The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-08-26
r FINANCIAL AND CONNER GAL.
Nj q N e. IA Al X K II.
"WEDNESDAY August 25-

WEDNESDAY, August 25-G IN.
The telegraph from Halifax gave US this morning
the leading points Of the European news by the
Canada, from Liverpool on the l4tb her mails will
be here tomorrow night. She brings no change in
prices either of money, stocks merchandise; but
o general dulness, and tendency TO decline. Money
was more abundant, though the bank had lost sl02
600. Consols were still a6l 96' for money, with
tendency TO rule at the lower figure American
stocks were doll, without change In prices. One of
the circulars says that railway shares were higher;
the lists Of prices current hardly justify the remark.
Owing TO continued fine weather and Improvement
in the crops breadstufs were dull and some quail
ties shade lower: cotton, from an over abundant
supply, was in the same condition. Altogether the
picture is precisely what we see at hone-intense
dulness, cheap money aud commercial siaynation.
Some little inquiry is being made in rtain circles
In reference 20 the extent TO which the Atlantic tes
graph is being worked Il is known that no mes
saves are being transmitted for the public or the
press; but II seems from the published alluson in
Mr.. Lampsons message to Mr.. Field, received yes
teIday that the directors are using il successfully
Some Of these suspicious persons, who ere ever on
the alert for mares nest are asking whether quo.
taiions Of consols cotton breadstufs and merchan-
disc are being sent the cable, and whether any
spoculations arc being made here by the fortunate
recipients OF such exclusive intelligence 10 might
perhaps, be worth while TO silence these cayils by
brief statement OF the facts-or, which would be
still better line two Of daily intelligence from
England for the public.
II was anticipated in certain quarters that stocks
would feel this morning the reviying influence
Of the preliminary bargain entered into yester.
day between representatives OF the Central and Erie
railroads. The expectation was not realized. Though
before the board there was a show of activity end
higher prices talked about, when the brokers met
in the Exchange the excitement soon cooled down.
With the exception Of Erie and Central, stocks were
generally dull The Western railway shares we're
generally lower and neglected. The accounts OF the
decline IN their business enough TO oounteract
any ephemera stimulus should the present state of
things continue even lower prices must lie expected
In Erie and Central, as usually happens on emer.
genciee like tho present, the bears were the only
buyers, and the most experienced among the bulls
the sellers. None Of the commission brokers report
any orders 10 buy from outside; the public IT seems
win wait little longer 10 see what comes Of this
the tenth bargain and covenant between the Erie
and Central, before they purchase either. As com.
pared with yesterdays price, Central rose before
the board this morning but lost the advance before
the close Of the second call There was no pres-
sure Of sellers contracts; the bears seemingly
expecting to be able to put them ont at better
prices Erie, in like manner was al arst
1 better, but soon fell back to its former price.
As for the Western railroads, Galena vas lover;
Rock Island, 4; Toledo, 4; Michigan southern. !;
Illinois Central, D; Michigan Central sas steady; |
Milwaukee and Mississippi was ! PER cent better, !
md IA Crosse T. Reading, under the inf ,cnoe If |
lie Genital enthusiasm, opened at 81 .yht adviaco
20 yeatoidays closing price; but sold, before the
Hose Of the 0sard, at gclgo tie lowest quotations.