The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-12-02
FINANCIAL AND COMMERCIAL

FRIDAY, Dec. l-6

There was pretty fair market this morning. Quota
tions were however, unsettled and the leading ncies
Huctuated both up and down. At the Grst board Erie
Income Bonds advanced per cent; Erie Railroad, II
Reading Railroad, r. Virginia 6s declined per cent;
Missouri es az; Delaware and Hudson, III Canton Co.,
n; Cumberland Coal, II New York Central Railroad,
" State stocks quite active to-day and greater
variety Of public secuptes appears to be coming upon
the market. Railroad bonds were freely offered, and
sales to extent made The three leading rail-
road stocks-New York Central Erie, and Readng-were
pretty well sustained, and cash transactions formed
more than an equal portion Of the sales. Eric and
Reading were little better, while New York Central
was little lower. The improvement In each, within
th past week. has been several per cent There
thing of Importance going at the present moment in
financial matters We look for nothing of very start
ling character from the West relative TO banking affairs,
believing that most OF the explosions for the have
taken place. Our local difficulties have become very
much moderated. During the excitement attending
frequent failures of banks and bankers within
own limits, we have nearly lost sight Of the
position Of public affairs on the other side
of the Atlantic. It has partially been for
gotten that is going in Europe which threatens
to involve every government either directly indirectly
and may perhaps lead to civil commotion Of
tended character than any yet known in Europe
We to have forgotten that in the event Of the pre-
sent continuing enormous loans must be made the
rate of taxation increased and all those evils realized
which extraordinary expenditures for extraordinary
purposes invariably produce. Thus far, domestic
troubles have occupied most Of attention. and has
only been by the adoption Of system Of and
extensions that the community has been saved from pa
mic and convulson equal to anything before known
But for the accommodations afforded to an who
barrassed should have had string of failures that
would have put all previous exhibitions Of the kind
petey in the shade We fear the evil has only been put
of The extension Of debts only relief for the mc and
general thing, results in suspension As the European
progresses it viii be felt in financial circles and
in commercial affairs and Is not at all unlikely that the
payment Of extended indebtedness may come at q
time when shall be little able to meet It at its
first maturity There BE- permanent improve
ment this side Of the Atlantic while the going
ON in Europe. That is certain.
At the second board the market was heavy and
closed with downward tendency. Virginia os fell of
TX per cent; Missouri e's, New York Central bonds,
X; Hudson Convertible bonds, "; New York Central
Railroad, Nj Erie Railroad r.; Reading Railroad, y.
There was sale Of Indiana SIS ct rs per cent.
The receipts at the Office Of the Assistant Treasurer Of
this port, to-day, amounted to $25o223 IS; payments
SOL 479 3Sbalance, $6627 1856 o. or the receipts,
$3.50 900 was q transfer from Boston. Paid for Assay
Office to-day, S2o3,14 50.
The statement Of Mr. O. p Jewett relative to his
necon with the financial operations Of the Parker Vein
Coal Company and the issue Of stock will DO found
in another column. It is BRIEF frank expose, and
places him in favorable position than the pro-
ceedngs Of the recent stockholders meeting presented
The warrants entered at the Treasury Department,
Washington, the 2sth November were follows
For the redemption Of stock. s119 951 20
For paying other treasury debts 29261 80
ror sns ; 49,. 1900 49, 10'o'i 20
For the War Depa rtme nt................,. 90 SO
For the Interior Department. $40 O2
There were rumors in the street this afternoon Of
another extensive bank defalcaton. The amount
mored was 5000, 000 and it reported that bank,
not far from the Custom House, the victim. We
have doubt that every effort will be made to hush
Il up; but It must come out later. The
mors created quite excitement change. Public
confidence in these institutions must soon be much
weakened. They not entitled TO half the credit
they receive from the community, and it would be bet
ter for every important interest OF the country
half Of the banks swept at out of existence
They have proved curse, wherever located and
shall have permanent prosperity until they rooted
out at least very much restricted in their power and
operations.
The value of merchandise, &c, imported into this
district for the month November in each Of the past
two years, annexed -