The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-12-05
FINANCIAL AND CONNER GAL.
n ON EY M A n X Il +.

u W.
The stock market was much depressed at the open.
ing this morning 80 far rs prices were concerned.
There was little more activity than usual, and the
transactions principally for cash. At the first
board Tennessee Gs declined \ per cent; Missouri
G's, l; Virginia 6's. |; Illinois Central bonds, |;
Chicago and Rock Island 3; Cumberland. q New
York Central Railroad, & Michigan Southern, old
II; do. preferred, IL; Reading, "A; Calcna and
Chicago, -; Cleveland and Toledo, II; In Crosse
and Milwaukee, !. Metropolitan Bank advanced
per cent; Panama Railroad, |. Eric Railroad opened
at is per cent, hut closed heavy nj III per cent
being decline of the closing prices of yester'
day. There was dull, heavy feeling all through
the operations Of the board and ono In tho street
appeared TO feel any confidence in the present In.
1ated stock market. Prices are sustained only by
great efforts the part of the clique Of bulls. and
they sec that. In spite Of all their exertions,
the market may any day give way under
them and leave the large holders high and dry.
There are no buyers Of railroad stocks beyond the
few bulls alluded 10. They have loads Of stock
hypothecaed, and loads coming in on contract. The
corner has not operated at all TO their satisfaction
aud they dare not call npon the shorts for delivery.
At the second board the depression in prices was
still greater end more general Missouri State Gs
ell off per cent, Tennessee SIS 4; Erie Railroad 4
Ia Crosse and Milwaukee. !; Mr'cte Southern, old.
1: Galcna and Cilicpvo, '. = rd .r5 T'e,a
New York c,at0l P,ie.ta I'r a.r ..aH
tea,. with = l,d a.s v.t 8ltrt >Hr.
ST.. a...-.nr a,sea- .or .t N ar 0u ra
tpyuato~ ios U-t Ell, Ht te "t.t tea .r lsEe
u,b cauttsCt gba .et. n ...Esa. u 0tt
.tIu. lu1 Will tar nHt0a -tet. H.
street h. attrac, a.. n.oi,..a tNa, Ell est.
hensive that the mark, ,.l. r.t.... .nH r.p. t..u
led down with fancy sccurlu, .ru.
The Assistant Treasurer reports ty. FOL
lows
T lai receipts. s72s2o y
payments ...+............s......... l.9s9s- ~
" balance. 39oA ,248 ~
The receipts to-day include $4,000 from customs.
The exchanges at the Bank Clearing House this
morning were l205s esq 90. and the balances paid
$3.50 ,sa5 80. The hanks are using more gold daily
in tho settlement Of balances.
Paul Spofiord. Esq., has resigned the Office Of Pre-
siden' ~ the Bank Of the Commonwealth, and
Edward Haight Esq, late Vice President, has
ccivcd the appointment Of President. Mr.. Sponord
retains his position as a member Of the Board Of
Directors.
The coupons due on the y, of November on the
outstanding first MORTGAGE bonds Of The "a Crosse
and Milwaukee Railroad Company viii be paid NJ the
Broadway Bank on All after the 10th inst
The steamship Atlantic. from thi port for Liver
pool tomorrow Saturday viii take out upwards
of one million Of dollars ia specie. The Africa, from
this port on Wednesday next. viii take cut large
sum, probably million and half of dollars. Ster
ling exchange for the packet tomorrow closed NJ q
"a premium, but The demand il moderate There
is great dstrust Of bills, and only one drawer com
mands full rates. The numerous failures which have
occurred In London connected with tho exchange
business make rcmittcrs cautious and in most in
stances they send gold in preference to any bill.
sixty day bin of exchange cannot be made
available in the London money market excep,
at high rates OF interest, whereas gold
is available at once. Under existing circumstances
gold is decidedly the best for remittances, and we
may look for large shipments by every packet. The
Bank Of England Is not likely to be in a condition to
discount exchange. The fact that II had to loan 40
largely 10 the Anglo-American and other private
banking houses Of London upon doubtful securities.
Or possibly upon no security at oil, must force that