The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-04-16
FINANCIAL AND Colu(KRCIAL..

FRIDAY, April Is

FRIDAY, April is p. NJ.
The upward movement in the stock market no.
ticed yesterday still continues, but with diminished
force There was considerable activity at the first
board to-day, and most Of the fancies advanced a
fraction. Morris Canal went up per cent; Florence
and Keyport, 1; Parker Vein, l. Phoenix. Il New
Greek, Il Erie Railroad /; Norwich and Worcester,
Ii Rochester, Lockport and Niagara Falls Railroad,
s. New Jersey Zinc declined per cent; Crystal
Palace, Q; Cumberland Coal, 4; Potomac Copper
Company, Il Panama Railroad, J.. An active move
ment appears to be going in Nicaragua and there
are strong indications of important Improvement
There is no reason why this stock should be much
depressed The company are doing splendid bust
ness and its profits must be large. Parker Vein will
take start Of these days that will astonish those
who have been unwse enough to sell the stock short
The transportation branch of this companys bnsi-
ness will, without doubt, pay handsome profit
on its entire capital. Morris Canal is another
promising stock Very large purchases have
lately been made for Philadelphia account, and
there are heavy holders in this city who
could not be induced to sell at handsome advance
on present prices. A land project in connection
with the companys property at Jersey City, Is the
principal cause OF the advance in market value. If
value Of the stock will ultimately be beyond all
present anticipations. Cumberland Coal is decided
iy sick. It appears impossible to get up movement
in this stock except it is downward one, and that it
will be difficult to arrest. 1t is the impression OF
many who have visited the compapy's property and
closely investigated the company affairs, resources
and prospects, that in less than two years the con
Germ will be irretrievably bankrupt Hudson River.
Harlem, Reading, and Erie Railroads, do not move
much either way. The bears have not lately made
an onslaught on either one OF them, being satisfied
for the present to keep moderate line Of contracts
outstanding. The probability is thai those stocks
which at present are buoyant and have every appear
ance Of improving will not long be sustained. Seve
raj of them have all the elements Of increasing
value but the evidences do not seem to be yet strong
enough to insure permaaency III any rise IN market
value.
The receipts at the office of the Assistant Tressur
or Of this port to-day amounted to sl02,l1l II;
payments, $72 ,2o5 3O-balance, s6,9s3,675 As.
There was nothing new at the second board. The
demand has somewhat subsidized but prices remain
about the same.
Foreign exchange for remittance by the steam
ship Atlantic, from this port tomorrow Saturday
for Liverpool, has thus far been quite moderate.
We have no change Of consequence to make in our
sales. Bills on London quote at 9b 81 per cent
Premium on Paris, Of. Is a ST. l3s; Amsterdam,
403 Al; Bremen, 79i 79a; Hamburg, 36s 3Sa
The steamship America At Boston, from Liver
pool, does not bring any important or interesting
financial or commercial news from Europe. The
principal markets, both as regard prices and de-
mand, remain nearly the same as previously quoted.
No change in American securities.
The Boston Journal Of the llth last, says
Holders of stock in the Edgeworth Company, on the
9th instant, entitled to their proportion o.. the
stock by paying therefor at the average price Of sales
Intention to 90 go given to the treasurer Of the coc
before the 10Th inst. The sales which the yaua
lion is based we're 100 shares at So, and 200 at 57.
If any one IN this city car tell us what all this
means we should like to be informed. The move
nents of this Edgeworth Land Company, for some
lime past have been of rather mysterious character
II might with great deal Of truth, be called close
corporation. The stockholders have not seen or
heard of report for three four years. ard no one
outside Of the direction (and we doubt much if there
is insde) knows anything about the position
or prospects OF the companys affairs. The principal
business Of the management appears to be issuing
new stock.
The Great Northern Lead Company have just re-
cevcd from their mine in st Lawrence County
large collection of rich and beautiful specimens, and
sample Of their lead cast into pigs large quantity
of which will be iu the market in few days. The
prospects of the stockholders are peculiarly bright
and the fact that large returns will be realized Is
placed beyond all question. Casualties may delay
the result but cannot seriously affect the interests Of
The company, which was organized, not for stock
Epeculaons but with the avowed object OF developing
che resources Of the mines, and they IRE carrying it
out with praiseworthy judgment aud energy The
beautiful collection Of specimens may be seen at the
office Of the company, No. Al Wall street.
After adjournment Of the first board to-day, Mr.
S. Draper sold at auction, the following stocks
bonds. &c.