The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-05-05
COMMERCIAL AFFAIRS


cauy went up per cent and il was the only stock
the hist that improved Canton Company declined per
cent Pbenix Coal Company, y; Erie Railroad Il, ston
ington y. All others the list, in which there were
transactions, closed at yesterdays prices There was
greater activity in railroad bonds this morning than in
fancy stocks Erie First Mortgage Bonds command a
premium nearly equal any security in the market hav-
ing fixed rate of income II is somewhat surprising that
Hudson River First Mortgage Bonds DO not command
higher prices. They safe beyond contingency, and
good reason exists why they should not approach
the market value Of Erie First Mortgage Bonds
There ominous lu to day in Reading, But one
smal lot was disposed of at the first beard IN fact,
all the fancics unaccountably depressed Yes
terday all was buoyancy and activity in Wall
s,reet-to.day Just the reverse We real
cause for this change. The large receipts Of gold
dust the favorable intelligence relative to the future
production the encouraging accounts from Europe re-
gardng the markets for great staple products must
ultimately bring expansion in prices for proper
w. considerably greater than that already realized
Speculation finds every facility for its growth and encour
sgement but does not conne itself to fancy stocks or
any single article Of trade Property Of all kinds is run
ming up Real estate stock securities probably have ad-
rapidly thus far than anything else in the
market Spectators have concentrated these things
and the imitation has been very great Other things will
along in their turn in due time The great ad-
in real estate in this city has not been general
This description Of property has not advanced in al parts
of the city alike II is only certain localities that
have been much affected and have much improved.
The infafation will however, extend not only into
every corner Of the metropolis but into every
section Of the country. Stocks may give way and
TALL back to the They not kind Of
property that is generally taken hold Of the
being regulated by a small number Of capitalists and
spectators 1t is therefore only in times when oppor
tunities for operating favoIahy other things not
exist that active business take hold Of stock securi-
ties The public mind is waking up relative to the effect
the immense accession supply precious me-
tas Capitalists and others likely be most affected by
any revolution in finances hardly know what to think Of
it. and appear contened to rest quietly aud t matters
take their The fact that upon the
Of great change. has created excitement in
financial circles and the probable operation OF the gold
movement is rapidly becoming subject Of conversation
among the commercial classes generally
Al the board the market a little better but
The transactions limited Canton Company ad-
vaneed q per cent; Hudson River Railroad q; Della
and Hudson. =; Erie Railroad. i.
The National Fire Insurance Company have declared
semannual dividend Of ten per cent. The Eagle Fire
Insurance Compapy.a dividend Of eight cent.
The receipts at the Philadelphia Office az the pha-
d,pha ana Columbia Railroad this season. up to the
first Of May, amount to sl595S0 IL against slS7o64 SIS
10 the date in 1851, showing an increase Of
s225i5 SO.
The amount Of duties on imports paid into the Custom
House Philadelphia during the first four months of
1852 sl4762o Is against 81 s97 Is for the same
time 1851. Increase this year ST. 3l3 90 in four
months,
The United states Mali Steamship Company (the
Roberts line Chagres &c.) have declared annual
dividend Of ten per cent, payble on the sth inst
The Chcmung Railroad Company have declared div
aend Of our per cent The Nashua and Lowell Railroad
Company a dividend OF four per
The demand for foreign exchange, today. has been
more moderate than anticipated. Drawers continue,
at quotations The supply Of bills on
the ket is limited. We quote on London, 10 alo4
rcr cent premium; On Paris Off Y 81 10; Amsterdam,
4oA GOA Bremen Is a 7si4 Hamburg, Sc a 2G14
The new issue Ct five hundred thousand dollars Of
funded bonds Of the New York Harlem and Albany Rail-
Company having fifteen years TO run, and bearing
interest Of per cent per annum are part
al an issue Of s13co0o0 which forms the first lien upon
the road extending from the Park in the city Of New
YORK to Dover Plains distance Of so miles sixteen Of
which i a double track The preferred stock Of this
.ompanv which Of course stands behind these bonds
commands premium in the market Of twelve per cent
These cannot be otherwise than afe investment
The buffalo Corning and New York Railroad Company
will offer at auction. in the Merchants Exchange, on
Thursday the 18th Of May, S40o000-four hundred
thousand dOilarSuf their t-st tsdrDg
interest at the of per cen; per payable
semi annually 1T the Bank Of Commerce in the city
Of New York principal redeemabe in 1867 These bonds
are mart Of one million authorized to be issued for
the purpose Of completing the read. and secured
by The first lien upon the entire road and its fran
ehises. The mortgage provides that only 100000
Of bonds can be issued, and the balance as
consecutive portions Of the road are completed.
When The whole Of said bonds shall be issued. the
amount Of ncumbrarce said road will De something
less than RI per mile The amount Of the first issue
s4OOCOo win constitute an incumbrance equal TO $3.50
per mile upon the ftysix miles Of the road which
now nearly completed-being than the value Of the
non and land The road extends from Corning. on the
New YORK and Erie Railroad to the city of Buffalo. dis
lance Of hundred and thrtyoar and quarter miles,
and viii when completed form, in connection with the
New York Erie Railroad, one Of the most important
and direct horcughares between the cities Of New York
and Buffalo and the Far West and viii connect at Corn
ng with the Corning and Blosbnrg Railroad being
relnd with rail, which extends to the rich iron coal
and lumber regions Of Pennsylvania The cars are now
running on twenty-five miles Of the road from Corn
ing and the rails will be laid for twenty miles fur
ther when the cars will fortyfve miles The roads
under contract Batavia and it is designed that the
cars will be running the whole road ii all Of the pre-
sent year.
The Cumberland CMd.) Jog7cl Gays that The damage
TO the canal viii fan within the engineers estimate which
u $4,000 From erpers Ferry TO the Point q Rocks
particularly now that the water has fallen tie injury
proves to he les han estimated and already
NJ work repairing every break in that direction.
The annexed statement exhibits the amount = tn
dit Of the United states Treasurer in the different depo
sitories on he 10th q April
INt4rn srArrs Dsgosi1s SUBJECT 10 DRAF-.
Treasury u United states Washington So 100 e
Assistant Treasurer. Boston ........ 54.l3Y -
4ssiet Treasurer.