The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-06-13
FINANCIAL AID OoluURmAL.


YUANCIAL AUD ColurERmAL.
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NONE Y II Ar x HT
SUNDAY June ls-6P.M
The stock market closed yesterday weak and depressed
There appears be disposition part regular
Spectators take hold Of any fancy and oornerng
combinations made for the purpose Of putting up
vorite stock do not to work vigorously and
effectively as In times past. The Of all this 10
pretty clear to mind. We attribute this apathy
the part Of spectators regard to the larger class
stocks to the fact that the time attention and capital Of
those who have hitherto been most active in the infa
ton OF Irces for securities generally have been turned
to the most prominent mining projects of the day This
interest has already reached position which commands
the services Of many Of largest capitalists and
immense amount Of money has been withdra wn from
railroads and other Investments and employed in devel
opipg the valuable mineral resources of the country
This has had urfavoabe effect upon the market value
Of the higher grade of stocks The rapdiy with which
mining stocks have been created is truly astonishing
and it should not surprise any good number of
them proved to be poor affairs. We have no doubt
large majority of them viii ultimately become high
ly productive and pay enormously the amount
invested. Quotations ruling fer fancy stocks generally
at the close OF the market yesterday, compared with
those current the close Of the previous week. show
slight decline To the better class of Stocks there has
been general and decided improvement.
The outward movement of specie last week was
saeraby than for the week previous The Cunard
boats always take the largest portion of remttAnces
SHIPMENTS OF SPrCK FROM THE PORT OF New YORK.
Steamer Merlin, Bermuda specie. ....... So l22 06
Steamer Atlantic Liverpool specie and bars, 269 90
Do. do. do. Am. gold. 10000 90
Total June to June n.................. 297.12a 90
Previously reported 6737,39i 10
Total for 1853. .................. $7oa4, sic Is
The City Of Manchester from Philadelphia carried out
O00 and the Europa from Boston, upwards Of $780,
600 in SPECIE
The earnings of the Macon and Western Railroad Com
paDy for the month Of May 1853 amounted to o.
against 257 90 for the month this year. show
ng q decrease Of 81, 6as 35, in May, 1853.
Mr.. n H. Wolfe has been elected President Of the McCol
luck Gold and Copper Mining Company Of North Carolina.
At recent experiment made with GARDENERS crushing
and matchmaking machine bushels of fresh
the EcCuock mine produced seventy Of
pure gold, valued at about $40. This equal about
$40 per bushe The expsri defective in many
particulars owing to the hurry in which it got up Cold
water used in the amalgamator and throughout the
experiment made under the greatest disad
Notwithstanding this, the company well satisfied
with the result Of the operation they
one and win soon have it at work at the mine in North
0rolina
The Harlem Railroad Company have invited the stock
holders to grand entertainment at Chatham Four Cor
ners the 18th June inst whore sumptuous dinner
will be provided for ths occasion new engine and
train of eight passenger viii convey them the
road, from the depot at the Of Centre and White
streets, at nine O'Clock, A. NJ And upon this OCCASION
much congratuation will be given by the Officers Of the
company TO the stockholders upon the very attering
and continuing prosperous condition of the company.
The annexed extract from the Dunk r Journal OF the
10th June is well worthy the careful attention of the
trading and travelling community. Why, will be asked
have the connecting steamers been withdrawn If they
necessary when Mr. Loder President of the Erie
Railroad Company to accommodate their business, what
Qualification there be for their present sbsence9
There must be for the change Have the
terms Of the last years charter parties been complied
WITH have the steamers sought other and better
ployment? Who is answerabe for the difficulty? Is 1t
the result of the superior enterprise Of the Central Line
Railroad and Buffalo that the prospects OF the Erie road
are placed in jeopardy If the Income for May did
meet expectation what better have to anticipate
for JuneS
If we remember right the increased receipts in May is
the lowest any month since the road fully opened
least of any month this year. though travel dur
ing the month OF May remarkably light, yet We are
than BALI inclined to account for this small increase
from other To any who feels interest in
the matter it is useless to give the information that
tsral changes taken place during the month the
manner Of running trains the road. AL such have
noticed and regretted the change. But all
Of the position Of affairs. The attempt (perhaps well
meant force people travel around the direct line Of
the road and via Buffalo, has greatly reduced its receipts
at least in the estimation Of many Of its warmest friends
Besides the almost entire absence of lines of steamers
running in connection with its trains from and to Dun
kirk has contributed to reduce its earnings The only
line Of steamers performing trips with its trains is the
Detroit ne and although composed Of class boats
this lire has had to contend With obstacles which
before existed, and which has origin in the
facilities offered by the company to passengers to take
other routes
This tells the whole story. The competition has
menced in good earnest We have long anticipated this
result and feel confident the result will be most dsas
trous Railroad property in this country has its best
days.
The tolls collected all the New York Stats canals,
during the fourth week in May for the to the
LIST Of june in each Of the past eight years. bsen
annexed:
NEW YORK STAIR CANAIs-ToILs COLLECTED.
II "a, Anu ~ HCu