The New York herald., 1849-02-24

vested in our State stocks. The nns rois rsvusiou
which occurred soon after, compelled many Of the
States In the Union to suspend the ps5 nsnt Of int
rest This, with the repudiation OF portion OF the
debts OF Others destroyed the eredt Of American
rites Of all kinds In Europe From tnat tins until
within Q year two State stocks have bsen
locked upon with suspicion by foreign capitalists and
large amounts of those purchased ct and above par
have within the past two years been returned e this
country and sold at the market price At that Il me
we remarked that the sellers could get hold Of
the stocks again without paying very high prices
for them, and the result has verified predictions
The high rate Of interest paid upon Governmen and
State stocks, must make them very desirable invest
msnts with capitalists who have hsrstofors been salts
fed with those that only paid three and four psr
cent per snnum; and so long States able to
Preserve the credit they have re-estabishsd by the
exte nsivs stem Of taxation and rigid economy
public sxps nditures, shall nd markets abroad
for any surplus We may wish to get rid Of.
The advance in prices for Americas securities not,
by any means, the most important feature in ths
foreign news. The activity reported in the manufAo.
turing districts of Great Britain. the large sales OF
cotton and the Improving prices the healthy
the markets, and the universal feeling Of oonf
denos in the future, events calculated to give
buoyancy 10 commercial affairs In this country such
have not realized for years Everything oon-
nected with commerce appears to be in very sound
and healthy condition, particularly far as the mos.
important interests Of this country concerned.
With our stocks and most important agricultural
staple active demand In Europe improving prioes
with the prospect Of receiving within the next twelve
months millions Of dollars in gold from our Pacific
Possessions; and the prospect Of an Importation of
specie from Europe to extent there must soon be
better times hers than have been known since 1885
p,;o fara
ADVANCE and speculation give activity to every branch
of indu.try. The administration OF our public affairs
WILL under the new government be upon libersl
bas and suoh will be likely to give all classes more
confidence In the systems which regulate our anan.
cial and mercantile matters.
At tho first board to day, Treasury Notes went up
one per cent: United States 6s, 1867 III Ohio 6s u;
Reading Bonds, *; Erie rs, al Farmers Loan, u;
Erie Railroad, vi Canton Co. y; New Haven Rail-
road, a; Harlem Railroad, lh; Long Isani Railroad,
u; Norwich and Worcester Railroad, u, Reading
Railroad, y
At the second board the sales were not large, but
there slight reaction in prices the market closing
less buoyxnt than it opened.
Some Of the leading fsncies have advanced several
per cent within the past week. and the bulls feel CON.
fdent they viii realize further improvement to some
extent Some Of the regular divide nd paying stocks
which have for time past been very much depre
ciated, have been in active demand for in
vestment. Among Others, notice Mohawk Rail.
road stock m advance Of three per cent has
taken place in this stock since the last eale.
This rise has been produced, no doubt by ths
report that the next dividend will bs larger than
the last paid The increase In the earnings has thus
far been sufficient to enable the company to make tho
next semi annual dividend four per cent; and IL the
business continues throughout the year at the rata 1t
has commsnced-and there Is every to believe
it wthis will be regular eight per cent stock when
it will be eagerly sought after for permanent invest
ment The crpital of the company is small 1t is .
short road it has small debt; and there are not 90
many lsskages in most Of large railroad com.
panies The leaks in many Of tho long railroads with
args capitals, will founder some Of them before many
Years eapss and capitalists will look to the short
lines, with capitals too small to be meddled with by
managers with impunity. There are 50 many items of
expenditure In large railroad companies carried to
Construction Account" that the stockholders know
nothing about the actual co.t of the road or anything
else connected with it. Our advice of moderate
means is to invest their money in small companies