The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-08-07
COM NJ E CIAL AFFAIR S
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MONEY MARKET.
TRIpAy. Allpust. &

FRIDAY. August % r. NJ
There favorable reaction in the stock market this
morning and the bulls have taken hold with good deal
Of spirit. Reading Railroad the great card and
than FIVE thousand shares sod at advance rang
ing from to and quarter per cent. The
ment in this stock is certainly astonishing It will break
down Of these days. and carry Of the larger
holders with it. 1t is selling for double its intrinsic
value Harlem, Erie, and Hudson River Railroad in
demand TO day. at better prices At the first board Erie
bonds, 1871 advanced Il per cent N, A. Trust ri Can
ton Co. Il Montgomery Mining, u; Penn Coal Co. al
Florence and Keyport, 14 N. j. Zinc, al Nicaragua
Hudson River Railroad, "a; Long Island u. Norwich and
Worcester declined q per cent. The market buoy
amt and between boards prices fairly maintained If
this is not the commencement Of the fall RISE must
look for it. At the second board there gen.
eral improvement and considerable activity. Hudson
River Railroad went u per cent Erie Railroad u; N
A. Trust ri Erie bonds 1871 III Hudson River Railroad
second mortgage Il, Harlem and Reading closed at pr
current in the morning There good feeling ct
the close and the tendency upward.
The receipts the office of the Assistant Treasurer Of
this port to day. amounted to $780, 036 OF payments
S3S,02S e7-balance, $4,4s3So5 o..
There moderate demand to- day for foreign ex-
change for remittance by the steamship Arctic
row, Saturday, and rates previously quoted
rent. Bills on London quote at 10A 1OH per cent
premium Paris, ST 1614 Of Is Amsterdam, 40a4
Al Bremen, 7s2 T9 Hamburg, s61l 8616. The
steamer will not take out much specie About three
hundred thousand dollars have been engaged
The Butchers and Drovers Bank has declared semi.
annual dividend Of five per cent and extra dividend
Of five per cent Bank Of the Republic four per cent
Manhattan Bank, four per cent New Haven Railroad
Company, three and half per cent Lorrillard Fire
Insurance Company, five per cent
The earnings OF the New Haven Railroad Company in
for the month in 1851. Increase in July 1852
s7,1s7 S.
The Buffalo and New York City Railroad Company will
offer for sale at auction Thursday the 18th day Of
August two hundred and twenty four thousand dollars
OF It's first mortgage per cent coupon bonds inte
rest payable semi annually principal redcemable in
July 1866, ut the Mechanics Bank in this city The
bonds secured by the first and only mortgage that
psit of the road running from Attica to Hornellsvc
sixty miles in length, the cost of which, independent
Of locomotives and cars, twelve hundred thousand
dollars. The company have purchased twenty three
miles Of the Buffalo and Rochester Railroad track from
Attica TO point eight miles from Buffalo The latter
company building track direct to Batavia COM
mencng at the point just mentioned. 1t will be com
plced by the 1st Of November next when that company
to give possession Of the twenty miles to the
Buffalo and New York City Railroad Company The
companies building the eight miles so that the
whole read win be completed in the month Of November
next and the cars running from Buffalo lorneilsvie
where IL interests the New York and Erie Railroad.
three hundred and thrty.two miles from New York
making the whole distance between Buffalo aud New
York four hundred and twenty three miles, being tho
shortest most direct and convenient connection between
New York and Buffalo, At Buffalo the road connects
with railroad organized between Buffalo and Lew.
iston by Of which direct communication will be
created between the Eastern cities, Niagara Fals aui
Toronto Canada West, without break at Buffalo.
The Hillsborough and Cincinnati Railroad Company
are IN the market Tor the sale of hundred and twcu
yve thousand dollars Of its per cent first mort
gage convertible coupon bonds redeemable July lst
iso Ihese bonds form part Of an issue Of 100000 Sc
cured ~ mortgage on hftysovcn miles Of road from
Loycland Ohio, to point twenty miles eost Of FIDs
borough They issued to meet the expense incurred