The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-05-13

MON EY MARKE t.

.
The transactions day in the stock market exhibit
no variation Of Importance in prices. All the leading
nces were demand the indications an upward
movement in the market generally continue strong ana
healthy The railroad stocks look particularly proms
ing and the prospect Of increased receipts when the
pleasure travel fairly commences is sufficiently good
warrant large purchases and to create considerable
fdence in rise There is class of the lis.
IN which there is such margin for improvement the
land stocks account Of the low prices ruling for
IAost of them but the railroad stocks great favortes
with those whs satisfied with large annual returns
1he investment Government and State stocks
permanent and steady in their market value but at pre-
vent prices they pay such small per centagc interest
the amount invested that it Gully those who afford
~ carry such moderately productive securities who put
capital into them The deprecated stocks those that
have the widest margin ADVANCE sought
by operators OF moderate means, who with little risk
generally realize large pro Gs OF the railroad
the list, the most prominent for probable Improvement
xsc iiarlem Norwich and Long Island and speculative
movement Of any consequence wouli give them greater
upward impetus than any others name. OF the
land stocks Portsmouth and Edgeworth are the most
rromising Canton Company IL already sufficiently in
sated, and We cannot speak Of it with much confidence
1t now several per cent above par, which is
nsueh its warmest friends expect, while there
other stocks OF the kind ruling much low par
Farmers Loan has for time been quiet but prices
have within the past few days advanced considerably
without much activity in the stock. 1t is controlled by
small clique Of SPECTATORS, who appoa to have consider
ahs confidence in its ultimate value ana put it up
down, az suits their interests.
The receipts at the Office Of the Assistant Treasurer of
sAis port to-day amounted TO Sl07 1903 90 Payments
Sl6l.1s25 As. Balance. 81 3il7S4 20.
The Of United States stock issued TO foreigners
from April 20 to May SIT 200; of which S74oo was
81 the loan Of 1872 sl5,so0 Of 1913 and $4,000 Of
1.r.
Aner considerable activity in the Boston share
MARKET last week. aud the prices Of railroad stocks gene
rally advancing The traffic upon the various New
England roads constantly increasing and the result Of
profits this year bids fair to be very much larger than
Scr the past twevemonth. The newly finished roads,
fuch the Rutland and Burlington, Central Ogdens-
tmgh Vermont aud Massachusetts, Concord and Mon
tre Cheshire Passumpsic &C. all show large gains
the corresponding period oflast year Even the Norfolk
County road, which many lave considered to be dead
Or at any rate. fast asleep shows tokens of
vitality having increased its receipts since the begin
ming Of the year, forty per cent There is
fir prospect Of connecting this line with the Norwich
and Worcester read which will form the best route to
New York.
The Miners Journal abiding the increased tonnage
by the Navigation Company, says AT Schuykill
Haven. the Company is suffering considerably Tor the
want Of dock to load their boats The capacity of
the now in the West Branch Railroad could
be increased ct least one-thrd il the dock could
be increased One operator has offered to furnish the
timber and take 1t out In tolls If the Company win put
him up wharf, and extend the dock At Phila-
depha the facilities for unloading boats also very
difficult. Boatmen are frequently subjected to
penc Of from ten to fifteen cents ton for discha rgng
The JON nal thinks there probability Of an amicable
or satisfactory arrangement by the canal and railway
companies At Richmond the wharvcs said to be
blocked up as to materially restrict salcs.
The amount Of railway calls in Great Britain due in
The month Of May only f2o3 ios making the tota
amount called in 1851 c2o76so0 In the corresponding
period Of 1850 the calls f5G5lG 47 in 1919 fl0
G6o1o; and in 1s4S fi6275326 An analysis the rail-
way traffic returns Of the United Kingdom given by Ha
paths Journal shows the total receipts G2s. miles to
be f26 o5 the rate Of cal los per mile per week
For the corresponding period Of last year the receipts
f2322Ts, 5,Gss miles which Is equal to Gao 15s
Per mile per, week There Is thus increase In the
amount received OF foeai7, II per cent
In the mileage Of seO miles. losf per cent and
increase Of los In the amount received per mile per week
The Raiuay Times estimates the total traffic return ned
since the LIST Of January II f3 1885, 6253 miles
G5s3 lss l0d per mile. Tor the period in 1850
56e1 miles, 1t amounted to &c 3l3s5o averaging
E5sl Us, Sd per mile This indicates Improvement
compared with the previous year to the extent Of 81
o. 6,ld per milo.
Although the weekly imports Of bullion into London
have, for time past been larvs the exports have
been nearly to corresponding extent. During the
week ending the 18th ofApri the mportations Of bullion
amounted two hundred and seventy thousand pounds
and include, by the Thames from the West indies
&iec9oi6 besides s21i22 plata pima, and 81 25 patina
also $4,000 by the Pennsular and Oriental steamer In
dus; G12GS7 by the Pcnnsular and Oriental steamer
Madrid from the Peninsular ports The export during
tLc period as folows:-Gold and silver bars
20 Hamburger 107 gold bars 10 Dunkir 80 gold
coin 70 Belgium 2Gas O.; 10 Hamburg 1000 or silver
coin TO Boulognc $500 The value Of these exports
sbou clG3C0 Besides the exports from the port Of Lon
don the Ripon. peninsuar and Oriental steamer took
from southampton c1saT53 (c6l0oo gold for Ceylen,
Madras and Calcutta fi7ooo gold for Aexa ndria; aud
G11oOo0 silver for Madras Calcutta and China) and
The Betsey, schooner - 600 soveregns to oPorto.
The Secretary Of tle Board Of Canal Commissioners,
of Pennsylvania has furnished the following statements
exhibiting very gratifying increase n trade the main
hnc Of the works for the month q March 1851
compared with the same month IN 1870 and 1880 The
shipments from Philadelphia, westward In March 1919
$780, and 1851, by the regular forwarding lines
follows
ls4o pounds ~ Ol5o0o
1sD ss.s..s ........ llJ4VVO
ISL regular lnes -. pounds, lI.I2ioo0
900
Increase over 1850 Gl0GI3O00
The local trade + not included ia this statement
The shipments eastward from Pittsburgh by canal in
March, 1850 and 1851, tollows;-
No. e,Bsa',. Tcnae,, in p,
$50. ..ss.t..t............. 13hOO1i6
1871 ....s..sss.sst*.ss.+V OIL It55e19D