The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-05-20
MON EY MARKET.

Several of tho leading ances were more active at tho
first board to- day but prices sustained Com.
pared with the closing quotations at the second board
yesterday, Erie Railroad declined to-day u per cent;
Harlem, u; Canton Company al Norwich and worces-
ter a. Madison and Indianapolis Railroad advanced Der
cent 1t certainly looks though speculation in fancy
stocks nearly for the There are no new
buyers in the street and holders find the local demand
daily decreasing The imitation in prices of the past
twelve months has rather than the
supply Of stocks in brokers hands Many outsiders have
avaed themselves Of the opportunity which speculation
among the brokers has given REALIZE and the prospect
at present is in favor of the fances remaining
Of Wall street operators during the summer Outsiders
have been particularly fortunate this season. and 1t is
our impression that most Of them have realized q
moderate profit. We doubt if even the game which is
frequently reorted TO- Of letting prices to attract
outside Spectators, ud work well heretofore
There many more attractive methods of specu-
laton at this moment than fancy stocks Real estate is
destined to advance considerably beyond present prices
and vast amount of capital has been with drawn from
paper securities and invested in productive real estate
Lots at the extreme end of Manhattan Island have
sold under the hammer at prices which would have as
tonished spectators in 1861 Real estate every d
rection in the vicinity Of this city has rapidly
Hundreds have abandoned the fancy stocks Of Wall
street and become deeply involved in lots up
town There may be ruinous reaction in real estate
well a in fancy stock but there is something tangible
bricks and mortar in vacant lots and the lodges
OF rocks which have been marked on maps into lots
twenty-five by hundred that paper securities do not
possess Real estate in this city purchased in 1886 at
prices then currentas cxtravagant they then ap-
pcaredhas been sold lately profit over and above
assessments taxes, interest," &c and have not the
slightest doubt that property purchased this island
within the past twelve months will at any future time
command handsome advance. The increase Of popula
ton ON this island and its suburbs has for time
past BEEN and continues to be, rapid that dwelling
houses and building lots will always be in demand
steadily improve in market value.
At the second board the market still deprcss-
ed. n. J. Zinc declined y per cent Erie Railroad
Hudson River Railroad, ~ There disposition
ameng holders OF Erie to SELL and prices declined from
the opening
To prevent Misrepresentation growing out Of y circular
Of the Canal Commissioners just published the Auditor
states that Canal Commissioner him work
performed contracts entered into prior to the 3ls Of
December 1851 for the completion Of the Erie Canal
largemcnt and the Genessee Valley and Black River
Canals, will be paid heretofore
The receipts at the Office Of the Assistant Treasurer
this port to-day amounted to sos, 900 90; payments
SOS 6G7 l5-balance, S3725375 II.
The steamship Europa, for Liverpool to-day, carried
out S575,113 in GEOGRAPHICALLY silver
The Vermont and Canada Railroad Company have de-
clared dividend Of four per cent the Bartlett Mills
NewbuyPort three and half per cent the Eagle Bank
Providence II. l., three and half per cent
In relation to recent movements in manufacturing
stocks in the Boston market the Journal Of that city
says Manufacturing stocks especially to sympa-
thze with the improving tendency Of the market partly
from the fact of monetary abundance but mainly on
account Of the profitable employment Of the mills
Among those most in favor the stock Of the Bay State
Mills prominent this morning quotations rising from
seventy per cent to seventy nine and haitian ad
vance three and half from previous sales The mills
are engaged in the production Of various styles Of
goods which find ready sae-among which we will only
mention the druggetr imitation Of Brussels carpet
which with great favor and is destined to prove
very profitable article The last dividend of the Bay
State Company five per cent, in February last after
deductng which, the company held, to the credit Of
served profits, upwards Of 100000.
The gross earnings Of the Michigan Railroad Company
in each Of the five months Of the past fiscal years
were annexed =: