The New York herald., 1851-08-11

take In their calculations The market too weak 10
bear such weight and broke down ct once Il win be
dcult to revive speculation second time, and II
h question the bsazs Who have been large buyers
wiz not be compelled to keep their stocks sell them
without the profit anticipated Both parties in
very curious position The bears hardly dare sell largely
short ct present prices aud the bulls have suffered
severely that many Of them little able TO operate
even to moderate extent. Capitalists will without
doubt pick up Of the best railroad stocks ct present
prices for permanent investment but the future doe
mot look fair enough TO induce large purchases ON time
without the to take them in at maturity and the
ability to hold for any length Of time, In the event OF
their being deprecated.
The money market continues in q very stringent con-
dion It somewhat easier than 1t has been, but the
demand is active, and the supply comparatively limited
The rates Of interest at the highest points, and
pretty shsves have been submitted to In the
street It is impression that the worst Is yet 10
Gomez that we have had thus far but trhing sringsncy
to what will sooner later be experienced We sntic
pssd that the sudden contraction would be but
mporsry or rather that its full force would be but
temporarily felt that partial recovery would be real
lied, to be followed by relapse. We have passed
through all the last the most alarming stage Of the
disease 1t would be well enough for all to prepare them
selves ss much possible for su~h state Of things for
come must perhaps at time when the least expected
The banks have been much blamed for the part they
played In the recent contraction in the msney mar
ket but the out door bankers the private capitalists
the great bear spectators Of Wall street. the parties
who suddenly produced the srngsncy complained Of
There power behind the Wall street banks stronger
than the banks themselves The banks must look out
their interests and in doing they must avoid
IS much as possible all extremes whereas 1t Is for the
interests Of the money power outside Of the banks to
krng about sudden contrscons and make one extreme
olow another in rapid succession.
The anthracite coal trade continues very active all
the lines of coal transportation The Lehgh Navigation
Company brought down. the week ending on Saturday
last 2ST5a tons and for the 629 369 TONS The
schuykin Navigation Company brought down, for the
week ending Thursday, 17,o7s tons, and for the
season s22 The Reading Railroad Company for
the week brought down 40 492 tons and for the year
lOl7 s4 TONS against 7Ooeos to the time last
year. What most satisfactory feature in this seasons
coal trade is it is attended with brisk demand and
rising prices The amount Of coal shipped from Cumber
land by the canal during the week ending the 9th ns
tons; during the week ending the I'd ns 546
tons tent to Baltimore by railroad
The City Bank Of Brooklyn has declared semi annual
dividend Of three and half per cent. The Mechanics
Insurance Company Of Newark, semi annual dividend
Of ten per cent.
Reports have been circulated uufavorabs to the COM
nercal credit Of Gen. James, Of Providence, Rhode
sand the enterprng manufacturer Of that place 1t Is
stated upon the most undoubted authority that the
barrssments which led these reports accidental
and temporary At his request thorough examination
has been made Of his affairs and the result shows assets
which very large to be nearly three times the amount
Of his liabilities leaving him. In any event. in the posses
sion Of large fortune.
The exed statement exhibits the quantity certain
articles exported from this pert during the week ending
the 10th ins distinguishing the destination and extent
Of shipments to each place -
COMMERCE PoRr New YoRK-WEEKLY Ex-