The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-02-12
M D N Il Y Nj II X r. Il.


We have change in the stock market 20 report to-.
day. Prices remain about the same, and the .ranssc
tons continue large usual The large shipments Of
specie, doubtless, tend to keep the market quiet.
expectation Of million OF dollars per week ia gold and
silver, Is by calculated to give speculators
much confidence in the future os the stock
market specie goes abroad at this rate az this early
date what to expect the when
importatiOns increase, and large balance has
cumuated against our foreign trade? The ship.
ments of specie from this port in the early part last
year, comparatively small and became large to-
wards the middle Of summer whom payment
CURED for spring purchases. Similar movements
will probably be made this year. but II as great in
the early shipments is realized this year as
last the aggregate export Of specie from this port for
1852 will be sixty millions Of dollars than forty
millions This doss not look favorable for expansion
in quotations for fancy stocks, and i. is pro-
bable many holders will realize at present prices,
in antici patton of depreciation. Il the i'm
preston in Wall street, some weeks since, that
after short time shipments Of specie would nearly
but the prospect at present is very "a. from being
satisfactory The shipments thus fer this yea, amount
to five millions Of dollars, being larger than
exported in the months Ct January, February, and
March, last year. The total shipments in February,
1861 only 81 007 csc The Niagara to day carried
out $9sss6o Last Saturday, the Arctic carried
out upwards Of mion and the probability is that tbs
Pacific next week. will take out full million At this
rate the total export for the month will be than
our millions of dollars In January 1852 So 900 600
- shipped, which, with the estimate for February,
'Sht millions for the two mouths, assins: two
ru 49,. hundred thousand dollars 70. the sams
,o.h ,. This Is a bad beginning, and the
sth. c,oo ". If our receipts from Cali
fornia increase in proporti. all WIN oe vel enough
IT is possible such result m - .0A"a "" Hs'e
great faith in the arrangements Aoou psihs Msoe "A
California, for greater productions $50 A.N
believe they will prove successful. N".H ~epsnaS
upon this, for without increase in u receipts
from that source, shipments will exceed Se la-
ports In 1851, the receipts Of gold dass 81 sS1s
port from California amounted to forty Eve millions OF
dollars and the aggregate shipment Of specie from this
port all pa,ts Of the world amounted TO nearly forty
four millions, showing excess OF receipts over
shipments Of about one million o; dons-s, It will
be seen by this that there was 6 yesy small
margin, and that the expectation, thus far greatl5
exceeds the importation The movements et pre-
csus metals exert o great influence On financial
affairs generally end 1t is therefore, interesting 70 watch
the pgrees and cgress Of specie from month 20 month
Another steamer from California will be due about estur
day. Considerable anxiety is manifested TO learn the
amount Of gold dust she will bring In the event Of tho
rum being small We may look Tor serious decline in
quotations for fancy stocks.
The variations In the stock marke. today we're quite
moderate At the fret board Delaware and Hudson ad-
vancsd 4 per cent: Norwich and Worcester 4; Erie
Railroad "a; Reading Railroad, x. We have actual
decline to report in any Of the fAncies A. the
board, the market was little more broysrt and prices
slightly improved. Reading Railroad went up Z per
cent Erie, H.
The receipts at the Of the Assistant Treasurer Of
this pert to-day, amounted to $l2o,osc payments
$l0777 70; balance, s3,2iS,sei co. Judging from the
large receipts daily at the Custom House the nporta-
tiops this month are likely to be very large.
pretty generally understood that no chsnge rot
in the system Ct levyiDs duties will be made in the
present ari during this session Of Congress. The
recently taken on the question CT substituting specific
for Gd rciO,tm duties Of such decided character
that It was killed outright The fact is the vAng ola
few overgrovn scky manufacturers has lost It's effect
No believes the gloomy accounts pu: forth by tho
organs Of the cotton lords Of Nsw England aud they fall
stborn Members Of Congress have wisely determined
to let well alone They have adopted the only way
building up the great manufacturing interests Of this
country upon solid substantial basis By sTordirg no
liberation than that guaranteed by the Of 1885,
they give psrnanency to tho,e interests which have
strength enough TO get good start. The tariff, Il
now stands, gives all the cid and support necessary to
insure success in manufacturing pursuits naged vita
proper regard to economy g. and at tie time t
has no protection to withdraw that would in.
jUre any class. This IS Just as It should lie.
Any great interest depending entirely upon the
uncertainties OF legislation is safe aud those
involved daily in dagger of ruin The only true
safeguard for manufacturers is an entire inde-
pendence Of all legislation. When they established
upon that basis they will become prosperous and per-
msnent and not before. Notwithstanding al shat mas
been raid about the leases manufacturers have exps
Iienced 1t is our opinion that at this moment through
out the Union, they in better condition
We refer TO the aggregate nerh south, east and west
II MT astounding that the great big bostld ulauf-
turrs companies in New England should De IN pre-
carious position hopelesy, utterly iasoivsut Their
extravaganza Is enough to ruin any branch % busins
and protection amounting to prohibition would net
save them from bankruptcy What use is 6are in -sa.-
ing aid ard support to sEch people Many OF the com
paries referred TO- thtse that grunbe the mos. about
lorer &c, pay annually or salaries, ccmms,ion- tuf
other items ofexraTsgsnce amount equal Is three an
four per cent on their capitals Every director s some.
relative employed in useless ohice created Of
purpose to sustain, In comparative d,enscs c,me one
incapable OF earning half much 10 sry othsf way
with the many abuses prac!5cd il the marogansns cf
there concerns, It Is the very unessssu &c Of avul-n
70 CONS regularly before Congress and almost 6rzn.
greater protection than tsry enjoy Phsy neyes,
,etaid and IRE continually asking for rhf.-
nave rcsiEed their aetus for this session. .. al events
ol,lei dividend Of Ave dollars per share
The Astsr Ipsuranoe Company have declared dly-
Tbc notes OF the Lumbermqa' . 8ans are redeem, T.,
usual az oli ths bftAen " Wan street The a9eney ha
been removed from Albany % Troy
IRE seventeenth annual report OF the W,,.err
read Company Of Mashachueetts givos the auness5 a..
November 80, 1881 = 'A"''@
WFsrrav sAuao4p Cosp,v7-ls51
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