The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-03-20

Within the past two weeks there has been d eoli ne
realised In most Ct these securities and the market
has been moro literally supplied This can BE- sttri-
butsd principally to the unusturai aracter OF the
Dnston, and the absence OF those inf nesssss
~ to sustain it. The advance rapid to be per
msnent or healthy an . reaction unavoidable
Prices, however rule several per cent above those
current menth since and as tho market Is firm at
present quotations the probability IL that tho bulls
will not only BE- able to maintain their position, bat,
ss the season advances and business becomes active
carry prices up above those current. Govern
ment securities have been depressed by thu impression
generally entertained that the demand in Europe will
not continue that the Improvement reported in the
political sfars Of tho Contiue will induce foreign
capitalists to turn their sttsntion to the public
securities Of France AMI Germany than for time
past and, consequently neglect he pablo securities
ef this country We DO not sprrehe Id aay dsprscia
ton In quotations for stocks this ut
confidence In thsmaJ sound and safe hal
become well esta biisbsd that they will ind GUS
TONERS enough abroad to prevent any i'm portant de-
cline In prices The amount OF stoc ks seeking a
market is small compared with the immen.e amount
Of capital seeking investment; aud now that
al doubt Is removed from the minds Of the
leading capitalists OF the old world relative to the
character of securities permane mt and safe in
vestmsnts, there will BIZ no feaity in finding
toner's It high prices for all the surplus have For
six cent stock the prices lass quoted in London
rule very low compared with the public securities Of
Europe, and there is & wide margin for an improve
ment before they will be on par with them.
The isaturss OF several States still in eesson
but nothing has n their proce Affect
ing the public debts. Most Of the have in ope
ration all the laws necessary piece their credit on
firm basis. 1t is now more matter of time than Of
inquent to ultimately meet it's currsnt expenditures
including interest on their debts The revsnus laws
have been judniousIy framed, and their operations
thus far have been satisfactory; aud the value OF
taxable property in each State increases the income
Of the tressures sugms uts and their i'm
In this way, without any increase in the rate
Of alton, the full interest the whole
debt of each, will DO promptly paid AID de-
linqusnoy become one Of those things that we're
We believe that the time is not far distant whe
even population will be repudiated by every citizen
Of those States which have that stain and disgrace
upon their fame.
The public works Of the Western and Seuthera
States are about opening Most OF them 10 ad mi
rsble order, and from the start will an active bust
mess. The State Of Illinois will resp roh harvest
from its nj this season. and ia estimated tho
from tolls will not fall far short Of one hun
drsd and atty thousand dollars for the year ls4e
The canals Of Indiana and Ohio have been oonside-
rsby injured by freshsts, but they will be
paired and ready for transportation. The indications
in favor Of very active business TIE amount o.
produce swsitng shipment at the different points on
the lines Of all the Wsstern canals larger
before ct the season, and it will be pushed forward to
market vigorously. we trust it will bs In our power
ut the close OF the present year. to givs favor
able account Of the receipts OF public works. than
given in any previous year.