The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-06-04

MON EY MAR EFT

The stock market continues buoyant Quotations fol
most of the stocks the list advancing. One
two railroad securities deprecating notwithstanding
the great efforts made sustain them We allude par
culary to the Erie Railroad stock and lower class OF
bonds Our anticipa ions relative to this stock have
been fully realized IL will be recolected that at
ributcd the rise price to the excitement at
tending the opening of the road through to Dunkrk
and remarked at the time that the great
festival the market value of the stock would
depreciate All this has taken place the stock five
per cent lower than at the opening of the road and the
probability is that prices win steadily settle down. until
point somewhere in the vicinity of the intrinsic value OF
the stock is reached 1t would puzzle almost any
to tell where that is The earnings for May
to sl7445 II against l4s226 So for the
month last year showing increase of only s25s 81
for additional length If road of about hundred
miles, from which business drawn part OF the
month. 1t is impression that the net income for
May 1851 considerably less than for May 1850 Large
lots of stock we're sold to-day time sellers option
Harlem and Reading Railroad firm at quotations
Both in demand and holders by disposed
TO sell except at advance 1t is opinion-and
wish to place it record-that the position of Erie
and Harlem Railroad stock in the scale OF prices will be
reversed in less than twelve months Harlem will 60 up
to where Erie Railroad is and Erie will come down to
where Harlem is. Reading Railroad sustained by
the force of speculation 1t is in the hands Of parties
who have the means TO carry essary good portion
Of the whole capital stock and the probability is that
prices will touch higher points Long Island Railroad IL
pretty steady but there is much activity in the stock
Canton is dull, but firm Edgeworth Co improving
Portsmo nth Dry Dock depressed and depreciatng.
The receipts at the Office Of the Assistant Treasurer
this port to-day amounted to s74353; payments 500
326 72-baance, 81 235 OBJ IS
There has been active demand for foreign exchanges
Inv
nesday) and rates have been firmly maintained. We
quote bills on London lo l02 per premium on
Paris, 81 Sa4 ST ~ Amsterdam, Al all i; Bremen
70 a 'ol4, Hamburg. 364 81. The steamer will not
take out very large amount of specie.
The amount of specie imported into Boston for the
month Of May, ss5055, Of which sj192G was gold
and s34129 silver The amount exported sl6e75s
Of which Sl09,sC0 was American gold
The news from California is interesting and important
The mines continue to yield abundantly and the ap-
preaching promises to be very prosperous
According to the accounts received by this arrival both
public and private the production Of gold in California
during the 1851 will far exceed that Of any pre-
vous year as to astonish the world. The statement
published yesterday Of the exports gold dust
Francisco in each of the first three months 1850 and
1851 shows increase Of several millions In the ship
ments this year The returns for April show large
portstion but they not Official and be
pa-atively given In April last year the shipments Of
gold dust from San Francisco ted to Dol 600
cording to the Custom House This year they
more thar double that amount, and the season
advances they likely to exhibit greater per
cent increase By the steamers Empire City ard Nsrh
America, are in receipt Of nearly three millions OF
dollars in gold dust aud the Falcon will probably take
large amount from Chagres to New Orleans The
ers Oregon and Republic. at Panama from San Fran
cisco brought down upwards II two millions in gold dust
freight and 1t is estimated from the large number
passengers and the character Of the homewsrd bound
travellers that full much board In trunks
and carpet bags The receipts at the mint show sboas
the amount brought home by passengers and freight
each month The mint operations during the month OF