The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-03-08
FINANCIAL AND COMMERCIAL


TUESDAY, March T-sP.M
The tendency OF prices to-day from the opening to the
close, downward Operators who have for time
past been purchasers became sellers to-day and realized
to considerable extent This gave the bears oppor
tunty TO step in and take up Of their shorts Those
who entered the market early buyers sell ont
at good profit and the most prudent have already done
The great secret Of business transactions
generally, and particularly in stock operations is
alize when fair profit be made 1t is by holding
for higher prices that outsiders lose much money in
Wall street. nimbe sixpence Is better than a slow
shilling in stock speculstons There is hardly fancy
the list that win not pay three and four per cent profit
to holders who purchased ten days two weeks
The reaction to-day very natural one and it will
have healthy influence upon the market generally.
1t will strengthen the bus-we those who realize
and they win be in position to enter again as pur-
chasers with increased At the first board to-day
Delaware and Hudson declined u per cent; Canton Co..
y; Nicaragua Transit, u Cumberland Coal IL; Parker
Vein, u; New York Central Railroad a Erie Railroad
y; Stonngton Railroad 81 Norwich and Worcester u
Reading Railroad ~ Hudson River Railroad, u; Morris
Canal, n Cleveland and Toledo Railroad ~ Pennsylva
mia and Lehgh Zinc advanced y per cent Phenix Coal
"a; Gold Hill, u; Michigan Construction, u. Upwards
Of three thousand shares of Gold Hill sold to-day
at the regular stock board at advance. Potomac,
Dolly HIDE Gardiner Gold and Lehigh Zinc were in de-
mand at the improvement in prices. These all rst
class mining stocks Illinois Central Railroad bonds
active the first board and slightly improved upon the
opening In the other railroad bonds small business
transacted.
After the adjournment Of the board, the following
sales of stocks made auction by Simeon Draper
SIT 900 Col Piqua and Ind RR., LIST mt (and int 81
5000 Mich 5 RR, Jackson branch, do d.. 81
80 shares Third Avenue RR. ................ 64H
500 do Buffalo and New York City RR......
Adrian H. Muller Co.'s regular weekly sale of stocks
and bonds will take place at the Merchants Exchange to-
morrow at half past IL O'Clock.
We have four days later from Europe by the
rival Of the steamship Alps at Boston, from Liverpool
There is nothing in financial commercial view.
Cotton had slightly improved in prices, with an active
demand Breadstus had advanced fraction, but there
indications of its continuing being permanent
There had been change in quotations for consos in
the complexion Of the stock market The political in
teligence gives better insight into the Turkish
question: and we are left in state of uncertainty
perplexing
The jefferson Insurance Company have declared semi
annual dividend of 81 per share equal to thirteen and
one third per cent still retaining hand surplus of
more than 100000
The Illinois Central Railroad Company have called for
second nsament per cent the loan allotted
the eth Of February last payable April 7.
The receipts at the Office Of the Assistant Treasurer of
this port to-day amounted TO SlSS 1884, the payments
$50, sos 02-balance, 81, 527, 761 81.
The warrants entered at the Treasury Department,
Washington on Saturday, were-
For the redemption of stocks ......... 81, go Oh
For covering into the Treasury from mscela-
neous sources. 200, aS4 20
Covered into the Treasury from Customs. 232 SO
For the War Department. .............. $500 "a
For repaying in the War Department. ll05 IL
The receipts of the New Haven Railroad Company for
the month Of February, 1854 amounted to $54251 49,
against $40 AL SO for the month last yearshow
ing increase of s4S10 o. This company has lately
advanced it's tariff of fares this end of it's road about
eighty per cent and the movement has not only been
very unpopular one but it has cut down the earnings
materially The rate Of fare to points this side Of the
Connecticut State ne range about hundred cent
above that to points beyond this is done to build up
towns and villages in Connecticut to the injury Of those
in the State of New York. the line Of road it is full
me Legislature nterfered and put veto upon such
gross injustice 1t is picayune business the part Of
the company which unfortunately characteristic Of
The general management Of the New Haven road.
Tie receipts of the Stonngton Railroad Company for the
six months ending March 1st, 1854, amount
ed to-. .....$l4l,OoO
Increase ,o55
Capital 81 500 900 indebtedness 900 per Ct bonds
1900 g :.
Ioial... oo9uVo
The company have floating debt or construction ac
count.
The net earnings for the past six months about
two and half per cent.
The company win probably make dividend of three
and half per cent payable May LIST, and the surplus
will applied to the payment Of the six per cent bonds
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