The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-10-31
FINANCIAL AND COMMERCIAL
MON EY MARK EFT.

TUESDAY, Oct. 80 l.. NJ
The stock market at the morning board emphati
cally Hat. There indsposton TO operate both
Sides Notwithstanding the apparent advantage of the
operators for decline. The generality of securities
offered at lower prices and mostly sold for cash
short time. The impression is general in view Of the
uncertainty Of the future that the safer course is
curail liabilities and wait for settled state Of
things in Europe. When Liverpool merchant
fails, the whole United States trembes,' says
Mr. Champion. If this be true, should 1t be mat
Of surprise that the expectation of the failure
the Rank Of France should make us shaker We re-
gard the chances for such event sght-stl there
thousands who look upon il probable Tina. such
men should streuble" and BE anxious 10 get rid of
portion Of their stocks, and should infect thousand.
Of others with the feeling is to be wondered at
At home all ia well Money is easily enough stained
for all healthy purposes Exchange Is down, and
going down. Over million and a half Of gold
arrived this evening from California T. replenish &c
vaults of the banks and quiet the fears Of their cash
iers Our produce Is going out Of the country in i'm
quantities, al high pricesall contributing to
make rich and strong but all countebalanced for the
moment by the uncertainty OF the European moneyed
future. We know not what steamer any day may brias
forth and wise men under such circumstances deca I
prudent 20 wait.
The variations at the morning board were foows
Reading declined la per cent, Nantcn Ia; Pan1ma,
Chicago and Rock Island, IA Gaiena and Chicago ;
Michigan Southern, Ia; Cumberland Coal, u; Michigan
Central "a; Harlem, " Erie, a. Illinois Central Rail-
road bonds u; New York Central six per cen. bonds
IL, and New York Central seven PER cent bonds y.
At the afternooa board there little more cont.
dence shown, and sight rally took place. Erie aud
Reading each each advanced, the former q and the
latter l. New York Central closed ut about SLY.
The growing scarcity the article Of arevood becom
ing considerable interest in this State The emo
consumption by railroads added to the ordinary and
necessary consumption by families, the total proiuc
ton Of the article at accessible points within this state
and the recent demand for export have within the past
few years. rapidly diminished the stock aud largely aa
vanced the price. Ordinary hard wood shipped last
summer from Sodus Bay TO Chicago, and paid
handsome profit We have seen letter Just re.
ceved from the same point, stating that Canadians
from Toronto had swept the docks odus Ray Of all the
wood cut at ~ 80 per cord and offered contract for
several thousand cords nj the price. The same
Mind Of wood at the point In 1859 difficult Of
ne at 81 per cord Most people have supposed that
when our wood lots cut of, Canada or the West
could from their intermnabe foreste by way Of the
lakes supply 70 any extent IT traing advance The
necessity nov appears TO be precisely the There
"a less wood In the state Of Wisconsin than within the
same area In any country Of Europe.
The operations at the Assistant Treasures Office were
n fbIiows:-