The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-12-18
FINANCIAL AND CONNER CiAL.
ION Il Y NJ A Il TX r II.

FRIDAY, Dec, lI-b K. N.
We abatement in the speculative excitement in
Wall street. There very active demand to day for
all the fancies and the transactions principally for
cash. AT the first hoard Morris Canal won't up 4 psr
cent; Cumberland Coal, 81 New Creek Coal ~ NIcara-
qua Transit, ri N. J. Zinc, 4; Edgeworth, y; Long
Island 1; Rochester and Syracuse a; Norwich and
Worcester ri stonington III Erie Railroad, a. Parker
Coal Co declined per cent; Cary Imp. Co, e; Canton
Co, 8; Montgomery Mining u. At tho second board
the market quite bueyant and at the close the de-
msnd was active Morris Canal advanced u Per cent;
Ncarsgua Transit q; Phoenix Coal Co., Ia; Parker
Coal Co., TX; N. J. Zinc, K Cumberland Coal Co 4;
Stonngton Vi Erie Railroad, r. There were large sales
Of Morris and NJ Zinc The demsnd for the fermsr il
entirely speculative and for the latter almost wholly
Investment Nicarsgus Transit and all tho leading coal
stocks tending upwards and appear to b. In strong
hands. The money market was little tight this morn
ing In oelssqusnce Of the banks settling their balances
This created active call for spocie which for the
ment unfavorably affected stocks. The furry all
this afternoon and the upward movement in prices
resumed.
The receipts at the Office Of the Assistant Treasurer OF
this port to- day, amounted to 500 4S6 90 payments
$l05 GAL 4b6-alanoe, $3458,146 81.
The bank Of North America has declared dividend Of
three and half per cent The Peoples Bank three and
half per cent.
The Merchants Bank, Newborn, North Carolina has
declared dividend Of four per cent Bank Of the State
Of North Carolina Eve per cent.
The Boston and Maine Railroad Company, have de-
clarcd semi annual dividend of three and half per
cent payable January and leaving surplus Of thirty
thousand dollars from the earnings Of the last six
months.
The Appleton (Mass) Manufacturing Company have
declared semi annual dividend of three per cent and
the Hamilton Manufacturing Company four per cent,
payable on demand.
The Legislature Of Now Hampshire have decided against
the Free Banking system. This is in character For
several years the Legislature Of that State refused
grant charters to rarsad companies. The peoples
prcsentativos in that State decidedly behind the age
By the arrival of the steamship Africa from Liverpool
lave three days later intelligence from Europe We
have no change to report in the cotton market Opera
TONS for two three days previous to the departure Of
the stesmer had been rather limited and the close
prices steady. Breadstuffs had been quite ami.
mated and spectators very active An advance in -four
has been the result Indian to arrive had been sold
at better prices and the market is thought fir
In other staple articles Of export there had been
change. The iron market steadily improving and
active demand existed, ~ full rates. In financial
affairs all quiet and steady Railway stocks were
considerably depressed In consequence Of tho Bank
England having determined to check speculation
much possible It estimated that the next return
Of the Bank Of England would show increase Of be-
tween three and four hundred thousand pounds In
the stock Of precious metals great had been the In
fux Of Australian gold. American securities have been
In active request and quotations have n instances
improved.
BIDS for the six per cent convertible bonds Of the
Covington and Lexington Railroad Company guaranteed
by the city OF Covngton Kentucky will be opcusd Mt
three o'clock, on Saturday, Ito morrow Decsm.
bprl tha sffc NJ opta a. IN Wal
street These bonds are in sums Of 81 600 each and
payable September l. 1872 with coupons payable semi
snusly in this cry. They issued nnder tbs fullest
legal ssnoticn they have the additional security Of the
guarantee Of the city Of Covipgton authorized by spe
eial act Of the Legislature Of Kentucky vote Of the
citizens Of that city and ordinance OF the City Coun
ell The authority to make the guarantee extends only
to $500 GEO, Of which those Offered tor sale arc
part. The Covpgton and Lexington Ralro d Is ninety
six miles long connecting the city Of Ccyington In Ken
tucby, opposite Cincinnati with the city Of Lexington.
The estimated cost Of the road duly equipped IL
s2s54 SCI. Tho present available stock subscription Of
the company Is about sl,5ooooO, which 1, being In
creased Tho entire debt of the company including tbs
bonds OF rcd for sale "a 5000 0oe The charter Of
the company iats the amount OF funded debt to the
latter Thirty eight milo, the line pext TO Covns
ton will be competed and in operation by the lat day Of
May next the residue Of the us to Lexington about the
let Of November 1853 The iron rails for the entire line
are purchased mostly Of American manufacture at rates
$40 per ton less than presea. prices About ST. 900
hiss been expended on the work up to this date.
The commissioners OF Franklin county, 0his, will SOL
$4,000 OF sto,k held by the county in the Cleveland Co.
lumbus ana Cincinnati Railroad at Columbus on satur
day. tho 18Th inst to the highest bidder Sales la lots
Of S. goo os mere, 70 suit purchasers
The annexed statement exhibits the quantity and vas
Of foreign dry goods catered at this port for
tsr wnrehsusIng. snl he vithdraesls fSnynrsnspsA