The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-06-07
nj q N T. Y M "A Il * e II.

SUNDAY, June Go r. NJ.
During the past week The stock market has been quie
and prices have throughout been steadily settling down
We have feature to report and it is impossible to
tell what may be the of prices from day
another The market is sustained entirely by the
of holders Stocks be hypothetical with
moderate margins at such low of interest that there
is no necessity desire to sell and very little stock is
therefore pressing for sale This is likely be the course
of things in Wall street during the dull Money
Is 80 abundant and the difficulty Of investing SO great
that the only way TO realize moderate rates OF
eTet il 70 purchase The leading fancy securities on the
market and patiently wait for dividends Erie Railroad
Las fallen off three per cent from the highest points
There + learn, considerable doubt about the next
dividend Some Of the directors opposed to making
AIRY in favor Of stock dividend The pro-
liability IS that ca dividend Of three per cent or irac-
ton under viii be declared This has been prcttp freely
circulated through the street and il doubtless the cause
q the depression in tho market value Of the stock Har-
lem remains without material alteration. We have not
heard much about the August dividend but the proba.
blity is that it will be the last year The com
pany are spending great deal Of money on the road
which comes out Of the earnings This is improving the
actual value Of the stock although does not seem to
have favorable effect upon the market value Nicaragua
Transit Company has fuctuated considerably recently
dividend Of two per cent win be paid the 18th inst
and il is stated that quarterly dividend Of at that
amount, will hereafter be declared Tho above named
dividend with surplus which has been reserved for the
more rapid improvement of the route has been earned
within the past four months. The plank road, twelve
miles long, from san Juan del Sur. the Pacific
Virgin Bay, Lake Nicaragua. will be laid with iron
rails. and horse mule power used for trans
portaon. This with the improvements continually
going on in the navigation of the river will reduce the
time oftrans from ocean to ocean to twenty -four hours
Ip u;it 10 49,
freightng business that may offer The market value of
the stocks will Of course huctuae largely and suddenly
for some time like all others when FIRST nut upon the
market; but will ultimately become steady and as il
becomes better known, command better prices New
Jersey Zinc has been heavy for days past,
and transactions limitcd-ihis is the result Of a
dull market III company s rapidly extending It's
business. In May, the gales amounted to thirty.six
thousand doars-which i, increase Of Gry per cont
on the previous month. IN The sales will exceed
fifty thousand dollars, If the lie and can be supplied
There is no good reason why this company should be
restricted in its opcraonst has capital enough room
enough mineral enough, and IL should have facilities
enoughto turn out fifty tons of paint per day ii it was
wanted The Morris Canal has thus far this year earned
considerably more money than for the same time last
year For the first seven weeks Of navigation this season.
the receipts from tolls amounted to $50 325 s. against
$3321 40 for the corresponding period in Is5ncreasc
$4,000 TO- It cannot however be expected that this
rate Of increase will continue throughout the season. as
the canal not navgabc throughout its entire
length, until time in June last year Long Island
Reading, Hudson River Norwich and Worcester remain
about the same-no movement has taken place in !
either Of them and change in their prospects-a il
doubt and uncertainty relative to future divdcls while
their earnings show increase equal to railroads gene
rally throughout the country.
Bids the bonds Junction Railroad Conn.
pany ranged from S5t to o551js per cent Successful
bids were from so per cent upwards.
The Gank of Baltimore has declared semiannua
dividend Of three and half per cent
The arrivals Of produce at ogdensburgh during tho
months II April and May, 1856 551 bbls. of -four
l03217 bushels Of wheat, and 3I73O bushels Of
bout one quarter Of the -four from Canada, and
coo bushels Of the wheat Weekly reports Of rcceptsat
Dunirk for transportation the Eric Railroad would
be interesting and important to produce dcalcrs
The clip OF wool in the Western States this year. u "
estimated will exceed that OF 1851 about fifteen per cent,
In Ohio alone the clip will be about fourteen fho"so'
Bounds Australia has heretofore been grea, woo' grow
nr country and large shipments have been maze annu
M IN croat Britain This year the receipts OF wool into
nd from Australia likely to be much smaller
-, ns,o, In consequence a the excitement caused by
10 ,roduction Of gold dust and the scarcity Of labor
re In agricultural pursuits. This may have a very
favorable influence upon prices of wool In this country
md upon prices for wool manufactures generally.
The annex,d statement exhibits the gross receipts Of
he Genital eaio"d Company of Georgia, during the
urt ~ Icrsif IN cash q .he past tive l.ca! yca.s