The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-10-20
VVNMERCIAL AFFAIRS
MON EY ARK EFT.


TUESDAY, Oot. 19-6P.M.
TIE arrival OF the steamship Crescent City from Hava-
ma had very favorable effect upon the stock markes
and raised the spirits OF holders TO high point At the
first board improvement in nearly every fancy on the
list realized, and the transactions larger than
have noticed for days From the cash
purchases should judge that the bears were buying in
Of their shorts. North American Trust went up
three per cent in anticip patton it is said of decision
some week Most Of this stock is in the hands
ofawysrs who have purchased largely in expectation Of
compromise being ultimately made between the stock
holders and bondholders Nicaragua Transit was in de
mand at better prices and the sales principally for
cash. It advanced u per cent. Erie Railroad ad-
vsnced q per cent Harlem, al Stonington, u. There
wore sales of Ulster Mining stock to day, at ten
PEI cent Recent discoveries in the mines Of this compa
NY have made its stock sought for in the market ct
Handsome advance The company have just receive l
from the superintendent Of the mines mag nfcent
specimens Of copper They certainly the finest
we have Large quantities of this and the lead
Of the company will be brought to market via the
Delaware and Hudson before the close Of naYga
tios. There is doubt but that the discovery is
regular vein in its supply and Of great pug
rtY The stock must rapidly improve in market value,
in view Of these prospects Very little is offering and
enc is anxious to sell at the advance The declins
in Stoningtsn and Norwich attributed entirely to the
contest going between the two companies relative to
travel the Sound The great reduction in fare and
the spirited competition carried must materially
duce their receipts and profits New Jersey Zinc has been
quiet for some time past The transfer books
slsssd and election for officers for another year
about being held We understand important changes
will be made IN the direction In the meantime should
like to the report which has been long preparing
At the second board the market was quite buoysnt,
but tia stock Offering vas limited. Nicaragua advanced
u per cent; Cumberland Coal, u; Erie Railroad. u.
There sales OF Florence and Keyport at either
board TO day 1t was offered at twenty eight per cent
without finding buyers. few days since it sold 1t fifty
two There apparently plenty Of buyers at fifty
but feels disposed to touch it a. twenty eight
We learn that company has lately been formed in
Brooklyn for the manufacture Of white zinc paint from
the imported zinc metal 1t stated that better quail
ty Of psnt be manufactured from the metal chanr
than in any other way. The mpany have a smaller
capital than other zinc companies in this vicinity and
there ia very little doubt it will be profitable
The receipts the ofcs of the Assistant Treasurer Of
this port to- day amounted to s1S5,S34 OIL payments
SOS so7 eT-balance, So 3.s,7s4 03.
The demand for foreign exchange for remittance by
the stesmAhip Asia for Liverpool, to morrow WED
nsasy has boon quite active and rates have been well
sustained We quote bills on London at 1O4 10 u per
csat premium; Paris ST. 13a& ST. l2lI; Amsterdam
al 414 Bremen, a7s3s; Hamburg sex a6ss. The
steamer viii take out nearly half million of specie
About that amount has already been engaged
The Potomac Savings Bank of Washington D. c.. has
suspended payment We de not know the extent Of its
'>bnities the value of its assets. bank under
tie Of the Bank of Columbia - is about comm sncing
in Washington. The small note law will inter-
'iy with banking operations in that imme-
The merchants of Portsmouth Va, have
,~ '.''., Ill, after the 1st of November refuse
pat;,-, & Z
to take all notes Of a h.. -, ..,S ~
the notes Of North Carolina - -. -. a.. a. -.
from this time, pay out any ,t.o,wsss;.r,a,
North Carolina notes The good b.. -,,-..s. IL
have ceased issuing notes Of less denss
Eve dollars
the secretary of the Isse gives notice to the sode,,
y ,"s. .Anu .ariAA~ that they will be filed in :ss
F IN but that scrip can be issued
sulations be prescribed, until the neces-
vi2gS-' Snan NV. 0sen ~ -. s.".-.
autorizlnx the Governor that State to execute the
act OF rnquishnent required by the second section of
the act Of Cengress The Governor under present cir
cumstances do feel himself authorized to execute
the act without further legislation.
The balance Of the Boston City Water Loan, amount
NJ to about f2Oo 900 sterling has been negotiated I'M
der the direction Of the Committee OF Finance oil the
Ctr Council with Msesrs Barring Brothers Go at four
90 - 20 'eA
~. c..--a p,.sshnrr abroad has been relaid
e 80 -, !, o.on.a a. . fov as,s for
travel The guage conforms with that of the New York
~ nie .oN1 ..or. a.. no-, 20
INC os' -, IL. - T,,r.a.r w..
es.a,.r =. ~ ~. .r,i.as .,,;nnaa Nov. 10 oos
soooL.,1s--.,. :, a., ksn h.,r.,. os ,no,,
o.,aa.s.,. !, -, 900 hush.,s ., corn and ! asa
mas Oh topacco