The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-08-02

90 N d RRClAh APFAIRS.
MONEY ElAIitkET.
VIee1ns sfav rpsrnSf If


on time principally sellers option and the pur-
ehesers mostly the shorts filing matured contracts
AS this demand ceases the market will have to
be sustained by purchasers for rise, and they
not plenty, the probability is that prices will give way
At the second board there large sales Of Erie
and Reading, at prices current in the morning.
is stated that the Harlem Railroad Company pro-
pose making loan for two hundred aud City thousand
dollars tor the purpose Of nqudating portion of its
floating debt. This is but the nucleus largo debt
which this company is rapidly running up.
The receipts at the Office Of the Assistant Treasurer
of this port oday amounted to S59935 Is Payments
Salss4 H. Adyices $4,000. Balance sl53e,759 ~.
return lately printed by order Of tho House Of
Conmons states that the total number of passengers
conveyed on all the railways in the United Kingdom OF
Great Britain and Ireland during the half year ending
3lft Of December last amountedto 81 292 of whom
37l3Go2 FIRST class passengers, II 1850 second
class passengers 1854 032h third class passengers and
/ $3.50 o23h parliamentary passengers The gross total
receipts from passengers amounted to G5aS3, 3Ol, Of
which Ct o33 $40 received from first class pas
sengers, .el 3G046S from second class passengers,
! f3@oSC2 from third class passengers, and f59701
from travellers by parliamentary trains The receipts
arising from goods cattle carriages parcels. and tho
conveyance Of the msile, amounted to f246l 662
making aggregate receipt for tho ha,fyear Of
G3TAee4.
Inc FLOCK mlrHct Is weak, ana III u Sckly sIAte
Prices for most securities steadily settling down.
particularly government and State stocks. We have
heretofore given the FOR this Decline and still
think there will be farther depreciation. The fact
IT, capital in this country is worth than five per
cent and these engaged in active business have full
employment, In the regular for every dollar
! tbsy command The inactive state OF trads for
time past and the easy state OF the money
te have given the commercial classes abundance OF
idle capital which has sought employment in the
soundest and safest securities The result. has BEEN
large temporary investments in government stocks
at the high prices which have ruled for sometime
past Tho rate Of interest realized snail 1t is true
but the money earning something, instead Of
naming dead capital on deposit In our banks. The
tue has arrived when change must take place-when
much Of this capital will be wanted In commercial
pursuits and when . portion OF these Investments
must be Withdrawal. This will throw upon the market
less Of the stocks Of the general and State
governments, and the result viii undoubtedly be
further depression in prices. IL will be that
within the past week Treasury Notes and United States
Skies have fallen and half per cent and the ten
depcy is sti downward. The sales have been to
extent aud ss the season advances and business be-
cones active the quantity offered will doubtless In
crease. -Four and Eve per cent per annam does not
satisfy most cautious capitalists and loans
only made at those rates call with the daily eXpec-
tntCu OF some clanse favorable tnclr lnteresV
per cent investments have heretofore bsen considered
moderate enough AMI the tins Is not far dstaat when
they will again be plenty enough Money has for
time been easier than has bean known Tor years and
We must soon lock for change One OF the greatest
anticipated sourccs Of supply ha. been much reduced
and moot Of the hopes and calculations basel upon tho
great accession 10 gold aud silver currency feom
the mines Of California have been in the deep bosom
Of the buried II has been very often remarked
In financial circles, within the past three or four
months, that thore possibility Of the money
market again being tight, tlo supply Of gold from
California would bs sufseient to meet any demand
for commercial purposes To what extent these anti.
eiratons will he REALIZED remains TO be seem certainly
10 the egt,nt which has been predicted California
will, IRON this time forward BE- iuportan. part Of
the Union and the Eastern Stst,s will hni for
large quantities - their manufactures and products,
but that hundreds of millions Of dollars In gold si be
extracted from the gold mines ofCaliforns per
Nc have great doubts In ell the calculations have
made relative TO the produotveness Of thcs. mine
have taken data the reported result Of The s1gns
for 1sis. Upon that basis and in view OF tbs
snitriton, have made large estimates. The minis
have been representsd as iuOxhausfibis. A yet
thing Il known TO the contrary IL has been also re-
presented that the gold easily obtsuei IA Largo
lumrs and lots, without much labor. THIS, W. nov
know Is not only untrue bat that the robust and
htruy thCriucfa N1flf 10 tncr 20
sonisnd against the climate and the exposure
sary to gather tie eii.torlns dust. must 10
made % mnlleable iron to stand the vicissituies
necessary TO ensure n successful result. The four
seasons Of the year appear TO be equally una-
vorste for digging: the winter. on account OF the
deep SHOWS; the spring. account Of the grcs.
fsshets the summer account Of ts great heat dur
Ing the day Gnd cold during the night and the fail
account q sgue According this there
- -.
the mort determined There is without doubt. all the
gold in the n,Incs Of California that Ia. repro
s,nsd BY the most sapguins and enthusiastic a1ren
ters; but have lately arrived at facts relative to
obtaining IL, which have heretofore beeu stulisusy
reserved In the face hovsver Of all the known sni
unknown diSculties which will have ., be encounter.
ID in acquiring this precious metal there Thousands
who will ut every hazard aud at oil risks dsvots them
selves 70 digging Its too great q prize 70 be given
up; snd, although we shall doubtless
sacrifice ofIfo large amount q gold will o. extracted
from the soil That the product viii, snder the cir
sumstances be large enough TO have the eject inei
rated uron tho money markets q the world, mush
doubt neither will immense fortunes he male out Of
the alfnrnia trc de; but the contrary, sppte-
bend that riueh embarrassment aud difleuIiy viii ss
experienced by thoes who have becoss deeply involved
in the movement.
The ANNEXED statement .rbSi,. N. quantity Of e.r
tain articles exported from this port fer the week sad
ing July 81 distinguishing the destination and extent
Of sbiI ments TO esch place -
CopNsrcE rohr Nrw YopS-WssHty
Esrosrs.
To Lsndcn.-rork, bbs turpen,n. $500 DO fprs
and thir. lis packages; tt,vcs ~ 0l0. wax 1881 bs
cheese t7,2sl do hams. SC 23p2Ti do; vsalebons
l211O de- tobaesn. manufactured. G5n3
To Jtr-Tgoi Flour, ~ 0ss bsis oort. 123 do tar
2ssl do turpentiue. 500 DO rnsin. 40 do whale
on. no gnons; corn. 81 ass bushels; sh~at, 2si do
eheese 44so lbs tobacco manufactured, l,0l7 do
Lara. ago do
=. Gs'ser.-Elrpr. 4.'i2 bill s0sln ,.s d. sla