The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-08-28
FINANCIAL AND CONNER CiAL
MON Ely MA II * Il Il.


There was avery Irregular market a the Grs board TO-
day faIs amount Of huenc transacted In ell the
leading rslross stocks ard the operations pruc
paly for caah Pennsylvania Goal Co. advanced per cent?
New York Central 2; Michigan Ceasrsl, q Michigan
Southern old, Cleveland Coiambgs and Cincinnati Rail
road j. Cleveland and Pnburs, Cleveland and Toledo,
NJ Miuaukie and Miss.sspp, /; Ia Crosse and Miwau-
siol Missouri ca declined 4 per cent; Erie, II; Illinois
Central Railroad, \. After the bcai the whole make'
lower. Erie cold st 10 por cent New York Central,
"a Reading OF. We have new failures TO report
amonE tho brokers but the contrary, the resump-
lion or ons who failed yesterday Mr.. Jacob LILO
made his apps tae board this morning, and
sun ed his seat. All his contracts 60 tho sanc ~
though there had been no interruption. There were
failures today among the mercantile olAsses. A
German importing house in Beaver street Is nam
ed; alto . large house In state street, engaged
IL the shippins tu,ness and California trade. There
considerable orcitemon In the street to-day IN
relation TO The pressing payments OF The Erie Railroad
Company. The in.ercst due the let OF September,
amounting TO sbou; $4,000 present likely 10 rcasu
uurad There meeting OF bank presidents 10 day
take the matter into consideration, bdt understand
concerted movement made 70 relieve the railroad
company. The total payments OF lhia railroad COMPANY
fer Se2enber amount 10 about hrce-gua Of million
Of DOLLARS and there no, the ars dollar In treasury
'oray Il. There II, therefore, extreme danger Of the
company being protested on 10 interest payment Baoh
state OF ,hinis dreamed OF six months ago By
there be, acluair Tod with the finances Of
10 . collapse nuth soonor than At that lime
anticipated, but over ana ovor again predicted pro-
c,soy such result 1t was, In our option, merely mat
Ter Of time.
Alter The adjourameni OF The board Tho following lss
OF bonds and stocks were made at suction by A. H.
NicoiAy,-
Al cao Iprction P,iirosd Cnrunanv Ia int aiiod 81
sOoo cleveland ard Toiedo Rilsoae ia. do. ask
10000 Cleveland and PneburE RalrcSl rs do. 10
200 Gslcra aad Chicago RR. lat mtg s's do. 81
300 In Cfcsse rlraukie RX farm mtg. do. az
o,poo Racine and Mississippi kaibosd.... no.. co
~ .hr sa1S q
20 Farmers ana Cazens Bark Of Long Island. -
2; Una Fire I99,s s Gs
20 Fuerucn's Fire Insurance Company l5oaibl
Ii Broadway Fire Insurance Company ..lz3S
The proceedings Of to-day In tie courts Ia relation 10 Mr.
Jen Thonpson and Aiso in relascS 70 The OHIO La end
Trust Company, viii be oand 81 icrga unicr M sppro
triaie head, In another column
mo As,ir,sn, Treasurer report, today a iolows-
Total receipts sis8 sh 90
Total pay msnu. 49, -
Total balance. "
Al the steona board the market vas lover. In somo
stocks the decl ne was to an impor ant exent Ms
souri, es feb or pcr cont; Ponns Fvsnia Coal Company.
ax; E;ie, ~; Nos York Central Rcsonz, az; csvo-
land and Pr sbure, u; Michigan southern, q There wm
sale this aernoou Of Ohio life and Trust Company ca
ii ~ per cent This ,ss ssi sale since thu failure Of
Thai concern the gres charge In prices Tor al the lead
ing ralroas sicc The second beard, with The
nrs shows that utterly impossible 70 patch up tue df
ncucs or dssuise the fact Thai financial Affairs generally
arc In o very bal ami very dangerous condition The
failure OF . few rock brokers 10 In reality OF Itself mat
ter OF very little consequence, but vhen We oog the
causes producing thee failures ind d0cues OF The
most vital importance The decrease In the market value
Of the leading railroad stocks ring 70 csuscs and In
nuences too ctep 10 be easily removed, and cannot
be removed without going through The usual process Of
liquidation and contraction. The entirc community
inyoyed and the reyuson must extend 10 the commercial
a. well 90 the specializing glasses.
We understand that tho Nccnancs' Banking Awociaios
WA 10 tight place the Clearing House today. lie 80
oour, was short s2oo 600, which, amer consultation
rAsses through for the safely. The ssnstsnco from
the other tanks put 10 the shape OF temporary loans
me American Exchange Bank threw out this aferuoon
sfer O'clock The notes Of the SAckex Hsrbor Bank, Of
| Buffalo. This a old Safety Fund bank.
The Ontario Bank OF Usics, Ia In some nsw difficulty
IN Mace OF putneus This the bank which tad largely
advanced 10 tho Bsrk River Railroad company, and
| embarrassed ie~ vccks since By that connection.
The money brokers were called eely 70 day for
sold In exchange FOR country bank biis Ia estmdei
tbst tho payment OF geld 10 dag In this way full half
| . million Of dollars.
The rumor alluded 10 yesterday regarding the Hanover
Bann had not We learn the slightest foundation Ia the
exoemen, Of The moment was impossible 10 tell wsa.