The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-10-26
FINANCIAL AND COMMERCIAL.


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The buoyancy noticed in the stock market yesterday
OF short duration. This morning the market opened
very much Depressed, and the improvement not
only lost but prices rule l,wsr than bsfor, the
cent imitation The decline to-day was general All OF
the leading faneies unfavcraby affected by some
mysterious Influence At the 6rst board Delaware and
Hudson fell of u per esnt Nicarsgua Transit y; Cum
bsrland Coal, %; Erie Railroad. Il New York Central
Railroad Y; Rarlsm. II Reading Railroad, Y; Erie In
come bonds advanced per cent being the only sscuri
~ on the HIST that shows any improvement The amount
Of sales was not large Of any stock and there were
few cash transactions In view Of the encouraging
change in the exchange market and partial cessation
Of specie shipments looked for fAvorssls
EXON to the stock market The immediate strngency
in the money market appears be to permit
any nfston in fancy stocks else connected
with financial affairs. The prospective and abun-
dance Of money has effect Of . satisfactory chN-
astsr just now. The brokers depend SO much
upon outside purchasers, that whatever restricts
the operations Of that class IL et later
Wall street. among the fancies The commercial classes
are .. this moment very much embarrassed in their
frances, and have just much a. they can stagger
along under. Some Of them have had more than they
could carry. and gave way under the burden. The
chants are Glass; heavy spectators in fancy stocks
and they great support at al times to ths market.
Being generally buyers they relieve the street Of many
heavy weighs and help the regular bull speculator to
carry out his cornerng combinations, without bepg
direct participaor We cannot expect any permanent
improvement in prices until mono is essy and abuu-
dxnt outside Of Wall street. We look for this before the
lapse Of many months Everything connected with trade
and commerce 10 contrasting Every 10 drawing In
their and reducing their business to the small
est limit Liquidation is the order Of the day, and ul
mately there must be large amount Of accumulated
idle capital selling employment, and the probability
that portion of 1t viii find is way into of the
most prominent fancy stocks of the day No ono can
complain of the prices current Of the extent
the margin for Improvement.
At tho second board there was more depressed feel
ing in the market and 10 prices ruled Cumberland
fell of q per cent; Reading Railroad a. Cleveland and
Toledo l. There large sales Of Gold ELL at per
cert
The steamship Europa from Boston for Liverpool to-
day. carried out $685. co in specie
Mr.. a. H. NcolAys regular semi weekly auction sale
Of stocks and bonds will take place tomorrow Thurs
day,) at 12h O'Clock, at the Merchantt' Exchange.
The steamship Niagara, at Halifax from Liverpool
brings three days later than the steamship Wash
ngton at this port The teegaphic advicss are not in
portan and only interesting Ia political point Of
visw They are not Of faro able character On the
whole, and do not differ mste1 ialy from those resolved
by the last steamer Quotations cotton and bread.
stufs remain the same - before reported, and tho
amount Of business transacted in the markets was but
limited Consos without alteration. Money was
exceedingly tight Nothing Of consequence doing Anne
ricsn securities
The American Exchar &c Bank hs declared semi an
nual dividend of Ave per sent.
The warrants entered at the Treasury Department,