The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-05-25
coMMERc1AL AFFAIRA

MONDAY, May 2l-6

tive to day Al the hrt board bank soeks and railroad
bonds were in demand bu: the fsncies were much
neglected Prices do not vary materially from those cur.
rent a the close yesterday AT the first board Canton
Company declined per cent; New Jersey Zinc \ with
Largo saee This stock is well held is shown by the
steadness Of prices Holders it's value and are BY
no anxious to rcizethere very little stock on
the market Long Island has declined fraction within
the past few days notwithstanding the favorable report
Of receipts In I've days in May this year. increase
In income amounted to $Sa5 40 averaging more than
hundred dollars per day Morris Canal has done much
better in earnings than in market value appears by off,
ci returns that the tolls the ending May lss2
amounted to 49 81 against $685. 70 for the correspond
ing week last year-incrcase 39S 49, 1t must be borne
In mind in considering this that the canal open
throughout during week year. referred to above
Erie Harlem, Reading and Norwich have not expert
enced variation OF consequence At the second board
the market heavy, and closed with downward ten
dency. Money abundant and cheap. The prospect
certainly in favor Of greater abundance and lower
of interest before the close season. notwhstand
ing which, appears impossible 20 get up any excite
ment in the stock market Within the past two ,weeks
al the leading railroad stocks have fallen three
per cent, and look like going much lower We are not
surprised that holders should desire realize with
facilities for initiating the fancies it is somewhat
strange that the market permitted to droop in this way
at this OF the The time favorable for all
sorts Of speculatons but the public mind appears to be
averse to dealing in securities which already so much
expanded.
The receipts the office Of the Assistant Treasurer Of
this port oday amounted to S5 03o payments $40 999
A-balance, 1882 ,567 q.
There was only moderate demand, this morning, for
foreign exchange for remittance by the Boston packet
Wednesday The supply the market limited and
sales remain without alteration We quote bills on Lon
don at 10a 10h per cent premium; Paris ST. 1875
ST. Is; Amsterdam, 4o1s 4o2l; Bremen 7s4 1871;
Hamburg 36A 36a. The shipments of specie, last
wreck much larger than in the whole Of the previous
two. The aggregate s7os,sss-most of which went
out in the Europa, Wednesday last Very little will,
60 out in the steamer, on Wednesday, from Boston.
The trustees of the Bank of the United States under
the assignment to the notes and deposits Of the
bank give notice that they prepared to pay dvi-
dend on the claim established against their trust in pur-
suance of final decree the Court of Pleas of
Philadelphia county, presentation Of the proper
vouchers.
The wheat crop throughout the Western States is
spoken Of looking extremely fine the present
The winter although more than usually free from snow
has been favorable Regular rains have kept the earth
moist and the growing green and vigorous
appearance The only damage now t. apprehend is the
rust
The sale Of Lawrenceburg, Upper Mississippi Railroad
Company's Bonds, Of five hundred thousand dollars,
$45y 66Q TO-
Repairs in the Chesapeake and Ohio Canal are pro-
crossing rapidly 1t is expected that navigation will be
resumed about the middle of June and it is estimated
that the canal will be at least fifty thousand dollars
better after the recent damages repaired than
before.
company is about being formed in this city, with
capital Of 100000 divided into shares Of twenty each to
be called the New York Smelling and Refining Company
& he lcad veil gold nd
silver manufacturers Of this city and Philadelphia
About half Of the stock has already been subscribed
and we have no DOUBT. the balance will soon be taken
The following extract from reports dated May 2lst,
1862 Of the President of the Phoenix Coal Company Tai
Waters, Esq will doubt be read by the stock
holders with particular satisfaction affords evil
dence Of the early completion of the eompanys works for
bringing their coal to market of superior quality hay
ing the characteristic Of irdness very important
sideration for Cumberland coal.
Now to the facts Of prospects. The cmbankment
next the Virginia side of the Potomac is nearly done
a. to admit of being finished tomorrow. The crossties
on the embankment now being sawed for letting in
the string pieces and will be ready for laying down
Monday morning The frames for the bridges
laying the embanknent ready for being put up The
timber for the souherly pier is also ready The stakes
for said pier and it will be started
temporary Golfer dam can be settled which will
be done Monday, unless another rain should deepen
the water The timber for tres cling 9R Morrisons Island
Is cut and partially prepared and Will be ready in time
for the second bridge The load house is framed and up
and is now being shingled The resselng OF the plane
is done-he graduation Of the plane is nearly complete
and must De entirely so in day for the men have pre-
pared nearly all tie crossties and will commence laying
them down they shall finish he wide track
Mr. Sigler who has the drum and fixtures in charge.
showed part thereof anu assured that he would
be ready before the Others could be, so that delay
should be caused by him. The cross-heading in the
mine is commenced and the miners the prospects
most encouraging some large pieces Of coal have been
brought out to the front of the nine and the coal very
rich and beautiful-but. expected from this
out cropping, it is teo fabe for long transportation,
while ii is admirable for making coke. These samples
already strengthen the confidence of the miners in the
certainty of obtaining bard old coal when we get un-
der the limestone rock which about fifty yards from
their present working place"
The Dauphin and susquehannsh Conl Company have
elected the following gentlemen directors for
the ensuing year:-Thomas Chambers John + A. Sand.
ford, Henry G. stobpins, VIM, S Wctpore Richard NJ.
Batcbford Charles Ravens, Charles Danforth, Of Pat
terson N. j.; May smphries, John Tucker Of Phila-
deipha; John comedy and p Henry Sullivan, Of
Baltimore. At meeting of the Directors, Henry G.
Stebbns having declined reelection, Thomas Cham
bers Esq, of phladelphia elected President and
John =. A. Sanford, Treasurer
This change the direction Of the Dauphn board Is
calculated improve the value of the stock of this
pany places proper control the destinies Of
the Company in Pennsy lvana, where the primary in
erests Of the mpany located 1t indicates, too
the carly extension of the Dauphn Railroad to connect
with the Reading Railroad Port Clinton at Schuyi
kill Haven. The distance to either point does not ex-
coed twenty miles and thus to the Reading Rail
road vast increase Of business, and az additional aug
mentation in its income; and opens two extensive mar
kets and in fact the whole Eastern market to the pro-
duct of the Dauphn coal mines This election which
has union between the Reading and Dauphin
companies is Of the utmost importance to the Reading
and may be looked upon epoch in the history
that company.
The annexed statement exhibits the quantity and
value Of certain articles exported this port during
the week ending the pod inst inclusive distinguishing
the destination and extent Of shipments to each place
COMMERCE or I'M Pour or NV YoRR-wEEKLY EXPORTS.
Furs, pkgs.. 2 800 sco056 Us oil cases 10 s5sl
Wheat bush 10 $50 20 $50 lsipglass..,.. 20 $40
Flour bbls . 1881 81, 552 Slaves. 1000 3o5
Naval stores 27O5 1l26 NJ tobacco los 10 400 q 5l