The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-09-27

n o N K Y n "A II X II II.

DaDd Ut steadily improving prices. Movements at
the Board Of Brokers remind Of old times whom the
members were nearly all operators for Q rise, and
there were plenty OF outsiders, well provided with
nesns TO purchase and carry large lots Of stock 1t s
. long time since there has been suoh speculative
feeling vi'ible and there Ia wide margin for further
improvement before prices reaoh points realized years
ego The movement is still upward, and the excite
nspt is increasing rapidly, that we have not the
sghtes idea where it will stop is pretty evident that
the imitation has but just commenced Outsiders have
yet hardly got taste Of the feast spread out before
them The spirit Of speculation very strong and Is
rapidly spreading. careful review OF the past, and
the prospect before must satisfy ALL that there has
not been tme within the previous five years. the
elements Of prosperity have been In similar and
healthy state than at the present moment. The din
sultss which have for SO many surrounded tho
numerous important political questions at issue be-
tween different sections OF the Union have been dis
psrssd, and We cannot anything in the future,
likely to occur calculated to check in the slightest
degree, our onv ard progress
The banking systems Of the principal States are
sosnd. Gold and silver not so necessary for the
redemption Of the paper currency in times past,
and these etss will, from this time forth enter
more Largely into general crc ulation, Increasing
the volume while they will add to the value of the
circulating medium. The security upon which por-
tisn OF paper currency is based is so good aud
gives the bill holder much confidence that gold and
filver are hardly ever demanded in exchange Tbi
does away in great degree with the necessity sns
banks keeping on hand large amount of specie, and
not only tbrows portion OF that which has hsret fore
bes boarded and piled up ia bank vaults into cicu
Istion, but gives activity to the receipts from Cali
fsrnis, and adds largely to the circulating medium
of The country. The movements Of gold aud silver do
not have that influence upon &c sal and commercial
affairs, as In former years. and not therefore
subject to those fluctuations which have heretofore
been so frequently experienced, and nurious
IN their operation The of gold 10 lots Of
one and two millions of doll hardly creates
remark, and the immense amount held by the banks
of this city, gives confidence to Of business and
Goes away With all for the future Gold
from California goes into the vaults Of Wall street
banks. and thence TO the Mint After time 1t comes
back In thu shape Of coin aud passes Into circulation
IL this influx Of gold coin In the channels Of trade
that has given the public so much confidence, aud
such an impetus to stock speculation, The abundance
OF money among all classes, gives nearly every one
the Dsans Of enjoying Of the luxuries OF life
than herstcs; gives people facilities for travelling
aud In that way gives all our public works greater
activity and greater incomes. The ability of the
masses to consume all the nscsssaries of life re.
ssirss greater supplies OF breadstufs and provi-
Drsasesrs The next arrival from California It is
estimated will give us an addition Of at least t~o
million Of gold duet to or present supply and We
have no doubt the banks - this city will have on
hand, on the LIST Of January, ls5i than twenty
millions OF specie. The government has on hand, In
its various depositoriss, than twelve millions OF
specie, most Of which will be distributed among the
commercial classes, by the Appropriation bill. All
this tends 10 promote speculation, aud thsre sp-
pears BE- possibility Of getting up any movement
In any of staple articles Of commerce. account
Of the abundant supply Of each, outlet for
the speculative propenstiss Of the pubic but In the
stoek market.
At the rst board 70 day United States SIS advanced
y per cent; Reading Mortgage Bonds, ~; Farmers
Loan, NJ Morris Canal, Vi Reading Railroad, v;
New Haven Railroad, NJ Mohawk, IL; Erie Railroad
fell OF Y per cent There are parties In the street
quietly buying up Morris Canal The object Is to get
hold Of large quantity Of stock without creating any
sxeit sment in the market that viii innate prices be-
fore they ready for the rise. There are not 80
many sellers OF Erie Bonds old new or income, a. We
have before noticed, and holders very firm.
0ovsrpms Mt stocks are In demand, at the advance
At the ,scond board the market was very active.
Residing Mortgage Bonds advsneed1k per cent; Har-
lem, Y; Reading Railroad 2; Morris Canal, u; Nor
wieb and Worcester,1 There q small sale Of Erie
Income Bonds at dsolne Of y per cent. Holders q
Erie second mortgage. Bends not disposed 10 sell
ct present. prices Reading Railroad stock and secur
ties have advanced very last within the past day
two, and the tendency IL still upward The improve
ment viii without doubt be permanent as Il Is based
upon very important change In the financial affairs
Of the company, and upon the certainty u dividend
being earned this yesr aud paid, In January next.
We have been frequently asked hOu Il IL that Ten
Sc should be selling at IS per sent while Penn
sy-snis Sc selling at p7H % aud We have been
unable TO give any satisfactory IL Is however
impression that this difference will disappear
Under the ne- banking ls- OF Tennessee the public
stock Of that State forms the security for the Issue Of
bills. and there win doubtless be demand for that
stock for banking purposes As an Investment, Ten
ne'see hves much better aud productive than
tts eve per cents Of Pennsylvsnis.
The receipts at the once Of the Assistant rrrasursr
Of this port, to day amounted to 10000; payments
s3s ais u; balance, s53esso7 ~.
The wabash and Erie canal IL In good running order
for the distance Of two hundred miles With an en-
eourssibg revenue. Next y-ar will witness its com.
pletion the unfinished portion being Ia steady pro-
.ress Of construction. 10 through a very pro-
snetive aud rich eouptry. In year or t-o, cash
si.id~nds gill b. paid on the stock. great portion
of tho I'D bonds was held By foreigners, who en-
changed tor the stock, aud the zane parties
spread Englant France and erit zerisni-are In
the market for fresh purchases. Recent pur ,hasss
have BEEN made By isree holders, Who have he'll Il
since the conversion the old bonds under the state
sebt arrangement Of lsf7.
The snnsxsd sts;emcu. exhibits the quantity Of GER
tain articles exported from this port for the geek a.
ins Sept Gath dstir gushing the destination and
tent OF shipments TO cash place
ccssrHcs o. rHs PoRi o. NrvYoaE-wsgxLv Euorrs
TO IvEHrooI
flourb .....bs atl sperm OIL gals o.. .tOl3
Eo.ln ......... ass Poet Wiua. casks. .323
Beet tierces. ........a5 Shes eases. las
Corn boeh. ..3i.7ts Cheese, lbs. .. 1875
Nh.s... .2aCo5 stsve. number. 5000
Tobacco bhds. ......s5
toNpav.
Flovr. bills ...... Asst Uu Cake tons. lille
Tmp~b,tne.. 3SU5 Ufl Cake, lbs. 49,. g- $50
heel, terces. ........25 rohaeco MfI...... t7SI0
Nool bsies.. ........2j Cbepss lbs..... ..525sl
Furr psrkeges. ......gl rsns ..........lg5 3I
spsrm Oi,. gallons. .eI5s Port Wine casks :. 245