The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-08-19
FINANCIAL AND COMMERCIAL.
MOI EY MAR * X II.

" 4
THURSDAY, August 1876 P. NJ.
There was this morning, activity and graas ter
buoyancy in the stock MARKET than have noticed for
some days past There is eviceotly bstter feeling
among operators The difference between cash sock aud
bu yers option d~naied do to fraction At the
first board to day the purchases unusually large,
and we understand outside spectators have for
ward With good deal Of spirit aud confidence The
nsy rket is gradually working easier. Capital is more
freely offered, and the impression is daily bsc ,ming
stronger that not so near ruin ana dissolution as
the rapid decline inprices generally induced many to
believe. In many fancy stocks the bottom mas undoub
edy been pretty nearly touched for ths present The
turning poin. in all OF them many 1thnk cannot
be far off. Such, at all events, IS the opin-
ion Of large class of outside Spectators, and time
win test its correctness The fact that there heavy
purchasers in the market may tend materially arrest
the downward movement The question is about the
only one now agitating financial circles, and . wide
difference Of opinion exists upon that point Spectators
in stock and capitalists generally, invariably
Influenced by anticipation than realities We have al
ready been unfavoraby affected By the political move.
ments Of European powers, and it is question if the
actual commencement Of hostilities would Immediately
have more injurious effect than that already realized
All these things must be duly considered and they doubt
less been, by parties involved 10 the stock operations
of the day. The party is decidedly in the
darcy and its position is without doubt, . strong
one; but it may be weakened by the next arrival
from Europe Most Of the operations in our stock
market, for q rise, based the probability
that the Turkish difficulties viii be amisably settled
TIE risk is great but if this view is correct the result
VIII richly repay the risk On the other hand, thu war
perty most sargune and operate boldly upon the pro-
liabilities Of general European rapture. It IL fair
t.e@u fun tha
stands ard those who prove to be right in their anti.
cpstons viii reap rich harvest
The variations at the First Board to day, comparsd
with prices current at the close yesterday were as fol-
lows:-Florerce and Keyport advanced Il per cent Nj.
carsgua Transit 4; Pennsylvania Coal IL Cumberland
i, New York Central Railroad a Crystal Palace Y:
Parker Vein X Erie Railroad Il; Hudson Railroad
Harlem K. Canton Company fell of Il per cent Michi.
gan CsnIa Railroad 4. At tbs Second B,ard the mar.
set WAS all mp at the close the dsncy was
further Improvement
At the Mining Board to-day, the sales were a. FOL.
lows
100 Phoenix Gold. boo. Is so Carolina Copper 6x
$50 Carolina Copper. 6
The receipts at the office Of thu Assistant Treasurer of
this port day, amounted to s26s 4i3 Is payments
se0e44 ss-Balance. IS 2s9 1852 SO.
We from reliable sources, that the Potomsc Cop
per Company have recently added to the mines heretofore
worked two mines in Polk county, 1ensesses near the
Hwassie and Tennessee mines and another in Guif,rd
county North Carolina the McC ullock mine all OF
which promise to equal anything in their respective
neghborhoods. Mining captains, with all necessary
means have been sent to both places to commence work
Immediately half Is true that has been told us Of
the copper veins in Polk county Tennessee and in Gull
ford county North Carolina, it many months
before the public, and especially the holders Potomac
stool he eahl rised al t,o
large advance in the price of said stock For year or
two past have been hearing representations Of i'm
uensely rich copper veins in the above districts which
much above thing discovered that
accepted them with many grains Of allowance; but
time, and actual results, seem to confirm the most
trayagant statements put forth about them The
Potomac stockholders will of courfe congratulate them
selves their good fortune and it is gratifying to the
public to know that the managers of this company have
made personal sacrifices, and have given up private
rests TO make this stock than they or any
Of their associates ever promised anticipated We
learn that the directors viii prepare statement of these
mines in the of few weeks, which will no doubt
be given to the public.
The Bark Commissioners Of New Jersey having made
report the Chancellor that they had made Official
inspection OF the Graders Bank at Cape May" and
q Bank Of America Cape May. Court House. and have
believe that the said banks carrying on
the business Of banking in bona fde manner, the
Chancellor issued order to the said banks show
cause Monday the 15t inst, why the said assoca
tons should be declared insolyent The court was
opened accordingly in Trenton, the State being repre-
ented by Attorney General Thompson and the banks By
William Hslsted Esq. Upon application Of the latter
gentleman, alleging want Of time for defence, the hear
ing Of the postponed to Tuesday the Both inst
at EHzahethtovn.
The goes receipts Of the Housatonc Railroad for four
mouths ending July 3st, in each Of the past two years.
have bte en- a. annexed -
HousA1oSIc RAILROAD