The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-05-30
NIcdicine.-The Oxygenated Bitters
MON EY M ARK EFT.

The buoyancy in the stock market still continues.
Quotations for all the leading fancies steadily ad
vancing and there Is an active demand for railroad
stocks generally The movement is healthy one, and
will be- without doubt sustained Outsiders have made
their appearance within the past week in large numbers,
and they purchase with good deal of spirit and conf
aence The reports which will be made out, show
ing the earnings Of leading railroad companies for
the month Of May this year compared with the
pending month last, will without doubt have very ia
vorabe influence upon prices for the different stocks,
and prove satisfactory to holders However great the
per cent increase in earnings for May, have doubt
but that the earnings for June this year will show
greater 1t must be borne in mind that the
Ceips Of our most prominent railroad companies this
year thus far have been only from the
business. The for pleasure travel has hardly
commenced; but when it does open, there will be such
rush as was never before in this country The
before in such a prosperous con-
dition. They have the means to travel and they
win make the first opportunity available. The peo-
pie Of this country have propensity for travelling and
they have the they carry it out to the utmost
The large earnings Of railroad companies not
merely temporary. They derived from permanent
sources Of income, and the greater they become the
greater the per cent increase Railroads connected
directly with this city, likely to be productive
than any others. The rapid growth Of New York in
wealth and population directs everything connected with
the trade and commerce Of the country to this point and
every mode Of communicating with the Interior with
the seaboard by land water be but pro-
dnctive and among the best paying stock investments
the world The Harlem and Long Island railroads the
New Haven and Hudson line roads, the New Jersey
railroad all terminating in this CITY, grow with its
growth and whatever may be the result Of the competi
tion going on between railroads in other sections Of the
country those absve-named cannot be injuriousy
aHe al hair nhi 4,
secure to them any amount Of business and the time
not far distant when their capacity viii be to
utmost. Those who purchase Harlem and Long Island
ut present prices for permanent investment will in
than two years realize par for them New Haven rail-
road, two years ago. selling at ninety per cent;
II Is now selling at III per Harlem preferred
was at that time selling at 80 per cent it sells
ia per cent. New Jersey Railroad has sold low
90 per cent? 1t sells at lis per cent. Harlem old
stock, few since, sold ut 40 per cent and
would touch 1t at that price, 1t sells at 20 and II
per cent and is in active demand at these prices Long
Island short time since sold at 10 II per cent
sells at % "a per cent and the bulk Of the pur-
chases at these prices is for permanent investment
The variations In the market to-day as follows
United States 6's advanced 4 per cent; Erie Bonds
1852 X; Erie Bonds, 1868, u; Portsmouth, 81 Edge
worth, y; Morris Canal, ii Farmers Loan, 4; Norwich
and Worcester u; Harlem, u; Reading Railroad, .
ing Railroad the most active fancy the list, the
sales summing up more than four thousand shares
The receipts at the once Of the Assistant Treasurer
Of this port today, amounted to s92,o5o; payments
$ao437 e.. Balance, s2,2l5,406 &C.
There has been fair demand for foreign exchange
for remittance by the steamship Franklin for Havre
tomorrow Saturday Our previous quotations have been
firmly sustained; much that the steamer viii take
out large amount Of specie. We quote London,
1os alok per cent premium; on Paris ST. sN ST. TX;
Amsterdam, az a lxi Bremen, sea 7etsi Hamburg
86I a3T.
Five new banks have already been formed In New
Jersey under the general banking law OF that State and
two In contemplation. A certificate has been
filed In the ONCE Of the Secretary Of State ns
tuition TO be called the Atlantic Bank Of Cape May with
capital Of $4,000 Another to be established in
Cumminsville Banks springing up like mushrooms
In every section Of the country and they 20 on much
longer at this rate they win be disastrous to the best in
tercsts Of all classes Of locusts to vegetation
within the past twelvemonth the banking capital Of
this country has increased full fifteen millions Of dollars
nearly half Of which has been In this city New Jcr
rey win soon be literally covered with banks The Free
Banking law passed last winter already beginning to
work Most Of the banks started have do with
the commercial interest Of New Jersey than with Call.
forna. They have been established by brokers having
oces In all street who circulate the bills In this city
and then redeem them at half per cent discount
The issues Of these banks by deposits Of GO
vernment and State securities, and they will doubtless
obtain large circulation but the Of increasing at
such rate the paper currency Of the country
but, ultimately be most disastrous Speculation,
action In trade extravaganza, and all its concomitan
evils flow from rapid increase Of banks and the usual
result must follow The supply Of gold from California
may be all that anticipated and the receipts may be
regulars but even that win not prevent financial rcvu
sion IL may be put of and the bubble become more In
hated by the influence Of California gold but when II
does collapse the runous viii be the consequences
The explosions Of 1887 the result Of the enormous
expansion o. credit during the previous three years IL
is true the basis Is solid and substantial nov than
at that time; but foundation be constructed
strong enough TO stand the immense weight accumula
,ng unless check is applied to the progress Of
credits crash similar TO that experienced in 1887 will
or later take place.
The earnings Of the Vermont Central Railroad Com.
pany, for the month Of April si7s2O 90, against
t56oo SO for the corresponding month year. show
ing gain Of s3215 3-equai to than two hundred
per cent.
The receivers appointed TO wind up the affairs Of the
New Hope Delaware Bridge and Banking Company have
recently held several meetings for the examination Of
claims Of creditors and find out the probable value Of
the assets Of the concern At meeting held Friday
the 9th inst certain broker Of this city presented
fwentythree thousand dollars q the circulating notes Of
the bank and made great efforts TO obtain certificate
from tne receivers In acknowledgment Of his claim
emitting him to portion Of the assets upon division
someme previous to the suspension Of the bank large
amounts Of its circulating bills were sent 70 agents in
different parts Of the country put into circulation
The Columbus Insurance Company concern situated
somewhere in the State Of Ohio received bills amounting
e about eighty thousand dollars to circulate ia that
State individuals aud nitutons in other sections Of
the Western country, received At that timo large
amounts and u vas the intention Of the manaQers n
tie back b. supply those States witch were not blessed
with bsaiing system similar TO that q Pounsyvaui,
sFd NeW Ssrsey, With sound substantial paper cur