The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-05-08
M o N e Y M A n X e II.


The most active fancy the list, to-day New Jer
sey Zinc which advanced u per cent, with large sales
Erie Railroad in demand at improvement of Il
per cent Harlem fuctuates strangely The company
have most encouraging prospects, and the earnings al
ready equal to dividend of six per cent the par
value Of the stock notwithstanding which 1t is imposs
BILE to get up speculation in shares and the bears a
pear possess the power of depressing it at any time
and as much they please Reading is much better
sustained than anticipated Lately the stock has not
been very active but the bears have about concluded
that the time has not yet arrived for collapse Nothing
in the world but the easy state of the money market
tans this and most of the other ancies the list
Norwich stoningon and Long Island remain the
previously reported Nicaragua advanced to-day u per
cent. The steamship Northern Light for San Juan
rd out nine hundred and fifty passengers for California
This has given holders of Transit etock confidence
and removed whatever anxiety might have existed to put
stock on the market Edgeworth has improved "a per
cent, and closed with upward tendency. There is
very little Of this stock the market.
At the second board the market not buoyant.
New Jersey Zinc declined 4 per cent; Canton Company
q Erie Railroad 1a Harlem a. The sales Of each
amounted only to few shares These sudden changes
in the market ominous. They indicative Of a
weakness the part of holders and should by
be lightly considered. Some day of these sudden
changes may be large enough produce panic aud the
scenes of last July would be acted again Opera
tors in Wall street have not forgotten the suddenuess
with which the put upon the money market
at that time. In turn there almost revu,sion
No one knew the at the time The scarcity of mo-
ney asted about six weeks, during which time fancy
stocks fell off ten and fifteen per cent We know the
day the hour when similar movement will be again
experienced.
Adams & Co. have made arrangements to deliver, in
any part of the United States Of the world
charge three cent pieces from the United States Mint
Philadelphia, in any sums from $50 upward. The object
Of this to the many demands at their Offices for
this convenient coin, which heretofore they have been
unable to supply. BY rcmtting the money to Adlms s
Co. in this city Philadelphia the coin will be forwarded
to any place free Of charge, and at their risk This
coin rapidly taking the place of the clumsy cent piece
and in short time the old copper coin viii only be re-
quired for the smallest payment There has already
been very large issue Of three cent pieces and the Mint
is turning them out at the rate of about million piece.
per month Adams & Co. deserve much credit for their
efforts to get this coin into general circulation, and
hope the liberal offer they have made will be duly apprc
ciated
The receipts at the Office Of the Assistant Treasurer Of
this port to-day amounted to sos, 400 81; payment
$27 ,0T 0S-baancc $3.5S60o2 49,
Later advices from California must be at hand.
later than those brought down by the last steamer 1t
the impression in Wall street that the next arrival of
gold from San Francisco will be much larger than
any previous shipment this year. Thus far this year
receipts Of gold have been equal to last Private let
from San Francisco give the favorable reports
Of the of miners and the arrival of gold
that port from the interior which, if confirmed by the
next steamer, will give impetus to emigration, and
to shipments Of merchandise to California markets. Al
vices recently received from Australia full extra
ordinary and astounding those first received from Cali
forna and it is equally evident that the result of the
diggings will nc full great. With production of
vonty to eighty millions Of gold in each country per
num- 1t is utterly impossible to form any conception Of
the effect upon all the old systems Of finance and
merce. We have no data upon which to make estimates
draw differences We cannot look back and argue from
old theories established facts but eyes must
be directed to the futurc-to events they passto
enable arrive mt satisfactory solution of this
important question