The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-02-10
FINANCIAL AND COMMERCIAL.


WEDNESDAY, Feb. 9-6 P. NJ.
There appears to be no abatement in the specula-
tive excitement In Wall street. From day to day
the transactions continue to about the extent
both for cash and time, and outside operators are
generally the most liberal purchasers. At the first
board, to-day, Nicaragua advanced per cent; Pho
nix Coal Company IL; Potomac Copper !; Harlem
]; Hudson River Railroad /; Florence and Keyport
/; Bloomington !; Michigan Central Railroad l.
Erie Railroad declined per cent; Cumberland t;
Morris Canal !; Brunswick Company l. At the
second board the market was very active. Morris
Canal went up per cent; Potomac !; New Creek
4; Phoenix IL; Erie Railroad /; Harlem /; Hudson
River Railroad Z. Canton Company declined per
cent. There were very heavy sales Of Phoenix at
both boards, and after the close There was bid
OF 80 per cent for large lot. AS wo antici-
pated, yesterday. the improvement has been rapid
and Of decided character. The parties originally
interested in this stock have come in again, at the
lowest dip Of the market. This movement, VIC UNI
derstand has been made in consequence Of tho pros
pect of getting early to market largo quantity OF
COAL very far superior TO that before sent from the
northern section Of the coal field. 1t Ia reported that
a movement is going on in Nicaragua Transit, which,
IL successful, will that stock up very fast and
very far. The earnings of the company since the
purchase ofthe steamers the line have been much
greater than anticipated. Very few transactions
have been made lately in Parker Vein, but holders
have confidence than ever in its great ultimate
value. The stock was offered at seventy per cent,
and sixty-siX bid. During the recent strinscncy in
TIE money market and depression in prices for stocks
generally, coal stocks were more firmly sustained
than any other class the list. The only effect of
much consequence on the principal stocks Of this
class was in the reduction of transactions. Govern.
mtnt securities railroad bonds and bank stocks were
in moderate request to-day, at prices previously
rent.
The receipts at the office the Assistant Treasurer
Of this port to-day, amounted to $217 O1S %; pay.
ments, S. ST. balance, 81 ,000.799 SO.
The receivers Of the Trust Fire Insurance Com
peny are paying final dividend Of five dollars per
share, ut the Merchants Exchange BAik.
We understand that the bills Of the Bank Of North
America, of Newport, Indiana, are redeemed in Wall
street ut the usual rate. The issues Of this bank
secured by the deposit of Indiana State stock with
the State Auditor.
The importations into this port to-day (Fcb. 81
have been as follows:-
Coffee 6C3S bags; dry goods $40 packages per Sea
Queen drugs Is tons birthstone 90 bags gum 10 casks
tartar casks ARGOS, 81 casks opium, yell
low berries, IL half barrels root Gsh $50 barrels
alewyes GG6 barrels herring $50 barrels pickled cod,
2.5 barrels salmon, As barrels halbut hides 81 seed,
642 bags steel 400 boxes OIL 80 casks cod rags, $50
bales; apoca 60 barrels tea 1880 packages; wood, 70
dozen logs rosewood; wine 300 ba skets.
The steamship Africa, from this port for Liverpool,
to-day, carried out two hundred thousand dollars in
specie.
The nllsboro and Parkersburg Railroad has been
let, from Hillsboro Ohio, to Parersburg, Va, dis
lance Of ll9 miles. for st.il5 ,000 the contractors
agreeing to furnish ill the requisite buildings ST.
tons, and outliouses, the line. The whole line
from ST. Louis to the Baltimore and Ohio road at
Three Forks, is therefore now under contract. The
company have removed the first mortgage on this
road, given to the city Of Cincinnati and now hold it
free Of ncumbrance.
The Boston Post, OF the 18th inst, says:-Our at
tention has been particularly called to the Great
Northern Lead Company Of New York, and from IN
attentive perus,L of the elaborate reports ISSUED
monthly and from reliable information obtained
rom private sources, we should think its history was
unparalleled in the annals Of lead miuing The
company have leased for long term of years
the extensive lead mines in st. Lawrence coun-
~, New York, which were worked with 80 much
profit several years ago, but which were final
ly abandoned in consequence OF the ignorance
sists Of 900 shares at ten dollars per share This
money reserved for stock sold, and much of the
stock itself have been devoted to paying for theland
leases outright and for the requisite buildings snelt
ing houses and machinery. The company owes
nothing, has several mines fully equipped and in
operation, and has a balance Of cash in bank of
s1l OO0 besides LOCO tons Of ore at the mines Thus
far the metal obtained has fully paid all the mining
expenses; and this astonishing result has been oh
tanned chiefly in clearing up the mine after it, for
mer owners. Within week or two it will have q
handsome lot Of lead i'll the market Col c. L.
Schlater, superintendent OF the Ogdensburg road /,
one Of the executive committee Of the Northern Lead
Company and the president Of the corporation il
Hon. James G. Forsyth. 1t is regularly working
concern, got up to dig lead and to dividends.
very rapid rise has just taken place ia Chester
County Mining Company stock. Until within
week, thero have been transactions for long pc
rod The sudden movement is attributed to tho
fact just TRANSFERRED that the mines are in successful
operation producing about seven thousand pounds
Of lead daily. The capital of the company Is ono
hundred thousand dollars. represented by ore lands
about mile from Phnnixville. and buildings work.
&c. Last year, it is stated, s25 900 was expended
on smelling works. This, with other improvements
found the company, three months ago, $4,000
ip debt This sum, il is now declared il wholly
paid of from sales OF lead, and there il balance
Of cash in the treasury Of seven thousand dollars
The present machinery is capable Of producing
li,00o pounds Of lead dsy-twice the quantity now
made. Prior TO the advance in the price Of oad the
company was making but small profits. The friends
Of the company attribute the rise in the stock main
y to the rapid advance in the price OF metal TO a
favorable contract with the Whcatley Mining Com.
psny for 900 tons of ore and 10 the freedom OF the
company from debt The gross cost Of producing
the lead at the mines IL said to he loss than three
cents per pound. It's value in this market Is seven
and half cent? ut which Drice enlcs NJ O,fn ,;,,