The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-07-03
FINANCIAL AND COMMERCIAL.


rsE1lN q eAhN SUNDAY july I'd p. N.
Daring the past week the stock market has been pretty
uniform as far as prices concerned The Of
business transacted has uctuatsd considerably but on
he whole has been quite large The money market has
oct improved much in fact, notwithstanding the cal
culatons relative to the distribution Of large sum
Rom the sub treasury, and the probability that little
or no benefit will be derived from that movement
events have occurred OF character calculated 10 Offset
m full any Improvement which might otherwise have
BEEN produced by such depletion of the government
Seasury Public confidence has been seriously shaken
BY the suspensions which been recently reported
and in the face Of such things and he steady shipment
81 specie it would be unwse to expect any change for
te better in local financial affairs. The stock
bet, always sensitive in times of doubt and
distiSst. must continue depressed, giving those
who have the means and the good opportu-
mites to make advantageous investments. Notwith-
standing the difficulties which now surround
tain classes the great interests of the country in
sound prosperous condition. and or later stocks
representing works of public Improvements and the i'm
Dsrtant branches Of industry will up again and
ssmmaId prices corresponding closely with those
s0rrent twelve months since The suspension alluded TO
yesterday may affect seriously the progress Of some Of
eur rarc ad enterprises, for the firm extensively
gagged in contracts 1t is also possible that Q large
amount Of stock in certain companies may be forced
upon the market and temporarily depress to
warrantable extent We have not the actual
saoter Of the lure but trust it may be less disas
txous than such events usually prove
The Nicaragua Transit Company have declared divi-
eend Of three per cent three dollars per share
capital stock payable the 18Th inst. The books win
close the Sth and open the 18th inst The compa
ny about issuing report to the stockholders, which
win be of tie most satisfactory character The gross
earnings of the company for the months ending
June 80, 1854, have been about ss6o,ooo After
paying operating expenses to that time and the dyi
dend OF three PER cent there win be left in bank and
b the hands of agents about $40 Oo Up to the lst of
january, 1854 the net earnings Of the company
to the payment of old indebtedness the
purchase of new steamers, &c. &c. We do not know
me exact amount paid out for such purposes but has
been upwards of half million of dollars. Tho present
business of the company authorizes the expectation Of
dividend Of six cent for the six months ending the
lat Of January next
The coal tonnage Of the Cumberland Company for the
week ending Saturday, July l. will figure up nearly eight
housand tons. On Thursday, 4i6 tons were brought
Down; and on Friday. 1851 tons brought down,
making aggregate of 2,s76 tons for two days. We
have not the returns for other days of the week.
but understand they will not vary much from those of
Thursday and Friday This will doubt, be consong
10 those who attempting to show, by the most alb
surd Stories that this company is in danger of an
Inhalation from the Legislature of Maryland. We
are sorry that they cannot make out better case,
jast for the excitement of the thing. The bears
usually fortunate in their Investigations than
they have been in this The Cumberland Company
must be in a strong and sound condition when nothing
can be found against but the possibility that it has
not fulfilled to the letter the conditions of it's charter
regards production Of coal The attempt injure the
company by such ridiculous statements is really not
worth noticing We refer the bears concerned in getting
mp these stores to the weekly report Of coal shipped
since April last That the only consolation af
soYd them There nothing going on in any other stocks
Of the slightest interest Importance Harlem may be
q card for the bulls in few days, and New Haven may
reach points where would be safe to buy We cannot
expect much movement in prices for Ere for the present
The outward movement Of specie last week was much
smaller than anticipated will be by the annexed
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