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FINANCIAL AND COMMERCIAL. MONNY HARKET. FRIDAY, Oct. 23-6 P. M. This has been a very blue day in Wall street. So far as a a stock market is concerned we sea nothing in the 'mmediate future but depreciation and disap pointment As for speculation 11 is out of the question. The bulls have a very gloomy pr ospect, and outside holders of stocks who want money must make u) their minds to take lower prices. At the first board to-day Virginia 6's declined 2 per cent; Bank of America, 1; Cumberland Coal, %; Pacific Steamship Company, 2; New York Central Railroad, 1X: Galena and Chicago, 2½; Reading, 1; Michigan Southern old, 1%; do. proferred, 1: Para na, 136; Illinois Central Rallroad, 1; Cieveland and Pittsbarg, 2: Olevelazd and Toledo, 1; Chicago and Rock Island, 1½. Illinois Central bonds advanced 1½ per cent. fhere is no life in the market. At the record board the desline in prices was to some extent upon a very limited amount of business Nearly all the transactions were for cash. Virginia State 8'4 fall off 6 pez cent; Erie bonds, 1871, 2: Pannsy Ivania Ooal, 4; New York Central Baliroad, 3; Hudson Ratiroad, 1; Michigan Southern preferred, 1; Erie Raiload, X: Reading, 3; Panama, 3: Chicago and Rock Island, 4)6; La Orossa and Milwathie, X. Stocks are rapidly running back to the old level The apprehensions in Bancial circles regarding the course of the money market and money matters gene rally are 33 great now as at any time during the present revulsion, and the panic is as wide spread and as intense as at any previous period. The next atemmor from Earope is looked for with the greatest anxiety. She will not bring the worst by a great deal. Up to the date of her doparture they had received to Regland nothing weree than the suspect ton of the Philadelphia and Baltimore banks, and a few heavy failures among the comme cial clarzes. When the news of the suspension of the backs of the city of New York arrives in London there will beyond all doubs be a panis equal to anything realized on this side. The suspension of the Bank of England and the Bank of France are events we shall not be surprised to see reported by any steamer after that. We do not ase how they can continue specie payments in the face of ao active demand for gold for shipment to the United States We understand that a large amount"of sterling bills of exchange were returned by the Europa. Bills drawn by the Pennsylvania Bank in London were returned protected for non acceptance. they are supposed to have been mere kine for speculative pur, Bills drawn by Robb, Hal lets & Co. in London, were also returned non-necepted. The return of these bills must create a great deal of dim culty among houses here who remitted them to meet ma turing liabilities abroad. The acceptances in Loa in anticipation of remittances from this side to most the bills, have, of course, been made to on Immense amount, and as no remittances have been made since the revulsion here commerced, the position of houses in London must be ren cered very precarious. The Assistant Treasurer reports to day as follows $102,597 94 Total receipts 140,997 05 Total payments Total balance 5,910,106 52 or the receipts to day $11,000 was on account of dulles. Thetotal number of failures, officially reported sixce the 1st of August, is about nine hundred. It is estimated that the total liabilities of these suspensions will amount to full ninety million of dollars. It will boaren by this that there is plenty of food for a general Bankrupt lav. During the while of the revulsion in 1887 the number of failures re ported in this city was about five hundred; but the returns under the Bankrupt law, in 1341, showed that five thon. sand took the benefit of that act, showing liabili les amounting to about fifty million of dollars. The announcement of the suspension of Robb, Haustt & Do this moining created some surprise. This to a branch of a house of the same name in New Oricans. The Bank of James Rotb, of New Orieans, is a stock company, and, therefore, a separate concern. The house of Tallent & Wilde. of San Francisco, was founded some ears since by Mr. Robb, but 11 is, we believe, in no way connected with the houses here, except in their exchange operations, which will, vetndersiand, be preperly protected. Messrs Robb, Hallett & Do. have A branch house in Loadon, and they have done a very large foreign exchange business. A good many of their bills, is 18 reported, came back by the Europa. Mr. A. H. Nicolay will hold a special sale of bonds and stocks at the Merchanis' Exchange to morrow, Saturday, at o'clock. A general meeting of hardware merchants will be hold at the Astor House on Saturday, at 3 P. M to consider the expectency of shortening the oredit of the trade. I: is called by the executi: committee of the Hard ware Dealers' Board of Trade. The Lebanon Valley Ballroad Company has been obliged to suspend its work near Harrisborg, and fire hundred and fifty laborers are discharged from its undershed sections. The work upon he whole line of the Auburn and Allen to wn Railroad was siopped last Wednesday, owing " the suspension of Measrs. Choteau, Sandford & Co. All the workmen have been discharged. The steamship Persia, from Liverpool, 10 about due at this port, wish seven days later intelligence from Eirope. Her arrival is xiously looked for. We have no doubt the advices she will bring will be of the most unfavorable character. The full force of our financial revulsion will be known in London before her departure, and the effect will have shown Itself in the money market The difficulties
