The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-07-05
FINANCIAL AND COMMERCIAL.

SUNDAY, July Up. u.

SUNDAY, July 80 r. u.
The week which hes just ended has been OF the
very duest among the many dull weeks Of this d-eary
year. There WAS when II opened faint prospect Of
revival Of activity in the stock Market through the tan
denotes OF projected settlement between the Erie
Central That hope DID not hst long. soon dis
covered tbs. there intention TO settle anything
and hAt for the present the cuthroas rivalry would
tnue This efectualy took away the last pretext for
stock movement and the market fell back 10 lis old
points, without the least evidence Of desire specuAs
any sie Towards the cloae Of The week many prom
nent Wall street LEFT the city; this again tended
increase the dspirng duluess Hence that part OF the
financial world which soonest gives evidence Of revvias
visor has made no sign.
Much money has been paid during the week, In the
shape Of dividends much indeed that, not ..hstAad
ing the general stagnston business the Clearing aoase
balances were never large on Friday. Worry few
defaults have been made. One two towns Counties
and rsoa behindhsnd but their friends place re-
lance on their promise to pay At an early date. This
loose habit Of allowing interest day to pass over and pay
ing coupons thirty sxty DAYS terwArd cannot be
severely repYehended; and Is much 10 be regretted
that there ID not awsuch as was recommended by the
President and the Secretary Of the Treasury last Decem
berto compel the managers of every company either
pay their debts at maturity 10 put the into
hands of receivers.
An agent Of the general has been here dur
ing the week. apparently for the purpose OF ascsrtnsg
from the merchants what amount Of trade may be expect
ed ths fall 1t readily be understood that the prosa
BILE amount Of receipts from customs duties subject Of
much anxious thought st Washington; without at least
partial revival there great to fear that the
loans authorized by Congress will fail carry the gov
eminent through honorably. Accordingly, seems the
principal merchants have been vifted by Official from
the Treasury Department who sought ascertain
he soud, how much more or less they would impor:
this year than last II lie understood that he led TO
conclude that the fall trade at this port this tall would not
exceed two thirds of the amount Of average fall trade
and this notwithstanding the falling Off o. eighty millions
In mportations since the nrst Of January last Tbs
fact the people Of the United States have net got
the shock Of last year. and will not do 90 yet The mer
chants who broke last year. and who have since resum
ed-hke those who did not break, but lost al their
substance in saving themselves-a,e In no hurry
70 run any fresh risks. Among this class Of
men Q trader who makes any operation at
all at the present time 10 considered doomed man.
He ID ss good ruined Nor 10 there any reason 10
imagine that this view will be speedily corrected Men
remember financial commissions long time Indeed u
may be sad that merchant takes part 10 two such
dsastcr BE retains such vivid recollection Of the Hrs
that he risks being hurt By the second This is he
feeling Of the mercantile classes II present. Is ths
which prompts them 10 avoid the tempting bait OF
try bare Of goods this which deprving the general
government Of large portion Of its II Is
70 look for recovery yet Mercantile affairs will no,
TIL race Of men have taken the plaso Of
those who we're hurt last yen-men who, never having
felt rsvulson, do not dread il For the present, and
indeed throughout the administration Of Mr.. BachsnAn
the prospecs is that commercial matters will ooptiaue
dull.
The close Of the fsca year has set the dry goods trade
work TO make up their usual statistical tables rbs
ststefoerts;-
VALUE OF Dry GocIS WAREHousED, WIrHpRAwN E,oN
WAREHOUSE, &c, ToR Kac1I MoSu IN TIE PAST YKAE
Hfhdro Ir,lsS Of Er.sa