The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-08-17
FINANCIAL AND COMMERCIAL.
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upon our local ci affairs and spectators in fsIcy
stocks for rise have been sadly disappointed. Tne
very doubt and uncertainty that hang the Turkish
question: viii produce about much evil in the
cisl world the actual commences meat Of hostites.
The effect in England has already been Of the most
serious ohara ter and It Is likely much more 80
before the matter is disposed OF appears by late
sdvces from London, that all antspations relative
to the future movements in the money about
being realized The Bank of England is weekly losing
large amount Of bullion and the Of outsce
the bank had been advanced fraction. Trade in.
active, and all great staple exporting products
exceedingly duh in demand and depressed ia prices.
This must operate ipiurously upon immediately, BY
checking exports and reducing the legitimate supply Of
exchange. Our imports likely 70 continue large
perhaps not 70 the extent thus far reported but
srill much in excess Of exports This viii keep
up activity in remlttances either in specie
exchange, which must tend TO restrict our
money market, and keep the banks under short sail.
Money is particularly among class; who feel 1t
very seriously. Stock spectators may be embarrassed
but it only be for short time their difficulties
have no influence upon any important interest. With
the mercantile classes 1t Is different They sAanot
tract their operations the moment tight money market
appears. They must meet Their payments st every sso
foe, and wait the slow movements Of commerce. They
cannot like tho spectators in stocks sell out close up
thsr operations pocket the loss and wait favor
able period but they must stir about money from
day to day at any price, and keep their heads above
water possible until the last drop Of their substance
has been exhausted THIS is the condition thags
the present moment The CLASSES lAbsr
ing under serious financial saients and it will
be time before they viii BE- much relieved September
ard October a:e heavy months among the merchants
and the prospect is 10 way encouraging. The banks
still contracting; and in the large ship ments
Of specie, shall have few in the rsws
and money win be worth than las bsea known
for leog tiroe In the midst Of OK taiags
Wall street will net be visited uch by outside stock
Spectators. The parties ~ho short Of money
those who sustain p.ices for fancy stocks Without
this class OF operators, the fances would have quiet
times, and the brokers' occupation be very poor
Within the past month ArIy all thsss operators have
been obliged TO put their stocks the market and the
fail In prices must have bied of them pretty freely
So far they have borne their Losses brave but must
have weakened them, and ths result may yet
disastrous than is generally imagined New buyers have
taken the stocks, and is question If they will net
suffer some Notwithstanding the depreciation
Where all these fances-partcuarly the coal fancies
fr0 resting place in such tight times Is wonder to
us.s We may find out Of these days The brokers
cannot carry themthey have Dot the the dpo
sor-ardi it therefore folio that outsiders have still
not present prices is question time only
At tbs first board to-day the tendency throughout
downward. Morris Canal fell OF 4 per cer; New York
Central Railroad, n Carton Company, u; Florence and
Keyport, u; Nicaragua Transit, "a Reading Railroad
4 Cumberland u Erie Railroad, 1 The fancies mo-
nopolze the business st the beard. State stocks rail
ROAD bonds and bank stocks continue quiet and without
change in market value.
At me Mining Board day the sales follows;
5 800 shs Copper & $50 s asd pssn,z Gold
The receipts at the cce o, the Assistant Treasurer Of
this port day amounted to $685. payments $780,
Gre 32-baance, IS e55, 100 "a.
The second Avenue Railroad Company have called fer
the Of the sesond nstalment Of twenty five
cert On capital stock to be made the 2M instant
al the corner Of Brooue street and the Bowery.
The Cincinnati, Hamilton and Dayton Railroad has de-
clared s.iannual dividend of Eve per cent, payable
to the New York stockholders the 25th instant at
the Office of the Ohio Life and Trust Company.
TIE Pietsburg and Boston Mining (CiH) Company has
declared semi annual dividend of seven ano halt per
cent payable demand Tue dividend of the CO npsny
for the year been nearly hundred cent he
actual capital SIS per share on slSh paid il which
il -he whole amount eyer assessed on the stock
The Webster Bark commenced operations in Boston
Yesterday. One half Of the capital paid in, aud
The oslance viii bs payable September LIST The
Hoard Banking Company viii commence operations
i, few days, AID also the Eliot, which, with the
National viii complete the number Of charters for
Boston granted by the last Legislature. With tnese addi
tons and the Broadway Bank at South Boston, it
will make the number Of banks in the city of Boston
thirty seven
The receipts of the Pennsylvania Railroad, for the
month Of July and for the year thus far compare with
the corresponding periods last year as foLows:-
c.
July Il, 1858. Si5i "a W
Sake month last ACKNOWLEDGEMENTS. li-,o'' %
y,.,..se s44 1856 3s [
Rsesp.s som Jan l. 1861 TO July 81 1858 $40 IS
Same period last year 'LVS1 VIZ %
increase s57s 1854 os |
The receipts Of the Louisville end Frankfort Railroad
for the month of July 81 agsns sis 1853 10
in the csrespondirg month last year Increase, FL
LITTLE MIAMI RAILROAD Co. -
Receipts for week ending Ansuss ,ss ss2
Increase 80 y, s3,270 w
The following appears in the Detroit Advertiser OF Saur
NORTH AMERICAN MINE.
LAKE. SUPERIOR, August 2, 1853 )
Editor Advertker-Dvar S,r-We 10 day sena from our
mire q of pure copper, weighing 8 200 pounds,
which place IN the OF the Safe Agricultural 80
cet the OF representing this mne and this
usri Of The State at the Verbs Fair Tns mass
chseed out OF another nsss the weigh. Of which is
over forty and will b. for fer days on the dock Of
q Williams Co where 1t be seen Dy all who have
am desire do That graf u copper IL this
which has been seen by hundreds OF vsiters this
summer, among whom were pleased to see Governor
Parsons ady, is stl repo-ing in the mine, while
sou twenty engaged with hammers AID chisss
in cutting II up Its weight will reach hundred
and fifty TONS all pure copper Think OF that
Yours, NJ w. X.
The work on the line Of the Cleveland and Pittsburg
Railroad frcm Wesv TO Rochester let on Tuesday
last The bidding animated and the work Jet Is said
10 he below the estimates Of the gipeer There
forty bidders sad Fix for the whole ne. The work
vii be commenced Immediately and 1t ia expected that
in one year from the present time the will be
nrg trom Pit.sburg 70 Bridgeport opposite Wheeling.
STOCK Exchange.
FIRST BoARD, August 1s 1858.
ssocoNY State cps "A 100 $40 shs Park Coal Co Is
Zoo do. .'l ll4x $50 bio Is
1tot0 Ird 5rate ga. % 100 do......... 17h
5000 Penn state 5's 90 200 do. 80. boo 10
$500 Col ~, 70. SO 100 bis Is