The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-08-19
FINANCIAL AND COMMERCIAL.
HONEY MARK EFT.
FRIDAY, August 16--6 p. \

r
Prices stn decline and stocks become more and moro
sAsssabls Erie reached Az eet the boards rly
ING afterwards to Az. Central fen to 90% The bulls
AAss hat the action OF the Railroad Convention which
udstsod to have decided increasing all fares twenty
pr cent and running fewer trsns to curaii
penses viii infuse vitality into these aud other
Bsroad securities This opinion Is not shared by the
bsara who constitute majority IN the street and
10 WHOLE the Indications before 70 confirm the
views Of the latter party. The failure OF OF the most
sssponsbc end-rsers OF tho Erie paper, which
ouSced yesterday, In not Uley 10 stsng hen the tome
q tho stock Similar accidents happening to tro
sher cndorters would alarm the BANKERS gho reommo
aAteA the company, and would aggeerass ss on ma
tGially soMe Of the fancss iCeroTea Nicaragua 10
proved n and Reading H. Cumberland lie steady at 29s<
Cleveland and Toledo fell Of u.
The in GOLD attracting much attention.
- million Of Almontss money has already csied
Sor, and WI eventually snd It's way 20 E-t ms
steamer OF tomorrow had about three Q-,rt,rs Of
ilhoD engaged st day On many sides synptoms
81 crisis mSy be noticed.
The tcr.ntous cloud which Ia rupposed to han,
he market begins, Ia feared, TO show sigIs Of
speedy explosion; and among the prn apA for
hs apprcs ching ais.ress the general withdrawal
sonAdsAse from railroad sscurss tbs present iposs
fihty Of negotiating any bonds 10 Europs substitute
Scr foreign sianoes In soecis and last although not
We leasS lpsTtdent In precipieNng the % ming diM
sally il the notorious and lauentabe fact tho- ere
drought has already produced in.aleulab'e ,1nt
81 distress throughout tho entire range OF county,
Ne have Nus want Of crrdt' and con6dcnso serious
spprthsr.on rather certainty Of large exports OF
specie and in the agr:ufisl sune1.pgs Of The 4ary
- Dstitire absence o. aSy reliance the Of
ne rural districts These are therefore po1.e which,
WHEN Judiciously weighed, must Slgs rise & most
appalling reflections and consiusions wo To- 10 Tho
future With alarm and dstsust and In expressing
views, hope that the effect will be tl.na it
sus to be- the introduction OF very careful contrac
tscn, Indicative of prenontory s.ringency on the
pat Of our banking institution in order to gu the
selves from becoming the greatest depsndants the
posiic confidence which under present crs ascss
h strongly marked With an entire want g. \. j and
boysncy.
The receipts In the sub treasury not oaly large
but constantly tho Increase sho wing - he most
yeI,atie tia. Imports lust be nrcs4ivsiy
heavy--s fact fay established BY the aox
bbg made al auction, II these sacracei socoant
Of own merchants, the result must prove ,ao.t
happy, II may lead 70 gseat mescantls troil 5it
c,hes wische tales being made accoant of fc-siyn
nAsuae the consequence is iaeEitasle thu
there mos. be large demand FOR bills and s?e,is for
Aiitsncs, We have domestic produce 70 export.
ihe Reading Railroad has pn ohsaet anoshcr splendid
rspsEt, In the old style. The fgnres are follows
yrNght for sevsp months up 10 aoth June
hist, on efs,2 tons, the actual amount