The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-07-31
CO M MERCIAL AFFAIRS
NJ o n Ely ARK Z T i.

FRIDAY, July W. y. NJ.
There was baoyant feeling among operators at the
opening Of the market this morning and the transactions
in fpcies generally unusually large At the first
booId, New jersey ZINC advanced Il per cent Reading
Railroad, u; StonDgton, 1; Florence and Keyport q;
Norwich and Worcester, X; New Haven Railroad, y:
Madison and Indianapolis Railroad, III Canton Com
pany, a. Hudson River Railroad declined per cent;
Erie Railroad, Is. There sales Of Montgomery
Mining at previous price, Nicaragua remains without
change. All the indications Of the market in favor
Of higher prices, and tho impression IL general that
there will be active upward movement in the course
Of two three weeks. Very little stock is offered and
moderate concessions made by sellers Erie Railroad is
very firm In the face Of large sales and from the amount
ofpuTchases time both buyers and sellers option, we
should judge that higher prices would coon be realized
The short time made between San Francisco and New
York via Nicaragua shows that the line il getting in
good order and that 1t viii be the quickest route
the Pacific This has had favorable effect the stock.
Rcedipg Railroad has touched ninety per cent-a very
high point for stock subject to many contingencies;
nevertheless 1t may be sustained, and may advance
nearer 10 its par value Florence and keyport have
opened TRANSFER books at the Bank Of North America
Thestock upward at the rate OF about per
cent day, with small sales Even Norwich and Wor-
cestcr with It's reduced dividend deficient receipts and
poor prospects relative to future earnings slowly ad-
vancing but II Is very uncertain stock to operate in
lot Of Sc Lawrence Mining Company stock was offered
the other day, at and half per cent without find
ing purchaser This looks though it going en-
tirey out OF sight In that event. 1t win only ada one
more TO the long List Of mining stocks which have sud-
denly appeared and disappeared in this market within
tho past I've years. Spectators In touching these
stocks shsud be that there is no personal aply
clause In the charter constitution for the orgina
tors appear to have little hesitation about running tho
company deeply into debt in the shortest possible time
and then abandoning the concern as rata do sinking
ship. This 81. Lawrence Mining Company started with
nominal capital Of seventy two thousand dollars After
few months, the managers raised II to three hundred
aud sixty thousand dollars otensiby the purpose Of
buying more land. little land was purchased,
but not paid for besides which the company have debt
Of nearly twonty thousand dollars for labor and nothing
show for IT, An account Of tho appropriation or ex
peDditurs Of the capital would exhibit very curious
system offnaDcierng We believe there still one dollar
per share due the stock which must be called TO pay
OF portion u the accumulated indebtedness OF the
company.
1o receipts al tbc oce Of the Assistant Treasurer o.
ths pot To-Day s0iouotod 60 slISosv co. payneats,
s53t2l VI bsu4uoe, -, ~ dS3 10.
lLe GnlgA W bli.s4est exhibits ths earhpSs Of ths