The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-11-27
FINANCIAL AND COMMERCIAL.
M ON e Y M A II * e T.

There was an active market at the opening Of the rst
board this morning, but Wednesdays prices not
sustained throughout. Canton Company advanced la
per cent Edgeworth, Vi Erie Income Bonds ii Hudson
Railroad, q. Harlem declined z cent; Reading
Railroad II stenington, u; Florence and Keyport u;
Cumberland Coal Company, u; Norris Canal 4; MA
Trust, 4. At the second board the market more
buoy with considerable activity Nicaragua Transit
Company advanced 4 per cent; Pennsylvania Coal
Company, III Parker Coal Company, 1; Canton Com
pa.y, ri Dsupbin II; Hudson Railroad. zs Eric Rail-
road x Erie Railroad in demand at the close at
the advsnce We notice to day sales Of Phenix Mining
Company at IL H. the first which have taken place
for several weeks Cumberland Cea Company continues
very much neglected It would be good policy for this
company to give a fall comprehensive report Of its
operations present position and prospects So many
have been circulated regarding it's finances
its contracts &C. that it Is due to the public to make
official exhibit Of the oompany's affairs Nicaragua ap
pears to be very feversh state 1t fuctuates from
day to day from half to per cent We understand
that the company about publishing the opinions Of
nent counsel in opposition to that given by Daniel Lord
The opinion Of lawyer however eminent is not worth
Lawyers generally give just such opinion is
wanted any subject and there has been SO much Of
this humbug practsed within the past few years that
the public confidence in the opinion Of the most
eminent lawyer th. any other part Of the country
An opinion the Court Of Appeals is the only legal
decision worth straw Alawyer's opinion is good deal
like master mssons Or master builders opinion. Any
thing can be proved by professions. of all classes It
would be much better for the Nicaragua Company to
quietly on and attend to the legitimate business Of
transporting passengers the Ithmus and pay
tention to the opinion Of any lawyer 1t will be time
enough to resort to legal proceedings when their rgh
and privileges invaded There Is very little doubt
but they will have trouble and difficulty enough With the
of Nicaragua before the lapse Of many weeks
and would be better to their Paxhan guns for
that emergency 1t Is impression that Cary Improve
stock will get tumble before holders generally are
aware of It, The advance has in the first place been too
rapid and In the second place 1t Is not worth near what
it is selling At At present prices 1t is bubble which
has been inflated by clique Of sharp spectators
The receipts the Office Of the Assistant Treasurer Of
this port to day, amounted to $6s,2H So payments,
SEQ SIC I6-balance, S., $50 O56 IS.
The Merchants Bank has declared semi annual dvi-
dend Of 70 per cent. The Howard Insurance Company
dividend Of twelve per cent.
Mint certificates to No. 100 payable at the United
States Mint, Philadelphia.
The importaons into this port today Nov. &C. have
been as follows
Coffee, I674 bags cocoa, $50 bags drugs Il casks
cream tartar IS jugs setzerwaer cases phosphorus
dry goods $50 packages per Geo. Cannng fruit "a quarter
packages piu ms "a boxes almonds 2 500 pounds figs
600 oranges honey, terces, barrels hides 317l
lead 933 pounds oakum, $50 bales OIL 90 baskets
olive 34s casks seal oil segars, cases sugar, 29t0
sacks 1S4 hogihesds spelter, sl5e plates wood soS
bundles willow, 1856 pieces rosewood wine, 22o pipes IL
halves LOLA quarters $40 octaves 5 fths 10 tenths
The Lehgh Navigation Company has given notice that
its past due six per cent loans the terms Of which have
not been agreed to be extended will be paid the LIST
December which day the interest thereon will
Those hsders Who prefer to extend, upon the condition
hitherto promulgated, will be allowed to do SO at
time previous.
The Albany convention in favor Of the construction
direct road from Albany to Montreal by connecting
the Albany Northern with the Platsburg and Montrea
Railroad, adjourned Wednesday evening. The inita
tory measures the formation Of company for the pur
pose were taken
meeting was also held in Albany Tuesday, in favo
Of the construction Of the Lake Shore Railroad from
whitehall to Plattsburg Hon. j. Burnett OF Tconde
rosa presided assisted by w. w. Cook Of whitehall an
George W. Golf, Of Morsh, Vice. President. josef
| Potter, Of whitehall, appointed Secretary.
committee was appointed to procure subscriptions
construct railroad from point in the village
Whitehall to Plsttsburg near the west shore Q
Lake Champaign from persons residing upon the route
the proposed road.
At the recent election, Shelby county, Illinois, by
vote Of SOL to 66 resolved to take stock in the TER
Hautc aud Alton Railroad, to the amount Of $4,000
previous election the vote against the loan. Cole
county has also voted to increase her subscription for
$4,000 to Geo. and TO advance the rate Of interest
her bonds from six 10 seven per cent per snnum.
The Baltimore Argus states that than Eve hun
dred thousand dollars Of the Maryland State debt ha
been paid OF within the present fsca year. As the deb
thus diminishes the surplus revenue will increase AM
next year It Ia said that with the ratio Of
nearly $4,000 can be paid up on the State debt thu
demonstrating that the present rate Of taxation will n
Ave six years pay of the entire taxable portion
Of the debt aud permit the repeal OF all State taxes
The St. Louis Republican has the following respec TIM
the Indiana and Illinois banks
Banks under this organization are multiplying In th
region with startling rapidity rhimb,e rigging
ciefs issuers OF certificates checks or call them whs
you viii are eyinciDe wonderful energy In disseminating
Their pretty rpmses 10 psy, and requires but btt'