The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-04-15
soMMERCIAL AFFAIRS.
MONEY MAR K IT

Il. III.
The demand for fancy stocks not so active at the
first board to-day and opening prices not sustained
The market closed little weak At the first board Nor
ris Canal fell of y per cent Canton Company u; Ports
mouth Dry Dock Al Nicaragua /; Erie Railroad III Nor
wich and Worcester al Reading Railroad x; Harlem n;
Hudson Railroad IA Delaware and Hudson Y; Metro
politan Bank y; Erie Income Bonds y. New Haven
Railroad advanced II per cent. The activity in Morris
Canal continues but it has particular effect prices
Holders Of most of the fanses looking the round
figures There many SPECTATORS in the street who
have made up their mind to sell Erie at co. Norwich and
Worcester at CO. Morris Canal at 90 Stonngton at co.
and so on but is impression that when these prices
are reached holders will fix their minds upon
thing beyond. and wait for ii to come 1t is gene
rally best to sell fraction under the point many
operators are looking for, as it is invariably most
difficult to touch the mark named. An advance OF
one per cent pretty sure to increase the number Of
sellers in the market every rise prices makes it more
difficult to go beyond At the second board the market
was altogether better There active demand for
the leading stocks at prices considerably higher than
those current in the morning. Harlem advanced J, per
cent New Jersey Zinc. = Erie Railroad a Nicaragua
Ia Portsmouth u Reading Railroad =: Canton Com
pany, - AT the close the tendency upward and the
speculative feeling strong.
The receipts at the Office OF the Assistant Treasurer of
this port to-day amounted to s7042 79 payments $780,
5Z7 rs balance, $50 104 "a
The Mechanics Bank has declared m-annual diyi-
dend q Eve per cent The Fulton Bank five per cent
The steamer Pioneer has been chartered by the Van
derbt company TO run the route from San Juan del
Sur to San francscothis makes the fifth eteamcr now
employed that line This increases the traffic Of the
Nicaragua Transit Company.
The success Of the New jersey Zinc COMPANY which Il
attributed entirely to the quality of the ore its alum
dance and favorable location for commercial purposes
has induced certain spectators to get up companies
similar character. with the name, without the mineral
represented company incorporated some time since
ior the purpose OF mining lead from section Of country
supposed to contain that mineral has recently been gall
vani2ed and the prime have represented that
valuable zinc mines are on the property There is
truth in this statement and would. be well enough for
the public to understand that discoveries have
been made there is but real mine in the United
States, and that is in Sussex county New Jersey 1t is
in fact the only mine of the kind known in the world
This favorable time palm of upon credulous specu
ators all kinds of bubbles and possible shrewd
gers may succeed in getting rid of large number OF
shares Of numerous fog Whatever price may
be obtained much profit and it therefore is
so much consequence what that price is long
can be manufactured to order
All want in Wall street make the stock list of the
Board Of Brokers perfect is about half dozen Caifor
man anu Austraian gold quartz mining companies
The list of English companies published in the HERALD
yesterday has attracted attention and created
great deal of inquiry We would not recommend any
Spectator in Wall street take hold any Of the com
pancs formed here. in California there is great
deal OF humbug in most of them but those got up in
London with actual bona fde. paid up capitals.
regular working concerns and will thoroughly test
the practicobity of mining the quartz rock proftaby
The shares of these companies command premium
although they have not yet commenced operations but
the managers have taken hold OF the in the right
way and not single cent will be expended not actually
required for the legitimate business of the company
Our latest accounts from San Francisco report the
arrival of twenty-threc English miners. including
assaycr and superintendent, their way to
the town Of Marposa Most Of these miners the
copper lead and tin mines Of England and sent
by the Nouyeau Monde Mining Company, of London.
Several parties Of miners are on their way to California
from Great Britain. There was at the latest date
party Of miners at Panama from En- gland out by
the Aqua Frio Company Several parties Of miners have
lately arrived in this city from England their way
California waiting conveyance to San Francisco by the
way of Nicaragua and Panama We shall hear some
results from the operations Of these experienced miners
among the quartz rock Of California large amount
machinery is the way in sailing vessels from England
and the Atlantic cities Of this country and before the
elapse Of another year many crushing mills will be
lively and we have doubt successfully engaged in
tracing the precious metal from the rock Most Of the
machines which have been put up in the gold mining
gion of California have proved failures not having power
enough to answer the purposes required.
The receipts Of the Macon Western Railroad COM
pany for the month Of March was S26402 r. against
sls590 06 for the month last year showing an in
crease Of S7sl2 II for the month
train Of loaded with coal from the Dauphn and
Smquehanna coal mines arrived in Baltimore on We'd
nesday and boat load by the canals and Chesapeake
Bay Friday last These the first arrivals this sea
son from the Susquehanna region.
We learn from the Jones6oro Gazette that the Illinois
Central Railroad Company have made satisfactory
engagements with the trustees OF the Cairo city property
terminus directly at the mouth Of the Ohio site
for depot has been selected within the proper city limits
of Cairo and the company and the trustees have
mined to unite in extending the present evees to total
width of hundred and thirty feet also raising the
whole embapkment above the highest water mark and
building immense stone wall outside Of the Mississippi
embnnkmcnt with foundation at least ten feet below
the surface efectua guard against the encroach-
ments of the current The track will be laid upon the
leyee coming down the bank Of river turning the
point in wide and returning up the stream The
entankment will also admit and be devoted to- the
ton Of warehouses stores hotels &c. Upwards of three
hundred miles Of the road to be put under contract
/ in the course OF the present and ensuing months
The official statement of the condition of the several
banks in the State of New Hampshire as published by
the Secretary Of State shows that the number
il twenty nine the amount OF capital actually paid in
1895 0o0 the amount debts due the banks occurred
by pledges OF stock S3445 the value of real cstae.be
longing to the banks s560I6; the amount Of all debts
due to the banks s51152ss; the Of all debts due