The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-06-19
MONEY mARKEr.

wspsEspAv. June Is-GPM
The stock mark, does continue active long AZ a.
time Yesterday the transactions were large, to day
they quite limited Reading Railroad "a the most
active fancy the list and II the only stock tha.
improved to-day in prices There were larger trausac-
items In stoungton, AZ the first boarI than have
esd for long time and the sales buyers option show
flight advance in prices Harlem Railroad firm a.
quotations current ~ the clos. q the yesterday
Very little stock offered Norgich and Worcester
Railroad remains without any material alteration. Il
has not nuctuated thnu per cent during the
rast two months. Long Island Railroad does not move
much either way Holders firm In their belief that
tie stock j. cheap nt present prices and instead
fclnr acding o. their supply largely their
means will permit Nothing has occurred to chanrs
the opinion expr,ss,d sometime since relative -
the rlars and prospects Of this company hut Tho
contiary many things have occurred to strengthen our
confidence In the future productvcnosa Of The road
Eric Railroad hns been rather quiet lately Considera
bic interest EXITS relative to the earnings for the present
month, ~ the company have had fair opportunity 10
tcst he capacity a0d Of tn road Canon
Company auctuat,d vets, rday considerably Up In the
morning and down ~ the afterr In the of any
strngtncy IN the money market this would be amon.r.
~ list stocks On the lit that would fell H. Farmers,
Loan hss been inactive some time past This stock
+ held in such large lots that very few are Interested In
X 1oyernmcht and state stocks are only In moierato
demand and prices have been for long time quite uni
fom About Two years ago every packet or Europe car
lied out several hundred thousand dollars government
and State stocks e. supply the foreign demand our
public securities Tina, demand having been satisfied or
rather our supply Of such stocks European capitalists
desire having become nearly exhausted sbtspesa
abroad has t. b. lquidsed In other way and that
way just is by shipments 81 the precious metals
But for the high credit Of public stocks in Europo
during the past three years and tho inquiry for them
for investment should long before this have beer
drained Of more gold than California has given us during.
IT, existence The gold Is going forward fact enough now
70 satkfy the most n,e,erate bears and ~ h likely to.
keep moving Tho steamship Asia Tor Liverpool takes
out s11i5s2O In specie. principally gold
The telegraphic despatch from New Orleans giving
two weeks later intelligence from California has created
considerable excitement in Wall street and vicinity
The reports that the most important avd valuable por
on OF San ranoco bad been destroyed by Ore are not
generally btivcd but there Is doubt that very &C.
nous oofiagration has tiken place. There are some
der'panees IN the ,lcgraphic accounts in relation to
streets buildings &C but the account gsneraIly Il
Without doubt correct Those extensively engaged In
w. California trade have been greatly alarmed by those
reports and vel they may be, II the fires in San Fran
cco and stocatgn have been disastrous "a stated
An immense amount Of money due from merchants in
California y th and othcr Atlantic etcs and whatever
tranphc' calculated 70 postpone the payment of
any portion Of this would create to say the least
great deal q embarrassment and drcss in this city