The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-04-22
FINANCIAL AND COMMERCIAL.


Al the rst board day the market unusually active
and there was quite speculative excitement in The
street Nicaragua Transit advanced "a per cent; Flor
ence and Eeyport z Brunswick Land Co., ~ Harlem
\: stoning,op j. Norwich and Worcester u Hudson
River Railroad. . Erie Railroad, y; Long Island, a
New Creek u Reaching Railroad. Il. Michigan centra
Railroad declined per cent; Cumbe land, =; canton
Co., u, At the secood board the market was parucu-
iariy buoyan and transactions to some extent we're Ell
fected Canton Co went up y per ceot Cumberland IA
Nicaragua y; New Jersey Zinc, q Florence and Key
mort ~ Hudson River Railroad, Il Harlem, L. Erie
Railroad IL; Norwich and Worcester q Stonngton,
x; Reading Railroad, l. There was more activity in
railroad bonds this morning than have noticed for
long time generally at better prices. State stocks sere
in better demand, but the amount offered limited
At the close of the this afternoon the tendency
Of all stocks upsad and it is very probable FUR
Their improvement win be realized ihis movement may
continue some DAYS but do not lock for any pera-
nency in the rise
The receipts at the Office of the Assistant Treasurer OF
this port 10 day amounted to $780, l5s "a payments
Sl31, eS4 balance, So 792 3i7 So
The Butchers, and Drovers rank has declared divi
dsnd Of per cent from the surples prons under "
old organization The Whining and Raleigh Railroad
Company have declared semi annual DIVIDEND oil three
per cent; the Merchants Insurance Company Boston,
six per cent
Mr.
the Exchange after the adjournment Of the
board large amount stocks Among them bonds
~ tho canal enia cement loan State 6s, Junction
Railroad of Ohio Catawissa, Wllamspor and Erie Rail
roads City of Memphis ho River Land and Marble Com
pany and st Mining Co shares of the Pacific,
CITY Phanix Mechanics, Manhattan Merchants and St.
Nicholas banks Bank of America of New York. and
Commerce North River and Lorillard Insurance Con-
panies and Paterson and Hudson River Railroad Brook
yn and Jamaica Plank Road.
Favorable accounts have received from Lake su
peror but nothing justify the advances which are
paid for Of the copper stocks which are nov floating
on this and the Boston Transactions for time
past have been 10 a very large amount. Toltec Dana
Winthrop shas and Star, are at advanced prices
Copper Falls and Phoenix closed with lower quotations
We learn that parties stockholders in the
Phoenix Coal Company have sent gentleman who Is fuy
competent Judge of such matters TO investigate It's al
fairs thoroughly to ascertain fpossible whe'hsr the
com pany really possess any facilities for carrying on the
business of mining and ring coal to market
This has been made by parties who have been
induced 70 purchase prices comparatively high,
andt hey little anxious to there is actually any
value the investment, or not They have therefore
adopted The only method Of getting at the facts It
is our IMPRESSION that it would have been much more
satisfactory 10 them-athough perhaps. not SO much to
their future nterestto have report drawn up in the
usual way in wan street. lnstesd o. goiug 20 Tue oca
ton Of the papys property Tor nformaton lor tne
more these Cumberland coal companies looked
-, 1891, ~, - sana - Ia g
into, tie less vauAoie 'ney are iounu W NC. ~
long a. imagination OF specoators is left to work
Il 4 easy TO get up any kidd Of a bubble-so long
"a reports and figures made up in Wall street, but
represented have been made by some scientific indi
yidual in Dig vein ae so eagerly degoured'
and 20 universally beiieyedit win be easy keep the
narlet value OF even worthless stock but when
PARTIES who have in this way been drawn such pur
hases make an effort to get at bottom Of the
going to the spot where the property represented to
and by thoroughly Investigate the compsnys af
fairs the actual state Of things fair way Of being
made known It now several years since we ar.t heard
that the Phoenix Coal Comoany would soon have coal in
market and all We have yet seen has been Few Jumps
Of pretty good looking coal We have not heard much
lately about the deyelo cement Of his com
delay does ~, - ,''"Nus s'tee The cause Of IL
fy n,pb. .s 49,. ne ,1 IL rifn aJne Con
dtion and prospects reports usfavoraby the market