The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-11-24
FINANCIAL AND COMMERCIAL.
MONEY MARKET.
TUESDAY, Nov. 23--8 7

TUESDAY, Nov. 23-8 p. n.
The market was exceedingly active this morning, but
prices remained about the previously reported
Holders were firm at quotations, except in or
two instances whore lower prices submitted TO- At
ahe first board Canton Company advanced per cent;
N. A. Trust, RI st. Lawrence Mining Company, ~ Cary
Improvement, a; Pennsylvania Coal Company, l; Dau-
phin Il; Morris Canal n; N J. Zinc q; Long issnd'
IA; Bloomington, H. Cumberland Coal declined q per
cent? Nicaragua Transit Il Hudson Railroad y; Erie
RAILROAD a; Norwich and Worcester, - AT the second
board there was a decided downward tendency. Cum.
berand Coal Company declined - per cent; Ere Rail-
road, 4; Canton Company, 8, Pennsylvania Coal IL;
Norwich and Worcester, 1 Long Island !; Nicaragua
Transit, 1. After the board, Cumberland freely
offered At 62 and Nicaragua at o. A. the close prices
generally weak. The impression is gaining ground
that the Nicarsguan minister will succeed in aunulng
The contract of the Nicaragua Transit Company. lie has
made such representations to his government as will
is feared cause them to adopt the most summary mes
cures Unfortunately for the market value Of the stock
1t principally in weak hands who will find it difficult
20 sustain prices.
The receipts the of the Assistant Treasurer of
this port to-day amounted to Es55o,l2o; payments,
S5s5,755 45--balsnce, IS 7s5 IS.
The steamship Hermann, from Southampton brings
four days later from Europe The financial and
commercial intelligence generally Is not important.
There has been decline in cotton ranging from
eighth to quarter Of penny per pound with very
derate sales In breadstu there had been important
variation rs
The Corn Exchange Bank has been fully organized
follows = Directors-E w Durham j. b, Herrick J. Il.
Buckley Daniel Burtpell J @ Durant Elipgham Town
send, Alexander II Grant, Stephen Brush Il b. Litch-
field w. Ii. Powell N II. Wolfe VIM NJ Lumms N I,
Hubbard David Dsws. j. W Durham j. q was elected
President.
The Boston T,apeuer ssys =" Manufacturing stocks
beginning to attract more serous attention for in
Sestment as the knowledge Of their present profitable
business spreads and the which into the
ae rot filed without handsome advances former
prices. Amoskeag Manufacturing Com pany sold this
morning at So per cent advance, and Massachusetts
Mills brought ~ while for Bay State Mills "a was Of
Tered without obtaining stock These stocks are all SELL
ing prices much below their real value aud by actual
results will soon prove the fact The Bay State Mills
probably will earn least 10 per cent net profits for the
year ending February, and dividend Of not less
shan per cent at that time seems certain
Reading Railroad shares are worth so much more
than the convertible bonds Of the company that holders
are beginning to convert them into stock On Friday
and Saturday last understand over sl5OOe0 were SO
converted Other palies have sgned their intention
to do likewise The effect Of this operation will probably
be to reduce the price Of shares
Two wooen factories cold at Little Falls in this
State on the l6th instant large stone mil hnoWA Us
The Wool Growers LII with ali its machinery, was
struck off for co., Mr.. Lo,ms for house in Phi
ladelphia. The saxony Mill and machinery were sold
at $4,000 Both mills and their machinery are in good
condition it is expected that OF bota of them
will be set. in operation this winter.
The Miners (Ad) Journal says the Cumberland fine
coal is only in great demand for backsmhing prr
poses but the engineers of locomotive and stationary
gines regard it Of equal not greater value than the
the generation ofsteam Tie prejudice against
fine coal Is fast disappearing aud by this means the
amount consumed will be very much Increased
1t is understood that arrangement completed on
Thursday. by which all the interest Of the Williamsport
and Emira Railroad Company passed into the hands Of
parties interested in tie Gaia VISA road The effect CT
this will be abandonment Of the prospects Of Bslh-
being benefited by connection Of this road with
by New Yokers their object viii Of be to let New
York reap the advantage Of the trade
The Cincinnati Gazette Of the 18th instant states that
the principal private banking houses of that city have
nferna sgreed pay only four per cent per
deposits. commencing the Let OF January next.
An eminent geologist ASSERTS in communication to
the Lake Superior Journal tina. from the geological forma
ton Of their rocks there not and cannot be coal found
on Lake Superior.
The annexed statement exhibits the quantity aud value
certain articles exported from this port during the
week ending and including saturday Nov 20 1852 dis
tipguishIng the destinations and extent of shipments to
each place =
COMMERCE OF THE PoRr OF New YoRK WEEKLY EXPORT