The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-07-12
N u N X Y VI A IL X &c II.

THuRspAv, July Hop. nj.
The stock market opened more buoyant this morning
and ell kinds OF securities good bad and Indifferent
advanced fraction We have seldom noticed, at this
season of the year. much frmness among holders OF
stocks generally, much steadiness in prices At
present it certainly looks though the usual summer
decline would not be realized but it by means fol-
lows that any important advance be produced
upon the opening of the fall business Prices for
most Of the fances rule very hgh-ten, fifteen and
twenty per cent above what many Of them are worth
Tor speculative purposes notwithstanding which, hold
ers hypothecate them, and all kinds Of usn.
cal operations to enable them to carry stocks through
the dull season. There at this moment but two
or three securities the list, in which there is any
margin for an improvement Well secured railroad
bonds and bonds Of several Of the Western ates have
not advanced 80 rapidly largely securities of
less value and safety ~ Investments and the attention
of capitalists must soon be turned to them when they
viii compare favorably with government and
such State stocks command large premiums.
If California sends between two and three millions of
dollars by every semi monthly packet there can be no
apprehension OF any change in the MONEY
market but on the contrary. greater abundance in
the supply Of capital better basis for credit and
a natural consequence, an improvement In prices for
every species Of property and possibly speculative
movement in come Of our great staple products.
Money seeking investment must take the best and
most productive stock Offering. at whatever the
ket price may be; and those paying high rate Of
interest, where security is undoubted must be first
absorbed. Seven per cent bonds whether issued by
State or railroad companies must in q short time b
entirely withdrawn from the market, and command
great premium. Six per cent stocks, Of govern
mept or incorporated companies, will in a few
years become much better investments than at
present, compared with the rate OF interest tina.
vi bah ru1 M hat A ol,,kio IA
going on in financial affairs, which must ulti
mately produce wonderful results We shall pro
badly again have such high rates Of interest
ruling In our money markets as we have heretofore.
Our commercial intercourse with Great Britain has
reached such degree Of intimacy, that the value
Of money in the two countries must become more
equalEed This in connection with the supply of gold
from California viii reduce standard Of ints
rest, and. by making money cheaper, increase the
value Of all public and incorporated securities,
and thus reduce the income from such investments
Those who purchase these securities at present prices
will therefore have opportunity before the lapse Of
many months to realize large advances in the shape
Ct premium, or comparatively large incomes in the
high rate of interest received The rate Of interest
rung in Great Britain ranges from two to three per
cent and stocks drawing three and three and half
per cent interest range from ninety per cent to par
The margin for a rise in six and seven per cent
is very great, but 1t will, without doubt, soon be
covered.
At the first board, U. 8. 6s 1867, advanced x per
cent; Erie bonds new, y Erie R. R., y; Farmers
Loan, u Harlem, u Reading X. r., u. PsnnsyI
vania SIS declined u per cent
The receipts of the Harlem Railroad Company fo-
the month Of June 1850 amounted to s45s55 against
sse466 for the period last year, showing In
crease for the month this year Of S93s9 Receipts
Hrsf eiv h. hts
period last year s1e27o9 Increase this year $50 500
The receipts at the Office OF the Assistant Treasurer
Of this port day amounted to SIS III payments
s12472 81. Balance, So 500 $40 20.
The Hudson River Railroad Company will pay the
semi annual interest their bonds the LIST day Of
August at their office, 81 Wall street.
The Bank Of Savings In the city Of New York, will
pay onehsf years interest at four per cent per
num- all sums deposited from the nrst Of January
last, amounting to $500 and upwards and at per
cent per annum deposits Of So, and under $50; to
be paid on the third Monday in this month. II tho
interest not called for II will be added to the prin
cipsl
Thesesmsn's Bank for Savings will pay interest for
six months ending 30th June oil deposits, at the
rate Of six per cent per Of 81 900 and
under, and at Ave per cent per annum sums
81 900. Hereafter this bank will pay six per cent per
snnum not exceeding $780, The interest will
be placed to the credit of the dspositors.
The Institution for the Savings Of Merchants Clerks
win pay dividend at the rsts Of six per cent per
mum. not 81 ooo and Ave per cent per
mum, sums 81 ooo for six months on the 10th
instant.
The New York Equitable Insurance Company viii
pay dividend for half per cent per snnum,
on and after Monday next the 18th Instant at IS Wall
street.
The Madison and Indianapolis Railroad Company
have declared semi nual dividend of four per cent
payable on the 18th inst.
The Mum ullinois) Land Company viii pay divi-
dend Of is dollars per share to the on
the 18th instant (to.dayD
The annexed statement exhibits the number OF fur
naces in and out Of blast the LIST Of January and