The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-17
PROGRESS OF THE PANIC.
Meetings Of Merchants In Boston, Sy-
FacuSe and Detroit.
>o~o~rSo1Nov~~0ooONNo~n1-o~
Speec ch Of Ex-Speaker Banks ON
the Crisis.
~No>>noNNnNnnl>ne~.>o0
NATHAN APPLETON on THE NEW YORK BANKS.
-1~~oS~~0~Ny>oo-s<--~-a~-01
Eject Of the Panic on New Churches, New
Private Residences and the Pawnbrokers.
~N~~o.~oy~-1,e~~o>-e-o---~.-,
BANK SUSPENSIONS THROUGHOUT THE COUNTRY.
sNo~oo~oooo~-N1s~~-c-e--,1~
Heavy Business Of the Telegraph
Lines.
--~o~Uo~No.>o-Nn<NeIN-~--y~~
Influence Of the Metropolis Over the
Union,
DC. &c. DC,
AFFAIRS IN WALL STREET.


TEE CONDITION OF TIN BANKS AT TnH CLRsEINa
HOUSE..
New York has within few weeks reazed the rpy and
downs Of Me- Tor some time pas. everything has been
tumbEg down ss fearful rae, but for he ast day
everything has been going up In greater ratio
aocks dry goods and-aiAsi for the poor --proysonr.
The arrival In This city OF million and . haN OF
geld by ths Northern Light Thursdsy night well
the favorable condition represented by the banks at the
financial asirs snd scemcd yesterday Judging from ap-
ptxsnces in Wall street, TO eaiIon sudden
than the recent depression. How such ,mpusive
vcu'ion may be index Of permanent relief time cnly
tell Certain ID that the spirits of the atty
have gone mp rapidly - the stock market
Al the Clearing Borre yeeterdsy the banks paid up their
balances we'll and everything ven. smoothly. Az
stated yesterday likely 70 occur, ie bills Of tho we'll
Seouysd Sste banks we're taken in psymeu, " balances
and to very large amount Certificates Of State bills
posited ~ tho Metropolitan presented freely probably
not lees than million Of dosxI OF that currency having
been received.
The Grocers' Bank msde ap ,ncauon for admission
amember Of tho Clearing House. me application viii be
considered to-day, with every probability OF soooess
10 statement In yesterdsys HERALD Of those banks
not represented 10 the Clearing Houe. inadvertently
mentioned the Cl.lzens' This was error which sro
should hsvc seeu tho East River Bank, which ssn re
msns out Of the Clearing Hynse.
Dhoouns on un,uneni money remain - uni,exdy ~
ever Buying and selling the paper Of al banks OF
2atc a mere matter OF specuAion and most likely viii
continue to be 70 for some tiue 10 come.
must not be forgotten, IN sudden elasou that the
revulsion just Instantaneous 1887. rne stock.
went up In the very same way Jet commercial pros parity
aid not follow quito 10 fast ~ pie expected though
the Improvement was ~ n Did Commensurate Win
Then hsd California soli to A back
upon. II 10 better net 10 DO too sansuire Just ret
healthy ccndiion o. tho financial constitution win be A.
rived At In good time, hut the oouvaescence mus be A
dual in o,der 70 be complete
ADDITIONAL.
rhe effects OF increased supply Of currency md cont
6sncc vas ss further manifested yesterday In nearly all
departments cs trade, with increased activity In sAnsao
tons. We hoard Of su improved movsnes Of protuoo
from The oourry for tie siy ard c sspmcrs Of xroee
riss snd olnsr gosts hnnsrto checked fr e counIry
Flour ssan advanced asoul 10 10 ID cca,s psr barrel
wheat fren to cents per brshei and oorn from n
cent? per pu,nsi sogas also TIMER ~iss saeu o:
about coo khds. 7fero nonsrued 70 be good export
demand for breads,us r iher sh amenls ot wnch we're
rlade o. E.esdy rates Of freight
One sank yesterday rcoeived from two sssIgnees ~
spccio By ;se Norhoru Light $50 co., and c,nea we're
sAId TO have gained deposits from the same ycaseI.
Ia consequences or ihs fact wisa he return OF ne lie
pcsis previously Withdrawn, several OF bo wall arees
bspkl enabled yesterday TO sr loans sai
TO dSoo5ni nero FUZZY than wss expscted.
The American EIchapge Bank received sis,,c 600 IN
Goli by the Northern Light, ~hicn with oissr rsceips
|. stated enabled u 10 increase s oaus 70 sboat
sSto COO
rte MerchSrr' Bank gained upscis sso, and s s.A
dIoouned spout ali the pager sne cd cus,o ners OF.
fofed.