The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-07-17

FRIDAY, July 16-6P.M
The stock market opened heavy this morning. and con-
tinued - to the close There was great variation in
prices holders do appear disposed to force stocks
upon the market At the first board, Delaware ana Hud
son declined u per cent; Pennsylvania Coal X; Nj
caragua l; Edgeworth u; Montgomery, q; Harlem,
u; Erie Railroad "a; Michigan Southern Railroad "
Florence and Keyport advanced Y per cent; Reading
Railroad. q; Norwich and Worcester, y At the second
board North American Trust up per cent; Har-
lem Il. Pennsylvania Coal Company declined u per
cent Canton ompany, al Morris Canal, q; Erie Rail
road 4; Reading Railroad a There sales OF
Long Island at either board The receipts of the CON-
pany for the first two days in July this year. amounted
to 962 a. against s7ol5 as for the time last
year Increase in ten days this year. 1885 &c. averaging
nearly hundred dollars per day.
The Albany and Schenectady Railroad Company have
declared semannual dividend of four per cent; the
New Jersey Railroad Company five per cent.
1t appears from the steady Improvement going in
prices for pabc secuEes in this county and in Europe
though capitalists generally did participate in
those apprehensons which financial writers have
anticipated relative to the rapid increase in the supply
of gold Consols have advanced to premium Of
per cent United States Skies sell readily premium
of twenty per cent; and in fact Of all kinds are
moving up rapidly and perhaps permanently This
however, depends on so many contingencies, that in,
less than twelve months the entire complexion things
may change and may find ourselves upon the eve of
of those revulsions, commissions that will far
coed In magnitude anything of the kind before
perienced II is the impression Of many that the great
for all evils that may from time afct the
financial or commerciaLcasses il plentiful supply of
gold and silver This very true and very WELL
it goes; hut probably will not go far enough At all
events that is the greatest danger have to guard
against II public and private credit-f financial and
commercial operations of all kinds-youd kean Wi
proper limits, and increase faster than tho addition
supply Of precious metals would justify the basis
would continue sound and progress would be healthy
and permanent but fear that such will not be the
case and that the result will be far different than
the existing state of affairs would warrant us in
predicting In times past have not been able
to check the expansion of credits in to pre-
vent disastrous reactions, and the impetus has al
ready become great that hopes Of doing
now 1t is characteristic of people to 20 far be-
You'd their depths in all speculations and mercantile
transactions and have idea that the present period
will be exception to the general rule Up to this time
have kept in advance of the Of payment and it
is only the prospect Of large supplies of gold that
tains public confidence Destroy that belief and the
foundations of credit would at disappear Up t.
this time the expansion Of credit has been to great
tent artificial The banks with very little specie
hand than they had three years since have extended
more Que OF QOars
Incorporated companies of all kinds. have largely in
creased their Indebtedness states. Cities counties
towns villages, put bonds upon the market to an
enormous amount individuals have easily obtained credit
unlimited extent and every facility for carrying
any speculation, any legitimate enterprise has been
put into active requisiton The movement is daily gain
ing strength every week will add it, For time
there may be greater difference between the cause
and the effect than exists this moments but when it
wideniDgwhcn it becomes necessary to
to Of artificial character to sustain the
huge structure built upon paper foundaton-we may
look for results similar in character those which have
marked similar movements but ten-fod intense
and disastrous.
The receipts at the Office of the Assistant Treasurer Of
this port to day. amounted to S1G0,544 SO payments
SS7 465 54-balance, s4154 $50 CO.
The of tolls collected the Illinois and Michi-
gan Canal the opennng navigation the eth OF
July, 1852, s73ol2 SO.
The Edgeworth Land Company, Of Massachusetts have
at last made report The directors make out more
favorable story than that published By the investigating
committees but it would be very difficult for those ne-
rested to tell which the most The annexed
statement exhibits the balance sheet of the companys
books on the let Of July 1862
EDGrwoRTH LAND CoSrASY MASSACHUSETTS,
Valuation Of assets by Directors. S3o1101 3s
Liabilities, adding $4,000 for couugc ncies.. $3.50 81
surplus essets... .SZo9o2I vi
The capital is represented by twenty-five thousand
Shares which worth according the above estimate
nearly eleven dollars per share The difference between
the investigating committees estimate of surplus and
the directors is Al in favor Of the directors This
variation is principally caused by different valuation of
the apdthe directors adopting the average price of
sales and the committee estimating by comparison and
inquiry The difference in land valuation is Sos S74 90
BY survey it has been discovered that the land
comprises fourteen than had been previously
reported which estimated to be worth twenty thou
sand dollars leaving balance Of 5323 40 This balance
If mostly made up Of difference in valuation Saugus
Branch Railroad stock which the directors put down
at par and several items which not furnished
the investigating committee.
The annexed statement exhibits the quantity aud value
Of foreign dry goods entered this port pton
for warehousiug and the Withdrawals from warehouse
during the second week in July each Of the past two
years
MoyFNIrNrs ~ FoREiGS Day Goops
Entered for Consumption
% week in July .....-1SJ1--9 ----iS52-,