The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-05-19
C0MMERC IAL AFFA IRIS.
MONEY MARKET.

| rTluay, May 1S-6 r. M
The stock market still continues very much depress
ed Prices do not vary much from day to day but the
transactions to such limited extent, and there Is
little disposition exhibited speculate that we can
form idea Of the future far fancy stocks ore
concerned At the first board United States 6s of 6T
advanced per cent United States SIS 4; Harlem. 4;
Long Island q. Pennsylvania SIS fell off 4; Erie rs
| IS; Farmers Loan, al Canton Company, a The
| operations confined principally to government
| and State securities
| Money is exceedingly abundant Offers to loan large
amounts at six per cent daily made, without
finding customers, and the prospect at present
is in favor of perfect plethora before the is
past This unusual supply OF money seeking invest
ment, would in ordinary times produce great expan-
sion in quotations for fancy stocks and create spe
culstive movement TO some extent; but there at
present indications of such state Of things growing
out of the position Of Wall street affairs 1t enables
the bulls to carry their stocks without mach difficulty
and Keeps the anccs from pressing upon the market
| Quotations range lower at this moment than when
money worth one and two per cent til in the
street IL Is the opinion Of many that the appearance
of the cholera in this city will have a very disastrous
effect upon commercial affairs but we labor under no
such apprehension. With proper precautions on the
part Of the public authorities this disease will be de-
prved of its most alarming features in the event Of its
visiting us, and its ravages will, without doubt, be
limited compared with its previous visits The effect
OF these things upon financial and commercial affairs
is usually exaggerated and invariably anticipated and
it is impression that the stock market win be but
slightly affected unfavoraby by the cholera, any
other cause, so long money continues abundant and
the rate If interest six per cent, or below.
The entries Of specie at the Custom House yester-
day amounted 90 Sill ,02s 90, most In sovereigns
The steamship Globe, at New Orleans, from Brazos
Santiago, brought $4,000 in specie.
The receipts at tho Office the Assistant Treasurer
Of this port to-day, s365oi payments ST. los 81;
adyices. SCI, 900; balance, S2139773 So.
MIR. Robert Schuyler yesterday reelected to the
Presidency Of the Harlem Railroad and MIR. iona
Sturgs re elected Vice President
The directors of the Charleston Branch Railroad
have declared dividend of IL per cent.
During the past week there have been Ave arrivals
at Philadelphia from Sunderland, England with btu
mnous coal This is n curious circumstance IL In
imported believe for the ofhe gas works in that
vicinity his fact calls loudly for the oonsruc ton
of works Of internal improvement to intersect III. in
cxbsusibe beds Of btuminous coal located In Mary
land and Penney lvania. west Of the noun tans The
extension Of the Baltimore and Ohio Railroad viii
open the immense Cumberland coal beds Of the fha-
nix Company, and give large supply OF that in
valuable description Of fucl. Tho construction OF
the Pennsylvania Central Railroad will intorseot
the bitumnous coal beds If that State; and supplies
from these sources will lie sufficient to meet n
part Of the domestic demand for this kind Of coal
The Cumberland coal Is the best fuel for steamboats,
ever discovered, and our steamers cannot ret
along without IT, The Cunard boats the Bremen line
and tho steamer: engaged in the Charleston Savannah
New Orleans, Chagres and California trade 10 IT, and
have found superior 60 all others Il IS therefore
highly important that measures should be immediately
adopted 10 keep Che market fully supplied
The Secretary Of the Treasury bas gwen notice that
the principal and interest Of all scrip a. has been
Issued or prior 20 the ls dsy Of July, 1872 may be
issued under the ninth section Of the sct of Congress
entitled IAN oct t. raise for limited time an ssal-
uonal military force, and for other purposes" sp.
proved F,b IL ls47, will be paid on prose ~
the treasury On the LIST Of July next
The metallic produce Of tbc Russian empire In 1913