The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-12-07
FINANCIAL AND CONNER CIAL.


TUESDAY Dec Go 2. N.
Thsre was slight improvement quotations fer fancy
stocks at the first board to-day ard the market
usually large. Florence and Report advanced per
cent Canton Company i; Nicsagus u; Cumberland "a
Erie Railroad * Harlem l. Reading Rs lroad, X; Long
Island, a. Quite variety of bank stocks offered
to day ut lower prices, and few small lots were Sold
Erie and Reading the most active ancies the list
and buyers held to-day with eat Zeal OF spirit. The
European by the Europa is calculated to help the
stock market little but those who enter the street
as purchasers the strength Of the accounts from the
other side just received, may make q g. eat mistake
Thu safest position at present il Of mac vity
The North American Fire Insurance Company has de-
elsTed ssmanpual dividend Of eight per cent payable
on demand.
We havs received . communication from Mr. Wander
bDt accompanied by affidavit signed by Mr. Moses
Maynard relative to the ,perati agency
OF the Nicaragua rans. Company during the Vanderbilt
administration appears these documents that the
paid to the Transit Company by Mr. Wander
bilt January to July /, 1858, period of six
months 1888 e6e 90 nsteadf Si5 000 previously
reported MIR Maynard states that receipts from the
Transit Company for the above taken by
him. and in Mr.. yapderbilt's POI session. So
UGH for this item This statement places the affairs Of
the Nicaragua Transit Company in favorable light
than before been exhibited and shows At all events
earnings at the rate Of about $500 900 per annum
hch is equal to nearly four per cent the aggregate
capital
Tho Message o. the President OF the United States to
both houses Of Congress- has by this time been spread
broadcast through tho country and has doubt been
pretty well dge ted IL does thing new
and ts atoms and sugges ions merely re
petitions of those BY forn,r administrations
PresS ent Pierce, far judge from the anb
gousness Of the language used in the message when
speaking of the most prominent about being
considered Congress- appears be in favor of modif
cation Of the tariff by reducing the Of duties to
standard in OF the tub treasury system as At
present ituted IN favor of aiding the tructon
OF railroad from the mississippi river to the Pacific
Ocean and opposed to further provemens rivers and
harbors by public appropriations.
The steamship Europa, from Liverpool after passage
of seventeen days. brings three days later intelligence
from all parts OF Europe. From he seat Of thu
is int resting and important The Turks have met with
and may be rven back the DAnubs 1t
eported that this was accomplished ne.
gotiations would be resumed, but the not
credited In the face of the parke going on
IL s parts Of Europe had yanced The closing
quotation 952s the highest int touched for
tine past. The London Times Of the 18th Of November,
says
The avces from Paris to day mention that the period
required by the min teore the iedelivery gold left
for coinage thirty eight days. the amount pre-
sent estimated as on hand being about 81 500 000 1t
stated, that proposal has recently discussed
at the Bank o! France for making al their payments
possible in gold and refusing issue Avs franc
pieces to CT ecs the continued portaon of silver
Nothing however is positively known the proba,
bJty of its being aioped Gold continues arrive at
Paris from this country but the profit these remit
taDces that the operation is at present
Led exclusively to money dealers That which is sen.
il derived from the recent arrivals rom Amer
Gold at present being tra smitted to Odeso but not
in large amounts since slhou gh the present rate of
chan. would render the remittance advantageous,
impre sson that existing circumstances
IT is very doubtful if it wi be maintained
The Bank of France, contrary to expectation has not
raised its rate of discount but has determined to nit
is loaIs railway shares from sixty mi lions to fifty
mi lions of francs.
In tn. general markets there had been material al
terson either in pri demand Quotations for cot
ton and breadstuds we'll maintained md fair
amount Of bushes dorg Advises from the Inanufactur
lag districts IT Of very favorable character. Dull
prevails in nearly every department of industry
The receipts Of the three principal city railroads
tie nol IN Of November were follows =
Fig III Avenue Railroad. s252 $40 IS
SIKH Avenue Rail'o 6,2l9 %
Third Avenue Railroad Observation-Disclosures. 25,2l 62
Total ......................... 1889 60