The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-09-29
FINANCIAL AND COMMERCIAL.


WEDNESDAY sept 2S-eP n
- tsdsDey Of p<sss fer fancy stcsks stl continues
SsWvssd me dssii.s to day was decided and Psrms
nsnG We see possibility Of even temporary rsee
~. ne upward movement hss not hSd sne enses an
GnpsAsA and the parties imnsdiatsly concerned are
u.dusny sbasdeBirg their position. They have utterly
sd n ths object plated, AID it will cost them
pstns handsome before they get clear of tbs sntAn-
9snt ME Eric clique viii be the largest losers Ttey
~ ahssay blsd freely but being rather pethera
- bssn Of service to than. Ths fan has but inst
0nmosd. II has used mp some Of the great margins
stsd BY the purch and will result
= liver prices for fancy stocks generally than has bssn
Aswn fer many months. There s no power In wan
a.sst that prevent it, The bulk Of the fAncses 10
Ia n The stre et and there they must remain. Out
6Dss viii mot touch them. ne great fall In July and
Ansust list fell principally outside operators,
"a p>>ss quantities Of stock have since rested In the
nuA Of brokers' 81 low prices The movement recently
ds sssH for the purpose Of attracting outsders,
~ sstaisg rid of such blocks Of worthless fAncss The
l1n has worked anticipated and prices must
aDvA. II eutds operators viii wait patiently fer
me tAsy win get AL the iaasiss thsywant 1t prices
Svsnty psr cent hslsw those ruling. If they play
- game properly 1t will be easy enough to make
nDpd PORTION Of the losses realized The brokers cannot
tnzy sssh . load Of fsnsss after two three
tms Of the screw are pat on the money market, and
vAa the time soaes and 1t will outsiders step
- asd M up their hass at lew rates.
svaraous In the market value Of stocks sinoe ysster
~ have been follows:-Canton Company declined u
seaAt; Norris Canal Il Nicaragua, "; Cumberland Coal
III Parker Vein, u: Erie Railroad, VI Harlem, u; Read
~ Railroad. Cleveland Columbus and Cincinnati Rail-
~ !. Panama Railroad advanced ~ per SENT Sixth
Avenue Railroad. Crystal Palace per cent but fell OF
nd closed at yestsrca avs prices
IL receipts at the Office of the Assistant Treasurer
g is port TO- a., Be ptsnssr q, amounted to $147,-
$500; the payments s4s4 sl5 6s leaving balance
q haad Of 80 ol0, 1856 6s
n Transit Company have made the isIo wing official
0sDoaacsnsnt
OFUU ACCESSORY TRANSIT Co OF NICARAGUA
Nkw York, September 28, 1858.
Ae diyestors Of this company. having notiosd the let
~ d Mr.. @ Vanderbilt, which appeared in this
% aspsr desire merely to say ,hst .hsn toe accounts
kn be received the ecmcLDy VIII DO ready and willing
psy him any balance tsat may be found to be due
asooAs may - rsncrsd By request OF the Directors,
JANE. OGDEN, Vice President.
NJ issue now fairly before the stockholders and
- public. The matter now looks as though II would
- b cleared up in way. It appears to u
~ affair to arrange the parties weuld only meet for
~ purpose in the pIOpsr spirit
IL Nerth Carolina Copper Company win sell at auc.
- Saturday, the LIST Of October At the Merchants
Adhasge hundred tons Of copper This Is bat
Dation Of the this company have now hand at
- mines sad the way to this market The aver
os about thirty per cant ia richness which makes the
us nearly $50 per ton At this rate the sales Of Sa
1wasy win give gross income Of about Sl3 coo. The
s Of .his company viii hereafter be regular and
= hsgsr lots The productions heretofore have BEEN
ssssd BY the absence Of proper machinery the steam
ne, which should have been in operation many weeks
- has been by series Of disasters long time the
w 70 the mines. It is in course OF erection and
VD seon be in active operation. We semi-of6sally
Iuned tia. the company win declare . very hand.
nnrs dividend.
1hs resepta Of the Washington and New Orleans Tse.
msph Com psnJ for tho month Of August 1883 amount
- $1 872 o. against 90 $50 81 for the spending
nmAh the previous year, showing increase of 81,
~ 10. This company VIII hsreafssra make regular
mentally returns asd trust other teiesrsphc conps-
Aiss vm adopt the system.
Ihs Boston Tyareer gives the following Account Of
na excitement among the banks OF that ely created By
- nsw system, about being adopted by the Suffolk
1mA, in the redemption of uneurrent money
day t~o since neationsd THAT the directors Of
- szlcR Bank had Issued crsular ia regard % ths
swing to the large amount tent in at late hour thsy
IA Decided after tse 1t or.sbsr 70 receive no fegn
= ne spseArsnos Of this circular. called = mesaas,
a.s yesterday the Presidents Of the various banking
txfdng 70 consult 20 what it best to
in ths matter The grievances Of not allowing AL ths
- assorted and counted the day duly dis
ped and after considers be consultation, committee
q which Andrew Hall, Esq.. OF the Merchants Bank,
Woa sppop chairman, instructed to notify the
46sR Bank to Withdraw their circular and to receive
n foreign money up 70 tSo ocack, ese the Boston
Inks should ali withdraw their special deposit and in
MsMatsly organize esuk under the Gsuerci B.nk
~ Law 10 redeem the bills Of all tho NsZ EngNnd
hanhs he Boston banks have sbout $3.50 eco deposited
with tbs Suffolk Bssk psy them for rsdeemiog foreign
ADey and Ills 1t is yoSossd % withdraw capital for
- institution. Condefaels feeling seemed to
III with regard to the matter IL being thought thst The
yro6ts Of The Suffolk Bank froIl hs foreign moaey de-
VgYsment would warrant the employ nsnt Of enough Of
6oa1ks to do tne work.
v publfh in another column several circulars from
- Treasury Department, addressed to collectors and
s1Aer officers of the custors and to sonsuls Of the
untsd States There circulsrs interesting to the
ssnnercial community they relate to the levy Of
antics upon certain articles of import, and to certain
aums and rules necessary in making up invoices in
Ausgn countries.
M annexed Official s. a.snspt exhibits the amount Of
ns collected all the New York State Canals In each
= IL following years. viz -
New YORK STATE CANAIs-ToIIs COLLECTED
Third tpeet in Sept. TxGl TO Sept %.