The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-12-16
FINANCIAL AND CONNER clAL.

THURSDAY, Dec. l5-o P. n.

operations to day less thsn frequently
leading fancy, and 1t Is impression that full half
of the sales at the beard what Is called
washes" At the first board to-day, Nicarsgus Transit
declined u per cent Delaware and Hudson M Canton
Company K; New Jersey Zine, II; PennsylvADiA Goal
13s; Parker Vein, III New York Central Railroad, u;
stonington "a; Panama Railroad, n. Cumberland Coal
advanced 4 per cent Harlem * Norwich and worces
ter n; Reading Railroad, Il In railroad bonds, very
little business transacted Nothing dealt in to
any extent except the usual speculative securities Of the
day, ana they to attract the attention Of very
limited number Of operators. Spectators generally
are anxiously waiting the arrival Of the steam.
ship Asia, IS the next news will be Of the
most vital importance to the financial and commercial
classes. Until the steamer arrives very little business
will be transastsd In Wall street. Great difference Of
opinion exists among capitalists, regarding the
psxion Of next foreign advces bu. Of them ap
pear to be operating in accordance With their views The
safest way IN 10 wait, ana then take hold under.
sasAissR ~ ssas CO. tainy have the strongest side
Of the game At and the probability is that their
position win be much strengthened BY the next arrival
The bear interest Is large one and dai increasing
Several Of the Oldest and worthiest members o. the
board are on the opposition side Of the house. and feel
COZ fdent that future events will enable them carry all
the points aimed At On the other hand holders Of certain
anciss exhibit anxiety to realize bat are
to the full extent Of their for RISE This Is pAr.i
cuary the case In Nicaragua and many of the pro-
minent mining stocks These securities may touch prices
below those current but strong hopes enersin
ed that few weeks will suffice to give them much
better position In the market
The receipts ct the Office Of ne Assistant Treasurer Of
this port to-day amounted to s12O,l22 II; payments,
Slo9. slS 65-balanos, -, 3l7,4os OIL.
Since writing the above the Asia has arrived. The
news is important and slghty favorable In regard to
financial affairs the London Chronicle Of the I'd inst
says
The downward tendency Of the English funds CON
nuee and the tone of the market has to day been more
unsettled and uneasy than before Censols which were
early In the morning dealt in at 94 for money fell during
the afternoon down to Q4H tsng furthsr depression
reaction. and they were last quotsd at s4X to for
money. and 041 to z for the January account The
than the minimum II tbs Bank o. EasSua and a. ss
4th Of the month approaches there Is more and
strpgency apparent. On the sto II exchange the de-
There are, moreover, other phasss of the monetary
question Of great interest which necessarily straot at
tsnton productive Of present caution and somy
uneasness to their future effects The 3son Of The
Australian trade is ONE which may we'll claim the attsn
ton Of interested in monstary fairs. The latest ad
yets from the Australian colonies indicate that the oun
dAtion OF dicu tiles has been rAied in the trade We
have this year beer shippers Of goods Australia the
only tmAl Of this has been returned in either
colonial agricultural produce gold and II does not
appear from the late advices that there many heavy
shipments made to III Certainly of late asr
walls Of Australian gold have been nothing like whs Il
was expected they would be- There great number
OF Australian bs approaching maturity, and unless
provision has been made for them It lie not
10 expect the occurrence of some dincu ties
in the trade. There are known TO have been
many persons recently connected with it, upon whom
the sudden colapse in the state Of the markets. from
high prices and an active business TO greatly depressed
quotations and difficulty of affecting sales, may not
improbably, have caused considerable pressure AT all
events the public and particularly the members of the
STOCK Exchange are now BEGINNING in consequence of
their attent TO tbs possible effects of altered
chanie Of affairs as that presented by asudttn transit
from extraordinary prosperity 10 depression As regards
the 4th Of the month there any rsa
cause for unuual anxiety but not surprising when
money is tight, and daily becoming SO, than those
deeply interested in and with affairs
ihoue operate with caution The state of foreign poll
tcs also coudsa by danger and hence IL is that there
is manifest degree Of city circles as to the
coprio ofevents during the next two three months
On the other hand the London Times Of the lie. inst
says
The improvement in eonsos not sustained, and the
fpal prices 81 for money. and 94H to for the
cperns in January TIE applications for dscount both at
the Bank md out CT DOORS very heavy high
we're PAID the scarcity Of money being also increased BY
rome further repayments to the Ia India Company for
hac been out time at lower rates. the
sane iime there were fgns whatever OF CONNIE ciL
within . h.vn
mentaiy pressure berg regarded as resulting chiefly
from the recent withdrawal of nearly for Rus
preaching at period Of the year when payments are
utually heavy
The advices fr.m st. Petersburg are to the Oath nst
Ind TIE quotation Of the rate Of exchange shows
action likely to prevent any further remitances Of geld
from Great Britain. There nothing in the gen
eral markete, and tho weather continued mild.
The market for American State stocks continued mae.
tive The hst sdvioes received from this side had Pro-
dussd hrmer feeling regards prices
meeting Of the shareholders Of the Londoa and vir.
sinia Gold and Copper Mining Company held in Lon
don the LIST December, when II announced that
the directors haS obtained modification OF the terms
made with the vendors OF the mines to be purchased by
the company This win effect reduction Of the original
terms a. iollowsOf the ESQ ooe he original purchase
money 81, 900 TO be wholly abated, and fl5, 900
Il TO be abated II the mins doss not produce dividend Of
twenty per cent TO the shareholder and thus the
cash payment reduced from o 900 to fb ooo and the
to be paid shares upon the execution Of the
vey ancs from klo, 600 to fb, LOO also.
cuo,steIs for tresctars ard cotton wee Itee: sc
~ L.. H. ~ ttsA