The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-07-07
NJ . n L Y M ARK EFT.

The Board Of Brokers having adjourned from Thursday
last to Monday the It'll inst, have had official
transactions In the stock market 20 record and are
therefore unable to give any idea Of the price1
few transactions were made In the stree: YESTERDAY
but they among outsiders, and therefore eAnno
be considered criterion Of the market 1t Is our i'm
preston that buoyant feeling win exist during til
present week but that the operations will be limited
The arrival Of large amounts Of gold dust from cafor
mia, will without doubt give impetus operations
stocks, as 1t is easier to move up prices for paper
securities than for any species of me shandise;
much depends'upon a temporary excit..aent in the
public mind, far stock transactions are con-
eerned, upon any actual improvement In fiuapcsl
matters. temporary in the money market
The shipments Of specie continue large and the ag-
grstste. expectation from this p,rt this year, up
to tie 9Th instant, amounts to about nipeteea
and half millions Of dollars. The receipts q, this
port from California this year, up TO the same date,
amount to about thirty millions Of dollars, showing q
balance in favor our ports and ports Of about
ten millions Of dollars This Is a very Evcrabl. result
one by no means calculated to cause any apprehension
relative to the future fears that supply Of specie
will be reduced. 1t is impression tina. the sxpcrta-
tion ard Importation Of gold aud silver viii ccntinue
throughout the year at about the already ,caaed
In that event there will he balance in our favor at IN.
close, If full twenty millions Of dollars W. have bad
and It'll have large balance againtt us on our foreign
trade to lquidate and ii Is much our interest
TO pay indebtedness In specie than 10 our public
stocks and securities
II will be reelected that about two years ago -
steamer leaving this port for Europe carried out hun
dreds of thousnds Of dollars Of American ,s:aritie tn
whole 81 which used TO Hquidate indebtedness
created by the purchase Of msrehandise In foreign
markets. We have doubt that between forty and
fifty millions of American stocks Europe in the
off xr,'v
had previously been resolved in the shape Of foreign
products and manufactures Al that time :he steady
mttsn.e of stocks excited alarm but the con
irary. all were congatulating themselves ursn the
high CREDIT q our securities in Earope; and the
revolution which hsi, in the course Of a few months
taken place In our public hnerces considered the
t evidence in the world Of great property and
rapid progress. So far the fact tina. our stocks were
fought after and largely invested BY foreign eapits
fss concerned it highly gratifying and satis
factory but the nect of ndDg such large quantity
e them abroad In payne Mt for articles Of lu~uy and
'Ntravsgance, ul sooner later, be rallied and IL
will Without doubt be very different from that antici
patsd similar state OF jhngs exists at III moment
Our supply ~ stock securities Of the right Mind for
remittance, hss been ufcd up, aud have TO remit
peeie toke,p down our Indebtedness Ipsesdof socks
gold and silver going forward by Every psehe.
and the effect Of this change in the article rcmt,s
viii unds ubtedly be much satisfactory We have
sTeee spare, and II H. therefore Of the ecnve
nieht remttsnoes make when n it,s arc paid
IN specie, there IA end TO them but vsn Individual.
ndebtedness quidsted Wy evidences public indebted
ness merely transfer Of the debt, without sr-esng
the accumulation ofinterest individual debts contracted
two years ago. EXTENDED twenty years hy subetut
Ing United States soc due in 1870 beerio six per cent
interest per annum, which interest mVss be rer,itetl
mannualy in specie Before these mature tho
original debt will have been paid thre5 times over
whereas, had the original debt been originally paid m
spccie, we should not have been compelled 20 pas
twenty years interest IL 10 foreigners The pre-
sent state Of financial affairs Is not therefore like
ly TO prove DISASTROUS to the country q. large
ss anticipated, ard the enormous amount Of Amc.-
rcan securities held ty foreigners is Htely 20 sause
more dihoulty than all the shipments OF specie In
regular course Of trade could by any possibility b.
done The existing condition Of our foreign trade s u
result Of large negotiations Of our public securities
Europe The impetus given TO our import trade by ~
cor Venient mode Of payment continued long after tn
mSnns Of poy then used had become exhausted
We have been ccmpeedto provide for the balance
ally accumuaiing agsiet by large shipments of se
rie The evil will ultima tely correct nlj, and vi
We ouce more get foreign trsss sstablisbcd upon