The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-12-03
FINANCIAL AND COMMERCIAL.
MON Il Y M A II * r II !.


MONEY MARK EFT.
THURSDAY, Dec. 2-6 p. NJ
The bulls appear to have 1t all their way in Wall
street Speculation high, and the excitement is
becoming intense All the leading stocks partake Of the
movement, but in the advance has been most
traordnary At the FIRST board to- day Canton Company
improved per cent Edgeworh III Nicaragua Transit 2;
Pennsylvania Coal Company Il; Dauphin ri Cumber-
land Il; Erie Railroad "a: Harlem q Long Island 2;
Stonington u; Cary Improvement a. Morris Canal de-
elined Il per cent At the second board Morris Canal
fell of per cent Nicaragua Transit y. Canton Com
papy went up 81 per cent; New Jersey Zinc ii Cum
berland Coal n; Parker Coal Company 4; Erie Railroad
e. At the close, the tendency still up wards with
an active demand. This improvement Is no more, rs
general thing than have for time past antic
pated but it is impression that In instances
the rise has been too rapid to be permanently
sustained However, we must look for reactions
and It would DO we'll enough to prepare for
them, by realizing . good profit whenever 1t
be done. The reaction this afternoon In Mica
rsgua nearly wiped out the entire improvement at
the first board There some very large sales Of this
stock this morning at the ADVANCE but still larger sales
at the second board ut the decline The fluctuations
sudden and great In this fancy that the see,s fire.
quently find good margins for profit almost every forty
eight hours This makes it svorite with bear opera
tors. Morris Canal does not move up with so much
strength holders would like to The fact u.s. there
is no basis for any Improvement. Cary Improvement
Company has taken favorable turn again. but it appears
to have lost its vgor and force whether temporarily
not We shall soon see. Canton Company cannot be long
sustained in its present COURSE at current points
Those who hold this stock and do not realize, will make
great mistake. 1t may be inflated to greater extont
but 1t is dangerous to hold to buy. Cumberland Com
pany Is slowly moving up with the Others and 1t WILL
without doubt, be maintained. As soon as this
stock gets . little better distributed, it will com.
mand much better prices. Erie Railroad IL gra.
dsaly but steadily approaching par 1t will be very
difficult to carry 1t above tina. point, in oonse.
quence Of many being DESTROYS Of realizing at that
price Parker Vein Coal Stock is attracting good deal
Of attention. and Il rapidly improving in prices There
believe peculiarties in the position of this
company's affairs which give it advantage most
other coal companies in the Cumberland region Its
nection rather contract with the New York and Alex
andris BE smship Company Is upon such terms that first
its coal feghts by steamers will be fifty cents per ton
less than the average rates paid to sailing vessels second
its feights by the steamers will be sixtytwo and half
cents per ton less than the present eghts from Bsl
more and seventy cents per ton less than present
rates from Alexandria, and third, its freghts by the
steamers will be thirty and half cents per ton
less than coal be transported by canal propeers and
barges through the bays and canals from Baltimore to
New York Independent Of this, the Parker Coal Com
panys freight takes precedence in this steamshp line Of
all Others and iprobably viii mine coal enough to keep
all the steam of the line entirely employed through
out the year 1t is plain enough that these arrange
mants fully carried out, the Parker Coal Com
pany must be productive, and return gooi divi
dends to its stockholders Hudson river railroad stock
continues firm at our quotations. This and Harlem
hold their own pretty we'll, and that Is all. Both
roads are doing good business and IS soon as navi
CATION closes the traffic each road will increase Long
Island has become more expanded than the most san
gune member Of the cornerng combination anticipated
The sales exceedingly large day at the advance
The commercial advices received by the Cunard
steamer Europa last evening somewhat interesting
though 1t is not probable that they will produce any very
material alteration in the markets here Cotton, at Liv
erpoo is reported to have declined eighth of penny
per ID from the 18th to the Goth ult and at the last
date the market wasextremey dull An active business
was doing in breadstufs at Liverpool and slight ad-
vance had been realized but in London the market
heavy, and scarcely anything was doing Provisions
were reported scarce in demand Apropos when the
Of the large amount Of produce coming from the
Western States reaches the other side Of the Atlantic it
will be apt to falling of in the price of breadstus
and provisions Of every description The funds were
hrm, at rather improved price in London and United
States six per cent bonds in demand at ITO 1oH
The receipts ct the Office Of the assistant treasurer Of
this port to-day amounted to sos l20 payment $532O
IS cts. balance S5316 65l g.
dividend Of thirty per cent the certificates issued
to the creditors Of the Commercial Bank of New Jersey at
Perth Amboy signed by Corslandt Palmer and Oliver s.
Hasted Jr or either of them will be paid presens
ton at the Office of the former in Newark On the certi
hcates signed by Thomas G. Marsh before mentioned
the dividend will be paid at the State Bank at New Bruins
wick.
company having in view the manufacture Of iron
and other metals from the ore with capital Of 100000
to 0e0 0OO will be established in Hudson county, New
Jersey, soon.
The mportaMons into this port today, Dec. q have
been follews:- .
sordage-343 coils bolt rope, 1877 wenches hemp yarn
$50 bills Coddila dry goods51 packages per waltham
dyewoods452000 lbs logwood tons fustic iron-l S03
packs Russia sheet; junk-l0,9t5 untarred hdes-5375
leather-7 bales red Russia molasses379 hhds mats
26o3 rolls; sugar67 bids; segars-6& cases. wood-96
logs cedar and mahogany
The following table will show the amount at the
raj repositories the ed of November subject to the
d. aft of the Treasurer Of the United States =
FINANCES UNITED STArEs-AMouEr OF DEposIrs
Treasury Of United StateS Washington. S1ez COL 20
Assistant Treasurer. Boston. ......... 17Y7047 SO
Assistant Treasurer, New York. ...... 4,9lS365 CT
Assistant Treasurer, Philadelphia 1,e7so19 Sc
Assistant Treasurer Charleston, s. o.. 72001 o5