The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-05-16
in prices Several large lots of Fulton sold to-day ut
improvement Of to n. The following the bids at
Bid. Asked

Several Shareholders
of the difficulty of obtaining information respecting the
progress the mine have asceraned state for
their benefit that the LIST of May there were seventy
tons copper ore averaging twenty per cent eighty
tons pig lead ready for shipment opening Of the
canal The pump shaft was down one hundred and
twenty feet and the works progressing satsfac
toriy.
Another experiment late ly made on Ave hundred
and twenty pounds Of Gardiner gold ORE and resulted in
button Of gold weighing thirty dwts The Gardiner
Company going to assay in this all the va
rious points in their mines This is, believe the
third experiment they have made since their shaft was
sunk Its result s The least promising yet, though it
would give 500 TO the ton.
The receipts at the Office Of the Assistant Treasurer Of
this port today-May 15-were, received, s14o, 270;
paid s47, 1874 39-balance, SO, sos, SS1 IS.
The steamship Atlantic, at this port from Liverpool
brings four days later intelligence from all parts of Eu
rope The news is interesting, but not important We
have no change to report in consos the quotations
continuing to range from SIX to SO per cent In the
money market, note little strngency the rate
of interest being five per cent loans not easily
negotiated The last returns Of the Bank of England show
decrease in bullion Of f196 $780, active circulation
f220 l00 in private deposits f741 776 in government
curtes 1886 500 and in other securities f426 421 In pub
lie deposits there had been increase Of $780, in the
rest 5 727 and in unemployed notes. fl3 $780, In Amer
stocks there had been Of consequence
and there particular demand for except United
States skies In the produce Market there had been no
change Of consequence far prices concerned
but business very inactive The circular Of Brown
Shpley Co., of the ID inst, says ave have i'm
provement to notice in business, almost every descrip
ton Of produce being as dull well be imagined,
and there be article more difficult of sale than
another at fair market price, it is cotton The quantity
on sale far exceeds the demand that it is quite i'm.
possible to realize except to q very limited extent the
nominally current rates to-day" There had been no
actual decline in quotations. but 1t impossible to
feet sales
The corn market rather lower, there having been
decline in -four and Indian At the decline the
mand was moderate.
The London Bankers Magazine for May contains the
following notice regarding the state Of the money
ket =
The positive declaration of war the excitement &C.
casioned by the prospect Of immediate hostties both
the Black Sea and the Baltic have produced increased
expenditure necessary to maintain ornaments in an
efficient state, however economically conducted must
eventually create disturbance In the money market the
earliest effects of which have been presented the
of double income tax and the proposed issue of Ex
ehequer bonds Although Mr. Gladstone NAV he AHA
through the latter operation to recruit the resources Of
government the position of the bank nnfavorably az
fected it is by the connneus drain Of bullion to the
unmtgaed to cause further advance in the rate OF
discount Arrivals Of gold from Austraa together with
the payment of the dividends and the final liquidation of
by the Chancellor Of the Exchequer to the dis
sentient holders Of old South Sea Annues created in
creased ease in the money market after the 9Th April
the terms for the negotiation of first class paper
ing from and 81 por cent to AZ and AZ per cent The
present quotation is AZ to per cent with fair in
qury for accommodation and the allowance for deposits
in Lombard street varies from to per cent accord
ing to the nature Of the arrangement
The annexed statement exhibits the average condition
of the leading departments of the banks of this city for
the week ending Saturday morning, the 18th of Nay