The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-06-15
FINANCIAL AND COMMERCIAL.
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There was . very heavy market at the opening this
morning, far prices concerned, but in opera
tons there considerable activity. AL the leading
fsncies freely offered, and sold at lower prices
Nicaragua and Cumberland fell OF fraction with the
rest, and closed at decline Canton Co. receded per
cent Illinois Central Bonds 4; New York Central Bonds
"a; Nicaragua Transit "a Cumberland Coal, y; Erie
Railroad, u; Michigan Central Railroad, x; Reading
Railroad, a; Hudson Railroad, 1; New Haven Railroad
i; Northern Indiana Construction, y. There appeared
to be pretty general disposition to SELL and more cash
stock was offered than usual Mining stocks have lately
been steadily settling down. and Of them have be-
come very much depressed We do not know whether
the operating upon the stock market viii become
permanent not acquire greater strength, but ap
pears to that prices for many Of the leading
fances are already sufficiently depressed to justify
purchasers for investment, to deter holders from
selling 1t is long time since Erie, Harlem, Hud
son River, New Haven, and Reading Railroads have
been low at present, and there is not In fact
any good why they should have become
much reduced So far the earnings Of the different
companies are concerned they greater and
If receipts from traffic a criterion the finances Of
each were never in q better condition Harlem cannot
be otherwise than good purchase at its present market
value. The sale OF bonds just made upon most
favorable terms and many of the bonds taken
foreign account One large capitalist Of this city took
million of dollars under circumstances which speak
well for the company's credit. The expenditures
qured for erecting and substantial bridges have
all been made and the net earnings Of the road
than equal to the dividend paid The old stock at
rent rates is than oneeghh per cent investment
with all the margin for improvement We do not know
of another railroad stock the list with such margin
in favor Of purchasers Harlem It is the lowest dv
dend paying railroad stock the market and is fifteen
per cent below the Hudson Railroad which pays nothing
and nearly forty per cent below the New Haven Railroad
which has passed thIee dividends and likely to pass
good many more.
The steamship ASIA from this port for Liverpool this
morning, carried out $751;, 1872 "A in spesie.
The Hartford Fire Insurance Company have declared
semi-annual dividend of ten dollars per share
A. H. Nicolays semweekly auction sale of stocks and
bonds will take place, usual tomorrow, at half past
twelve O'Clock at the Merchants Exchange. On his
catalogue 200 shares of the Empire Stone Dressing
Company assigned collateral security to be sold by
order Of those to whom it was pledged.
The adjourned meeting Of the stockholders of the Ship
Timber Bending Company assembled yesterday, when
the report of the committee read adopted and or
dered to be fled The report speaks in favorable
of the prospects, working order and financial condition
of the company and well received by the assembled
stockholders.
The receipts at the Office of the Assistant Treasurer Of
the port Of New York this day. June H. S172 81
the payments amounted to SIS, s9s A. leaving balance
on hand Of %, 971, 200 16.
The warrants entered at the Treasury Department,