The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-05-08

WEDNESDAY,, May Tsp. N.
We have nothing report In the stock market to-
day The transactions to about the usual cxteRt
and prices vary but slightly from those current at the
close yesterday. There Ia impression in the street
that considerable advance will be realized most of
the fancies before the lapse sixty days This beliefs
based upon the fact that several millions Of specie Will
Ia drawn from the Independent Treasury, within the
period above named which, with the receipts OF gold
from California will give castor money market than
VIC have had for many month"; The government will
pay out between this and the LIST Of July nearly six mil
lions in specie. This now on dep sit In the govern
mcnt depostories and when put again into circustoa
1t must give great impetus TO commercial operations
Heretofore when the government kept surplus
On depo+t In banks, any large payment had rather an
unfvorabe influence upon financial Affairs, a. the banks
compelled to call in loans from their regular
toners, and their ordinar, Of business was dis
turbtd Now the Is entirely different Accordn g 70
the lstet returns, the government had hand more
than fifteen millions OF specie. That immense amount
has been drawn from the channels o. commerce.
and has been lying idle In the bands Of the Assistant
Trtasurers distribution Of six to eight millions Of
this dormant capital will Give great vigos to the
ments Of trade form the basis Of credits for three
four times the amount. We have doubt Blu. that
within tho next sixty days at least twelve millions OF
specie will be put upon the market most Of which the
banks viii get hold Of and. IL possible, keep. The de-
msnd for shipment to foreign ports may continue and
large portion Of receipts may 90 abroad but there
will be- wihou, doubt steady accumulation Of specie
in the vaults Of banks and In circulation through
out the country which viii not only sustain the present
expansion OF credits but sustain steady increase IL Is
this view cf financial affairs that has given many
the impression that Spccustvc movement OF consde
radio importance viii be realized in the fancy stock
market such state cf things would be very likely TO
produce such n result bot 1t by means follows that
prices for stack must advance with any great increase
in tho supply of money any reduction In the rate Of in
tercs any unufua! AGILITY for obtaining loans on by
Iihecntcn q ordinary securities. The prospect il GER
,sipy favorable for moderate rise In stocks but
by no means Opposed 70 believe that any important
spetulst i've moStment will t. kc place.
The receipts at the oco Of thu Assistant Tree surrr OF
Thu pert. to-day amounted 10 sils2s9 81; payments
ST. 81 palanoe. s4i342 57 ~. The amount Of du-
ties imports paid during tho past three day. has been
Large.
Tho steamship Asia sailed at today, took out
s3s2ssa in spcoie Tbs Humboldt foe HAyre, carried
ssS8o5 in specie which with the amount board
tho Asia makes aggregate Of aad quarter mil.
lions q dollars In pccic clipped from ths port during
tho pat two day..
The ttuseta 81 The MerrG oto Mutual Insurance Com
pany have declared dividend % twenty per cent
scrlp tho 18th a. hsy Interest At the ra Of six per
cent will be paid the day tbe certificates
Isto and the certificates Of isi9 will be redeemed 10 cash
on the iith of JUL mat.
Wettc by late papers from the Mexican capital
that Senior Es,evs the late moiss ~ Finance has just
finished snd senl 10 PRECEDENT Ari-ta long memorial
the state tfthc finances u tho copstJ Tho minister
Clearly forth the dicuica e tho treasury and pro-
nGuneos sgaint the Law of the 9th November, which
renders the incar able Of mong ts expenses
CT raging pgBc,ually the niere' upon is debts lie Il In
fvor of the most liberal policy concerning prohibitions
On COMMITTEE. AZ the time be vigorously stt,cis
that d question the bcnedces and property Of the
c,rgy gives their oppos,cp his financial projects
a relief the reason of his leaving the cabinet lie
further shows up the troubles and disorder IN tho anan-
ca and other bureaus o. the government and asserts
that a dccid.d change must he mad. ia tho prcsent
course cf the administration.
The following The prices o. Cumberland agreed
upor ny the dFcr nj snies ~ the different psnt-
Delivered board canal boats at cumbcrsnd-pine,
| 81 ~, run O. mipcs, 81 30; scrpenrd, ~ -.
In AlCxsnaria board of ves-Pine, ~ 10; run u
minss, ~ NJ; screened, - %.
In G,crgrtovn Washington and Alexandria on shore
At Bsl,imorc-Fine 81 50; rvn of miAes, ~ rs;
On al Cumbcrisnd-Pine. 81 To- run Of paincs
| 81 10; ecrcened. ~ Go
| The above rate. arr lower thsn tho former ONES.
Tho great cotton mill At csnnelton, Indiana Is In
active operation. Regular shipments Of xcods, No II
theetinrs take place every week Upwards Of two hun
| drrd hands constantly employed Over on
hundred and 'y looms snd about thousand spia
dies In successful operation Additions also beni
made continually The goods manufactured In this mil
Of the meet substantial quality and have doub
viii meet with ready sales The hundred and enJ
looms new In uso viii produce upon an average. al
g. yards Of cloth week. which, q ltcf u quite al
item o. shipment from little town like Connection. Tn
machinery Of this factory Is without doubt efficient a
any In the United States and hazard but little II
| saying that when fairly under way In Ordinary
times this mill viii he profitable to its owners as an
| similar establishment In the country.
The Boston Cspris says that within the past week
there has been quite Improvement In the condition o
tho RANGES The great bulk Of the business VARS
now satisfied BY the banks and very little unsoubtc(
commercial paper seeks for discount out Of doors
new feature in the money market L. that ome o. w
railroad corporations heretofore borrower are now &C
tuauy lenders, Temporarily Of ccurse; but such Is Tn
fact Loans upon stock cosierais are easily nesctste
At lower prsmiums than they hare heen for some tin
sa,; end the hcsvy tnpsussssss strcsA y stste n