The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-10-29
FuAHc1AL AND CollKRCIAL.
MONEY MARKET.

nsArsss that operators hardly make ordinary COM
niaisa when they realize the full of the ad
At the dr.t board to day North American Trust
improved per cent; Morris Canal. X New Jersey
Zinc, y Cumberland Coal Company a; Delaware and
Hudsoa, X; Long Island 4 Erie Railroad declined
Y pr cent Harlem, Y. At the second board, Morris
Canal feh od y per cent Cumberland Cod Company
u Esie Railroad. 4 Long Island = Hudson River
Railroad, y Delaware and Hudson =. The market Is
weak snd lied that improvement ut the first
bsard b nest generally lost At the second board The
s.y vay to take advantage Of ell these changes is
realize proat appears and not lose it by wait
Ing for greater sdvanee.
The receipts at the otca Of the Assistant Treasurer of
this part to day, amounted TO Sl25os9 SO payments
SCI 6l4 Io-bslspce, s., $50 3s3 SO.
The demand for foreign exchang. Tor remittance by
the steaship Bats, from this port, Saturday the
18th inst for Liverpool has thus far been only to
moderate extent rbsre has bsen no change in quota
tioas, bat the ter denc, is downward.
The Brunswick Canal and Railroad Company, of ie,r-
sia Will pay the Let November the interest thsn due
N their bonds a. the oaee Of the company, 90 Broad
way
Altered notes Of the Bank Of Baltimore, changed from
to $50 are In circus Also notes on the Citizens
d nix Of baltimore sltsrea from 81 to SIS.
vhs Chestnut Hi Irsa ose Company have made a
yearly dividene o. four per cent
The Last ANNUAL port tie Winchester and Po.omsc
iroed Company show that the revenue from freight
passengers SIS 20 ~ and from other sources
% A-totsi se4l7o 20, The revenue from the for
soarosisst year sos 4s6 OF. The decrease is at
tod in great IRE, the abolition Of the "draw-
scoountsm and the reduction OF tolls. The num-
I passengers transported during the year has been
s-sa increass OF 1869 The tonnage OF the year
ISIS; 40 100 barrels Of -four included against
last ysar.
present price IN the market Of the stock Of the
.zisnd Coal Company is exceedingly low, compared
hat Of other working coal companies doing no
Susiness, and having such brilliant prospects
them. The Delaware and Hudson and Penn
= coal stocks selling at $50 and ia, while by
rect influences sided by the heavy calls that
zen made on its shareholders for means to pay for
tplen6id purchase OF the Maryland Mining Com
prsperty this Cum berland stock is run down to
,'rds its par value The sacrifices few holders
Ling to submit, to on this stock win the more
full when one reflects that the compsny's capita,
ooe Ii represented by $1,000 0oo-cash in the
ary (S6Se o0oo), and to come in from stockholders
.0O00); aud BY 500 COO in boats, cars, engines,
raere and berges on hand and now earning from ten
rsnty five per cent per anpum the cost while
&c real estate houses occupied by 1000 persons
half their capital is to say the least paying well
bank stock; and this its par value So that
81 900 represented BY the coal lands of the
~. the whole discount their capital stock falls.
zoo COO personal and other property-pay-
Dg most handsomely on the par value-can-
certainly be put down worth less han 81 500 900
!. nd eight thous and OF coal lands. Ito say
nothing Of the other lands of the company
would be eagerly snstched up By any other
company for $50 per while that to JUS
THY the prevent pros Of the stock, these eight
thousand acres must be calculated ~ 500
PEI ncIs ...............'....... oVo;oVo
Say sast IS 100000, at &C (price today ssscoCCo
Those lands for farming purposes worth more than
slice pr In fact the dscount on this stock is
entirely unusual with strong company out Of debt and
having large fund in the treasury that is incyita-
bly, led to look for the Of the Low price in
stock josbDg naneuvre. The foregoing view Of this
oonpaays property is entirely without taking into
sidsraica the property purchased from the Maryland
Mining Company for 5000 oOO to be paid for out of
the incoming calls from stockholders This property Is
csnsldoeed worth more than double its cost.
The Advertisement Of the Volcano Quartz Mining
Conpssy, Offering portion Of their stock for SALE
viii 30 found In the HERALD Of this day. The OBJ
cot Of this sale Of stock we understand to be to
procure suitable machinery for working the mine
. large scale, by the parties who own the vein and
have developed its extraordinary resources-not for
sale Of stock speculation Pom the large samples
q rock brought to this city by Mr. Minor the agent and
rsidsat OF the company are induced to believe that
the vocA0ovils mines promise large returns to those
who may work them with appropriate machinery under
good management; aud il IL we'll worth the time and la
Dor Of those fond Of examining natural curiostes 10 call
at the once Of the company IS Broadway and examine
his large rock which taken from the vein and is
tinatsA 70 contain 81 5o0 They will also find other
ricA but smaller samples Of the same vein, taken at
different points, Of a mile in extent, aud some
from . depth Of fifty feet in the vein, where
It was found to be thirteen feet in thickness.
From the description given IL would that this
mine Is literally inexhaustbie its location is such
to allow Of Its being drained and ventilated to great
depth Of comparatively small cest I! appears that the
parties swning this vein not satisfied with superb
oal examinations but determined to understand
thoroughly before mourning the expense Of erecting
chEery; they therefore sunk shaft six feet in diameter
unta they could the line Of the vein at the depth
Of fifty feet then drove drift or tunnel into the side
hill Of hundred end fifty feet. connecting With the
shsft by which the vein Is drained ani ventilated and
worked on rail track instead of pumping the water and
lifting the ore to the surface From this It viii be seen
that the facilities for working this vein can hardly be
surpassed the mill /. within FIVE hundred feet and Is
UPON lower Level The angle OF the vein Is about thirty
degrees from vercs and has been FOUND 10 increase IN
richness 1t descends from which the most favorable 70
suits may anticipated in working it 1t said by those
who business that much Of the mschinery
new in uss California greatly improved upon that first
introduced, and that. ~ experienced and improved
apparatus separating they enabled to save most OF
The gold from the reduced quartz; and consequently
many Of the mills in operation realizing large
rstuns upon their Investments such is the fact-snd
re have reliable information thh pontit can hardly
otherwise tbsn that, In business promising such
.era returns for capital other improvements viii con-
ne 10 be made in the working OF the mls which TO
her with the constant dscreae Ia cost OF labor pro
ms, &c those who engage in 1t at this time unde
er management will realize large returns upon thsi
s,mept But We would advise those who are dis
"a 70 invest in the business 10 look veil to the mana
sea Of H. Trust none but men Of business habits an
f. gritty.
nfthe directors q th company residing In New York
IL Il not necessary ssy word any one ascertain
AZ - hVstaal nc