The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-07-03

hhe At the first board to-day, Erie Railroad declined
y PER cent; Canton Company, II Long Island, N;
h~wish and Worcester, y; Reading Railroad, -.
dividend BY the Reading Company Is still doubtful
TUESDAY next is the period 6Ied to determine the ques
Nn The impression Is, that a small dividend viii be
declared.
The receipts at the ONCE Of the Assistant Treasurer Of
this port to day, amounted to ss5,32l SO payments
$sas<7 o4balanee, Oa5 CIT "a Interest govern
nsnt debt paid to- day, $:3s 900.
The steamship Niagara, for Liverpool, carried out
$3.50 1913 in specie principally gold portion Of this
shipment account of interest due on United satos
securities held by foreigners The steamship Arctic
kavss on saturday, for Liverpool She will take out
about million In specie.
Within the past week large failures have occurred
10 this city, all Of which caused directly indirect
y by losses growing out OF the California trade Of the
four failures alluded to, two banking housesone
engaged in tho shipping business and one in the dry
goods importing and jobbng business The amount in
voived In these failures cannot be less than million
Of dollars Speculation is the Of more bankruptcy
and ruin than is brought about by the Legitimate
operations Of the community at large; and it Ia de-
Walton from the regular line Of bun and putting too
many irons into the fire at that the substance
Of most Of those thus operating and compe them
later to their insolvency The California
trade has thus far been disastrous and the failures
that must result from the heavy Losses realized, have
been just commenced There are this moment score
houses In this city, who struggling, staggering
Along, like drunken man, uncertain what moment will
PROSTATE them to the ground Those which We have
alluded to will probably lead to others and whom the
gets fairly under way all those lettering
70 their very foundations will fall In the gene raj crash
TAs great revusop in 1887 started by the failures of
cotton cuiators IN New Orleans and there ndiea
Ssons OF crisis being produced by similar causes,
smapating from the source. The failure we
announced yesterday caused by the suspen-
sion Of q cotton Spectator in New orleans-Peter
Oonrey Jrwho up to short time prior to his stop
page, supposed TO be q millionaire. This is only
smother illustration of the folly giving unlimited
Alt to individuals merely upon the reputation Of Being
ash. Within the past six months there have been, in
all parts Of the country all of ny failures the result OF
SEPARATIONS in cotton coal and CALIFORNIA; and the proba
hihty H. that within the next months twice many
more will take place from the same oausos.
The best news that the steamship Africa from Liver
posl brings, Is the advance in quotations for cotton
This with the improving business IN the staple will
cheer up many hesrs this side of the Atlantic and
rnew hope and confidence, and perhaps many who
we're upon the verge Of ruin. The markets for bread
ans better, and buoysnt feeling existed in
VT money market The advices, the whole fvo-
rsbe Should they continue for several packets the
s this side will be very great We extract the fol-
1swng from James McHenrys circular dated at
49, 2lst ult.:-
There Is only moderate inquiry for cotton this
ing and as full supply is Ing buyers getting
so bsls; middling Bowels just sold ut I'd per To-
The accounts from Manchester all that could
srsd but tn. great strength II the spinne-s' position
b. h. ng without stocks Of yarns go Ms, may i'm
probably induce them to throw the % holding
heavy stock Of the raw material on the importers
sane Is In ls45-apd cannot reasonably antici
pas any serious advance With present prospects only
The value Of merchsndise imported into this por.
during the month Of June, 1851, annexed
COMMERCE PoRr NEw YoHs-Isposrs FOR
JuSE. 1851
batiabe merchandise. $500 63l
srse 90; '.'''''.'.'.''''.. oos 10
obeois ana puilon. Ia Lo'
June ls5I-Total value of imports. $751; 5sl
DO. Total value OF exports. 10 5523sl
Excess cfexports over imports. S1,5TIsO1
This In the fret time for great many years. that the
exports from this pert 10 any mouth exceeded Il
imports for the period In June, 1851, this
sas u t74Soo During the pas. month"; the value o
merchandise withdrawn from warehouse, s7l7e33;
and the amount entered for wsrehouseing Sioa3,3a5
sash duties merchandise withdrawn, s271 3s4 ST. du-
Ses merchandise entered, $500 $50 05.
The amount Of California gold deposited In the United
States Mint, Philadelphia during the month Of June,
$a66 coo than in Nay the gold coinage for the
month was s3e5324s, than twothrds Of which Is
n double eagles; and only about half many gold dol
lsrs and quarter eagles have been coined In May;
though but proper to that the supply hand
n hese coins Is beyond the demand Of depostors
smpared with the gold coinage Of Iay, that Of June il
about $3.50 greater. For the first time in many
oLths there has been considerable coinage Of large
silver avery large number Of three pieces and
million ofcents. The whole number Of pieces coined
~ the Mint within the month IL two million six hundred
AMI sixty-hye thousand eight hundred and twenty
'syen-of the vslue Of SO 100, s5s.
The sehuJlkil Navigation Company have advanced
the rates u toll to something approxina,ing to living
point. This movement, doubt will prove highly graft
ping to the bondholders Tho from the shipping
points to this city, including cars according
new tariff which Is to take effect the 18th inst
" range between A. and 45 cents.
The following shows the receipts dsburse at
It's fee Of the Assistant treasurer of the United States
., Philadelphia, for the month Of rne, lstl;--
isSI Nay Si-Balanee. ,..,..,.,,,,,,, Sl,s2lslJ 81
sshs So-k,c,ipts:-
lutttms ..,.,,,,....,,.,, sH05e9 10
Tot vHiee Moneys. l5OSi 81
buDd W Interest ON LOans... lol193 We
AlssslIahscus ..t.s........ 35A 10
- +c7,ls7 70
sls92oo3 70
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