The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-04-06
FINANCIAL AND COMMERCIAL.
MOVIE WAR X K r..

"WEDNESDAY April sc P. M.
This has been blue day in Wall street among holders
of fancy stocks 1t very serious time for the bulls
at the First Board but they stood up to the torture
bravely Every fancy the list fell off largely. We
have not single exception to quote. The amount of
stock offering at the decline unusually heavy and
the bears freely put time contracts in the face of the
depreciation 1t requires do this; but it
must be admitted that the future looks much brighter
for sellers than for buyers at present prices At
the First Board to-day Delaware and Hudson declined
per cent; New York Central Bonds u; Morris Canal 81
Canton Company !; Florence and Keyport, *; Nicara
qua Transit, 81 Cumberland Coal IL Parker yein Il;
Crystal Palace, 0; New York Central Railroad 14 Pa
mama Railroad, 1; Stonngton, u; Erie Railroad, ~
Harlem, ~ Reading Railroad, q; Michigan Central Rail-
road l. 1t is probable that slight temporary reaction
may be realized II so, it would be wise for present
holders to reduce their supplies By distributing the
burden shall avoid pancs those severe and sudden
fluctuations which so frequent when the fances
concentrated in weak hands Such deprecatons that
reported to-day must ultimately accumulate stocks in
shall find the lowest level
At the second board the decline continued and prices
closed below those current at the first board. Illinois
Central bonds fell o per cent Florence and Report
Nicaragua Transit ~ Reading Railroad Il Eric Rail
road, ~ The panic has probably spent ITSELF and the
probability is that prices will be slightly better to-
morrow.
The steamship Africa from this port for Liverpool to.
day, carried out 81 91 ,0sl in specie
The Fremen's Insurance Company have declared
semi annual dividend Of ten per cent.
The receipts of the Chicago and Rock Island Railroad
Company in the month Of March, 1854, amounted to
S74 1900 This is the first months earnings after the
completion Of the road.
II ay,a Ia of
will take place usual, tomorrow, Thursday at half
past IL o'clock, at the Merchants Exchange
Mining stocks shared in the general depression At the
Mining Board but little business done and with the
exception of Ulster most Of the stocks lower. At
the second board North Carolina sold at ga fall of
aiew gold Hill at 80; Cumberland, 261.
Al the Stock Exchange to-day the scrip stock Of the
New Jersey Frankline sold for the first time at r. The
amount paid has been per share and each share
OF scrip Is liable for $40 more the par value being s2 So
The richness Of the Fankne ore and the excellence Of
the steel that has been made from t. quite Justify the
premium of 81 at which It starts
II has long been known that a new and valuable de-
scrption Of coal existed in Breckenridge and Hancock
counties Kentucky. Two years ago the character of
the coal its peculiar properties and the quantity in
which it found familiar TO many interested in
that branch of mining Since then the tract on which
the coal had been found has been acquired by New
York association which has recently been Incorporated
by the Legislature Of Kentucky under the Of the
breckenridge Camel Coal Company The company owns