The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-10-27
FINANCIAL AND CONNER GAL



Holders Of fancy stocks again in the ascendancy.
There advance to-day in nearly every fancy in the
list, with transactions to considerable extent We do
observe any particular improvement in the money
MARKET but there is evidently confidence in the
future and growing disposition the part of capitalists
purchase at the depreciation in prices Railroad bonds
freely offered day. and freely taken Erie Hud
son River and New York Central Bonds the princi
pal kinds offered. Bank stocks pressing for SALE
and shares of Of the most prominent banks in Wall
street were Sold AL these which have ruled livery high
premiums gradually settling down to par, while
others, which have been well managed, but of more
cent organization steadily advancing to par. The
revuson in the stock market has nearly wiped out the
swarms of mining companies which have been rapidly
manufactured within the past two years The most pro
minent of those in the market daly operated
in at the regular board of brokers' The New Jersey Mnc
Pennsylvana Zinc, Potosi Lead McCulloch Gold, and
Gold HILL daily find purchasers at current rates. showing
outsiders confidence in them At the first board to-
day Erie Bonds 1871 advanced q per cent N Y. Central
Bonds Ia; Hanover Bank, Il; Bank of North America
q Morris Canal II n J. Zinc, ii Florence and Keyport
l. Pennsylvania Coal 1a Parker Vein, Il, n. Y. Central
Railroad Long Island, y; Norwich and Worcester a
Erie Railroad, L. Harlem RAILROAD, L Reading Railroad,
IL; Hudson River Railroad, |; and New Haven Rail.
road IL. All others remain without change, with
upward tendency How long this improve ment will be
sustained is question for purchasers to consider In
some instances it may be permanent but as general
thing it cannot but be ten porary reaction after such
great decline is natural Spectators, however, apt
to look upon it permanent movement, and operate
accordingly. 1t is dangerous to trust any favorable
change unless real Jona.fde, substantial exist
why it should occur. We for the present
advance in prices for worthless fancy stocks other than
that before alluded to- must be borne in mind that
usually quiet.
At the Mining Board to- day the transactions were
500 shs Deep River ub3o IS 200 shs Gold Hill $50 81
200 Conrad Hill. ......... 100 do............ ~
200 do............ SO. 100 do...........b 3 4
100 do............reg $50 Ulster Mining Co.,. az
The receipts at the Office of the Assistant Treasurer at
this port to-day, amounted to 1922 l3 Y; payments,
1921, 21S 59-balance, 81, $3.50, 116 2s.
The news fiom California by the steamship Mexico at
New Orleans Vera Cruz and the steamship Northern
Light at Norfolk from san Juan de Nicaragua Is two
weeks later The cia accounts are favorable,
and the intelligence relative to mining operations en-
couragng The shipments Of gold from San Francisco
the aoth Of September by the Nicaragua and Panama
steamers amounted to about three millions of dears
reports circulation in relation to arbitration
between G. Vanderbilt and the Nicaragua Transit Compa
n.y. and that bonds had been signed &C., are assured
upon good authority are entirely untrue copy Oh the &C
counts understand has been placed in the hands Of
the Transit Company, showing large balance due Mr. G.
Wander b to recover which he will unqucstonably
sort forthwith to such legal remedies at his dspo
sal We think behooves the stockholders to look after
their interests.
Is not surprising that the Central Railroad Company
should be compelled to dsappoint the stockholders of
good fat dividend when we look into the very peculiar
organization whereby capital of 25,oooooo in stock
was created covered with debt of 900 in six
cent bonds These bonds constantly falling prices
the last sale having been at Of per cent and should
Issge smSgpt be forced on the market. whishmpst