The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-04-15

MoSDAy. April lisp VI.
The stock market did open very buorant this
ming The transactions large, about equally divided
between time cash operations Most the ancies
fell of fraction At the first board United States 6s
advanced y per cent; Erie Income Bonds II
Erie Bonds, 1852 "a Mohawk 4; Pennsylvania SIS
fell of y per cent; Erie Convertible, = Canton Compa-
ny. la; Farmers Lean, Il Morris Canal, =; Norwich
and Worcester al Reading Railroad, =; stoning-
ton. =; Erie Railroad, u. Portsmouth and Edgeworh
remained firm There large sales Of United states
stocks and Of railroad bonds The market Is In very
unsettled state.
The receipts at the Office Of the Assistant Treasurer at
this port to-day, amounted TO S1240s 81; payments
s3ol 2os o. Of which 100000 transferred to New
orlcans-balancc, s4,l33s30 co
The demand for exchange continues active without
any alteration in rates We quote London 10 loys
per cent premium On Paris, fI1t. a. 6f10. Am.
sterdem, s1h a4l4. Bremen, 70 7g4 Hamburg
3eala37
The amount a. tolls received on the Illinois and ichi
gan Canal at Chicago during March 1851 81 02G 20
against $3.50 TO- for the corresponding month in 1850
Increase. s202G 50.
The money market T. getting easier The stringcncy
for the season. Is about The banks having made
their quarterly report the comptroller have disc ounted
freely during the pact few days. For sometime
past the amount ~ paper maturing daily at the banks
has Teen large and while the dcounts limited the
eject was unfavorabe upon money matters generally;
Tut order Of things exists aud tho hanks dis
count daily beyond their receipts The result Of this
Is steady expansion Il credits, but the specie bas
i large enough to justify 1t. The mot important
question now under consideration In tho financial
circles. Is inr,ation TO the future supply of gold
from California The extension a public and private
dts during the past years has been great that
any important falling OF in the receipts q gold dust
from san Francisco. would be immediately attended
with disastrous consequences Notwithstanding this we
resist the conclusion that than generally
ANTICIPATED such will be- the result Thus far this year
the receipts e gold have been limited much below the
most moderate estimate and there l. foundation
the superstition that they will hereafter b. any larger;
but. On the contrary all accounts induce 20 be-
heye that they will not average monthly much
they have. The time for picking NJ gold in
large Jumps in California has passed away, Ma.
cLin,ry must be brought uto use TO obtain gold
and the calculation made in California makes out
that every dollar Of gold produced costs at least sixty
cents II that u CORRECT estimate. IN less than two
years will cost nearly much 70 get u II l. worth
Improvements will doubtless be made from time 10
time in machinery employed in extracting the gold
ffom the rock but II !. our impression that a
les number Of people will turn their attention
to tic tufpess, and that other occupations and
pursuits In California will this year receive great
accession from the mining population. when II
costs nearly much 20 produce gold II l. worth al.
venturers viii not sck after u and those engaged
In that employment win abandon t. when the product
q gold In California l. reduced ten on fifteen million
Of liars per and the production at that rate Is
steady and permanent the progrcs Of that country in
property and wealth IN population and IN civilization
will he cqual TO anything q the kind ever realized on
this continent That time Is not far distant and the
opinion rapidly gaining ground that the year 1851
will 'mTctty aay all excitement attached 10 the pro-
dnction q gold dust In California
The season Is about commencing when We may look
for the appearance in this market any quantity Of
newly Manufactured Incorporated companics brought
forward w SPECTATORS for the PURPOSE II distributing
the stock and relieving themselves u portion ~ the
csIitsl gsek efusb Wsshall no doubt, soon have