The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-08-25
MON Ely NJ r. X E Il.

TUESDAY, August Z4-O i. Nj.
A large business transacted in the stock market
to day but there serious decline in nearly every
stock offered Most Of the operations time both
buy sellers option At the first board New Jersey
Zinc declined q per cent Dauphin Coal, x; Erie Rail-
road, 4; Nicaragua, /; Harlem, Al Long Island, u
stonington, l. Norwich and Worcester l; Canton Co..
q; Hudson River Railroad, 4. Reading Railroad al
vanced 81 per cent; Florence and Keyport, Il. There
very heavy sales Of New Jersey Zinc and prices fell
off from the opening. 1t is impossible to make any dis
tinction in the leading stocks. AL affected nearly
alike by the pressure the market. The internal
affairs position of any particular company have
nothing to DO with the downward movement in prices
The effect is generally Of unfavorable character
When change comes, we have no doubt it will be as
general for the better One of the depression in
the stock market undoubtedly the increased and in
creasng demand for money. The banks making q
strong effort to put up the rate of interest and they
partially succeeded This cannot continue for
money is wanted the supply will increase and capital,
which has heretofore been invested in stocks will
be withdrawn, and go into the market for the pur-
chase Of mercantile paper. At the second board,
the market still further depressed. Canton Com
pany declined u per cent Morris Canal u; Penn.
syvania Coal ii Norwich and Worcester 81; Nj.
caragua z Reading Railroad Il ; Harlem u Erie u.
Cumberland Coal and Hudson Railroad advanced Il per
cent EACH
The receipts at the Office of the Assistant Treasurer
Of this port to day, amounted to $4,000 So paymea
$461s0 50-balance $6476753 6S. This is large bal
but considerably less than it has previously BEEN
On the 5h Of September 1850 the balance amounted to
S324024 90 Soon after the adjournment of Congress
there will be rapid reduction in the government de-
positories.
The demand for foreign exchange has not been very
hy Tho As;a
port to day-and drawers are disposed
to make slight reduction in quotations ruling for the
last packet We quote bills London at 1919 101s per
cent premium; Paris ST. 13sl ST. 1919; Amsterdam
Al Az; Bremen 9a7ot4; Hamburg 361a a 36%. The
steamer will take out about six hundred thousand dollars
in specie Engagements have already been made for
nearly that sum; but it is possible, account Of the
duced rates Of sterling bills portion of it may be with
drawn.
Proposals win be received until the 18th Of September
at O'Clock p NJ at the Office OF J. Thompson, corner of
Wall street and Broadway for three hundred thousand
dollars SSoooC0) City of Wheeling Six per Cent Coupon
Bonds guaranteed by the State of Virginia. payable Ia
twenty years Coupons for interest," payable
ally uiy and january at the banking house of Dun.
can, Sherman Co. in this city These bonds are issued
to the Baltimore and Ohio Railroad Company the sub
scrpton Of the city to its stock These bonds are of the
denomination Of thousand dollars each and are issued
under full powers from the Legislature and guaran
teed by the State Of Virginia The guarantee was given
before the adoption Of the constitution which pro-
hibts for the future any pledge of the credit Of the
State for such purposes. Bids will be made without
gard accrued interest for all accrued interest will be
added when the bonds paid for. The premium will be
paid the day after the opening of the bids and the
par with accrued interest be paid at the option Of
the bidder any time before tho 9th of January next thus
giving capitalists opportunity to secure most re-
liable and permanent Investment, without precpiatey
disturbing their money arrapoements