The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-08-04
FINANCIAL AND coxaERcIAL.


WEDNESDAY August 3-6P N.
The tendency Of prices still continues downward, and
khc stock market Il decidedly in bad way. Money is
scarce and the banks have not yet finished tightening
2hs Sorrows Quotations are lower now than they have
seen for many months, and there appears TO % yet
much ower depth for the best fAnces on the List
Thus Tar the bulls have their losses wonderfully
md thsro NAY be q better time coming for them. At
the first koerd today, Nicaragua Transit advanced
per cent; Parker Vein. n; Potomac Copper, e; Cam
Ton Company, "; Cumberland Coal 1. Harlem Rail
road declined "a per cent: Erie Railroad, 81 Hudson
FNyer Railroad, u New Haven Railroad L; Michigan
UeatraI Railrosd s. Panama Railroad per cent since
last sale; Crystal Palace s. Norwich and Worcester,
*. NAsre werc large sellers time at the current
tes, and the bears DO not seem to have been at all
alarmed BY the rapid depreciation but continue TO put
put contracts freely, buyers or sellers option.
The stock market never exhibited stronger signs Of
weakness than at the pfeeen moment, and operators
tiopate very heavy falls. The slightest rmness is in
mediateiy taken advantage OF to sell, and each day
shows decrease list of ball interest There has
been most exhso, dusry effort made to sustain the
market In Erie according to rumors in Wall street.
they have not been very cedabe to the strength OF the
pporatom ia ssio that the treasurer will soon deem
Il proper 10 resign. The intelligence which has been
}icited by the decline Vi the fancy Cumberland Coal
stocks has ca4troyeo ali Conscience in their stability To
most desperate The large railroad companies
are 80 much In debt is entirely impossible to by
pothecate their stock. except with extraordinary mar
gina and ut high pre- connected with the right to
sell ct discretion. The amount of the Hudson River
RAILROAD stock thus ho rs enormous and should there
DO further structure the money market II viii
DO easy to predict Tbs result The Nicaragua Transit
will have opportunity TO settle with Commodore
Vanderbilt when 1t wi be ascertaned whether ne Is or
III is mott defAu,ter whether they will be compelled
to make good their and over the twenty per
pcnt Of thsir gross r.eeipts TO his credit
The reoepts at the of The Assistant Treasurer Of
this port 70 day. amounted to slAt,o ayments,
flg1 $50 24-Bslapc.. sS.4SS, 555 IL.
At the Mining Boar day. the trans actions were very
limited AT private sse re transactions large and
prices were well sustaed There sales of NcCullock
ut the regular board at ~ per cent the highest
sash price yet PAID for stock Potomac sold per
cent being advance presous sales. There or
ders the market 10 boy McCalock at per cent but
they cannot DO filed Amidst the crush OF the old fancy
stocks mining stocks continue firm and in demand at full
prices.
The Nassau Fire Insurance Company Of Brooklyn have
declared . semi nuai dividend Of eight per cent
The dsvelopemsnt Of Dolly Hide Copper Mines con-
knues under the favorable auspices Preparations
berg made make available the vast body Of
black oxide contained the vein, which, costing scarcely
nshng 10 take out and yielding from twelve to eighteen
per cont Of pure "copper" renders the property immensely
valuable. The Baiip smelling Company have offered
- take Al the black oxide at full market rates.
~ fast ~ the mines produce it. The company
their lands (shIee hundred acres) in fee simple, and de-
rive - INCOME Of about 600 per year from farming
sents The company have advantage Of Sill per ton
over the Nesh CesoinA mines, in transportation Alone
and hsr easily be dressed to forty per cent pure
soppee The treasurer in letter just received says
s'We have every believe that shall declare
handsome dividend this year, besides paying for all
.uschiney," &c.
Tho roceps Of Morris Canal this season, up to July 3d.
18e3 amounted to $93 sos o. If the receipts of the
~sek ending Soh instant equal those Of the previous
1sek the company win have
Hoe6ivo0 K0r Voai6 ncv s$SS,ocO
1e rsats reoeived SO far are about, $500 90