The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-04-05

MI ON EY Nj II X Z II

FRIDAY, April 4-6G. VI.
The speculative excitement in the stock market Is in
creasing with wonderful rapdity. Buyers have been
quite plenty during the past few days and purchases
have been made to great extent The bears have been
almost panic struck and have been making themselves
long us fast possible They evidently feel convinced
that the time for another imitation in fancy stocks has
arrived and find it useless to contend against the
rent 1t would be wise for those who have, for
time past been operating for fall, to withdraw from
the market and let the bulls their way for
time at least 1t useless to attempt to stay the
men and fortunes frequently lost in abortive efforts
to arrest expansion in prices There is time for
everything and everything in its time Fancy stocks
will advance and recede like the tide and those who
suffer themselves to be borne with the which
way it sets generally most successful in their
operations II Is our impression that about
entering period ofpecuation in fancy stocks equal
perhaps TO experienced within the past two All
the elements in a sound and healthy state. Money
is daily becoming abundant confidence is rapidly
increaing and have doubt but that another week
win show very great Improvement in prices for all the
leading fancy stocks There is better feeling among
operators, and the disposition to buy is extending itself
among the heaviest outside spectators.
At the first board to-day, Erie Convertible bonds adj
yanced d per cent; Erie bonds, new, 1s Income, a,
Farmers Loan u; Morris Canal, Il; New Haven Rail,
road. al Portsmouth Dry Dock, u; Canton Company
"a Mohawk l. from the opening; Edgeworth Company
Il; Reading Railroad x Eric Railroad, 4; Harlem
u Norwich and Worcester u. The bulk Of the
actions for cash, and the market closed firm. 1t
would not surprise to 4 slight reaction In the
course Of day two. ri.. rapid that soalizad
during the past rev iay, prtty ACTIONS
but they do not last long
The receipts at the office n the Assistant Treasurer Of
thi port. to-day, amounted to SSIo46 So payments,
so6.o3s 39;-balance, 81 0s437s 05
The European by the steamship Bal:c is more
favorable in commercial point of view than anticipated
The advance in cotton not expected but the
trary slight decline looked for In other markets
there had been variation Of consequence either
CARDS prices movements Financially, the
nues favorable The Bank of England had not raised
the rate Of interest and money plenty enough at low
prices, for any and all purposes This is about all the
late advices amounts Operators in the market
little anxious to what the next steamer will
bring They have been far out in their calculations
this time, that it has Created considerable curiosity
know what will be the complexion Of later accounts The
next steamer will be due at this port on Friday next.
According to the circular If the Secretary Of the
ury holders Of Indebtedness look TO Texas
for the adjustment and payment Of their claims and
to the government Of the United States This decision Is
by satisfactory to holders of Texas bonds
treasury notes IL has been until very lately the i'm
preston that the United States would pay hundred
cents the dollar Texas has publicly announced that
her creditors will be paid according to the classification
Of her indebtedness by the State auditors which gives
ON treasury notes twenty-five cents on the dollar. On
eight per cent bonds twenty cents the dollar On
per cent bonds, thirty cents the dollar.
The steamship Franklin for Iavre will take oal about
100000 in specie Of which onc-haf will b. silver, and
oncaf gold Sterling exchange has been in active de-
mand to-day and the rates have slightly improved We
now quote lo4 1o,l per cent premium.
proposition Is before the Legislature Of Iassacl,-
sets to loan the credit Of the State for millions 0,
dollars to the Troy and Greenfield Railroad Company
Estimates from eminent engineers In relation &c
the opening of tunnel under the Hoosc mountains for
this road very wide apart The expense varies from
slsoo000 to s3,0oo0Os; aud the time for completing
varies from Bur to fifteen years 1t would be well eoough
10 double the hhest estimate of cost and then 3. ght
| be built within fifteen years.
The receipts Of the New York and New Haven Railroad
Company for the month Of March, 1851, amounted to
s4sj1 c. against So $50 43 the corresponding month
In 1850, showing increase Of s19Gsl 10 equal 6s
per cent The receipts for the first three month. 81 1851
amounted to sl55 23 against for the same mouths
\ in 1850 Increase SOS $50
The following scmi-annual dividends have been de-
clarcd at Salem Asiate Bank 81 per cent; Merchants
81; panvors, 3lsi Warren, "a; village; l. The Cape.
Ann Savings Bank has declared extra dividend Of
per cent all which have remained on deposit
not s than one year prior to the first Wcanoday II
April 1851 Such deposits have earned per ocnt since
the bank went into operation The Tradcsrnans Bank
Chelsea has declared divide nd Of 81 per cent for
seven months from September 1st, 1850 when Il vent
i into operation.
The value Of merchandise imported into THE port for
\ the month Of March, IS annexed
PoRr or NV YoRg-IAroRrs ron M,Rcu 1851
nutiabe merchandise. ................... Sieo,ill2
4 Free do ................ oslslo
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