The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-08-14
M ON EY IARKET.

FRIDAY, august LOO Il. ID.
There considerable activity in the stock market
this morning and quotations generally higher than
those current at the close yesterday There was an &C.
tive demand for all the leading railroad stocks but the
purchases we're principally time buyers option At
the FIRST board Erie Bonds 1858 advanced per cent;
Canton Co., "A Farmer Loan 2; Florence and Kcyport
y; Michigan Central and Michigan Southern Railroad
u each; Long Island u; Norwich and Worcester, x:
Hudson Railroad. al stonington u; Erie Railroad, 4;
Harlem, y; Ulster Mining Co a This is lead mining
company, in Eenvie Ulster county this State which
is aid to have rich vein Of ORE avoraby located
that 1t can be most prof,ably worked st. Lawrence
Mining Co. advanced to day per cent. For some time
past this stock has been pacve but In consequence Of
several Of the latest from the mines having been
very favorable, there has been inquiry for the
stock. At the first board. Delaware and Hudson de.
clined Z Per cent; Reading Railroad, a. Nicaragua
Transit opened at decline Of "a, and closed
at decline of IL per cent This looks like
movement for special object, which undoubtedly
is to depress the stock, to increase the supplies Of
certain parties The return Of the Commissioners and
Engineer of the Nicaragua Canal Company from Eu.
rope has probably given rise the operation The de-
tails Of the arrangement made with English capitalists
viii not anspire until after the next meeting Of the ca
nal board but learn that they Of the most salts
factory character There is doubt but that the work
will be commenced Immediately and progress with the
greatest rspidy.
At the second board the market throughout was ex.
ceedngly buoysnt New Jersey Zinc in very great
demand the sales amounting nearly three thousand
shares at advance of 4 per from the opening Me
caragua advanced per cent and very little stock Offer
ing; St. Lawrence Mining Company d per cent? Stoning-
ton, "a; Harlem, "a; Erie Railroad, ri Norwich and
Worcester "a Morris Canal III. At the close the tenden.
cy Of prices upward
II appears from report we have that the mines
Of Lake Superior do not contain the richest veins cop
per in the country BY any company about
being organized TO work very rich vein Of copper
Gently discovered by old and experienced Cornwall
miner in Carroll county. Maryland within thirty miea
Of Baltimore. A. p Hasey cashier of the Bank of Now
York, win be President The already taken ran
ges from twenty four to thrytwo per cent
lie said to be inexhausfible
The receipts a the office Of the Assistant Treasurer Of
this port, to-day, amounted to $3.50 l6S IA payments
S46474 04--balance. SO 1203I9 co
The President Of the Hills borough Cincinnati Rail-
road Company, James Triablc, says -
"Arang. mens having b, en- mace In Cincinnati and
along The line for increase of crptions
pal stock Of the cincinnati and Hllsborough road to
$500 GOO the bonds If the which have adycr-
sed for days past to be bid for withdrawn
for cancemsnt and the mortgage made secure them
will be opnuil,d rhv entire road Is be immediately
put undor contract from Hlsboeough which point it
Is already in operation 70 the and iron region in
Ninon county and will be pu he'd vigorously TO compile
tNu ~ some future new bonds Will be- issued
cured by first and only mortgage the whole road AT
miles for sufficient sum- with 100000 to complete and
equip the line
The stuyvesant Insurance Company have declared a
sem-annua dividend of five per cent The Fort Plain
Bank five per cent.
The Milwaukee and Mississippi Railroad earned s441s
20 in July 1852 against s27S5 70 for the month in
1851 Increase 81 1888 03.
The constitution recently adopted by the Louisa
convention, at Baton Rouge, contains the following
provisions -
Art 1872 Corporations with banking discounting
privileges be either created by special acts formed
under general laws but the IL gslature shall In both
cases provide for the registry Of all bs or notes issued
or put in circulation ~ money, ana thah require ample
security for The redemption 81 the same In specie
Art 1913 The Legislature shall have no power to pass
any law senconng in any manner directly or Indirectly
the suspension Of specie payments by any person.
caionor corporation issuing bauk notes OF any descrp
ton.
Art 1874 In case Of insolvency Of any bank banking
association the bholders thereof shall be entitled
preference in payment all other creditors of such
bank association
The following resolution passed the convention by vote
of 1903 yeas to Nays
Resolved That when the Legislature shall contract
debt to not ding 800 900 except In
of TO repe invasion suppress nsurrecion SHALL
in the law creating the debt provide the means for pay
mcnt OF the current interest and the principal wnen ~
shall become aud the law shall be irrcpcalable until
principal and interest are paid
by comparative statement Of the imports, EXPORTS
and transit Of merchandise in Holland during the FIRST
six months Of 1862 published In the STATS Coan Ia
shown that the quantity Of raw cotton imported in that
period nearly double that imported In the Same period
Of 1851 Cotton yarn, also, shows an ncreas Of fully
third the value Of iron imported has been increased
by nearly aorins the quantity Of sugar By
Is 100000 lbs coffee 100000 lbs. rice, 100000 lbs
leaf tobacco 100000 lbs and TIM BY 1000 900 lbs In
the exports there has been increase Of 100 norns
value upon IRON 100000 lbs upon cotton 100000
lbs upon Coffee 600 600 lbs upon sundry Manufactured
goods 100000 lbs upon rico, 5000 lbs upon sugar,
600 600 lbs upon leaf tobacco and 1000 900 Ibs upon
pos,op pans