The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-08-31
FINANCIAL AND COMMERCIAL.


TUESDAY, August 3c--6 P. NJ
The leading fancy stocks in oderste demand to.
dry, but the tendency OF prices downward The
srae was very unsettled at the opening this morning
and prices very irregular. Some Of the fances i'm
proved while others declined At the first board Morris
Canal fell off Il per cent; Phoenix Coal, since lest SALE
Crystal Palace 81 New York Central Railroad III Harlem,
l; Pleading Railroad, X. Florence and Keyport Joint
Stock Company improved q per cent Nicaragua transit
X; Parker Vein, ii Erie Railroad, r. Nearly all tho
transactions in Cumberland time, buyers
option Crystal Palace has had It's day in Wall street
It may have been good speculation TO those who first
went into it, and sold out at the top of the Market bat
to others it will be most disastrous The stock touched
par to day. and lock for serious decline from
that point. As for the real value of the stock
tell ything about it, 1t is in sho hanis Of specu.
stor ard that enough TO induce every cautious hold
to sell cut Hare,, is gradually sinking and
appears to take hold Of II actively at current rates.
Erie Railroad ard Resding Railroad are pretty well
antained, but there is Life in the market. and
decided movement one way the other II appears
difficult to keep prices np much or down much. The
bears have sghty the advantage, and the Indications
fghtly ia favor Of sellers. With stringent money
market, and with the prospect Of greater contraction in
the banking movement Of the city, there Ia strong
probability of prices receding
At the Mining Board to day the ssles were ~ FOL
lows
go shares Mineral Copper. ......-"....,.".b3 o "a
500 shares Phcpx Gold bio
200 shares Potomac oLper................,....
sUo shaIfs Potomac Copper ........,.....b3 0 "a
The Potomac Copper Company have secured several
tracts Of very valuable mineral land and II Ia likely to
be Of the most gigantic mining companies ia the
cepnhy. Two Of the compapys nov mines are in Polk
county, Tennessee kno~n the Isabella Copper
Company" and the 'sNayis Copper Compsnyn mines
These mines TO be worked under Tennessee chcr.ers
The number OF shares and tho price Of stock in both hes
companies the the Potomac Copper Company
The Captain, who has just reached tho mines writes
after few hours examination 1.-THE prospects for cop
er here very hitterng the appearances clearly in
dictate regular veins, and not deposits the formation Is
late b,tween talcose and mica slate. The out
crop on tho veins "a sneodousn TIE ore the black
| oxide Of copper, aLd very rich.
IL orfer insure Ire 20 interest," Of tbs most
valuable inning interests the kst, the managers
bsve resolved to divide the stock CT there
among the shareholders Of tho Potomac Copper Company,
dyder Dis Of nd stock IL tho proportion Of seventy FIVE
TER ctn from each company, Every one hunred shares
u Potomac stock viii arav from Of these companies
On oc sbut the Isl Of November nett seqenyfve hares
Of full stock and 90 or about the lst Of March next
from thu other Of these companies Ike dividend Of
SEVENTY five hares az fn socs for eve5y hundred
shares II Potomac stock These net su5s,utioas Of
stock for The P.omsc stocs hut dividends psa TO tho
holders Of Potomac stock. thus inoressag tho present.
bur 6red shares Of fotonss stock TO two huadrsl
ard & y shares,
Msstsr dedication 10 Wan atcsss /, on the tap,,
bank in The street. will learn 10 heavy ioaer me
paying tsss Of ossain Institution 10 that neehborhood