The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-04-22
CON d ERCIAL AFFAIRS.
M o N f. Y M A R k E n .

WkpsfspAr, April 2l-6P.M
The market not so buoyant at the first board to.
day for the fances There considerable activity
all the leading securities but prices fell off the OPEN
ing Erie Railroad declined Il per cent; Reading Rail
road u; Norwich and Worcester "a; Harlem y; New
Jersey Zinc Co ss Erie Income bonds 4; u s. 6s 1867
a. Nicaragua Transit advanced per cent with sales
of only few shares The departure of the steamer
Daniel Webster of this line, yesterday with about six
hundred passengers has doubtless given holders greater
confidence in the stock. Phenix Mining Company ad-
vanced to-day per cent. with but small SALE al
though The demand active. Erie Bonds 1868 won't
up q cent and were firm at the improvement There
activity in Morris Canal than have noticed
for time without any Improvement in the market
value of the stock. The company have just issued
its annual report, from which we learn that the
receipts from all during the last year
amounted to $11G297 80 current expenses $50 Oh co.
leaving profits of the years business S64 S5 49, which
with the profits Of the previous year enabled tho d
rectors to meet the demands upon them interest on
the bonded debt and to pay dividends the preferred
stock At the rate of ten per cent per There
been subscribed and issued 6055 shares OF preferred
stock The proceeds Of about 065 shares required
pay the floating debt and interest in 1t would
be useless to express opinion relative to this report
it speaks for itself Erie Bonds Convertible 1862
offered to-day in large quantities and large sales were
az OF ~ cent on the opening,
cent at the close.
At the second board the market opened and closed
yely buoyant Erie Railroad advanced Il per cent;
Portsmouth "a Norris Canal, - Harlem (prcferred),
-; Phoenix Mining Company, per cent with unusually
large sales. and closed firm with an increased demand
time at current rates Edgeworth sold at improve
mcn o! a per cent on last sale but holders do not
disposed 10 sell at present quotations Tho of Dau-
hin Coal Company stock to day went of we'll 50 shares
sold at i, and $50 shares 40 cash. These prices are
an advance on the last sale at the board.
The steamship Asia from Liverpool. brought $3.50 357
in specie on freight
The Chatham Bank has declared dividend Of 4 per
cent
The receipts at the Office of tho Assistant Treasurer of
this port, to-day amounted to .sSl o54 II; payments
1920 Cos 10-balance, SO 2S1, 421 OIL.
The strong eastcrly wind which has prevailed for the
last two days at Buffalo has dssipaed the remaining
ice at the east end of Lake Erie and obstruction to
the free navigation Of that lake may be anticipated hence
forward
Telcg.aphc dispatches announce the opening of the
Welland canal into Lake Erie, by way of Grand river
and Port Maitland where the ice has broken up There
two entrances from the Weland canal into Lake
Erie clover and shortest by Port Cobourn
upper by Grand river and Port Maitland. Grand
river used feeder to the Weand canal and is nayi-
gable into the lake. Port Maitland is some distance
above Port Cobourn, and navigation is always earlier
by the upper passage. The tolls this year broken
castings railroad iron bloom pig and scrap iron through
the Weland canal are shilling per ton; do through
the St Lawrence canals shilling per ton Iron cast.
ngs nails spikes and other descriptions Of iron not
elsewhere described through the Welland canal one
shilling and sixpence per tom the through the St.
Lawrence canals shilling and sixpence per ton
In relation to the Boston stock market the of that
city says
As regards the prices Of the dividend paying railroads
second class there to be properly regulated
earned Il per cent and paid six per last year sells
readily at 81 This is cheap enough but the Northern
which paid five per cent last year brings but 50 to 49,
the Paumpsic, which earned nearly six per cent in 1851
sells for but S. and the Boston Concord and Montreal
which is earning mole than five per cent the in
six per cent sells for but - OF course there may
cumstances which make these different prices all right
but the facts certainly worth an investigation The
winter receipts of the Passumpc for instance said
to run little below those of last year. but the manage
men Of the road attribute the decrease the severity Of
the alone. The Boston Concord and Montreal is
yet unfinished and will probably debt; but its
receipts rapidly increasing and the road has ever
been managed with shrewdness and integrity
The Worcester and Nashua also which paid nine per
last year on $50. can be had at about So. This road
earned in 1851. about $4,000 than in 1866 and
the receipts thus far in 1862 considerably ahead
those Of the months of 1851 The whole cost of the
road and equipment to November 30 1851. but
Sl:0aJGf and after the receipt Of the last assessment
due in June portion of the stock, it will nothing
fund is S143s2 So The Worcester and Nashua good
business: and as it is on the shortest route from the
heaviest manufacturing district in New Hampshire to
New York. its trade must increase with the increase of
manufactures to say nothing Of its other resources
The steamship Asia. from Liverpool brings three days
later from all parts of Europe The intelligence is
neither interesting important. In a commercial point
of view it is Of an unavorabe character Quotations
cotton had fallen of from eighth onequarter Of
penny per pound This is attributed to heavy receipts
and anticipated arrivals In the markets there
no activity, and prices continued very unsettled The
manufacturing districts particularly inactive and
the accounts more gloomy than have received for
long time. Financial affairs in prosperous cond
ton Money exceedingly abundant and the rates of
ntr rest without variation American securities in
active demand at improving prices
The return from the Bank of England for the week end
ing the Sd of April gives the following results when COM
pared with the previous week
Public deposits. e. 6S7 70s-Decrease f2e1 112
Other deposits H19l 626-Decrease 45S $50
Rest................. 1924 .41s-Increase 2sl2
On the other side ofthe account
Goscrnmcnt securities fl356T 5a3-The same a. before
Other securities. 1I720Si3-Increase. f31 pa
Notes unempoy ed. -. 1887 ,03O-Decrease AS $50
The amount Of notes in circulation f2o6s 40 being
increase Of S37 210 and the stock Of bullion in both
departments is f19 5965s1 showing decrease Of f219
pa. when compared with the preceding return.
California gold mining shares neglected ut the
latest date in London The excitement rapidly in
ccasng in Australian shares caused by the extraordinary
yield Of precious metals The stimulus thus impaired
had favoraby affected prices and there had been large
transactions in the leading companies The follow.
4 ing named companies have been formed for the pur-
pose Of mining in Australia Other projects are con-
| tempated, and there is very little doubt but that
plenty Of capital will be offered by that class Of pscula
tors usually attracted by such investments -
Ars1RsIlsS GoLp MrSrys CoMrAyIrs
Par Paine Market Taiuc
Cdldtsf SHINE. Share
Australian Auriforous. E100OOO I'll "a dis.
Bfitii Australian .... 100000 Ia 4 die.