The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-08-27
ANClAL. AND CONNER ClAl
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HOUNY M Ar K EFT.
le+ SATURDAY, August 2o-S p. ]

A SATURDAY, August 26-8P n
70 was another general decline In quotations +,
stocks TO- day. In the three leading railroad
Erie Reading and Central, thsrs WAS oonsidera
tivity, but the transactions were principally or
At the 6rst board, Erie Income bonds fell OF Z
Pit; Illinois Central, X; Canton, Co. n; Nicaragus
(, n; New York Central Railroad, Y; Erie Railroad
arien, n; Nishigan Central Railroad, u; Michigan
pm, 3. Cumberland Coal and Nicaragua Transi,
tsady at yesterdays closing prices. Erie Convert
nds were sustained to-day at the improvement Of
day, but large amounts were sold.
10 second board, the market was somewhat better
hilreaA advanced per cant; Cumberland, Is; Con-
Hilroad, n; Erie, 1871, /.
ppson's Bank Note Reporter says
lshigan, the Peninsular Bank and the Government
Bank are on the free bank principle, and their
srnont, the south Royalton Bank and the Bank Of
on arc free banks, and are, we think, also amply
Bank Of Cssthsgs, N; r, h wsll secured. The
III - worth 80 to 90 cents on the dollar.
circular Il Mr.. Isaac o. Davis, Of Cincinnati. for
~ ending Wednesday evening, August ~, 1864,
10 following financial information:-
ave no material change to note in the money mar
eur last report except slghtly increased strin.
consequent on : continued want of Confidence
disturbed state OF our currency. Tho issues of
iass free banks. Of less denominations than S5
refused By our bankers and brokers, except ct {
t Of . per cent, thus causing great inconve.
70 the mercantile community.
bankers have made arrangements to meet tho
nsnt: o. the new bank law, which goes into OPP
October LIST, pronmo, by classifying the foreign
less denominations than 80, thus -
Class-Ths remote Indiana free banks, received
prox.
"a Class-The Virginia banks, received till 18th
C'ass-An Indiana free banks, refused after
d Clsss-An foreign issues, refused after LIST
rec banks Of Indiana are about making arrange
redeem their issues, either in this city or at In
Us. Such contamination would benefit them
committee has been appointed by the bankers
city to attend meeting At Indianapolis, for per-
khis end.
stock market No have to note an entire stagns-
business, induced by tho present state OF the
Market "a a
uots rates Of interest for arst class business
per cent Per month. Less known commercial
lbout 3 per cont, while railroad securities can
be negotiated at any rate 81 interest.
sequence of the continued and unparalleled strin-
the money market, our transactions In the
and sale Of stocks have been limited. We look,
for more favorable change soon, and hope to
etter account. The following transactions have
aoe since our last report
Ne Covington Lexington Railroad Stock, at SOC.
Cincinnati Indianapolis r. K Stock, at SOC.
Central Indiana r r. Stock, at $50, 90 days.
20 layton, XeDia Belpre R r. Company 10 per
cent LIST Mortgage Bonds, at $50.
res Mad River Lake Erie X r. Stock, at &c.,
90 days
Ohio Mississippi R. r. Stock, at 75c. 4 months.
Cincinnati, Wilmington b GAINESVILLE r. r. Stock,
at Sec. 60 days.
New Albany + salem R.R. Stock, at 800.
% Second Mortgage Maysvlle Lexington R.R.
Company Bonds, at loo.