The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-04-09
COMMERCIAL. AFFAIRS.
M O T. Y M RK EFT.

r
THURSDAY April S-6P.M
There active movement in all the fances to-day
Speculation has taken fresh start and is likely foy
time to run full strong at any time this season
Those who in purchasers at present prices
have an immense amount of confidence in the value of
the leading stocks the market An advance may be
realized but it can only be small, and hardly worth at
best the risk The two most inflated fances Erie and
Reading railroads Notwithstanding which they continue
the most active the list Norwich and Worcester Iar-
lem and Long Island have for sometime past been in
moderate demand and prices have either been well
tanned or have steadily improved Nicaragua Transit
advanced two per cent from the opening and three per
cent since the close the market yesterday The sales
nue small and the amount of stock in the street pro-
baby turned many times from hand to hand. Par
ties intimately acquainted with the operations Of
the company. present and prospective, are not dis
posed to part with their stock The few shares the
market were brought out by the suspension of house
holding them and since they have been floating about
among the bulls and bears New Jersey Zinc Company
quite active to-day, at slight advance in prices
The success which this company has met with in the
manufacture of zinc paint and the prospects which are
rapidly developing with regard to its immense mineral
wealth. have led to host of mitators each protesting to
be the possessor Of similar to those of the New er
sey Company sofar yet known nature has seen fit
oxide of zinc and Frankinite 1t is therefore clear that
new enterprises based-as is representation the same
mineral formation. are simply frauds, little likely to be
discovered until the money appropriated to their develope
ment is expended and their entire worthlessness made
apparent Canton Company went up at the irst
board to-day one per cent with sales to extent
We notice considerable activity in this stock in Boston 1t
is quite favorte with the Bostonians 1t is confidently
stated that the stock is worth fifty per than
it is selling at. We have no doubt holders in Wal
street will supply purchasers in Boston and Baltimore
with all they want at several per cent below hundred
We nave repeatedly se~'i@~aa srnrnators against this
fancy 1t is subject to such powerful galvanic shocks
that it is impossible to tell day where it will be the
next. Phenix Mining Stock was in demand to-day at
prices realized yesterday As this company gets
fairly into operation its stock will command much higher
rates than those ruling. 1t is about time we had
report from the Morris Canal Company relative
their future operations The stock has dormant
nearly the whole of this There sales at auc
ton to-day Of two hundred shares Of Daupn and Susque
hanna Coal Company at 522 buyers option sixty days
| This is little below the last sale at the board
The receipts at the Office Of the Assistant Treasurer of
this port today, amounted to Sll0227 27 payments,
| ISAAC 65-balance, So 1868, go 66.
The National Insurance Company Of Boston have de.
clared semannual dividend Of eight per cent
The Harrisburg Portsmouth, Mountoy, and Lancaster
| Railroad Company has declared semi annual dividend
of three and half per cent the Honesdalc and Della
ware Plank Road Company semi annual dividend of
| four per cent.
Manufacturing stocks steadily improving in market
value and continue to engage attention for pcrma
nent investment. The greatest advance has been in
water-power companies Essex Company has run up
from 81 to 81: within week ten days. Hadley Falls
Company has also improved The manufacturers of New
E,.1c tl,a,~
greater variety Of articles which will enable them to
take advantage of all the different markets and avoid
those losses which frequently arise from supply
certain manufactures
The effect upon the bonds Of the Chesapeake and Ohio
| Canal Company, resulting from the recent act of the
Maryland Legislature chartcrng the Cumberland Coal
and Iron Company has been most salutary Less than
two weeks ago they heavy at eighty per cent
they brisk at Ss7 5o with upward tendency and
| bid fair to go to par.
The receipts Of the Long Island Railroad Company for
the months of February and March, 1852 amounted to
against 255l0 II for the corresponding months
last year showing an increase for the two months Of
| S1,s46 CO.
The large dividends declared by most Of the country
banks show that they have been doing profitable bust
The line Of discounts in banks generally has for
some time past been largely expanded, and with only
few exceptions, all loans made have been promptly paid
at maturity Business paper has for some time past
proved good and the prospect Is fair for long period Of
property The following banks have recently declared
dividends
New Bedford banks:--Bedford Commercial Bank per
cent: Merchants g. and Marine per cent each for
months Mechanics per cent; New Bedford Institution
for Savings 2s per cent for six months payable the
18th instant fairhaven Bank, in Farhaven per cent
liavcrhl banks-Merrmac Bank 3f per cent Haverhill
per cent Union per cent the Essex Bank is to in
terest on the stock. Salem Understanding per
cent Commercial a. Exchange 3h, and Salem 8. New
buryport-0cean 3; Merchants 47ths; Mechanics 8
per cent springfed:-Agawam Chicopee, Western, and
John Hancock, per each Springfield 81 per cent
Lynn:-Mechanics 4 per cent The Lynn Mechanics,
tre and Marine Insurance Company has also decared
dividend Of 10 per cent payable Monday. Lowell banks
each per cent. Laiehton (Lynn) and the Waltham
Banks each per cent Bristol County Bank CTaunton1
and Tradesmens' (Chelsea) per cent The Gloucester
Pank has declared scmannua dividend of 4 ner cent
the Rockport Bank and the Maiden Bank x pcr cent
Portland banks:Canal Bank per cent s2 900: Casco
Bank 3la S105O0; Merchants Bank a. So 0oOs Manufac
turcrs and Traders Bank D. $4,000: Atlantic g. $4,000
Bank Of Cumberland per cent SIS coo Providence fR
banlts:Benk Of Commerce and Bank of North Anne
RIGA each ~ per cent
An important meeting of the first class creditors Of
Texas will be held in Washington city the 18th inst
instead Of the 18th first stated The object Of this
meeting Is to determine whether they will accent the
settlement Of their respective claims rendered them
under the provisions Of the passed by the Legislature
of Texas approved the 31s Of January 1852 II is par
tcuarly important that every creditor should be present
or be represented in way TO render the pro-
ceedings Of this meeting decided and definite Some un
certainty has existed relative to the payment of Texas
scrip under the late law Of that State appropratng two
millions to the liquidation OF the first class debt when
the import duties were not specially pledged, and the