The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-03-31
com MERCIAL AFFAIRS.


MONEY MARK e +.
TUESDAY, March 3o-6PM
We have material alteration in the stock market 20
report either regards prices extent Of transactions
At the nrst board to-day, Reading Railroad defined
per cent; Norwich and Worcester, =; Harlem n Erie
Railroad went UP per cent; Nicaragua =; Hudson River
Railroad a. At the second board there large sales
OfReadipg Railroad at further decline Of per cent
making two per cent for the day. There Gale Of
small lot Of Phenix Coal Company at q nominal price
Reading Railroad has taken the back track and there
will be considerable anxiety to realize The out will
Of do the best All eager sell day the
heavy transactions at the afternoon board the decline
show that there sellers in the market
The large holders getting rid Of their stock through
commission brokers In this way the ownership Of the
stock is disguised The excitement in Nicaragua Transit
ock continues undated At the opening Of the board
this morning, higher prices obtained time than
have at any previous time ruled and very little
offered j. O. Clark, Esq, Of the firm of Clark, Dodge
Co.. well known bankers Of Wall street has been elected
Wee President of the Nicaragua Transit Company and
the Nicaragua Ship Canal Company We hear that these
companies distinct in their organization and opera
TONS and have rights and privileges entirely independent
Of each other The holders Of canal shares the
original holders Of the transit stock and the amount
the market was forced out by the bankruptcy Of parties
having the canal rights in their possession.
The receipts at the Office of the Assistant Treasurer Of
this port, to-day amounted to S1O6 9S4 40 payments
$21 $50 s5-balance, $2,776;s40 81.
The bids for the S500O0 bonds Of the Belcfontaine
and Indiana Railroad Company offered for sae by Mcsss
Wipsow, Lanier Company, duly opened at their
Office yesterday according previous notice The total
number bonds bid $50 at prices ranging from 50
per cent to so 6500 per cent Of which only 100 be-
low cent The number Of bonds bid for in proportion
to the number offered for competition is larger than
any previous occasion Considerably than one-haf
Of the successful bids for foreign accounts The
successful bids ranged from 81 26 cent to 81 Co viii
be seen by the annexed statement
VIM NJ. Dunn 10 90 G5: do 10, 90 IS; John Ferguson,
10 90 25; H. Seymour 10, o21o Chubb Brothers 10 a2
IL; D. D. Howard 10, 92 A. wrghts 3 82; Chubb
ther 10 OF Sc; Moran Isclin rs, 81 S0 Chubb L. Bro
1nsr 10 M e W q CALHOUN 81 as DO 81 q ~
Seymour TO- 81 56 John A. Stevens. TO- Of Sc; John j.
Palmer 70 81 90; Chubb Brother 81 y; TO- 81 40; O. s.
u 26 VIM H. Calhoun, 8, 81 26 De Launay, J g., %.
In remarks few days since relative to the opera
tions Of the Phenix Coal Company Of Cumberland
intended no unjust reflections upon the management.
We used the term slow and sluggish for the purpose of
showing that such policy would no longer answers that
competition sprngng up, and that energy and acti-
witty must take the place of the inactivity which has
long rcgncd in that neighborhood Although called
this company slow and sluggish we admitted that it
could not have done otherwisecould not under the cir
cumstanccs have pursued any other The
sion Of the Baltimore and Ohio Railroad and the compile
ton Of the Chesapeake and Ohio canal necessary be-
fore the Pbenx Company could get pound of coal to
tide water The Baltimore and Ohio Railroad passes
through the property of the Phenx Company, and by
the construction of side track loaded with Cumber
land coal be attached to the through train its way
down to tide water independent Of this the coal of this
company has an outlet to market by slack water navg
ton and through the Chesapeake and Ohio Canal The
policy Of the company has been to delay every expend
ture Of money until the works they depended upon to
bring their coal to market became available Those works
have cost full twenty millions Of dollars and had they
been constructed entirely by the Phenix Company, they
would not have been convenient important for
the coal mining interest Of the Cumberland regien. All
these matters being explained and arranged il is only
necessary for the company to make of the facilities
enjoys for getting its coal market With
tbe supply of the best btumnous coal in the world and
with markets the seaboard for any quantity,
see no reason why this and all other coal companies
similarly situated, should not annually reap rich har-
vests The rapid increase of marine requires
requires large supplies Il Cumberland coal and is for
tunate that the two works Of internal Improvement
named above extended the proper points in time
TO furnish sufficient quantities Of the material for the
Advancement of our steam navy The Cumberland mines
wealth THAT region hs been known for many years but
it has been almost Theoretically sealed in consequence of
the utter imrossibty Of getting the coal to market
Without the Baltimore and Ohio Railroad and the Chc~a
peake and Ohio Canal the coal mines Of Cumberland
would be valueles, with them they invaluable and
will prove mines of wealth those who take hold of them
nithcr infancy Coal from the Phoenix Company mines
will be in market but not for general consumption
1t will be time before there will be full supply be-
yond Baltimore and Alexandria. There is extensive
demand in that section to satisfy first
The Developments growing out Of the investigation
into the affairs Of the Suffolk Bank Boston, exceed
ipgly rich The source Of supplies which keep the ma
chinery Of Wall street in operation is clearly shown in
this expose There Is Of this work going at this
moment, under our very than dream Of and
shall not be surprised any day to sights that have not
for long time been presented to citizens Boston
at present. occupies the most prominent position in the
embezzlcment line, and have desire take away
its aures 1t is impression that before the nvestiga
ton ends it will be found that Wall street has extracted
large amount Of capital from State street and that the
process is still going
We learn that there great quantity Of ice in the
Weand Canal and that, from present appearances it
will be full three weeks before navigation will be free and
communication between the two lakes clear
The board Of Public Works in Ohio have adopted the
following rates of tolls the Ohio Hooking, and WAL
bonding canals, from the LIST Of April 1852 and the
Muskngum Improvement in lieu Of the rates fixed by tho
toll sheet Of January 90 1862
Ono Canal ToLLs-CHAScrs IN RATES
For each Nct 70 s1eeed
mile Jsr sny dist.
Mills Cents.
Flour. ..,,,.........,,...,....4 60
Wheat. Observation-Disclosures. 10
PORK .....'... .............,.......4 10
Whiskey and high wines .............,4 10