The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-01-07
M o N e Y M A n X Z II.


There considerable activity in the stock market
to-day. All the fancies have taken start upward and
the indications Of speculative movement Of some i'm
portance are daily becoming stronger The sales TO-
day. at the first board larger than the aggregate Of
the previous three days There is better demand for
all the leading railroad securities Harlem was quite
active and time sales show handsome advance Erie
Railroad rapidly recovering itself Canton Company
has been more favoraby affected by the state Of the
money market than any other stock the list but
have little confidence in this fancy and advise outsiders
to keep clear Of it, Its fluctuations have been sudden
and great that moderate margin has been used up
at one swoop. New jersey Zinc was in active demand
TO- day Most of the purchases for permanent IN
vestment, and are to out Of the street. The RISE
progress productiveness, and profits Of this company
are likely to exceed anything of the kind ever
knewn in this section Of country. The manu-
facture Of white lead has been immensely profit
able but the manufacture Of zinc paints bids fair to be
still greater This fact only known to those who have
Investigated the OF this New Jersey COMPANY
and the recent advance In the market value Of the
shows that they have been turning their knowledge to
good account. Reading Railroad has for several days
past been steadily improving. Nothing is definitely
known about dividend and spectators do not
care much whether the company declare not Nor
wich and Worcester mas not moved much either way,
since the publication Of last years business compared
with the year previous.
At the second board the market was comparatively
quiet and prices dropped little New Jersey Zinc, fell
of u per cent Erie Railroad, d Reading Railroad u.
There were numerous reports of failures in the street
to-day, but there truth in most Of them Several
small houses have suspended but they Of little i'm
portance. It is strange that business will give
rency to rumors affecting the credit Of others These
reports frequently originate with competitor in
those who have their bruited about in this way.
It is difficult to trace these to the original source
and those who start them therefore, punishment
Parties interested find out full soon enough when
failure takes place. without giving reports publicity be
fore the truth or falsty is known.
The Message of the Governor to the Legislature of the
State Of New York gives a condensed exhibit of the
public finances 1t appears that the States indebted
ness at the close Of the last fiscal year. 43
showing reduction, in the past year, of eight hun
dred and forty thousand dollars The amount Of money
in the treasury the 3Oth Of September, 1851,
$lss7o4 25 belonging to the different funds-balance
in favor Of the general fund $1553 ST. The system
of taxation rather of valuation of taxable property has
worked most favorably In 1850 the entire real and
personal estate assessed at 5s3 in 1851
the total 0c0-being increase Of nearly
100000 This, Of course, gives greater from
the hslfmill tax The amount derived frem the canal
revenues, during the last fiscal year S3722l63 IL
being increase Of 81 over the receipts of the
previous year. After deducting the expenses SUPER
intendcnse and repairs and contributing 100000
for the support Of government, and $i,65O,0oO for
payment Of interest and reduction Of principal of
State debt, there remained surplus of s96l 1872 81
applicable to the completion Of the Erie Canal enlarge
ment and the Genesee Valley and Black River canals
The receipts at the office Of the Assistant Treasurer
of this port to day. amounted to 1921 4o4 payments
S62 OILS 97-balanoe, Sl,4e3517 Al.
is officially stated that the earnings of the Hudson
River Railroad Company, in the month of December,
amounted to $1120eO.
The gross receipts Of the Little Miami Railroad
S4S1 e45 SO in 1851 against $4C5697 "a In 1850 The
net earnings were:-Eor 1851, $297,45 81 for 1850,
22S 4os 66-diTerence in favor of 1851, $40 9sS 81
The Merchants Insurance Company have declared q
semi annual dividend of six per the Washington
Insurance Company, a dividend of Eve per cent.