The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-10-15
FINANCIAL AND COMMERCIAL.
NOM Y MARK 4 IT.

TrEsply, Oct Ia P. "a.
There q small psrc in the stock market this morn
Ing The transactions very large, and there
great rush get rid OF all kinds Most Of the
for short account, and but FOR the
rard from that much lower prices would 1ndoocs
edy have eetn touched. As i the decline to sorse
e.esi, Illinois Central bonds fell OF = per cent pc
ware and Hudson, !. Canton Company, - New York
Central Railroad, X Eric, Reading = Michigan Cen
trail, q; Michigan southern, - Illinois central. X Geve
land and Toledo, X; Chicago and Rock Island * There
small ox Of n Crosse ami Milwaukee Illroao
sock scd this morning at 81 sax per cent This shock
Is scarce and holders not disposed 10 sell anything
Ike prices Moss Of the stock Is IN the hsDs OF
parties who have purchased for investment ana TIC pro
babihy Is that par would bring ont much. The gran,
Of land just made by the legislature. 10 about
and quarter mil ION Of acres Of which
ted In the very heart ~ Tie Wisconsin the
route between Lake Michigan and the Mississippi river
The company have ten years TO baid the upper part
the road from s. Crox 70 Superior City the lands
be taxed until actually located by settlers The company
to pAy but four pr cent the gross earnings that
part OF the road beyond Portage City, 10 the S,ac lou Of
eli taxes This is much better than the Illinois Central
That company pay the state per ceut tho gross
earnings in neu Of The opening Of books Of the
Erie Railroad Company TO appears 70 have given
an impetus TO sellers and certainly the pro,Pcc, dec
dedly good M lower prices There saaguino opera
tors In Wall street have the doubt In thor
minds that Ire will tall back 50 por cent before
the present strpgency IN tho money market Tho
large holders mus. dsgorge, and u would be rresi
Lief for them 10 do 90 but they afraid 70 put much
stock the market In the face Of financial panic
both sdes Of the Atlantic hTequres great deal o.
10 carry stocks, and will require pretty long purse
70 foot the bill IN tho end II me financial pressure
the other side continues sixty days logger snail
at the end Of that time stocks TN this market from three
70 i've per cent below current rates Ere, Reading,
New York Central, and all others cannot be sustaneo
the Continent 10 per cent The financial pressure
greater now throughout saroi. than Al any tmo
during tho Russian war, ard " looks very much ~
though Il bad Just commenced. The Bank q Eng
land viii be compelled 10 make another advances so az 70
Of specie payments by the Bank Of France 10 tilked
Of but u viii only be the last alternative.
Amer TIE adjournment Of the board ihe following sales
Of stocks and bonds made 81 auction by : Ora
per
1900 pcs, Isokavana and western RR Int added so
l sSSS E T,Ts am. I Goa e. :. %
90 sbsros Delaware IacNawAnna Western m. .....5s
20 90 Lackawsnna and Bloomsbury RR. co ......o
GO Great Western R.R. Co.......,............e
~ DO Pacific Mail steamship co......,...,.....eCS
~ 90 fhbams X X Co., ..,.s...ss..s.s......sHS
Al the second board the market WAS moro depressed
than in the morning Illinois bonds iel OF Y per cent;
New York centraiR X. Y; Eric r; Michigan Southern
x; Cleveland Toledo n; Ch.ago Rock LAND a.
There was no sale or Ia Crosse Milwaukee at The board
this Afternoon but privately the stock sod ., ~ pr cent
buy cr 90 days. There were many more buyers than
sellers. The tendency downward Al The close, and
stocks were freely onerod. New York Central n ~ was
oacrci al san; Erie 5efl; Cleveland Toledo Tsk.
The Steamship Africa, from this port FER Lvcepco
tomorrow Wednesday viii take ont between $500 900
and 81, 900, 900, In spccie.
The Assistant Treasurer reports The operations this
week as follows
7btai Rscespx. 7cioi Pdymsnn. Fsoi Boldncs.
hcuday.. SECS, 252 90 sl3,4JT % fl3,mooA ~
Tue sday it9o5s % l07, sot eo< 1854 s33 90
Tho warrants entered Of the Treasury Department,
Washington, on the lIth inst, wore
For the edmpuos Of stocks. 20 70
or the Treasury Department. ASH ~
or The Interior Department. p,3It 90
war warrants received and entered. 80. Tisss o.
War repay warrants received and entered.. 1407 40
From miscellaneous sources .............. 2css ~
Tn account Of the navy................s.. B,4lt Is
Tie receipts Of the Pennsylvania Railroad for lbe
month OF September vcrc. ,,......,....s4ibolp %
sumo month last ear.,,.,,,,,t,,,,.,,.,, st0ls2 50
Decrcafe,. s2i,232 IS
Receipts from Jan. 4 1885, to Oct l. 1850 o2s 81
a rne period last yca....,..,........ 2,eo5,TS9 90
The decrease In the month Of September s 70 be attn
buted 10 the continued low stage or water In The Ohio
river and the want OF south railroad connections
ny the arrival Of the steamsh Persia At hs port from
Liverpool we have adyces from all parts OF nrope N