The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-08-29

These quotations in many instances. cannot be con-
siderto otherwise than nominal There have been nc
transactions in Of tho securities above named for
long time, and the asking pzce is therefore, all
quote. During the recent pressure o the money
market government and good State securities have not
been very freely offered at the brokers' board the ope
rsions having been principally Of private nature.
When confidence is capitalists prefer leaving their
funds quiet deposit in the banks ready to take nd
vantage at any time Of The stringcDcy In the market
snd realize two three end four per cent per month in
stead Of enc half per cent which Is the utmost
that be made when money IL plenty Fancy stocks
the most active securities the lis. when money
scarce. Erormous sacrifices made these un-
guaranteed stocks ~hen anything Ike panic exists,
and hoders ale al trying to get out at Confidence
in our publ; securities falters. Holders seldom
realize unless they are hard pressed for money.
One Of the best, and by all Odds the cheapest State
stock tie market at this moment Is that Ct State
Of Virginia Sales have recently been made at a pre-
MUM Of FIVE and Fix per cent and there IL in
the world Why they should rule fraction below the
PIX cents Of the general Of any other
State in the Union The securities VIZ ailude to are
coupon bonds having thirty five years 20 rum interest
payable seni.aBlusly The agricultural manu- ctur-
ing and mineral OF Virginia great aud
superior tbose any other State in the conderacy
Her territory larger than that OF any other State
within her Limits. In abundance Besides the immense
sa regions II Kinswka there in outhwetern Viz
gpia sxhaustble stores If this valuable mineral The
ss water found In Washington county Is stronger than
that n any other county. Fossil salt. the largest IL
not the only depo.ite Of the kird discovered In the
United states Is found the salt hills above noticed
and has been bored into at least fifty hundred
iset and without going through It, Gyfsun plaster
Of Psris OF The purrst kind exists In great abundance
In connection will thu fossil salt There many de-
potts Of iron from ~h'ch r-r ed and hammered iron
can be msde, which will rival the best productions OF
Russla aid sweden. Porcelain clay Gne any In
France Is fVpo Farmve IN other sections Of
Virginia. The granite of Richmond l. equal In quality
ard beauty 10 any in the United States The sl,te on
Slate river Is better than the Welsh, being harder,
stronger. and more FIRE from earthly matter Marble
and soapt"ne so"und in many parts Of the Safe o:
good quality ana In great variety. Water line, O
pient Is 'und % the James river, Of very superior
quality has H. found TO BE- decidedly superior to
the best EpslSh In the region limestone Of the
purcst quality also abuuuds Th-rs Gl-o great guam
titles Of n.sr- srd hr,clsy James and near
RiehUona GOLD. coai. and copper found In abun
dance cas-, ~ b. blue Ridge. pesdes the coal Of the
East sno The southeast tho Kenawha region posecsscs
an ineSi su't'l. sppIy An enormous vein OF canneI
coal has been dscov-r-d With in year or two past In
Kenavba THIS Is The most beautiful and valuable Of
all coal u is also g,d that wool grown in Virginia.
'r' thu beet impi snssp better In many eases
than he finest saAry and rivals the best Australian
production u i beeved that the climate Of Virginia
superior To II Of either Of those countries
Production - the dne.t wool State with these
net r,po alton become immensely
wealthy End The time IL not far distant when its ad-
vautArss will q ripsfh sswopstrrssd