The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-06-25
FINANCIAL AND COMMERCIAL.
MONEY MAR X Il +.

The tendency Of prices at the opening this morning was
downward, and large lots Of stocks were sold ct . decline.
Al the first board Erie Railroad fell off ~ per cent; Erie
BondR, 1877, Y; Sixth Avenue Railroad, Y; Norwich and
Worcester, n; Crystal Palace, u; Hudson River Rail-
road, \. Nicaragua Transit advanced u per cent; Park
er Vein, 4; Phoenix Coal, X; N~ew!Crsek, Il. Erie Rail-
road wa@ the greatest card for the bears, and large sales
were AAds ON time, At buyers option. Between the
boards there was q slight rally, but 1t was weak and sick.
~. The stock Is destined TO touch much lower prices.
The effect, thus far, has been comparatively moderate to
what It will be when the public fully realize the true po-
sition Of the company's affairs. It win be years before
the payment Of dividends Is resumed. 1t La possible
another dividend may never be paid. We are
not disposed to heap Goals Of nre upon the
~dfrectors' heads, for curses both loud and deep will
fall upon them from the psor deluded stockholders, many
Of whom depend upon the income anticipated from this
investment to provide for their daily bread. II would be
very difficult to convince the public that the management
have not awaited themselves Of the knowledge they pos
sessed relative to the dividend, to not only sell their own
stock, but to place themselves in q position to be largely
benefited by the depreciation In the market value Of
shares upon the official announcement that no dividend
would be declared. They do not hold . very enviable po-
sihon in this community. Nicaragua Transit slightly i'm.
proved this morning, with pretty liberal sales. We un-
derstaDd that the oornering combination intend holding
their purchases - they mature, and relieve the market
Of a large amount of stock. Parker Vein has nearly re-
covered from the resent depression. The announcement
of q dividend Of four per cent on N. J. Zinc had no visible
effect on the stock. At the Mining Board to-day there
was not much activity, but prices wore well sustained.
We notice sales of 600 shares Ulster County Lead Company,
IS, "a; $50 shares Rutherford Gold, 80, 8; 100 shares
Phoenix Gold, ~. For McCulIock Gold, 8 offered, 81
asked; Mineral Company, 2 offered, az asked; North Ca
roina, 10L bid, IL asked; Potomac, tx bid, 2 asked.
The receipts at the office Of the Assistant Treasurer Of
.his port to day, amounted TO Size, 275i payments, SIS, 32s
25-balaLce, %, 269, 731 81.
A moderate demand existed to-day for foreign exchange,
without any material change In rates. We continue to
quote bills on London at 9k a "a per cent premium. On
Paris, 81. 1874 a 81. 12H. The steamship Arctic, from
this port to morrow-Saturday-for Liverpool, will carry
out about four hundred thousand dollars in specie, pin-
cipslly gold ingots.
day by 5. Draper =
$50. eco Tennessee Coupon kiyes.......... 30 q 93K
40 900 Penn ,ylvaniA Coupon Fives, 1877. 99X q 100
% 900 Pacific Mail Steamship Stock. ,............ 90
20 500 Portsmouth and Concord r II LIST mortgage. ~
$500 Mansfield and ~Sandusky Il r., 10 per cents 100
$3.50 Portland township, (~saIdusky City, oevens. 30
10 shares Suffolk Bank .......... SO
100 90 Macon and westero Railroad. !. Joy
70 do American Express Company ........l36
The Bank of America has declared a semi-annual divi-
dend Ct four per cent. The Madison and Indiana Railroad
Company have declared a semi annual dividend Of Eve per
cent. The New Jersey Zinc Company, n dividend Of four
per cent, out Of the net earnings since the LIST Of No
y,mber last. The Boston and Lowell Railroad Company,
9 semi annual dividend Of three per cent.
| ~ilVpossi- ior the .e,o,S0o Vi ~ asven psr osst an