The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-09-21
UOpuERCIAL AFFAIRS.


MONDAY, sept NJ II. N.
An the leading fances were In demand TO day, ana
commanded better prices throughout. Nicaragua Tran
,wss particularly buoyant, and improved from the
coeuin~ The bulk Of the transactions for cash
The bulls have taken within the day or two with
great deal Of ayidy and the bears appear TO DO
cautious There already good many shorts and the
probability is that most Of the time contracts out
will result in difference against the bears. As prices
advance, the sellers may become confident and
ter the market largely This would doubtless suit the
bulls and strengthen their position very materially
As the tall business progresses money will become more
abundant the Offering at the banks less and the demand
generally much diminished This win give spectators in
creased facilities for carrying stocks and will to reduce
the quantity pressing upon the market compared Win
the closing prices the close ON saturday, there
was at the first board TO day advance in North Amer
lean Trust of per cent Canton Co. Il, Pennsylvania
Cesl ~ Nicaragua Transit l. Erie r X. 81, Reading r.
R1h Harlem \ Hudson r r.. Bonds, second mortgase)
X Florence and Keyport declined a per cent. The i'm
proyement in Reading r. r. is the mot extraordinary
movements have seen in Wall street for a long
time. The company have meter declared but four
per cent dividends per annum, and il has
er been satisfactorily settled that they earned
even that small amount. The market value of the
stock may go considerably shove par; but how long
viii be sustained question difficult to answer There
sales of Montgomery Mining this morning slight
Improvement Saturday prices The market value Of
the stock appears TO be improving, notwithstanding the
efforts made 70 depress by the circulation OF false ami
malicious REPORTS The company ars operating under
regular charter granted by special act Of the Legisla
ture which fact is sufficient convince every one at al
acquainted with acts OF Incorporation that the reports
relative to forfeiture OF the charter have not the slight
est foundation The Attorney General has Issued such
order and does not intend to- In any shape way The
prehenson in regard to the validity their charter 1t
has been approved by able and eminent counsel and viii
stand test brought to bear upon it. informed
that great changes have been made in the affairs Of the
company new board of directors new lot Of officers
new system OF management-in fact new state OF
things altogether, exists and the prospect certainly
more promising than ever before.
At the second board Nicaragua Transit reacted ttle
but the sales net large Montgomery Mining ad-
vanced = per cent, Reading Railroad = Hudson Rail
road Il, Albany and Schenectady Il, North American
Trust. a. The market closed firm.
The receipts at the Office of the Assistant Treasurer of
this port to-day, amounted to $500 15o; payments s62
S553l-baance S6,sI1 ,6S1 80.
The Springfield, Mount Vernon and Pittsburg Railroad
Company in the market for loan Of two hundred and
fifty thousand dollars $3.50 ooC) for which they propose
Issuing per cent first mortgage convertible bonds,
in Of $1,000 each payable the LIST day January
1s0S-interest payable semi annually in this city. Geo.
s. Goa Esq has been appointed trustee for the bond
holders in whose name first and only mortgage has
been executed upon the line Of road from Springfield to
Delaware distance Of forty eight miles Proposals will
be received at the Office Of Delano, Dunevy Co No Is
Wall street until Friday, the GATH Of September, at
three O'Clock.
The Dayton and Michigan Railroad Company offer for
sale hundred thousand dollars (S100 CO0) of their
FIRST mortgage seven per cent coupon bonds They are
in sums OF 81 600 each payable July 1st 1867 interest
parable semi annually in this city. frst and only
mortgage has been executed, in the name of Joseph
Varnum, Esq who has been appointed trustee for the
bondholders The amount Of bonds to be issued under
this mortgage is million Of dollars Three hundred
thousand dollars have already been issued, of which
only hundred thousand dollars now offered for
eae Proposals viii be received until Saturday the 25th
Wins,ov, Lsnier Co., No SO Wall street.
The receipts of the Michigan Railroad Company for
the month ofAugust amounted TO $50 433 35 showing
decline Of about ST 600 compared with the earnings
for August last year. This falling of is occasoaed by
the interruption business from the loss Of the steamer
Atlantic, tho ccmpany's most capacious boat.
The receipts and expenditures of the Hartford and
New Haven Railroad Company, for the year ending the
3lst Of August 1852, we're annexed
HARTFORD New HAVEN RAILROAD.
Soso osooi
DO freight lI2osos 81