The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-05-22
FINANCIAL AND COMMERCIAL.
NJ o n E Y N A II K II T.

SATURDAY, May 2l-6P. II.
Tho market opened this morning fiat and heavy. We
have very great variation in prices to report any
great falling of in extent of transactions but notice
indications Of downward movement and depression Of
business in the stock market that will when realized
fall with great weight large holders Of fancy stocks
But for the VERY easy money market prices would range
considerably under those current; bat this
favorable condition Of financial affairs cannot prevent
great depreciation in the market value Of fancy securities
generally Az the first board to day, Cumberland de-
cned 2. per cent; Crystal Palace ~; Zinc q; Pie
nix Coal ~ Erie Railroad a Harlem Il Norwich and
Worcester ~ The amount Of sales smaller to day
at the first board than have before reported for weeks
All the fances about equally neglected and auctuae
from day TO day nearly to the same extent
TIE receipts at the Office Of the Assistant Treasurer of
this port, to-day, amounted 10 $50 979 Is payments,
sI25 20 g2-taance Sc 1871 362 o.
AT the secoad board the market was stl more de
pressed Morris Canal fell of !. per cent; Nicaragua
Transit, J. Cumbs,an Coal, u; Erie Railroad, "a New
Creek, a. At the close the tendency downward and
should Judge tom appearances that Monday will DO
rather blue day in Wall street.
Tie Cumberland Miners Journal of the Goth instant
ssys"The amount sent this week by railroad o.?
tons by canal 52l0 TONS total for the week. IL 127
tons against 1870 for the week previous-showiog
gain for the road Of 4 TONS and for the canal 800 TONS
total gain OF S57 tons over the business OF the
vous week. This is the largest amount Of coal hereto
fore from this region in week. The returns Of
the succeeding week will probably, however show fall
ing off, owing to certain interruptions to navigation.
which we have elsewhere noticed Amount for yoar by
railroad ae.s tons by canal 675 tenstoal for the
year, 14S 65l.
The anthracite coal tTade is toeraby active. The
Ishgh Navigation Company brought down. for the week
ending Saturday last &c $40 tons, and for the
49, 443 tons The schuylkl Navigation, for the week
ending Thursday brought down 6OS tons and for
the Ill 27l tons The Reading Railroad Brought
for the week 81 $50 tons and for the fiscal year up
to Thursday SO 81 tons The whole tonnage this
son far, amounts to s22 s3l tons. We understand
there has been little trouble with the uorkmen in
reference to rsges but all is quiet and the several
coal and carrying companies prosecuting their
labors with much energy. large and moro than
ally profitable business is anticipated.
The Charlotte (N CO Wing says the search for gold n
that State which has hitherto proved profitable Is
about TO give place to the mania for copper mines Two
companies from tho North have recently visited tho
mres the vicinity Of Charlotte and the Wing says Mr.
r. W. GIoot, Of Albany, New York, the agent Of
Northern company has purchased the Pharr Caps and
Reid miBes from the latter Of which stated that gold
to the value Of sic has already been extracted
aso the estae Ia the counties Of Lincoln and Castor
kLovn the High Shoal Iron Works with about 16 900
acres land attached TO it. Oae block Of copper weigh
ing $50 pounds, from the Cathay niue is intended for
exhibition at the Crystal Palace.