The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-10-24
FINANCIAL AND COMMERCIAL.


TUESDAY, Oct. 23-SPM.
The panic yesterday nothing compared with that
realized to-day. AL the fame es fell OF this morning
largely Erie was brought in great force notwith
ttandpg the depression The rich, powerful combna-
ion WAS not strong enough to carry such dead weight
Erie, and wisely abandoned the project after fair
rial However long headed and shrewd these operators
nay be in their individual capacity, merchants, &c.
they have not exhibited much ssgaciy stock specula
ors, and their losses must be immense The sales OF
rie at the FIRST board to-day up than i've thou
land shares Reading the next most active stock In
he list and fell OF considerably. Cumberland Canton
iArlem and Hudson River all down, and closed
heavy. Western railroad stocks not freely offered
II the decline Galena and Chicago was firm at 49, In
he face Of al the panic depression this stock held
ground When is considered that its capital OF as
shares is divided among than 900 holders it
Readiness Is most surprising Such distribution il
araleed in any other incorporated company in the land
At the first board to-day Missouri 8s declined per
lent; Hiaois Central bonds TX Delaware and Hudson
|; Pennsylvania Coal, "; Canton Company, u; Cum
Feriand, "; Erie Railroad *; Harlem 2; Reading
Railroad, 1a; Hudson River Railroad, q Michigan
fouthern, Ia; Cleveland and Toledo, 2; Chicago and
book Island, n; Michigan Central, X. New York Cen
raj freely offered at 90 per cent and found buyers
principally for delivery contracts At the second
PooI0 Vac molA0s, Va snc WAAocp va A0"SA Sseu
weak and depressed. Cleveland and Toledo fell Of y
Der cent Chicago and Rock Island, Nicaragua Tran
it, u; New York Central closed heavy at 20 per cent
enty Of stock offered at that agure There wore
|rre asles this afternoon particularly Of Reading. We
han have the steamer along in day two with
DECKS later intelligence There is not the slightest
undation for supposng that her advices will be other
ss than Of the most gloomy, depressing character
|ven worse than that received by the Atlantic We
ban not be surprised at anything from London and
aris relative TO financial affairs In all human proba-
|iaty there has been panic In Paris, attended with
desperate consequences. revulsion may be fol-
lived BY revolution that would spread throughout
Europe anarchy in its most horrible phases II is many
|ears since European steamer looked for with
|,uch anxiety as the due at Halifax. The
,spense will we hope, be relieved within the forty
ght hours.
The Cunard steamer from Boston for Liverpool tomor
|,w Wednesday, will take out hundred and fifty
lousand dollars in gold Upwards Of halfa million went
IA from this city to-day and the balance will be made up
Boston Next week have three steamers from this
ort for Europe, and if the from Europe in the
Meantime is such as anticipate the shipments Of gold
ON this soe within the next ten days viii be full two
ions of dollars. 1t will matter very little what rates
lie for exchanges. Ne have known large exports OF
Decie with sterling exchange at per cent, and have
o doubt shall see II again.