The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-03-23
FINANCIAL AND COMMERCIAL.
HONEY MARK e II.


There was not much activity to-day in Erie Rail
road stock, but holders were not firm and prices
receded fraction, Nicaragua was offered in large
lots, and nearly two thousand shares changed hands
at yesterdays prices. Harlem has not been so much
reduced in market value for many months, and it
strikes us it must be good investment at current
rates In other stocks the movement is limited, and
the market continues without any decided tendency
either way. At the first board, Harlem declined per
cent Erie Railroad /; Phoenix II; Reading Railroad
4; Cumberland Coal /. Parker Vein advanced per
cent; Hudson River Railroad /; Hanover Bank /.
At the second board some Of the fances were shade
better Nicaragua went up per cent; Harlem /.
Hudson River Railroad declined per cent. There
was no change in Erie Railroad. The market may
continue for weeks in its present state. We see no
indications Of any change for the better. There is no
demand for stocks out Of Wall street. and the brokers
will be obliged ultimately to let prices down con-
sderaby to attract outsiders. They will not touch
stocks at present prices.
The receipts at the Office of the Assistant Urea.
surer Of this port, to-day, amounted to $l29 l20;
payments, s3l ,5s5 01--balance, 81, O74,373 46.
We stated, some time SINCE that dealers in foreign
exchange were purchasing sterling bills to the full
extent Of their means, in anticipation OF rise in
rates. This has a tendency to keep the money mar
ket more stringent than it otherwise would be. The
importers not doing much at present in the way
Of remittanccs but they cannot put it off much
longer and when they do so, we must expect tighter
tines than we have had yet. We now quote bills on
London Mt 81 81 per cent premium on Paris 81.
liz ST. Is; Others without change
Tho steamship Atlantic, from Liverpool, brings
four days later intelligence from all parts Of Europe
The commercial accounts on the whole, are not as
favorable as those previously received. The cotton
market closed on the sth heavy, with very gloomy
aspect decline of oneeighth Of penny was re-
ported. The corn markets were also very dull, and
the tendency Of prices was still downward at the
close, after decline had been submitted to. The
London stock market was inactive, and prices barely
sustained. Prices were lower all round, the result Of
unlimited sales.
The lower house Of the Legislature of this State
has pared the bill taxing freight transported on the
Erie Railroad and the centrallinc of railroads Of New
York. The following is synopsis of the bill, as it
passed the Assembly,
l. Provides that all the roads between Albany and Troy
and Buffalo, together with the Syracuse and o. gego the
Rochester and Niagara Falls the tanandaigua and Mia
Falls and the Iockport and Buffalo railroads, sha
return all freight traDsL orod them Except cattle
horses, sheep, flesh meat butter, cheese and milk and
sba pay tho fame toll On them ash they had boon
ported on The canals But toll is to BIO charged on
property conveyed only portion of any of the roads
wost IL Utica In tho event of the consolidation OF any
two roads then toll is not to be charged goods
conveyed ers than selve n lies
The same duties, exemptions and tolls are imposed
on the Erie Railroad But toll is to be charged on
freight not shipped at either terminus and delivered west
Of Deposit.
Freight on the Northern Railroad Ia only TO be charg-
ed with toll when passing the whole length of the road
includes all tho other railroads in the State and
comIes the payment Of tolls upon all freight with the
exceptions named In the first seoton) passing the
entire length Of such roads
.. Makes the same provision ~ In last section ia ~.