The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-03-09

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! in mining investments IL on the increase.
The steamship Europa, from this port for Liverpool
to-day carried out sl27 6o4 IT. in specie Of which
in gold ingots.
After the adjournment of the board the following sales
of stocks made at auction by A. H. Miller Co
10 shares Shoe and Leather Bank -........... 90
20 do Beekman Fire Insurance Co. ........... so
A. H. Ncoays regular semi weekly sale of and
bonds will take place tomorrow, at hapast IL O'Clock
at the Merchants Exchange. The catalogue win include
q variety of first class stocks and bonds.
The Atlantic Bank of Brooklyn has declared semi
annual dividend of five per cent and the Bank Of Sing
Sing dividend of four per cent
The commercial accounts by the Atlantic are not of
very unfavorable character After week two of
buoyancy in the cotton market we have reaction
Quotations do not show any actual Decline but the desire
to sell was increasing while the demand was rapidly
falling of. The principal of this change the
nature from this SIDE taken out by the Asia
Breadstus had become quite active again. at improving
prices The supplies continue large, which tends mate
rally to check speculative operations.
The returns of the Bank of England for the week end
ing 18th February compared with those for the week
previous show decrease of ESQ., TO in the notes issued
f1S9 in the public Deposits f25 SS1 in the other de-
posits 425 23 in the day other bills f598 $50
the securities f2a 1856 in the bullion and
f448 545 in the active circulation and increase of
col 7s in the rest fS s15 in the private securities
$780, in the notes in reserve and in the gold
and silver coin.
American stocks in moderate demand at previous
prices Consols had declined but rallied again the
excitement caused by the final of the Gar sub
| ided.
The London Netcs of the goth Of February gives the
following statements of the movements of precious
| ais during the previous week -
| The imports of the precious metals this week have
been unusually heavy owing to the arrival Of richly
freighted steamer from Australia. Our list includes
4e5 Of gold by the Great Britain from Aus
ralin 600 By the Niagara, and 500 600 by the
and bullion by the steamer La Plata from the West
Indies and Pacific; $685. in specie by the Thames from
the Braz $3.50 in specie by the Euxne from Gibraltar
and Malta; about flo5o in gold dust (received from
Australia via Gae by the Himaaya, from Alexandria;
1880 by the by IBERIA from Gibraltar and Lisbon; and
$4,000 in gold by the Hope, from Africa We are also
informed to-day Of the arrival Of the Alert from sydney
with 7145 ounces of gold. The total value of these arr
walls may be stated at fully three-quarters Of a million
sterling of which between $3.50 900 and $780, is in
The shipments have also been heavy. The Custom
House statement of the exports of the precious metals
Of ne ION
ego 900 sterling. The silver despatched chiefly to
Hamburg and Rotterdam, and the gold to Rotterdam.
The account in detail is foows'-Gold coin-To Ham
burg, 100 Gold bullon-To Rotterdam, $4,000
ounces Silver coin-To Hamburg, Al, 900 ounces; to
Boulogne 800 Silver bars-To Boulogne, 800
ounces; to Hamburg, $4,000 ounces; to Rotterdam,
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The other shipments reported to comprise f33 O0o
(of which f2s 600 in gold and f5 900 in siver by
the Argo for the Maurus and Ceylon FL 300 in foreign
and English gold coin (besides f3 worth Of ewer
by the soent for the West Indies 900 in specie by
the Forerunner which will leave London Monday for
Africa and ECO $50 by the Madrid for Lisbon. The PENN
sular and Oriental Companys steamer Indus which ID to
leave southampton for Alexandria Monday, has
board specie and bullion to the value Of fl69O57, of
which f73 438 in gold, and 1919 is silver. The
destination of this shipment is follows-for Malta,
gold eos 1907 for Alexandria gold, fs, 1876 for Ceylon,
gold, &c $780, for Madras silver $40 800; for Penang sill
a 9s snss apo sos lss s 90 for Hong
as The total sseeraned sbpmens from the
kingdom for the week thus raised to about 900
sterling Of which f297 900 is known to be in gold.
Shipments of gold to the Continent via the outpors have
also continued during the week. and of the gold brought
in by the Great Britain have already stated by far
the larger proportion has already been taken for export
ton. II is remarkable that little Of the
large AMOUNTS of gold brought in from Australia remains
in this country.
The Legislature of Virginia its passed
the following bill prohibiting the issuing Of notes by
banks the State of less denomination than five dol
lars the circulation of notes issued by banks out Of
the State The act goes into operation the 1s day Of
June next.
SMALL NOTE LAW OF VIRGINIA
Sec. l. Be IL enacted by the General Assembly that
shall be the duty Of Commissioners of the Revenue and
Courts to whom application shall be made for license to
require from each and person who shall apply for
license, oath that he will not pay out (withn the H.
mts Of the Commonwealth notes Of less denomination
y:duals
Sec 2. And be IL further enacted that in every case
where note of less denomination than five dollars is
offered issued money, whether the said note be is
sued by bank, corporation, by individuals the per-
SON. firm association Of persons corporation body
polite offering issuing such note, shall pay fine
Of ten dollars to be recovered before justice alder
man Of city, court in this Commonwealth and any
be deemed issuer within the meaning of this act
Sec. g. And be it further enacted that this act shall
apply well to interest bearing scrip for less than
Ave dollars as to notes Of other descriptions.
first day of June nextProvsd that the first section Of
this act shall not go into operation until the frst day Of
June, 1858.
The following the rates. given in the Pittsburg
papers, agreed to be charged the main line of the
Pennsylvania canal for leading articles of produceOn
-four to Philadelphia and Baltimore the price is fixed at
soc per BARREL to New York. 81 On pork and beef per
barrel to Philadelphia and Baltimore, 81 90 to New
York, 81 So On ginseng feathers &C. per 100 lbs, to
Philadelphia and Baltimore $780,; to New York, 81 On
wool deer skins, hemp canvassed, &c. to Philadelphia
&c.,; to New York, 75c per 100 lbs. On cheese, dry
fruit glassware Soc per 100 lbs to Philadelphia
Baltimore; to New York. 6sc On cotton to Philadelphia
and Baltimore 60c per 100 lbs to New York, 65c. On
Bacon butter tallow, lard, lard oil, tobacco &C. to Phi
adelpha and Baltimore 45c per 100 lbs to New York.
coo. On wheat barley corn, rye shot, pot ashes &C.,
to Philadelphia and Baltimore 40c per 100 bs to New
York. Soc per 100 lbs These certainly very low rates
Of freight and will much business the canal
can do.
The amendment to the General Banking law of the
State Of New York offered by Mr. Sheriff. of the Tenth
Senate district, reads follows
Sec l. The first section of said act hereby amended
80 as to read as follows !
The stocks which banking associations or individual
bankers hereafter to be organized under the pro
visions Of the act 'to authorize business of bank
ing" passed April 18th 1888, and the amendments
thereto, shall hereafter deposit with the superintendent
Of the Banking Department, shall be New York State
afr Init State stu in
made to be- equal to stock producing an interest Of ak
per cent per and It shall not be lawful for the
Superintendent OF the Banking Department take such
stocks at rate above their par value above their
rent market value.
The dry goods traffic is still devoid any noticeable
animation beyond what 10 usual in the trade at this
time Of the year The early anticipated speculative &C.
ton has not occurred far the present season. and