The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-06-24
MON Ely AR X n +.

WEDNESDAY, June 23-6P N.
The market opened this mcrnipg little heavy. Quo
tations Tor The stocks which have advanced rapidly
isty, receSed slightly and there disposition to
realize ~he in coal stocks had been too
ft and the high prices reached induced many holder
10 s out 10 In again lower range OF the mar
Es o,bervise prices pretty well sustained. At
the first boaIu North Amr ican Trust declined 4 per
cent Canton COMPANY, a Pennsylvania Coal Company
Dsuphn, y; Nicaragua =: Erie Railroad ~; IIar-
lem, - fstebce ana Eeyport r. Reading Railroad
advanced u per cent; N Zinc \ Delaware and Hud.
scn. NJ Hudson River Second Mortgage Bonds, a;
Rochester and syraru.e i. Norwich and Worcester
Az The second board the lead ng were In demand
al prices current in the morning and the market closed
firm
The metropolitan Bank in the face OF the njunc ton
served upon the President yesterday, have
ooaAnued TO receive uncurrent money Is usual at dis
count 1t Is impression hat the Supreme Court will
adopt some summary way TO compel them to obey
ts mandates The bank has clearly been guilty of con-
tempt and must abide the consequences 1t should at once
have ceased taking uncurrent money in any way and
not have resorted to bubble power of the
court There l. very little doubt but that the brokers
have both the law and justice their side and thew have
sso The determination 70 carry all the questions raised
through In this they will be sustained and aided by
the prnry banks and the mercantile clas Of the int.
o whose banking facilities have been seriously restrict
cd by the policy pursued ~ the Metropolitan Bank
kaint all these influences tho bank will have to con-
lend single haIed with very poor prospect Of accom-
pisng anything in the end The probability H. that in
ibis case the Supreme Court Of the Of New York
l prove TO be the great regulator and dispose Of the
matter at and for ever The Metropolitan Bank
made false step in violating the injunction such
things cannot be done with impunity
THE rirmen's Insurance Company OF Baltimore hsys
declared dividend Of six and quarter per cent the
Taunton Branch RaiIosd Company four per cent: and
the New oricans Gas Company, five per cent.
There was large attendance this morning at the Mcr.
chants Exchange The sac Of railroad bonds snd there
vas sn active competition among bdAors
The tvo hundred thousand dollars Of Csuandaicua and
Coming seven Per Cent Mortgage Bond. brought
The annexed prices :-s47 600 at s725 per cent
$4,000 at s712M do 49, ooo at 81 do 81 900 at $751;
$500 at S8Ts do total 5000 900; averaging 81 o5
pss cent, ard netting Sl7i 0ss.
The two hundred thousand dollars Of Peoria and
oauawks Eight Per Cent Bonds brought the following
,.rces -S1s0oO at % per cent: $4,000 at % 30 do
$4,000 at 20 IS do SIS 900 90 80 do 81 at % do
$500 at 81 do $l0oooa 30 do $4,000 at s. 80 do;
$500 st SIS Is do sST GOO at IS do-total $500 0oo
averaging 81 % pei cent, and netting Sl74.40S.
The thirty thou.and ~ Corning and Blcssburg Seven
per Cent Bonds aold in lot at So per ccntnct
ting 500 5G0 The hundred shares Lykens Valley
Goal Compsay cold at $40 per share.
The receipts at the flee Of the Assistant Treasurer of
ihs port today amounted to Sl24 00s payments, Sla,
4l6 Is, balance, 81 1865 90
appesrs by the calculations made by writer in the
ameicon that the present actual value of the
stock Of the Canton Company $40 per share instead Of
StS which it is selling for instead of 500 which the
par value. This estimate is made upon the data fur
shed by the report OF the company relative
,evcnue. expenditures &c The stock of the company
plumbers 10 shares which par make aggregate of
S6I2 300 and at the present market price 100000 the
interest which at six per cent would be per
nnDum The net revenue Last year about $4,000,
which expended the property The increase in
last year si4 rs At this rate of increase
IT can easily be figured up how many years it
would take to give q revenue large enough to pay
Simple interest the stock. In making this calcu-
tstion, it must be borne in mind that interest
must he added to the stock from year to year
In conclusion. the writer says" Irrespective then Of
compound interest it is that in orler in five years
hence TO make the stock yield six per cent interest
ats par value the productive yield e the Companys pro
perry must increase four per cent We do not
say that this is the whole worth Of the but its pre-
snt revenue worth. snd ito worth in the
o. the pest Eve years at sufficient improvement to
yield per cent interest the par value of the
stock
Eow for another viewwe find that the increase Of
venue for last year NEUTRALITY-SUSPICIOUS.. S4-I -
Taking this as average for i've years, IL. 90 rs
Simple intcrest the stock at ts present
sale rrice Of $50 is. for five years 500 Geo 90
Ne 90 ' W. : '.',''''''' 800 :"
oo0A 70 'oe '4 "o''e ioi' " 'h'eie'' y" INC oos' u
P'vpe'J no' oe'''opeo iuso p'oa"'','e'ess'
N"e wv e'"n'' u S"''0''i' HA'' W 'e 'o'e re-
fused TO Issue the stock which they had previously sub
scribed the Cincinnati Marietta railroad II is in
im,.od ,h.t or. ~ tim co,,cu Vow, ,eor,v ,,;ra,r
~ ~ ~ " ~ o" " '' epie
Gent their constituents and that if they persist in their
rcusal 10 meet their subscription the company will be
Obliged 70 com nence legal proceedings 10 compel per
Torrance Of their promise
There bas boon handsome increase in the amount OF
ffais durin1 tba 6rst tbroc
e ~ ~ ~ "
June this year