The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-05-28
FINANCIAL AND COMMERCIAL.
NJ 0 N EY M A r. K e r.

large amount of business transacted at the
Stock Exchange to-day generally at better prices At
the first board Illinois Central bonds advanced 4 per
cent, Canton Co. Y, stonington Il, Nicaragua Tran
sit u, Cumberland Coal 11s, Erie Railroad u, Read
ing Railroad y, Panama Railroad IL Cleveland
and Toledo Railroad fell off per cent Parker Vein
u. Nearly six thousand shares Of Cumberland were
sold at prices ranging from 37H, seller sixty
days, to 3SH cash. The upward movement appears to
gain strength instead Of diminishing prices advance
good deal of stock bought to-day for cash. which
ID indication that the bears buying in for delivery
1t is stated that leading bears in the street
largely short and still putting out contracts freely
At present looks very blue for the bear interest and
the losses must already have been In Erie
Railroad the seller continues to have the advantage
but in Nicaragua Transit the tables turned again.
1t is settled that dividend Of four per cent
viii be paid in July, and the company makes
present market value of the stock considered mere
bagatele. The shorts likely to get as seriously
twisted in this stock they have been in Cumberland
We wish them well out of both.
the second board the market very buoyant and
the two most prominent speculative stocks-Cumberland
and Nicaguawere in demand at an advance on prices
current in the morning.
The steamship Atlantic, from this port for Liverpool
to-day carried out $4o 4s in specie of which $751; 222
The earnings of the WATERFOWL and Rome Railroad
Company in April 1854 amounted to SGT 405 So against
s24 442 50 for the month in 1853 showing an
of 964 49, little over twelve and half per
cent.
The Cleveland, Columbus and Cincinnati Railroad Com
pany earned $780, rs in April 1854 against $s1 48
SO for the month last year. showing Of
$24,756 SO, or thirty per cent.
The Metropolitan Fire Insurance Company goes into
operation morrow, under the Presidency Of General
James Loi1ner Graham Edward A. stansbury Score:
tarv. The capital $500 900. The companys Office is
under the Metropolitan Bank Of Pine street and
Broadway.
The anthracite coal trade stl active and prices
firm. Coal understand, is worth % per ton at the
mines in consequence Of the continual suspension Of
navigation the Delaware division preventing well
the return of the empty boats the passing down Of
those that loaded Shipments of coal from the Lee
high region were, for the week ending with Saturday
last, only % 521 tons for the season. 1490o7 tons
The repairs the State Canal having been completed
levels filed and the passage OF loaded boats resumed
Saturday last the shipments for the present week may
be expected to show very considerable increase, the
report of which win not be received before Wednesday
The heavy rain of Thursday did not extend to the
Lehieh. The Reading Railroad brought down for the
week ending Thursday $50 TONS and for the year
745 34 tons against 557 527 to the time last
year. The schuylkin Navigation shipped for the week
26,o23 TONS and for the 235 726 tons, against
ss5 tons to the time last year. The business
Of mining and Of transportation under present prices
will be carried forward with the utmost energy and dill
gence but with every effort have little hope Of any
further red.stion Of prices this season.
The Lehsh Coal and Navigation Company, at Its meet
ing yesterday made dividend Of three per cent upon
the capital stock Of the company, payable on demand
The Boston Traveller Of the 10Th inst. says
The trade In copper shares Is hrger, and very cond
dent feeling Il regard TO this description Of
stocks The mining is cheering and nearly all OF
the new companies TO be making very favorable
progress Copper Falls has become quite scarce, and
sold second board at gain Of about 30 per share
within q week. We entertain good opinion OF Copper
Falls but the price Ia running up with unhealthy rap
dity and Q reaction seems to us inevitable. Forest il
improving and Is toerably active. Totec and Algomah
| we're hardly firm as yesterday.
The following ia the report Of the Bank Commissioners
! Of Connecticut
The Bank Commissioners report they have visited the
several banks, savings banks, savings and building
associations and life insurance companies In the State
and that they are In sound condition, and with few
exceptions, have been managed according to law.
The banking capital of the State has been increa led
81 1866 100 since lS46 The Commissioners say thatthe
amount Of banking capital IL than Is needed for the
wants Of the State and therefore much has TO be loaned
10 individuals and corporations out Of the State. The
Commissioners object TO the grant Of any special
formed under the general law will not be productive Of
beneficial results. They recommend that no bank snail
be allowed to be organized hereafter, under that law,
without being able 70 show to the Legislature or some