The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-04-07


TuEsDAy, April 6-6P. n.
There considerable activity in the stock MARKET
this morning. and there evidently desire among
several large holders TO get rid Of Of the leading fam
eiea Erie Railroad was particularly active but main
tanned itsef firmly Harlem in demand there being
more buyers than Sellers and prices advanced from the
opening. Canton Company the most buoyant fancy
the Het and the sales unusually large There are
Indications Of speculative movement in this stock, and
II would not surprise 10 great and rapid an ad
in prices any fancy has realized for long
time New Jersey Zinc closed at prices current yester
day Several companies have recently been formed in
this vicinity for the manufacture Of inc paints; but
believe that the Newark Company monopoly Of
thee peculiar minerals ranknite and red oxide Of zinc
The manufacture of good paint depends upon the purity
Of the Nicaragua rather quiet to-day At the
copd board yesterday holders were firm at advance
The departure Of the steamship Northern Light belonging
TO this line with nearly six hundred passengers for tran
sit across the Ishmus of Nicaragua has had favorable
influence upon the stock Reading opened heavy and
closed at decline The state Of the coal trade in the
Schuyki region is undoubtedly the Of this de-
preston in Reading Railroad stock The system
tenfvey practed In that section, Of forcing coal into
the market when not required operates very njurousy
upon tine mining interest. Dealers who own wharves in
Richmond have shown q disposition to purchase coal
from those who have not facilities for shipping at that
port at fair prices provided they would hold back lit
lie until the coal required This il accepted would
sustain prices and benefit all classes but these spccu-
lators whatever they be called appear to have
other object in view than sustaining fair prices
and making every effort to depress the market What
tends to depress the coal trade tends to the injury
Of the transportation companies connected with it. The
miners are at this earv day. grooming under the pre-
sent rates Of toll the canal and railroad and
than probable that both companies will be compelled to
reduce their traffic The effect Of such movement
be easily seen.
The receipts at the office Of the Assistant Treasurer of
this port to-day amounted to S181 634 40 payments,
$S6756 74baancc $31O4 233 76 For several days past
the mportatons judging from the receipts at the Custom
House, have been very large. Several packets have
lately arrived from Liverpool London, and avre, with
full and valuable cargoes and the appearance Of our To-
reign trade at present is decidedly in favor Of heavy
importation for the month The cessation Of specie ship
ments is calculated to give fresh impulse to Imports
and have doubt orders will be enlarged and credits
extended, which under stringent money market,
would have remained restricted As the specie basis Of
the banks increases the line Of discounts will expand and
facilities for making payments for foreign purchases be
mere easily obtained When we were shipping three aud
four millions OF specie per month importers
tious and cut down their movements much posi-
BILE. Such would before the close Of the year.
have placed our foreign trade upon better basis and
much reduced the balance against but could not
maintain such favorable and desirable state Of things
For time, at least shall probably 90 extrava-
gantly and hceessy tho other tack which will only
be arrested by large shipments of the precious metals
Owing the unusually cold weather. the condition Of
the entertainments will not permit of the opening Of the
New York State canals the 18th inst heretofore
announced. The Canal Commissioners have accordingly
postponed the opening Of the canals until the Goth
instant.
There will be o sale at auction omorrow-W enss lay
at the Merchants Exchange, Of four hundred and
seventy five shares Of the Phoenix Cumberland Coal stock
This the most prominent coal company In that region
and will bringing coal to market about the
LIST Of May next. All the improvements necessary to
turn out coal have cost but about fifteen thousand dol
lars which has been funded for twenty years This iste
only debt the company has. The mineral property 10
large an immensely valuable and the coal Of the most
superior quality The company have two outlets to
kettle Chesapeake and Ohio Canal and the Baltimore
and Ohio Railroad. The first boat with coal from the
Cumberland region descended the Chesapeake and Ohio
canal, from Cumberland, on the 9Th of March; since
which time, UP to the LIST Of April 1865 tons coal ana
064 Of coke have been taken to market