The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-03-24

MO EY MARK n r.
WEDNESDAY. March 23-S P.

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HONEY MARK EFT.
WEDNESDAY, March 2s-6 PM.
There was a slight let up in the market to-day
The transactions comprise greater variety of Stocks
while some of the fancies which lately have been
quite active show falling off in business. An un-
usual quantity of Canton was offered this morning,
ard large sales made. Nicaragua was better both in
prices and demand. At the first board Nicaragua
advanced per cent Phoenix, /; Cumberland, 4
Canton Company, /; Morris Canal, 4; Florence and
keyport, s.; Parker Vein, 1; Harlem, 8; Hudson
Railroad, 5; Sixth Avenue Railroad, }; Norwich
and Worcester Railroad, 4; Panama Railroad de-
clined 10 per cent since last sale Reading Rail-
road, /. At the second board Phoenix Company
went up per cent; Cumberland, /; Nicaragua,
J.; Stonington Railroad, 1. After the board there
was further improvement Cumberland closed at 81,
bid; Erie, $50; Morris Canal, 2Os; Nicaragua, 3ls
Fhe market was not strong. We do not think this
improvement can be sustained. The time is not yet
for favorable change. 1t will be some weeks before
the basis will become strong enough to sustain an
advance. In the meantime, prices will not vary much;
they appear to have reached about the lowest depth
1t is well known that many of the fancies on the list
are selling for more than double their actual value;
but holders manage in some way to sustain them,
and for some time past prices have been pretty uni
form. Government and State stocks, and railroad
bonds have been in fair demand, and have COM
manded full rates. Bank stocks continue to be Of
fered to about the usual extent, without change in
market value. The money market was shade
easier to-day, and that is about ALL There is still
good deal of inquiry for money from the commercial
classes.
The receipts at the Office of the Assistant Treasu
rer Of this port to-day amounted to slOl ,080 Al;
payments, $3.50, S95 ll-balance 81, 1856 ,558 70.
The earnings Of the Albany and Schenectady
Railroad Company for the month Of February, 1858,
amounted to $l7,77l "a, against $12 3O9 81 for the
same month last year. Increase in the month this
year ASP %, equal to forty-four per cent.
The earnings Of the Western and Atlantic Railroad
of Georgia. for the month Of February, 1858 amount
ed to ,72l CO. Same month in 1852, S2S3S2 OF.
Increase in February, 1853, s20,3 &C.
In relation to the Boston stock market, the
Courier Of that city says" The stock market is
dull and heavy, with a decline in prices. At the
153, the lowest point touched since September g.
1852 Ogdensburg and East Boston were each
shade lower, though but little stock was pressed
upOH TIC MdIhCts EuScWOItu UtCllucU 10 OS al LIE
first beard. in consequence, probably, Of the call for
special meeting of the stockholders, March 30 to
determine upon the subject Of issuing new stock.
Vermont and Massachusetts declined from Mondays
extreme, but held up to 194 bid, 19A asked, with
fair demand. Dividend stocks, both bank and rail-
road, are heavy, at q decline. Bank of North
America was sold yesterday at 10l and more
stock offered at the same. Commerce, lO7 asked,
Columbian l03 asked, Boston 81 asked, and several
others in proportion being reduction Of one to three
per cent from previous quotations few ofthe banks
command high prices, ia being bid for Boylston,
Exchange ll0a, Globe 1l3, Market 87a (par 10Y,
Merchants ll2a, New England 113, and Suffolk 1872.
Boston and Lowell Railroad has declined to par a
price unusual for this heretofore sound stock that
the Oldest inhabitant' can hardly recall the like.
Boston and Worcester, under q food Of stock
has fallen to 1901; Boston and Maine sells
at l04l; Fitchburg 90 994; Eastern SO asked;
Portland and Saco 994; Western 99a; Manchester
and Lawrence 80; Northern 57a, and Passumpsic
46. Boston and Providence is firm at s64 bid; Con-
cord Sc bid; Michigan Central 1861 bid Nashua and
Lowell ITO bid; Worcester and Nashua Sc, sales.
The annexed sale Of stock was made in Cincinnati
on Saturday the 10Th inst. -
share Cincinnati and Hamilton Turnpike Co. $50. IS
share Cincinnati Lake Superior Mining Co. $780, 81 so
SIS shares Cincinnati Fuel Co SIS each SIS 10 shares Gin
Co stock So GO shares Little Miami Railroad CT, stock,
1lsH 100 shares Mad River Railroad stock, 90A
$50 shares Cincinnati and Marlborough Railroad stock,
so shares Cincinnati, Hamilton, and Dayton Rail
road stock, 105 so do, l04A 1lS shares Eaton and
Hamilton Railroad stock, 20.
At meeting of the stockholders of the Phoenix
Coal Mining and Manufacturing Company, held a
few days since, the President read communication
giving the result Of his examinations and investiga
tons upon the company's property in the Cumber
land coal region. The report of the meeting viii be
found at length in another column. 1t will be par
ticularly interesting to stockholders generally and
especially so to those who purchased at prices con-
siderably above those now current. No has, for
moment doubted the value Of coal property in the
Westernport section Of the Cumberland coal district
but great and just complaints have been made in
consequence Of the frequent delays experienced in
getting the coal to market. We do not see that the
Phoenix company have made any progress during
the past twelve months. Last year, at this time, &C
cordiDg to their own statement, they we're just as
near getting out coal as they are now and we have
no guaranty that they will be any nearer twelve
months hence. The communication Of the President
is al very satisfactory go far it goes 1t is full
time something more was shown for the expendi-
tUre Of labor and capital than paper reports There
has been a good deal said about the fourteen foot
vein, and about the good quality of the coal from
that yen 1t is now necessary to let the public see
the article and for the stockholders to know that
operations are going on actively and productivity.
Anything short Of this will fail to satisfy the public
mind.
The annexed statement exhibits the quantity and
value Of merchandise exported from this port during
the week ending and including Saturday, March
10, 1853, distinguishing the destination and extent
Of shil ments to each place.
COMMERCE TIE FORT or NEw YoRK-wEyErY Exroars
LIVERPOOL
QW0u'g Value. C,o0v Value
Cotton bales.4140 SI5S. S51 Lard 90 $50 Sc $50
N.stores, bliss. SO 16,549 slaves NJ 80. 20 1853
Flour ......16 733 s7,343 Oil gallons $3.50 1850
Pork ........ So leo Steel, casks. 10 1900
Beef ......... 500 n coo Horn tips, bgs SOL ,oo