The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-05-31
MONEY MARKET.

THURSDAY. May JO-6P NJ.
The stock market opened heavy this morning and
the transactions limited There was 70 variation
of importance in prices aud there was no disposition
to purchase among present holders. They no doubt,
have as many Of the fancics a. they want.
The receipts at the Office Of the Assistant Treasurer
to-day, amounted TO slo2 0is 0O payments si30Is %
balance 3.42ocl s. The deposits are rapidly runniag
up again under the heavy daily imrortations.
The Auditor General aud State Treasurer Of Penn
slvana have reported Go the Board OF Commissioners
that the conotion Of the Treasury aud tia estimated
value during the year will permit The app-o-
rration Of $4,000 70 the completion OF the North
Branch Canal without detrment to state OBLIGATIONS
provided for by the recent Appropriation bin Tho
aggregate demands upon the treasury during the year
ending the 3lst May 1851 under that bin and special
acts will be S41o2O74-less SCas0s paid-ut sace the
10Th inst The net revenue during the present, year,
s+C60s4 40 The expenditures during the same period
will be 81 03ol16 a. Surplus. S1G79s 81
IL needs no very extensive amount Of shscucnes TO
discover that the grand speculation bubble blown into
consiscrabls mpcriaacs BY certain directors aad ma
mayors ofthe Erie IA rsdConpauy has 90 las arrived
at its most elevated and IL upon the point OF
rlodng The particular for the very prominent
position occupied iy there WORTHLESS during the fght
has become apparent and tsey no doutt. with many
other holders Of the securities consder that the" end
justified the means snd that no matter what poor
unfortunate devil invested biz money in the stock al
So and in the bon 60 fthoy couia only manage to
s,I three four iioos Tho obeatios at
gccd round heuT, they would ie,attci the crati-
tude Of their frl.~ citizens 10 has cviaoay b,ea The
Intention Of these distinguished hnsucicrs 70 naatc
TIE rricss 81 Err secUrits 90 the highest p,ssibe
point for the rurpoe Of Hing more Il q % BE- bored
that in order 20 do this they have taken pretty good
line for themsevss. aud We sincerely hope that
the puhlic will comp them swallow the remainder
1fthey can only b. made 90 take aLuudas.iv Of the
ply sic they have 90 warmly recommended 20 othsrs
We predict that ia The course u q few months the
concern will charge hands prudent aud discreet
Board viii be selected In e place OF the prssen, one
aud the retiring rariifs D. regularly enrolled as mem
bers OF the Brokcrs Board where e. is now admitted on
all hands, they properly bslorg We wonlI adgiss a
regular organization Of tha individuals who c,nscra.s
Ia Bsno,u street every day, s,isc.fon tom thea,
parties Of spresdsnt secretary AMI treasurer
Th,ir account could b. kert ia seule good b,.k-s,v
the Methanie's-snG the new organization uo.tl no
doubt enjoy extensive credit
The Eric Company advertise - sell s3s00o15 Of in
come bonds, for the extinguishm.nt of which g. the
earnings of the road stand pledged after The 1T rulv
1851" This viii require The earnings Of ron, Eve 20
eight years. during wh.h time the stock viii retnan
Without dividend And yet q Is s,lins At 50 rer share
We strongly advise the prominent Wal street
directors. to manage BY sleight Of baud to
get the prices down about per cent aud then take
this issue themselves They may make hrst rate
thing cut Of it-alnost az good as the last.