The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-26

movements
inevitable.
tho sd- ices fram Amsc. iel.grspasd 70 London this
orr!ng are kol worue than sad been vucipased tncy
show, hcwevev that although early esouni may DO
possible, TIE .schsf haus aow been so eaten
os mot 10 -a1ni,e the lapse " many osAs TOR Ar cone
York il ss: Ap arenty ,so ySse Of from 81 70 80 psr
cent the choicest and from 90 70 70
per cent 70, he secondary dssorpton: A such H,s n%s
orc itan nominal; but u appear that although for
ther heavy reducton had aksn place hsrs was partial
tho dsrust had certainly incscased, and few
dAye' pause under suoh crcumstsr ces uuay pro misses
Of specis shorsh tho hso been called upon for Is 60
Sppes 10 support their correspond nts 10 the neri,
and apo.her arrival fro California vas nearly due A
the ricck ring previous week had received ad
dion nf f27o, 900, and all thss might arrive would
be retained, n is evidens bst notaing snor' or
who)ly unexp sctsd deveopdmens Of mis- manage
meut or fraud or sudden Of rrsrio terror
likely carry ths orisis beyond h present vont the
by con serted ,esolutou Ia bed 10 have had
anticipated effect Of relieving the prevailing asusons
In thar city and Throughout dary Ian ana IL
opted At Philadelphia snd thar The sAte g'slaturs o.
Penny ivspe has be<n convened TO legs's, h fuu-
periods Of ranic p they TIA. they are sn po
sion 10 meet euery coan' suspend at once and not 10 al
!oo the selfish people rho are ne prs,oers Of a: calamity
among all Hence tbe prerens oluto
ssiisfscton although il IL plain from tue way In
which the Ne York atooc hei ground, that
tbs ty for could have ted only gr Ms
mis- snanssement wil moreover, have tue good eject
OF oscsDs to 10 to those points vnefe suspension
The mpresicn that year nust elspse before the Pna
delphs and Baltimore banks Will ce In . condition
specie payments ell most likely be fully out;
but uneis the esatures their oective ss.es should
commh the fsut o. allowing them extend issues
during The period Of inconverhily, this circumstance
need not necemary create much oss annoyance With
regard 10 tho further effect ~hch the panic viii prodaoe
In Europe u y still 10 be aoped that The enor.
nous Inconvenience experienced from
ceipt OF rcm,tanocs viii no be aggravated by
bullion In Nge sums being absolutely Withdrawn
Was expec'ed 10 bring sloO,o0o, IL .s p,e.umed from
Yrsnos but ths uncertainties the duration Of tho
pspic are likely 10 limit any speculative shipments from
Eoglsnd. Although appears sha' some produce bills
have been sold d New York 10 0o the proct on
their pu,chase was doubtless considered nos than
houses that might be found be npromsed by me
failure of American cor,espondents Ts chief da9sr Of
additional purcha,es Of scari:ies iDach capitalists
Adue been tempted TO make az presea prixs fall
ECU equal 70 o. aSou. bout y, "a per quarter 10 whoa. had
four TO Liverpool, hut the urfavoIable ia.e OF OK.
change operated greatly n counteract the apparent
adssnsge 10 be real the priocs aur siarkets
rery eary amogs btertd 10 haze fon on LYONS and
PARIS here u Itdyes Aoncaeasr, Bradford aud Glas
gow uin suffer considerably From the lister plsce
serous OF embai 10 reported this afternoon
The Harseiiles letters mention tho fnre Of the mer
camille firm OF NJ Netsm Sola but Il II not thousht 70 be
or . very exsensi7e character.
Tho following abstract or the railway Intelligence
OF tno wees The w rks upon the Weliand Railway
which, rur nirs Along the ado OF the canal or
name, intended 10 connect In Erie with Lake Oatario
are making rapid progress, sno may be flashed by she
opening Of the nsvssicn. All meeting OF sne Great Wea
Canada the dvi'end declared was ct tho rate OF
per cent por mo fhpg Off In the traffic was
attributed to the reaction cSuscd by Tho partial fsooatnu
OF the outlay OF English capital In Canada, also
ne general dYuessioa C business IN AyssTica me Ar-
rarsertni FUR tte repay meat az the loan
roc eco vas apprcvod sso toe loan of ftBo 900
mortgage, to nomplelo the De.Tos and Nlwaakie line
II stated thai 90 per cent Of the stock tie enure
Of the bonds ned In AnslRud
The railway market hss heea nai and In several des
cripicns. Iuch Grest Western, Sheffield, London and
North eesiern uih Essicrn, and IAncAsht,e York
ahre rrthcr declnc has taken plsoe CA1xdisn dcs
criptrns fast-r and idersbie fall pacc
In Great Western or CaraeA; Batfs'o and LAIe Huron
East Indian and Great locan Peninsula Also lover
In American securities tho any business In nln In
Central she,es, which soded the bonds owever were
YAtbe- better. In sceSneous securities reducton Of
fb occdrreu ..s-Sfi,sh Aussricas Isa,-
from the Jo' don Cnrc nioe, ool Il