Treasury from miscellaneous
- sources. ~ ID
For the War Department. ................ So 943 eS
For rerayng for the War Department. ..... 1873 40
For repayng in the Navy Department . 4S6l5 81
Fer the Interior Department ............ S,26S Al
The anthracite coal trade in the schuyki region was
very light the last week The Reading Railroad brought
down rs, 500 tons, and the schuykil Navigation
II $50 tons On the egh Navigation the last weekly
shipments were 39,697 tons
The following circular of Mr. Isaac O. Davis gives
review Of the money and stock markets Cincinnati for
the week ending Wednesday evening, Oct 25, 1854
We have to note very unsettled state in the money
market for The past week The currency being disturb
ed and the failure of the banks and bankers mentioned
IN our last have produced state Of affairs in the
tary circles unparalleled at any former period in the
financial history Of this city. The uncurreBt bank
ssueA heretofore in circulation amongst us, hal been
returned to heavy amount and their places supplied
by own State banks; confidence had begun to be
stored and business Third street had assumed quite
promising aspect when the failures above referred
occurred and the consequence entire loss OF
confidence in the security Of banks generally; and
small depositors commenced upon the private
bankers, which, we are happy to say, trumphantly
sustained, however, by all Of them except Mcssra Out
Tie natural sequence to this financial arrangement is
unsettled rate Of interest, and to prevent regular
transactions to any extent We quote street rates for
money at two to three per cent per month"; when to be
had al all Capitalists prefer To retain the control Of
their funds that they may be prepared for any cmerg
| cncy.
lhe Indiana Free Bank paper is being sent home
pdly, and much of il is withdrawn from circulation.
The business portion of the city has shown itself in
healy siatc very few failures having occurred of any
| mount
Tie stock market mater II necessity sympathises
| ella OFT
We have however, number of orders from the country
fr investment; and feeling OF confidence in stocks Is
prevalent, with desire to take hold of them RESTRAINED
nly ly stringent money market. We therefore quote
lie msrket duh, though the prices Of former quota
| ..ons are sustained
SAFES yoR THE WEEK.
20 ss Co,ingon and Lexington Railroad Stock As
- Ohio and Mississippi Railroad Stock ... dnt )i7h
80 Little Miami Railroad Stock ..................9S
% Cincinnati, Wilmington and GAINESVILLE Railroad
stack. (hylothecated) .......................4 40
rs Cincinnati ana Chicago Railroad stock (ypothc
81 Cincinnati, Hamilton and Dayton Railroad stockso
! 90 Ohio and Mississippi Railroad Stock Gnt )47
20 Cincinnati and indianapolis Railroad Stock, (hy-
20 Columbus EDa,Css. an2 x.na Railroad Stock
40 Indiana and Central Railroad Stock, (hypothcca-
20 Cincinnati and Chicago Railroad stock ypo
81 covins,on and Lexington Railroad Stock, jhypo-
so Ohio and mississippi Railroad stock (hypotie
50 Taton and Hamilton Railroad Stock ihypothe,
40 Cincinnati, Wilmington and GAINESVILLE Railroad
u Columbus and xenia Railroad Stock
20 Marietta and Cincinnati Railroad (hypotheca-
20 New ibany and Salem Railroad Stock
SO Clio and Mississippi Railroad stock ........47s
IL Eaton and Hamilton Railroad Stock .,.......33ls