The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-08-23

FINANCIAL AND CONNER CIAL.
MON EY MARKET.

WEDNESDAY, Aug. &c p. M.
The stock market continues without animation.
The variations in quotations arc merely nominal and
the transactions OF limited character. There ii no
speculation abroad, and prices are sustained entire
~ by the ability ofholders. The fancies are with
the greatest difficulty maintained, and some. not.
withstanding the Efforts Of holders, arc gradually
settling down. Amidst the speculative excitement
several weeks since prices for some OF the Western
railroad stocks were run up rapidly to points i'm
measnrably beyond their actual value, and pur-
chasers at the top Of the market have been anxious
y looking for an advance what they paid, but
have so far looked in vain. II is 80 easy TO mlnu.
facturc that class Of stocks out OF the quantities OF
convertible bonds issued at reduced rates that the de-
mand has been supplied with new scrip, instead
OF absorbing the old AZ as spectators had
sufficiently inflated prices, they commenced feeding
the market and there il row aaoat Yearly double
as much stock Of certain Western railroad compa
nies as at this time lust year. There is good deal
more Of the same kind left, which will be sold n.
eighty If it will not bring ninety, and down to
points IN the neigliborhood of figures ut which con
yertblc bonds were issued.
At the second board there was quite an active
movement in Erie and it closed at an advance of /
road stocks closed firm at prices current in the
morning. The improvement Ia Erie is attributed
entirely to the prospects Of arrangement Of all
the difficulties with the Central Company. II is a
grand sale Mt current prices In the face OF the most
favorable settlement that can be made.
The steamship Pacific, at this port from Liverpool
brings scven days later intelligence from all part,
Of Europe. The commercial accounts are far from
icing OF q satisfactory character. The cotton
market was dull and depressed. There had been no
change in prices since the departure Of the previous
steamer. aud quiet, inactive feeling prevailed.
From the manufacturing districts the advices are
not favorable. Prices for manufactured goods had
receded, notwithstanding the adoption of short
time in some localities. The weather had not been
il favor Of an carly harvest bat the market for
LreaGstails was inactive and without change 10
prices. Consols remain the same ~ previously
quoted. The last returns Of the Bank OF England
compared with those for the previous week. show
an increase Of G930st3 in the public deposits; Of
fet SOC in the rest Of Gill 55 in the private
rites, and of $685. In the notes unemployed. In
the private deposits there is decrease u EGG 200
In The government securities OF CABS ,i3S; in the
notes 10 circulation Of A255yj5; and in the bullion
in both departments Of el53,G5s.
The steamship Baltic, from this port for Liver
pool today, carried ont 1905 .215 in specie This Is
jnst about the amount anticipated.
Albeit y. Nicoay's regular semi-weekly auction
saIe Of stocks and bonds viii take place tomorrow
Thursday, At ~ O'Clock, at the Merchants TX.
change, when will be Offered large variety Of
prominent securities.
The receiver Of taxes. Of THE city gives notice
that the tax books Of the present year will Ne opened