The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-11-23
FINANCIAL AND COMMERCIAL.
MON EY MARK EFT.


MowpAY, Nov 2z-eP.M.
The excitement in " an street is increasing At the
lrst board day the transactions immense and
larger portion than usual for cash All the fancies
IN active demand and improved from the opening Mica
ragua Transit steadily ssvanocg under heavy DIRE
from the bears but 1t subject to fluctuations that
no one can tell where it will be rcm day to day Com
pared with prices current ut the close Saturday there
has been advance in every stock on the list North
American Trust went up per cent Canton Company Il
Edgworth Company /; Cary Improvement "a; Ports
mouth, "; Harlem, u; Nic.asus Transit 4; Penn.
f,lvania Coal Company Erie Railroad ~ Long leland
i Il; stenipgton, Il Hudson River Railroad, x; Paua-
ma Railroad, O. Michigan Central Railroad u. At the
second beard there slight re-asticn In some Of the
small fances, whe the improvement In others continued
North American Trust dc liaed Per cent? Nicaragua
Il; Edgewsrth al Cary Improve ,n. mt, advanced 4 per
cent; Parker Coed Company /; Pennsylvania Coal Com
psny Lors Islsnd ri ali others closed without change
1t is eur inpreesion that they getting the steam
Of the ancies little too fast and great deal too
strorg There is already danger OF q collapse
The receipts at the Office Of Assistant Treasurer OF
ths pert to dsy amounted to sse 2sa payments s223
4o1 II; balance, So 34T 420 0S
We authorized TO state that the contract between
the Cumberland Coal Company and the Baltimore and
Ohio Railroad Company for tho construction OF cars for
the transportation Of coal las by the
payment to the railroad company Of fifty thousand dol
lars account II the stipulated We are also in
formed that tho falling Of tie roofofthe mne the pro-
perty Of tho Maryland company is triang affair." and OF
and that occurred before the purchase
by the Cumberland Company. The instsments in tho
stock issue have been promptly paid and dein
quens exist except where the parties absent
the city. These statements co ne from official
ard therefore be depended upon.
The st. Lawrence Mining Company has called for the
last instsrent its stock payable 6fy cents
share the 30th inst and fty cents the 3lst
cember
Henry p Knight and William Dehcn rsceiyers of ths
Pawucket Bank Boston notify all persons having claims
against saa by decree of the Supreme Judicial
Court the must be presented for payment or be
fore January 1853, they will BIO forever barred.
The Bartlett Mills Manufacturing Company Of New
buryport Mass, has declared dividend of three and
half per cent The James Mills Manufacturing Company
Of the place, three per cent pay able demand
The great Northern Lead Mining Company Of St.
Lawrence county have made q most rapid progress
in developing the richness and of its Mi
neral property. Operations the different veins
commenced the 29th Of July last and in less than
four msnths the energetic superndsnt trustee has
complained more than any other mining company in the
country have in years On the Goth Of July last
the ground the shafts covered with rubbish and
refuse the remnants and remains Of the old company
Since that time the shafts both veins have been cleared
and tinbersd to the bottoa large and substantial
aac house erected and sixty horse power engine put
into operation Machinery Of great strength the
main shaft completed smelling house dressing house
drying house horse whms, dwelling houses for miners
have been fHishsd and in active operation the
purposes required All the arrangements for most
thorough working OF the two old vensths Coal Hill and
pnion-have been perfected and mining the is pro.
sressDg in the most scientific m.nner with the proba-
bty Of realizng the most gratifying results. Tho two
great mines belonging to this company within three
hundred fathoms Of each ether nearly parallel embrao-
Ing four veins each extending the companys property
about mile In length The Northern Is called the
Union, aud the southern the Coal nil mine. They
sufficiently oonteuou to be commanded for surface work
by set OF machinery The two mines have been proved
to depth Of sixty and two hundred feet respectively and
have produced from the space worked returns
aordnsry thAn made by mines In this country
this side Of the Rocky Mountains These mines were
worked in 1885, and continued up to 16i0 when opera
Hons from variety Of causcs were suspended. The
sescna. who superintenJed the working Of the mines
from March, 1887 to the close gives, among other the
following for their suspension-
l. There was no working capital paid IN by either
pany thing unheard Of in the annals Of iniag but ,he
forced from the commencement to pay its own
The division Of 30 small extent Of vein (undsr AGO
feet ALL between two companies regularly organized
pr6ioeAt UNIV Cap
heavy salaries
Thu very detective machinery work for freeing the
mine water which oonceive to have been the most
serious difficulty in the operations OF these companies
The quantity Of water In the worst season oil tue
year and at the greatest depth did rot exceed 40
gallons per inmate amounS which, with proper ms
chinery 1t work. would be considered . very trifing
matter.
The payment to Moss & KNAPP for smelling, Ut . rate
double What 1t worth and reslly cost.
s. Hauling the and impurities to be dressed Ia
miles distant when they SHOULD have been dressed on the
mne
g. The experience OF the managers and msn employ
Ad-cauhng the mine TO be worked in very upminer-
like manner and to great disadvantage and With vast
amount Of useless cost and labor.
Z. The purchsse OF and the erection Of .nothsr
establishment for dressiDg and smelling the
which were never used
IT Is wonder that the mines under such Management,
produced sny thing andpg the sxtIavagauce
and ignorance exhibited in working these maes at that
tne the valve Of lead produced from the whole excs
ya.icn Coal Ill., about two hundred and forty
one thoupsn dollars.
70 give an idea Of TIE richness Of these mines au
mex statement made by the Superintendent OF the
smelling and dressing department in the establishment
OF Messrs. Mess KNAPP, with whom the Company made
contract ct the price Of S25 per ton Of metal
Nc lead The Superintendent says -" The following
state snt will show the amount Of metallic lead obtained
from both sschons go far have been able to CLEAN
from memoranda in my posscssion leaving, however,
some Of the product which not able to give you
with certainty"
Sr,rksiyrr OF LrAp 5IEIrEp At Goa Hut.