The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-07-07
NJ o n L Y M A Il X f r.


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 state Of priced
few transactions made In the stree: YESTERDAY
but they among outsiders and therefore eanuc
be considered criterion Of the market 1t is i'm
preston that buoyant feeling will exist during til
present week. but that the operations will be limited
The arrival Of large amounts Of gold dust califor
MIA will without doubt give impetus operations in
stocks, as it is easier to up prices for paper
securities, than for any species of .shandise;
much depends'upon a temporary excitement in the
public mind, 80 far stock Transactions con-
eerned, as upon any actual improvement in financial
matters, or temporary in the money market
The shipments Of specie continue large, and the ag-
grttste expectation from this psrt this year, up
to tie 9Th instant, amounts to about niueteea
and half millions Of dollars. The receipts at this
port from California this year up TO the date,
amount to about thirty millions Of dollars showing
balance in favor our i'm ports and exports Of about
ten millions Of dollars This is very favorable result
one by no means calculated to any apprehension
relative to the future fears that supply Of specie
will be reduced is impression tina. the sxpcvta
tion ard importation Of gold aud silver win continue
throughout the year at about the rate already realized
In that event there will be balance in favor at the
close, Of full twenty millions Of dollars W. have bad.
trade to lqudate and it is much for interest
10 pay indebtedness in specie, than 10 our public
stocks and securities
IL will be reelected that about two years ago
steamer leaving this port for Europe carried out hua-
drcds of thou Of dollars American ,c1rs tn
whole 81 which used to hqudate indebtedness
created by the purchase Of MERCHANDISE In foreign
markets. We have doubt that between forty and
fny millions of American stocks went to Europe in the
had previously been resolved in the shape Of foreign
products and manufactures Al that tine the steady
mitsn:e of stocks excited alarm, but the
irary all were congntulating themselves ursn the
high credit q securities in Earops; and the
revolution which hsi In the course Of a few months
taken place in public fnerces considered the
tst evidence in the world Of great prosperity
rapid progress So far the fact tina. stocks we're
fought s.r, and largely invested in BY foreign eapIt-
fsts concerned IL highly gratifying and sa.-
factory but the fleet of nding such large quantity
q th, abroad In payne nj for articles of usy and
'Ntravsgsnce uil sooner or later, be rallied aud u
will sitiout doubt be very different from that antic.
pat'd similar state OF ihings exists at III mouent
Our supply ~ stock securities Of the right Kind foe
r.mttarce, h~ been ufcd up, aud hsve 10 remit
'pecie to hes down Indebtedness Ipsteadof ocks
gold and silver going forward by every paeke.
and the effect OF this change in the article remit. ia
will ndsubtedly be much more satisfactory. We have
sTecie TO spare and w. Therefore the
nieht remtsnces We can make. When lb,s paid
IN specie, there Il end to them but wasn individual
Indebtedness uudsted Wy evidences Of public indebted
ness Is merely transfer Of the debt without sr-esting
the accumulation q interest individual debts contracted
two years ago. EXTENDED twenty years hy subttu
Ing United States stocks due in 1870 bearing per cent
interest per annum which interest mvs. be reu,it.e
smiannusy in specie Before these STOCKS mature tho
original debt will have been paid thres times over.
whereas had the original debt been nsy paid IN,
specie, We should not have been compelled TO payy
twenty years interest il TO foreigners Tho pre-
sent state Of financial affairs is not Therefore like
ly to prove DISASTROUS TO the county o. large
ss anticipated, and the enormous amount OF Ame-
rican securities held ty foreigners is Sty 20 sausss
more difficulty than all the shpmcn specie In o,
regular course Of trade could by any possibility b.
done The existing condition Of foreign trade u
result Of large negotiations Of public securities n
Rnrore The impetus given TO import trade by ~.
cor venient mode Of payment, continued long after IN
means Of payment then used had become exhausted
we have been compelled 10 provide for the balance
ally accumuaiing agaiiet by large shipments Of Ie
Gle The evil will ultima tely correct elf, and vi
We otce more get our foreign trs<r sssabIsbed upon