The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-03-16
FINANCIAL AND CONNER lAL,

WEDNESDAY,, March 1915

M u N E Y M N X K It.
WEDNESDAY, March l5-5 p. NJ
The announcement of the arrival of the steamship
Arabis at Halifax from Liverpool with seven days iaer
from Europe and the interruption produced IN 'ne
transmission of Geographic dispatches by some accident
TO the wires had tendency to depress prices al .he '
hoard taa.v and created desire the part Of holders
10 sell All sorts Of rumors aaoat relative to the
character of the steamers intelligence, and many beey-
ING the adyces were unfavorabe realized at once The
sellers were principally weak tmd operators who having
limited got easily frightened and were almost
like weathercock, the sport of every wind To those
who look deeper the effect of causes the future is
full Of hope Certain events have recently traRspired
calculated depression in prices for stocks and
decline has been realized The limited remittances Of
gold dust from California by several steamers lately
the sudden contraction in the call loans of banks
and the nature OF the European intelligence have exert
cd unfavorabe influence upon speculative operations
and temporarily deprecated the market value of fancy
stocs Most of these have disappeared Future
arrivals Of gold dust from California WILL without doubt
he much larger than they have been for time past
Ghebanks have got about through with their conrac-
zion, and the from Europe has been bugbear
long enough. The Arabias avices not in opin
ion, OF unfavorable character We can have nothing
very important relative to the progress of the war; for
Our last accounts left the of hostilites
ON the part Of England and FIR merely matter of
fme. Any change must therefore, be for the better,
but we cannot look for any new phase in negotia-
tions. At the First Board today Canton Company
advanced ~ per cent Florence and Keyport, u
Parker ven r. Krie Railroad declined q per cent, no.
withdrawing the declaration of a semannual dividend
of three and half per cent and reported surplus of
seventy thousand dollars mberland declined u per
cent; Harlem, n Reading Railroad, 81 Hudson Rail
road 1. The transactions this morning ia large
lots, and sum up heavy aggregate. At the seconi
board the market was steady, and moderately active
Erie Railroad fell off Il per cent; Cumberland u; Mica
ragua, u; New York Central Railroad, A. Crystal Pa.
lace sold this afternoon at 35 per cent being al
vance of 2h per cent the previous sale. The new
board Of management have learn been ndustriousy
engaged in the investigation of the financial affairs of
She company, and win be ready to make full
port, showing the past expenditures receipts, &c. with
the plan of future action is the opinion of those
gagged in the examination of the connpanys accounts
That the concern can be made productive.
Mining stocks fell generally to-day and were duh both
at the Stock Exchange and the Mining Board. Cumber
land opened at 3l1a and closed at 30H Parker Vein
was sustained at 81 but the gold stocks declined.
The bids at the Mining Board which were lower than
nsuai were reported follows for New Jersey 9 for
Lehigh az for Ulster u; for Potomac az for North
Carolina 81 for Hiwassee s. for Boston and Pttsburg
$780, for Minnesota no. for Copper Falls S. for North
American 20; for Norwich III for Forrest 12Is for
Douglas Houghton So for Phenx Q; for Winthrop az
for Windsor 4, for Flint Steel 54 for Fulton ~ for
Isle Royale %; for Mineral u for Deep River II for
Ripley az; for Rockland 11i4; for Cark's mine o. for
Agomah A. for Phenix Gold al for Rutherford 13S for
McCulloch 6lf; for Conrad 81 for Rocky Bar 15c.
The receipts at the office of tho Assistant Treasurer of
ahe United States for the port Of New York-to-day-
March 10, 1,o7o; the payments amounted to
SIC O20 H. leaving balance hand Of s. go OF.
A. a. Nicoays regular miweekly sale of stocks and
bonds takes place at half past IL o'clock tomorrow
Thursday at the Merchants Exchange The catalogue
embraces variety of attractive bank stocks and other
securities.
After the adjournment Of the board, the following
gales Of stocks made at auction by A. H. Muller
g. 800 Delaware Iacka and Western Railroad 90
$50 Mercantile Mutual Marine Insurance scrip. 30
shares Bank of New York scrip. 113n
200 do. Avery Sewing Machine Co.......... 60
Nelson Robinson having rendered his resignation
Treasurer Of the New Company
on account Of impaired health Daniel Drew unani
ousy elected in his place. at the meeting of the drec
tors held yesterday. Mr. Robinson retains his seat in
the board Of directors
The steamer Andes from this port for Liverpool to.
day, carried out s2o0, 900 in specie.
The operations Of the Treasury Department
the l1th inst. as follows =