The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-23

Y; New Yos OssrAs Ras.oaA. X; sns. 4: New Hsva
ana Hartford. q nauhgaa southern, DID, Vi 40 preferred,
Q; esasss, I'M 0sAssa ssd uAtcs9o, ~; Obsuago end
,ck Island, !: resnsssss 81 advanced r per ssus
A ths second bossd sun lower prices ruls6, end aas-
ssoas were priscipsaI IN small lois Virginia 60 fall o.
IL psr cent Paaiao sssamship Company, I; Hud
son River Railroad, y; Kf4e, y; Reading, y; Missouri
SAFE 6'sund Seane0ss en- closed without change. The
naskst, whole. y vsry Get, end u very likely 70 DO
murh more 20 before tho Ass q many days There y,
we believe, but ore house In the street, q any prounsnoa
oppoairs the upward movement In prices Al The small
artillery the bull ode. niiny away. appears, TO
no purpose. The UcAs bear house Of william street,
which hes been suocefuI FOR moahs past stands ws
believe, solitary a,d Alone, opposed 70 any tnaanon In
prices o. any speculative movement OF any kind,
and the course sf the market Is . proof Of shei-
foresight and ayaaty. The bsar who descrisd'
the old rAnn Q few weeks anoe and hecoms
bulls. have suffered some end been shorn Of .
portion OF shsr previous galns- This shows pretty con-
ousvs thai thsre are among Ne members Of the Stock
ExchaDge net mere than three -four houses n the most
whose operations are sased upos any principle Of finance,
whoss governed ~ Ne os moderate amcust
Of common sensa Two o. ihree houses In VIE ssces
came 70 the ccnoiussoa many months saee, from their
knowledge q Mo men who managed most Of incorpo
rasd companies md Asr mode Il nnanderng, that
o. lsses lhsre w~s b b grand universal smash
smosg lhem, and IN Doa a them would onmLly IN
nsunos hsr ows saakyupcy end become publicly Pre-.
tested Upon Ms basis thsy operated FOR fAn, and
although their moss oxravSgant oaio aons have been
rsanEsa shsy sse in Ne quosaons now ousrsas repre-
sentaHoua Or vSius "a much greater than the nuan
cAI condition or shs different companies juhiaes
The bulls undertook 70 stem the downward current
end upoa receiving sooesous from the opposition made
strcng movemss: FOR n lpnAu, "a. did NOT, however
amount 70 much, but resulted In loading down some par
lies with lot Of railroad socks 81 high prices, which they
will md very dnouit 70 ga nd or Tho sook market 10
gradually settling bsok again and should 10, bs
psed 70 40 prices rule again d io~ points haze
been reported any uns thh yea.
a. Niooay viii hold special sale Of stooSs and bonds
70 morrow, Friday n half pas, Il O'Clock q The Merchants
Exchange,
a. H. Muller viii hold special sale ., NE sAns time
and place. q which 10 VII ox iovy ssD.aad dollars Of
81. Louis county, yssous sssaa.
1nere some AIx Ax:css the banks about extending
~s.cuh 10 produce Dealers ~ 70 give al the Acu0'
rosube for marketing the eapps. AL The promises q oo'
psnk.ss institutions ere made 10 Srsak f,.ts |, a,
unAuim'y q feeling soaf 'asm, and u eur op.usa TIA
there viii Ds no srpansoa, uaxi af,ss resalgpxos
spese pay mems Tue banks Afraid Of each oh e.
hey dare mol rss each oahsr In inauguraang Iuy nsv
pole and this dstruas compe them 10 keep on the IV
Ede ana hat side Just 10 contraction This Is veil
euoush 70 certain extent - The edect 10 or coaserya
tive character and tends keep oil STRAIGHT but In this
instance prevents . movement calculated 70 operate
advaniag eousiy to the community u large and 10 The
benefit OF the bAnu themselves We have az ~
general thing, any sit In bark promises asd therefore
do MOI look for any sxpsnaon OF leans The banks dare
NOT resume spsce psynso,s erosa in body. An ea,rs
~kt k~~ -tth
or two Of The strongest 1t would moi be dihsa matter
for sSsu 10 sustan thenssvss for specie Obtained
in any quantity ., . nominal premism n the banks
would 90 into NE mayke. when necessary, and bay what
specie they might require 10 mast the esmaas
the difficulty would be ape resunpIos snab.
lshed. fhs Bank OF France has bees doing This for
years. and hes cAsred Frasos thus fAy through period
OF specutucn Equal TO anything OF the kind yei
this side or The Arsutc. banks had d,us
tbs should havs been ~ this time well over The
wont or The revuls,ou
meeting Of the stock and bon ihosde~s Of shs Dsis
ware, LA0hawAaa and wcsisrn Railroad Company WAS
held last evening u Clinton Hall, 70 hear lhe report Of
tue special committee appointed mature plan for 70
nsvng the endorsements Of the company. rhe report
provides that the stockholders and bondbodsrs under
the nrs and second mortgage shall esch Subscribe
cancel portion OF their stock and coupons and the spe
ciai and sene creditors tks their pay income
bonds Of the company payable years. and In NOES
paysbs d lcag dates. Tue report, which vas quite
lengthy and carefully prepared adopted large
mitce appointed procure the requrc subscriptions
before November IS and quite namesr Of ssa,smea sub
scyibed before leaving the ball Great conndcn:s wss
expressed The ultimate proaabeness OF the enterprise
II relieved OF the aoaung dsbt-much or which
o;eraivcs In Pennsyivania who Suffering for Of
iker pay.
me notes or The Hevars, N J., bsnss q ave doiars
and upwards redeemed u par 10 his.caiy, - FOL
ow;-
Newark Ranking Company by herchAan' Back
state Banh, by MaEhatlss Company.
hecbaoios Bank, BY Mechanics Bank
Neesrk CITY Bank, By CouineniL Bank.
mo house Of T1shan, Kirkusm a Co., Of Phlsds'phis,
odsr to give notes ., and IA months In sxtsasos Of
their pfsssst obligations
II win doubt have been observed iha, darss NE
lac depressing panic the only stocks which have main
sined their price win any degree Of strength have been
those Of tho various city rsrosds rhore several vsvy
good for this Tho capitals ~ gensya hing
not excessive the roads arc ani,hsd, lmsedisssy
under the eye Of the community The tide Of travel flows
from the upper 10 the lower part OF hs ny, ands sa
and these rosds mus mot only continue 70 be The main
medium Of rsvo but passengers mast naturally continue
10 increase Daring The past two Year, 20 have ssd
cason TO pass over the second rad more hAs
any Of tina CsAeu, and have been particularly svues
with the change thu, good management can oiscl We
have Obtained statement o. the business Of the company
FOR nr months ending SON sepssmba ss,, -hiA ss
sive-
srcoSp Ayuts naLRoaD CosrNsy
Rer'eJm Apr Is o., l,s R,a.tng F1Tea1s, ne,
Fsros Tor April. slleoi % oonds Drvs. t3I1ts %
Nay. 2lss y Egployes ssss 2s,5t 81