The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-04-05
FINANCIAL AND COEMKRCIAL.



qua we're the most active tancies on the list, but
prices ruled lower than at the close Saturday
AT the first board to-day Morris Canal declined 1
per cent New Jersey Zine, 1; Nicaragua Transit, 1;
Pennsylvania Coal Co., l; Cumberland II; Parker
Vain, 4; Phoenix, l; Erie Rrailroad, 8; Harlem, I;
Stonington 4; Norwich and Worcester. /; Sixth Av-
enue Railroad, L. falling oh appears In every
fancy sold. The coal stocks were tending downward
again with great seadness and the effort to sustain
them has proved abortye 1t will be difficult to find
party strong enough to carry up stock possessing
80 little value as the Cumberland to points anything
like those heretofore reached. II holders sustain
il where it is they will do than anticipate.
Erie Railroad cannot long remain where il is. It's
own weight will of these days take il down. It's
immense Indebtedness, and the accommodations still
going on will ultimately absorb its entire net reye
nue.. Sometime ago we stated that by the time tins
road was completed to Lake Erie the debt anu stoch
would amount to upwards of thirty millions OF uol
lara This enormous sum is already exceeded; ana
il Is now our opinion that in less than Ve years the
liabilities and stock of this company will exceed
forty millions of dollars. Everything we said about
this company in the early part OF It's re-organlza
ton will ultimately be realized. We were only
little premature in our predictions. Nicaragua
Transit stock must soon improve. The company
steamships and transit route and it's act earnings
must be very great. The 8. 8. Lewis, on her last
trip down from San Francisco, brought upwards Of
six hundred passengers. The Star OF the West goes
out to- morrow full, and we no good reason why
the company should not ulti mately make good div-
dends One of the steadies fancy stocks on the list
is Morris Canal movement in this stock is con-
templated and large purchases have lately been
made for parties in this city and Philadelphia. The
recent stringency in the money market has affected
this stock less than any other Harlem, Hudson
River Panama, Stonington, Norwich and other
railroad stocks in the market, do not move much
either way and are operated in only to a moderate
extent The stock market, on the whole, Is quiet,
without the slightest indication Of the smallest I'M
provement. The spring rise has come and gone.
Some particular fancy may take start upwards
but we shall have no general inhaon until another
season at least.
The receipt at the Office of the Assistant Treasurer
OF this port to-day amounted to s74,013; payments
S13079 Tl-balance, 81 $50 ,63S 10.
banking institution under the name OF the Bank
Of New England will soon be established at Good
seeds Landing, East Haddam, Coan., with CAPT
tai of 800 900.
The banks of New Hampshire presented the fol-
lowing aggregate condition on the first Monday in
MlTcu, lS3j:-
LIABILITIES Capital, sa,o7e,oco; deposits, s7ea tO?;
s. so4 81. s'''''''' '''p '4'' ''''' 10 '''a''
MEAss--Rea estate, s57 III; debts due, So POS 2ei
specie Sl65, 404 foreign bills, s9e SIS; in other bills
$56s, ss7-rotal, It, 1904, el2.
The cIearances at the Baltimore custom house.
during the month of March embraced ships, Ii
barks % briggs, and ii schooners-tota SO vessels,
With aggregate tonnage of IL ,21l tons and navi
gated with 497 Of these vessels, SO
American, 10 British, Bremen and Russian; and
their destinations were as follows viz for the West
Indies and British Provinces %, Rio de Janeiro g.
Bremen 4, Rotterdam 2, Montevdeo 3, Australia /,
Cork l, London l. Liverpool l, Rio Grande l. Africa
l, Pegnambuco /, Spanish Main | Cape Town l, and
Laguayral l.
The total value of the exports to foreign countries
during the month was Jas II. In addition to
the above there were two ships cleared for Califor
MIA during the month with full cargoes, only one Of
which, however was valued on the manifest, and il
amounted to s76,542 The other cargo was fully nc
valuable, and probably much more 80. mere GU
As Zz briggs, and 10 schooners-total SIS vessels
OF these 80 were American, Bremen, Is British
and Peruvian With cargoes subject to duty As;
with free cargoes g. and in ballast 4.
The receipts from duties at the custom house
Baltimore, during the month of March were S1lO,-
9l9 TO- The balance in the depository at Baltimore,
On the first of March $2l ,944 SO, and the lst
April was s60,O76 20.
The banks of Portland Maine, have declared the
following semi annual dividends Atlantic bank, 3
per cents Bank Cumberland, 5 !; Canal Bank
Casoo Bank 4; Manufacturers and Traders, s;
Merchants Bank, A.
We have received the prospectus of the Feather
River Land and Gold Mining Company, Of Butler
county Nevada district California. This company
has been formed for the purpose of purchasing the
valuable freehold auriferous landed property-2l 500
acres in extent-known as the Feather River estate.
This estate formerly belonged to the Hon Thomas o.
ariin and possesses extensive gold bearing quartz
veins and aurferous deposits and gold washngs and
il well adapted for agricultural purposes. The pur
chase Of this valuable estate was negotiated by }. Il.
Wainwright Esq, OF this city, son of Bishop Vain
wright, and he is entitled to much credit for
the favorable terms he obtained from the original
holder This estate is hardly second to the-cee-
brated Mariposa tract, formerly owned by Colonel
Fremont.
This company has been organized in London and
Paris with capital Of 100000, in 100000 shares
OF e. each to be increased to 100000 as soon
az dividends to the amount of twenty per
cent have been paid on the present capital
which is anticipated from the first twelve
months actual operations seventy-five thousand
shares have been issued Of which twenty-five thou
sand shares have been taken in this city The re
rnainder are reserved to be issued when the pro-
perty has been inspected and reported upon by
surveyor and approved Of by board of supervision
or sooner, should general meeting of the share
holders 80 determne-no payment, beyond de-
post Of five per cent upon the first moety OF the
purchase money, to be made until the property be
thus approved.
The board of supervision is composed of the fol-
lowing gentlemen