The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-06-23
COMMERCIAL AFFAIRS.
nj o n EY Nj ARK EFT.


AT the opening Of the FIRST board this morning. Tie
market exceedingly buoyant ard the fancics
particularly active. Reading in demand and nearly
four thousand shares changed hands at advance of
per cent. Erie Railroad improved = per cent with sales
to some extent; New Jersey Zinc inquired after and
went up Il per cent within the past two weeks large
amount Of this stock has been put upon the market
which slightly depressed prices but holders took all that
offered and very little be obtained except at
handsome advance 1t must be borne in mind that this
company have between two and three hundred thousand
dollars Of its capital in that it entirely out OF
debt and that its earnings increasing from month to
motrh at The rate of full fftylpcr cent. Penn Coal Co.
advanced 4 per cent with sales of about three hundred
shares Florence ana Kcyport per cent North Amcri-
can Trust, - Delaware and Hudson II; Metropolitan
Bank, ~ Nicaragua Transit Co., AZ Hudson Railroad
-. At the second board, New Jersey Zinc adyanc.
ed - per cent; Reading Railroad, -. Dauphin
Company declined = per cent, and Penn Coal Com
rany =. The market closed firm, with an upward
tendency The next steamer from California viii bring
about two millions of gold dust. She will be due on
Saturday The banks make their quarterly returns to
the Comptroller of the State sometime within week ana
the arrivals of gold lately have been large ard the
departures limited have doubt they viii show
greater amount in hand than before reported
The receipts at the Office of the Assistant Treasurer
Of this port to-day amounted to S30T IL. payments
ss5,S62 s7-balancc s4,o122ss 10.
The Tradcsmens Bank has declared dividend Of three
dollars per hare. The United States Fire Insurance
Company semi nual dividend Of ten per cent
The Ocean Mutual Insurance Company of Baltimore,
have declared dividend Of twenty per cent The
earned premiums for the pact year. which certificates
viii be issued dividend az six per cent in cash on all
certificates heretofore issued and dividend Of three per
cent the cash capital Of the company FOR The last half
year
The receipts The Vermont Central and Canada rail-
roads in May this year, were is $40 the previous
four months $131 Geo. making the total in months
about $4,000, which is equal $50 per month
the average
An injunction served this morning upon the Ne
Iopoitan Bani granted by Justice Watson Of the SUI
prone Court. at Albany application CT L. $. Chaticld
the Attorney General Of the State Of New York forbid
drg said bank from receiving deposit or in any maa
nerdealing IN uncurIent money discount Proceed
nss baYe also been instituted by tho Attorney General 10
apnu tie charter Of said bank, in luencc Of its
supposed violations of the law IL appears bv
this that the contest between the bank and the brokers
s,ir going on vigorously The bank has we should think
with suits and njuucticns about as much law business
hand il could well attend TO- Thus far very little
has bccn accomplished either side. We do not see
that the banil has improved the currency much that
the bill brokers have been much restricted in their opera
tions The bank seems determined 10 receive
money in way. and has issued the following drcc-
lions TO it, customers
The bank viii shortly be heard The true state of its
mode o. doing business ard Will then its ordinary
In the meantime IL viii receive for collection,
the same descriptions " uncurrent money ii has
heretofore rece wed deposit it will allow drafts in
anticipation thereof, for the accommodation Of its
dealers. 10 satisfactory amount and when the bills
credited will make charge for collecting them not
ceedpg The amounts heretofore charged or discount
Ir u
the amount ii bills Of each different bank composing the
deposit.
Whether Iii. violation II the injunction not. il
question tie lawyers win dispose Of perhaps today.
The brokers Eel confident Of using up the bank in fact
both parties are sure coming out of The contest VIC
toIous. The public deeply interested in this move
mont and the country banks will watch the a. il
pIcgr, with great deal Of xesy and apprehension
Counterfeit iFcs on the Manhattan Bank have iust
made thor appearance II This city The Of The
institution i IN circle over The top Of the note In the
centre, large dark eagle The ends very rough and
couI e, with the figure each. II i not calculated t.
deccycigocd judges
The bonds OF tic Conondaigup ana Corning Railroad
Company amounting to $4,000, win be sold this day
Wcdne day., Al tie Merchant E.changc at II O'Clock
The sale viii bc public and pcrcmpory. Capitalists viii
find these bonds saio investment equal to any nov, on
tho market They have only about four years 10 rirn
frs. Of May and fret of November in each year ,hcp
herd Knapp and Hham kotchuin have been appointed
trustees for the bondholders 10 whose favor mortgage
81 tie entire property o. tie company has been executed
Til road I, in active operation ard earns more than
even per cent It. prcsent cot. The rsal i rr7.
pe4iy equipped for the transportation q the traffic e.
icrrg ana several and extensive connections Nit
otlcr lines about being made more facilities
Quircd which tho company ntCrd supplying with
The proceeds 81 Tie above sale u second n.prago
londg The population q the couDties through
which the Canoplaleua ont Corning railroad passes
: f5i 0s4 acres ~ hand, Sol yluc Of real
estate AS O565lo value q personal estate - 16l
63o The line i thcly studded with towns and yilagcs
and the local business IL likely T. be equal % thot II any
Other road in tie state. Wit, The road properly equip
ped and with Of the sections If lie Canaan.
daicua and Niagara Falls road opened he directors
confident that tho receipt ef this road will 10 nearly
not quite doubled To fact that The local receipts
FOR he inst year With all s disadvantage Sufficient
70 maintain Tic road i considered highly encouraging
Tic length q this road being forysoyen miles he mort
gage deot viii ~ about Sill 900 pcr mile css than
half The cost q construction, which makes this oap
equally secure with the unque,tioned bond and
mortgage. These bond diltr from many u thoae
in thu market ~ tic fact II an al ual tangible security
being offered, as the road is completed and IN actual aud
profitable operation The ohCapness OF money The sccu
rity Of tie investment, and the high rate Of interest
paid must create active competition for these bonds
IN addition to the bonds Of tie Csnsadagua aud Corn.
Ing Railroad Company 70 be sold above namcl tho
fret gage bonds Of the Peoria and Aquawks Railroad
Company OF Illinois amounting TO $500 600 bearing in
terce the rate eight por cent the 6rt mortgage
bonds Of the Corning and Hossburg Railroad Company,
:. Sg ~. 'ncgn.ts 2 fa3co9 osag'n5 se'en Pc