The New York herald., 1849-05-30
C0MMERCIAL AFFAIRS.
MONEY MARKET.

Vucsday, May 20-6 PM.
The money market never easier than at this
moment and tho demand never more limited, for the
season Loans have been made on government stocks,
at CALL at four per cent? and it is difficult to put out
any amount at this reduced rate This state Of
things must put up prices for all good sound dividend
paying securities and 1t Is impression that the
United States loan Of 1868 will SELL before the lapse Of
many days, at and per cent advance current
rates Government stocks Of all kinds, and all kinds
good State securities, must be voraby Influenced
by the plethora in the money market. As regards
fancy stocks they are for the present literally uses
up 1t is utterly impossible to get up any move
ment either way-up down. Holders are firm and
not disposed to give way and purchasers scarce at
present prices The easy money market is in favor Of
holders carrying stocks; but they heavy load at
any price, and the loss of interest is immense 1t might
be good policy the part of the bulls to let prices
down or two per cent for the purps cha ngng
the class Of operators with the hope that reaction
would carry them above ruling rates This would be
desperate remedy; but the disease is desperate and
such measures must be resorted to for relief It
Is our impression however that speculationis over-at
least for this season. that the only in prices
for fanccs will be downward that the bulls will
find it difficult to get rid of their supplies without
submitting to decline of several per cent It would
smash the fancy stock market all to poces to throw
several thousand sharos into the street for salst and
there is danger of such any day The bulls
must be daily getting weaker and weaker.
Considerable excitement created in Wall street
to-day by theappearance on Change of lump of gold,
just from the minos of California weighing eight pounds
valued at Nearly $4,000. 1t was brought by Lieut..
Beae of the navy. is the largest lump of California
gold exhibited In this country but it is nothing
compared with some Of the Jumps circulating about
San Francisco. The yellow fever is spreading again.
o,,LA H. H..
capped will fall victims. The arrival of the Cafornia
at Panama, opens tho communication with San Fran
CISCO by the most direct route and brings us within
about thirty days of the mines We do not know yet
how much gold the California brought; but 1t Is very
probable that she hasa large amount on freight
There Is considerable inquiry for the gold dollar
The brokers charge four and hvo per cent premium,
and cannot satisfy the demand at that rate Thore il
screw loose somewhere in the internal ARRANGEMENTS
Of the mint, and 1t would be well for tho government
to look into the matter Some influence is at work to
restrict the issue of this desirable COIN and we should
like to know to W hat officers it extends The banks
are bitterly opposed to any great circulation of the gold
dollar and place every obstacle in the way of the COIN
age in their power If the banks and the officers of the
mint can prevent the operation of any measure autho
rised by special act Of Congress, it Is high time
clean sweep was made of the officials in that public in
sttutien. The government have a large amount Of
American gold in the mint and the proper way would
be to purchase foreign gold with portion of the
plus funds, and have it a coined into gold dollars
The act authorisng this coinage expires the third
of March, 1851 and Is therefore necessary the
whole the mint to this de-
sirabe coin to the total neglect of all others.
The receipts ut the ofce Of she Assistant Treasurer
of this port oday amounted to s51 2o3 90 payments
$1O9, 12o SO; balance, $2,o1e,335 rs.
The total amount Of specie entered at the Boston
custom house imported in the caledonia Ia s3o17oe
The directors Of the Bank of Commerce have passed
resolution that they will issue notes after tho 3lst
of October next nor any kind of paper credits to cir
cuate "a money. This Is in view of the provision of
the State constitution going into operation on the 1st
OF January next rendering personally liable for the
debts OF the bank all stockholders, to the amount OF
their stock, in all banks issuing circulating notes.
The stock of the Norfolk County Railroad, Massa-
chusetts which sold the report of the failure
at lsh has since advanced to 80. The confidence a.
purchasers is based upon the belief that the road s ser
tain to do good dividend paying business and that BY
judcious management the stock will yet be valuable
The notes of this company, endorsed by the conrso-
tors, have been offered at Is per cent discount
The quotations for foreign and domestic EXCHANGES
specie, and for uncurrent money In this market rule
~ annexed
FoREior ExcHANeEa
On Pars. ..tfaeS sass On Hamburg So IS ~
DoMrsTIo ExcuAsors
pSston "a: Mobile sp checks y. Xah
,s,,%cSs ;dss"Ss ..,h. q. North carciin... az
h,chmona. .""i%aI dis Cincinnati -. II AK dls
ssssss.Sn s.,.nnsS a.. Louisville e
aAsYE".'Ss; asYs%Ss. $i: $i: s. S.is;;