The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-10-18
FINANCIAL AND COMMERC lAL
MONEY MARK EFT.

MONDAY, Oct 17-6P NJ
At the opening Of the stock market this morning,
much better feeling prevailed than generally antici
pated Prices we're little unsettled but the tendency of
many Of the leading ancies vard and the transac
tens exhibit returning confidence the part of those
who first seized with the recent panic At the first
board New Jersey Zinc advanced per cent Florence and
Keyport n Potos Lead a New York Central ID Reading
RR. H. Canton Co. declined u per cent Cumberland
Csal u, Nicaragua a. Erie RR 4, Hudson River RR "a
The war from Europe has not affected the stock
market unfavoraby to any important extent and it is
quessn in mind if the effect will not ultimately be
Just the contrary to that experienced in the money mar
ksts and stock securities of Europe. II hostties should
b come general throughout the Continent and should
also involve Great Britain, American securities will
be in demand, at much higher premiums than they
have yet commanded. 1t is the prevailing
Impression that the greater the amount of stocks'
bonds &c. sold in Europe to foreign capitalists the more
the interests This country advanced and
cd To certain extent this opinion correct but the
movement ay be carried too far and become great
evil instead of benefit We have already realized some
Of the disadvantages OF too good credit abroad Our
railroad bonds hay sold too freely in Europe and
the result in the mporaons Of foreign manu-
hctures markets have been flooded with all sort of
good and the treasury Of the govern men overload with
from duties. Our securities which are really
the articles of luxury and extravaganza which gene
rally in payment for the sale of Them The employ
snt of foreign capital in developing the of the
country is different thing entirely and any event that
will give to this class of investments Is most
desirable. general in Europe would do more for
us in this way than in the purchase Of stock secu
rites We foreign capital in cur mineral and agr
cultural interest," in manufacturing interest," IN works
of internal improvement in the shape of creditor interest
instead debtor interest," in Stock instead OF bonds
There is in fact hardly interest in the country but
that would be benefited by important accession OF
capital from any source but particularly from Europe
We not only want foreign capitalists to employ their
funds here directly but want foreign manufacturers
10 establish themselves within limits, and general
war in Europe would give greater impetus to this move
ment thanaany thing else There is in carrying
cotton any other material the product of this
country to Europe merely for the purpose Of having 1t
manufactured and brought back for consumption in the
immediate neighborhood Of its production. few
years ago, this could be done profably than at
present. but competition has reached such point
that every advantage will be taken in the strong rivalry
going and those who locate themselves in the cotton
growing and cotton manufacture consuming sections Of
the country will prove the most successful European
will turn the attention Of foreign capitalists and
manufacturers to this country where they will be free
from those dangers and uncertainties which attend enter
prise on the other side of the Atlantic
Al the mining board today, the transactions wer
Emitted $50 shares Fulton Copper Company sold at
buyer sixty days. $50 Dolly Hide Copper Company at per
cent At the regular board there large transactions
In Potosi Lead stock at advance of 4 per cent This
company have upwards of hundred and fifty tons of
lad ready for market the result of only few weeks
working 1t the intention of the Superintendent to pat
large force at once which will enable him to tarn
cut immense quantities of mineral 1t is there in
meas deposits and veins only requiring labor to realize
The receipts at the Office of the Assistant Treasurer of
this port to-day, amounted to sl24 2ss 80 payments
COS, OO2 35-balance ss5Ss,516 SO.
The earnings Of the Mad River and Lake Erie Railroad
for the month of September each of the past years.
were as follows -