The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-01-11
FINANCIAL AND COMMERCIAL.

MONDAY, January 10

NUN n u M n N n
MONDAY, January l0-6 p NJ.
he market opened actively this morning and prices
were pretty well sustained. At the first board, New
jersey Zinc advanced per cent Nicaragua Transit
4, Parker Vein Coal Company l, Phoenix Coal Com
pauy 4, Long Island 4 Erie Railroad &, stonington
4 Hudson River Railroad !, Michigan Central Rail-
road |. New Haven and New London Railroad J..
Cuuuberland Coal Company declined per cent
There we're sales Of Great Northern Lead Company
- prices current at the close on Saturday, and small
lot Of St. Lawrence at slight advance United States
sxes State stocks, railroad bonds and bank stocks,
were in better demand than usual but we do not OBJ
serve any material variation in prices. New Jersey
Zinc has been rather quiet lately caused by the limit
Cd quantity Of stock in the market 1t is well held
md not likely to come out to any extent at prices
considerably above those now ruling. We believe it
= the intention Of the company to make available at
once its valuable mines Of franklinte. A company
about being formed to go extensively into the ma
n.Acture of iron from that ore, which will create an
active demand, and give great market for con-
sumption. 1t would be good policy on the part of
NJ Zinc Company to dispose of the Frankinte
portion Of its property, and confne its opera
fons entirely to the manufacture of paints. We
have no doubt, by the sale of these mines
very large dividend might be paid the stock
holders in the Zinc Company. Land stocks
continue steady with moderate daily sales. There
appears to be anxiety on the part of holders to
yeaIze. The demand for Morris Canal comes princi-
pauy from Philadelphia. Parties interested in the
kehgh Canal have been quietly picking up the stock
Of the Morris Canal, and it is in contemplation to
threw an immense amount Of business on to this canal
hom the Lehigh, during next season. If this ar
Yangement is carried into effect, the revenue of the
Morris Canal will be materially increased. The Nor
n Canal is SO intimately connected with the Lehigh
that stockholders in should be interested in the
other. Coal stocks do not fall off either in demand
Or prices. The public gradually absorbing them,
and by the time the leading companies get fairly
into active operations, the stocks will be well dis
twibuted. The engineer of the Phoenix Coal Com
Dany has estimated the cost of constructing the in
cned plane uniting their fourteen feet vein of coal
with the Georges Greek Railroad, together with all
1he necessary appliances of mining, cars, etc, at
sll ,3s7. The stockholders see this estimate at
the Office of the company. The engineer reports
that'everything is going on well-that the coal is
splendid, and of any amount. This is the only out
lay the Phoenix Company viii have to encounter
and it is certainly very moderate expenditure for
such necessary improvements The active President
of the company will proceed at to press forward
the work to completion, and not many weeks will
elapse before coal from this mine will be in the
market.
The receipts at the office Of the Assistant Treasurer
Of this port amounted to 1882 ,ll0 10; payments,
$3.50, PSI Avoidance, 81 ,29l 0SS 81.
The Supreme Court of Pennsylvania, in the case
of the Lake Shore Railroad, granted an injunction,
asked for by the Pittsburg Company restraining the
Franklin Canal Company from laying rails, OF using
their road, from Erie to the Ohio line.
Earnings of the Mansfield and Sandusky City
Railroad for December 1852. ..,...... s2l,57 40
3D. do ls5l.......... 1886 10
Gain over last year. ............... 1926 Ga
Notwithstanding the freight trains for the last eight
or ten days of the month were only enabled to 90
over part of the road in consequence Of the bridges
being carried away by the food
We learn from our files OF French papers, that
the scheme Of manufacturing false money has not
been given up by the reyolutionsts of London and
Switzerland. The French government has been in
formed that a company of revolutonists, from
several countries, have been trying, for political
eject to hurt tie credit OF several governments OF
Germany and particularly that OF Austria, by manu-
featuring and throwing into circulation large
amount of false bank bills and other representatives
of money. 1t seems that it is in Saxony, Switzer
land and the United States that these false tokens
are manufactured and sent to all parts of Europe.
The French government has published a circular,
70 put merchants and others on their guard.
The Journal du HARE, of Dec. %, says that
freight is so abundant in Hayre for the United States,
shat Notwithstanding the recent departure Of the
Franklin the presence of the Humboldt, which is to
sail soon, and the competition Of the English and
American steamers all the sailing packets leave ful
The Irene packet, OF / 500 tons, OF the new line,
has sailed to-day for New York, with the largest
cargo which has left this year from the port Of
Havre for the United States. 1t is composed Of ,5S7
sandry packages and 4,54l baskets champagne.
The Irene has besides ABS emigrans as passengers.
Within the past week or two there has prevailed
perfect railroad hydrophobia in the city OF Albany
The disease has become absolutely contagious, and
the smallest and most insignificant species OF specu-
lators have become as monomanac as the most ncor-
rgible inmates of the lunatic asylum. The only link
which is now wanting to connect the city of New
York with Montreal by railroad is the space between
Whitehall and Plattsburg, both on Lake Champaign.
There are two rival interests striving to obtain
The precedence. The one is the Hudson River Rail
road company, and the other the Harlem company
The Hudson River Railroad company got up
meeting in Albany, at which the directors of
the Albany Northern road were invited to attend.
There were also several gentlemen from the
northern counties. Articles Of association were
adopted, and a committee appointed to procure the
two million subscription required. The route spoken
Of is to run from the Albany road, in the town of
Halfmoon Saratoga county through the interior Of
Washington, Warren Essex and Clinton counties, TO
yan through and accommodate several of the villages
IA the interior, distance from the lake shore.
This is denominated the Albany and Plattsburg
Soad and is to form a connexion with the Hudson
River road.
A rival meeting has also been held in Albany, Of
the friends of road between Whitehall and Platts
burg, proposing to run it near the west shore