The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-08-10
FINANCIAL AND COMMERCIAL.
HONEY AK r +.

oere small demand, Dut me RAILROAD fancios all
aseli..d. As oompared with yesterday afternoon ~e
note decline Of y in Erie, In Reading y in Central
IN in Michigan Central, in Clev lsnd and Toledo x
b Cumberland, y in Nicaragua. There 10 disposition
10 buy amonx the public; and whatever the bulls may
ny, 80 far from tendency towards improvement. being
Dscesbe In railroad securities the alton TO pnr
ehAss, or end money them, becomes daily greater
N use Wan street there is abnnd evidences
before MS that the bottom" has not been reached
The committee appointed at the meeting Of the Harlem
Hsfresd stockholders, meet daily, and progressing
With their laeors Their report may be expected on
Tuesday next. II 10 understood that they win recon
mend the company to assume the fraudulent stock
and bonds and viii further suggest that thorough
form be introduced into tie OF the concern
1his latter is understood signify that the resignation
q the old board be accepted and uneond onaiy
Tia EXAMPLE o. the Harlem WILL of course, be followed in
doe time b. the New Haven Company Spite of their
yncsncs public opinion viii compel the shareholders
n TIE latter the stock issued in their names
A. seen this is DONE raro i'd securities may possibly
psvivs; but not ill then.
II was expected tha. the recent occurrences at San
Juan, and the loss of the Ometepe, would have a do
pressing effect ON Nicaragua 1t has varied so mush
however the general Of the fancies and was firm
after the bosrd.
Ars Nicolay's semweskly auction sale OF stocks
I'D bonas takes place usual to morrow Thursday)
stl2h O'Clock at the Merchants Exchange.
The stock market in every particular shows singular
marks cf Weakness and order could have exc.
suited for the sale Of any important quantity Of cash
stock and juda ing from the opinions of most expe
.seneed Spectators the decline must sink much lower
Where the end is be may be readily anticipated but
Ne time wien any very serious collapse will take place
admits Of som.wbst doubt Like the Pickering Of
the q, ing candle though its extinction he certain still
fatal is oft don II IA
Anpossibe withstand the crisis while the elements of
aistrust are in constant progress Of culmination
Wherever turn perceive accumulation Of din.
enlts and here take this opportunity to an
recent statement in which in fault
y representation that the proceeds Of the sale of
the 600 shares Of stock belonging the Erie
REDUCED $50 Ooo when In fact, and in Sadness It did
nst yield TO exceed $500, 009
The Erie bonds of 1871 were freely offered at
g. and could not he sold ut higher rate than CO.
sviDcing a degree of dscredit which nothing but
anticipated insolvency coald justify and of course
under this impression and depression the compa
py's accepances and unprotected evidences Of debt
could not he negotiated at any price, especially as the
market has become suddenly flooded by the general
ienpts to resell resulting In the creation Of an over
charged competition among the vendors.
After sustaining . most enviable distinction on the
stoeklit We perceive that the Cumberland shows
considerable weakness, which Of gives rise to
many speculative suggestions, of which, on In
vsstigatcu venture to predict, win prove other
wise than Inventions purposely intended and In
wanted TO affect the temporary value Of the stock.
h Is said that one Of the directors have
within few days sold out all their interest," which,
though true, forms other ground for spscula
ti0a than the mere supposition that the sellers
could employ the avas Of their sales to greater advsn
hge In Withdrawing large amounts Of their paper
from the hands Of cormorant shavers These not
tim - for over deiicacy fidelity.
The shipment OF specie this day to Europe by tho
ssamer amounting to $3.50 900, has created more than
usual attention. the general expectation had been that
the would have been very much less; and when We
particularly note this sxportatOn Unexpectedly large
- regret TO add that reports current that the
HAtasday steamer will carry on upwards OF 81 900 600
perhaps greater Understanding the exports Of the
veek reach the enormous amount Of 81, 0oo, 900.
The operators for rise in the Reading predicate their
expectations on future prospects, and do not doubt that
aAs stock win recover it's lost position, from its well
Known recuperatve vers especially when reduced
Mo lowest state Of hopelsssness.
The demand for desirable dry goods Il steadily In
sseasing. large number OF country buyers are in
Sown, and busily engaged in making selections This
shey enabled to do among the stock fancy articles
which have established character on easy terms as
not heavy supplies Of them hand It is supposed
That their for being anxious to cell Is to be
found only in their want Of avsaoe funds To secure
these they have been induced their Foods
at sghy redused prices; but this action not 10
slted they desired that it should Hence they are
bsssming uneasy their pecuniary difficulties in
erase and to release themselves from this
anxiety is thought that they will have recourse TO Vie
pubhe kaesroom. By doing they avoid serious
beginning Of the Yet 1t Is gratifying to know
that all prudent operators who have entered into
purely speculative engagements without Oily consider
ing their position and the prospects Of the trade th.
winter, feel themselves easy and comfortable in
son Of supplies which they ready and prof .a5y
dispose Of being as such mainly posed Of
ard goods for which market is at all times
- be found, and this too, satisfactory conditions
Ihh feature glad to be able to state Is Quiz
fully developed a. the less attractive one before d.
hpned and Tor this still have confidence Il,
TIE future OF the business. Brown shectiacs
and shirtngs are moderately active and steady price
slough the least desirable kinds slightly favor buye
There is doing in blcachea goods which are gere
saly drm Cotton jeans freely offered a. they
are needed hence they command fun prices, Denim.
and drills unchanged. Duck Is moro sought after
and ut slight rise in value. The demand Is good for
Gmghams, and only worry moderate for awns at forme,
quotations 0snaburgs are becoming more abundant
and be had in large lots at rather lower figures
Ne inquiry is, however, tame one Printing cloth
re IN moderate supply and request st previous ra.cs
Psints but splIingy dealt in at prices which ar,
generally deemed low by manufacturers who calculated
apss iveier business and higher range Of quotations
fsr the commencement Of the This would seem
- be q rather uDpromisug beginning. Stripes and
nshs are more inquired for and steady in value
NJ - -. 49,.
hence Of cotton goods during eight months TO datc Of
1853 1854. Decrease Increase.
Ja.uary, PACKAGES. 1875 2eo 1905 =
February, -. 4T0o 7s3 lolI -
March, 80. 1888 ASA ol2t
April g 49,. 1884 $500 ao5s =
May, 80. LEO 6,l2l 4o6i
June, 49,. Ass 100 25k3 =
Jaly, 80. 3S4 1915 o3,
Augsstto 5th" 80. 10 ~