The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-07-29
FINANCIAL AND COMMERCIAL.
NOM Y Man K r. r.

The decline In quotations for the leading fances still
continues At the first board to day there large
amount of stock offered for sale, part Of which found
at lower prices than those current at the close
yesterday The bears took in good deal Of cAsh stock
which helps to sustain prices But for this there would
without soub. have bsen another stampede. At ths
frst beard Canton Company declined II per cent, New
Jersey Zrc ~ Niosragua Transit Cumberland Coal u,
Parker Vein ~, Norwich and Worcester Y, Pheoix
Gals Crystal Palace 8, Harlem u The coal stocks
appear to he particularly aimed at by the beArs The
stock market generally is in . bad way, and
prospect Of any improvement Tho money market is not
lk ely to favor holders The banks placing them.
selves in a position to the system Of reports
goipg into operation soon aAd have doubt there
will be a curtaiment in all the leading departments
The election Of Mr. Nelson Robinson treasurer Of the
New York and Erie Railroad Company has had effect
one way the other the ma ke value Of the stock
he represents large body Of stockholders AID holds
large quantity stock He stands Mt the head Of tho bull
clique, and only accepted Office bacsuss no one else
could be found We have not the slightest expectation
that he will Introduce any reforms into the uagement
Of The compsDy's finances reduce the amount Of
pepd,urcs dollar Nothing has in fact been gained BY
the charge The Nicaragua Transit has been heavy for
several days past Trouble ncipated upon the
Of Commodore Vanderbilt 1t appears that whom he
agreed put boats upon the route the Transit Company
contracted pay him twenty per cent Of the gross
espts for the transit Nicaragua This pay
vas .guarly made Mr. Vanderbilt up to the time he
ef, IN his yacht for Europe Since, the company have
refused to make pa, ments TO VAnderbits agent, and
there Ia very little doubt but that upon the Commodorss
return summary measures viii be taken to collect his
demand Ths has talked in tho street and the
dsene in The stock may be partially attributed to t.
The receipts at the Office Of the Assistant Treasurer Of
A.. p%o6 IN IL.
sell $40 oe-balaD &C. 81, ,07e 49,
The made time since 10 sction
With the kcCulock Gold and Copper Company daily
corroberated BY testimony from all quarters The
is further confirmed ny the price Of the stock at such
cIitis this when ell stocks declining This stock
Il il demand by parties who have made themselves
quainted With the immense value Of the mine both for
copper ard gold The demand not supplied to day at
~ per cent.
Nj Simeon Draper will hold his usual weekly sale o
Iuorrov, st half past IL O'Clock, as the Msr
chants EActange
Mr. ] Ross suovden he nirs,tor Of this Mint, ha, Is
tu.d Iculsr gsipg "Doce that from and after the
18th cay Of August Iext pay meats for silver purchased
for The Philae eptia, and At the branch miut
New OIl,aIs will made three fourths in silver Of
pew emission, and fourth In goli Ia accordance
win xitpg arrangements, tho whole price viii bs adj
&C var c. In the frst instApce In gold and the
coin Ia ready for issue it will be paid olt 10 the pro-
portion specified In exchange for gold returned by the
parties selling silver and in the order OF their priority Of
sa.es.
At the New Orleans Branch Mint option Is reserved
subSttv'e psruay entirely craft, the Asistsot
Treasurer New Yo,k for tho gold ohsr~tc p.yabie Tor
siyer puycbstsd The preseDt prices Of silver sbioh
WI he continued until furhsr notice. follows
For dollars ~ Mexico Peru 30 ivia Chth and S,4iu
for aDcs and for silver Of the Uoed States other
tnsp ,h. three ospts, 81 II an gross
Eat hale "A Asd NDrthn Itaer nf
G,ruapy, 81 oil en- ounce.
Tor silver in bars for mixed coins Ard for other silver
ooiss beysn speciAd 81 Il toe Zach at ssud
ard Gneness (hinetentbs determined assay the
mint
The Michigan Southern and Northern Indians Rail
road Company have leased the Old Frsnkns Houss
per No 1913 Broadway, for general railroad business,
rbero travellers and eshers from all sections Of tina
country and particularly the western and south western
pertion be accurately posted On oil matters of In.
terest The necessity Of exploring this great city Is
heretofore by the tourist and shipper, seeking for re
able information, travelling ticsefs &c may nov be
dispensed with. NE SUCCESS Of the shove rsiresd