The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-04-23
COMMERCIAL AFFAIR."


n9Hsts THvasDAv, April 22-8 r. n.
large business transacted day railroad bonds
and prices at the close were better than At the openns
Erie Converbes opened at and closed at o. Fancy
stocks were not buoyan but notice about the usual
activity At the first board Norwich and Worcester de-
clned = per cent Stonington, ii Reading Railroad u;
Harlem, "a; Canton Co., u; N. J. Zinc, u; Erie In
come e Harlem Elk. bonds advanced 4 per cent; Nor
rs Canal, =; Phenix Mining Co., y, cash, and Y on
time There appeared to be anxiety among holders to
sell at this advance There active demand for Nj
caragua Transit but transactions Asking prices were
considerably above those current yesterday We notice
small sale Of Panama Railroad stock at an advance
cont on last sales There very little doubt but that
the stock representing the different companies having
works connecting the Atlantic with the Pacific ocean viii
ultimately command handsome premiums and prove pro-
ductye At the second board the market was
rather quiet Phoenix Mining Company sold at prices cur
rent in the morning. Erie Railroad at yesterday prices
there having been transactions the first board Can
ton Co. declined y per cent Portsmouth, a. Virginia
skies sold this afternoon at advance of per cent
The receipts at the Office of the Assistant Treasurer Of
this port to-day amounted to or payments $780,
81 5o-bal ance, So, 296 go &c.
loan for the State of Georgia for S525 600 coupon
bonds redeemable in twenty years. bearing per cent
was negotiated yesterday by Richard Schel at prcmi
UNI Of five per cent The loan taken by Jacob Little
4. w. Clark, Dodge Co.. A. Belmont, G.. b. Lamar
President of the Bank of the Republic and G. w. Law.
renee President Of the Bank Of the State of New York
We have no doubt these bonds will soon be sold at
handsome advance, to European capitalists.
During the late month Of March, the total change at
the mint and branches was-in god 1902 in silver
57106 and in "copper" $4,000 u.s. The number of pieces
coined was-gOld 4sO,o7o silver, 1,15o,eOo copper
2S9975-total number Of pieces, l,ssO,254.
The Merchants Insurance Company of Boston, have
declared semi annual dividend Of fifteen per cent pay
able on demand
The Springfield Fire and Marine Insurance Company
have declared sem-annual dividend of IA per cent
Notwithstanding the great reshct in the Susquehanna
river no damage has been done to the susquehanna
canal. The river falling and danger was appre
hended The tax heretofore imposed by the Canal Com
mssioners of Pennsylvania boats passing from the
State canal into the Susquehanna canal has been re-
duced e-haf-that is from three dollars to one dollar
and half per boat.
There probabyis better security investment than
the stock issued by any city in the Union the improve
ment of its thoroughfres ofts institutions and
Development of its local resources The personal
property Of the corporation responsible the pay
ment of the principal Of such loans direct taxes
as required for the prompt payment of the interest
be easily levied Taxes property located in cities
City loans therefore preferable others and are
more easily and favoraby negotiated The city of
Chicago has just negotiated loan with Duncan Sherman
Co. for two hundred and fifty thousand dollars, for
which coupon bonds, bearing six per cent interest will
be issued-the principal reimbursable in twenty five
years The Legislature by special act granted the city
the privilege Of issuing these bonds for the purpose of
supplying the city with proper works
can be constructed the people Of Chicago will what
they have long felt the want Ola full supply Of pure
water The prosperity Of the city win be better ensured
by the construction Of extensive water works the dan
ger Of fire will be diminished and both public and pri-
vate property preserved.
In 1857, the valuation Of real estate in Chicago was
S236s42 In 1851, the valuation of real estate was
$6s042G2 personal estate, S175S455-toal, Ss562717
In 1870 the population Of Chicago 4479 In 1850
was 2s26e The increase is likely to continue nearly
OF the same rate The rapid extension Of railroads and
other works of internal Improvement in illinois, all Of
which centre at Chicago must make the growth
city great during the next twenty years has been
realized during the past twenty According the report
of the Finance Committee Of the Corporation the ag-
gregate liabilities of the city Of Chicago the 10th Of
November 1851 amounted to 26s H. Total assets
comprising cash, real estate, wharng lots and priv
leges &C.. &C., amounted to s279525 14-showing an
Of assets Liabilities of sl47256 49, The real
mensey valuable The construction Of the Great Central
Illinois Railroad, terminating Lake Michigan at
Chicago, must bring into active all the wharfing
lots and privileges Of the city and make Chicago the
centre of enormous traffic.
The lower house of the Legislature Of Maryland has
passed act prohibiting the circulation of notes of
less denomination than FIVE dollars with an amendment
allowing the banks and incorporated institutions of the
State to issue such notes until the LIST day Of March,
1858.
The Chesapeake and Ohio Canal is in good navigable
order the entire length Of the line The receipts from
tolls the canal this year. will it is calculated amount
to full two hundred thousand dollars.
The annexed statement exhibits the receipts Of the
Western and Atlantic Railroad, during the month Of
March, 1852 -
WESTERN ATLANTIC RAILROAD.
Up freight from Georgia Railroad. .... $Il 3g7 81
Down do. ACKNOWLEDGEMENTS. 10O9S Oh
Up do. from Macon and Western Railroad 2419 IL
Down do. do................. 5O32 Is
Local do on Western and Atlantic Railroad. 40S7 9S
s33o35 os
from passengers. ACKNOWLEDGEMENTS. 9198 So
From mails nn