Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1853-05-04
NEW YORK. April 80.


MoNEY MARKET.-The stock market has continued
very hnoyant during the week. and prices of de-
efiptions have continued advance. The railroads
and all connections with transportation show such cy
dent increase Of solid prosperity the hope
OF larger demands for investments. The costs of the
railroads now in operation and those being constructed
with iron already purchased. will doubtless be such un
der any new ones that may he constructed, and they
Will should prices continue relatively to rise the ba-
SIS al depreciation OF gold, he Ultimately far profit
able than those constructed on the new level of cost
his an element which should Justly fix the attention
ct those who invest permanently. The investments
abrond in the United States stocks continue on scale
which must ultimately remove from this market n con-
siderable portion OF the stocks held and within six
~ days the pay out s. 900 900 on the
i've per cent stocks of 1888.
Money continues very abundant at per cent call
and per cent good paper tho banks discounting their
receipts he pressure OF the last sixty days will we
tra,, he lasting lesson the New ! ork merchants
hrou the action OF the banks, the mercantile classes
nave IN extra interest and fall in prices, been ycimized
several millions of dollars and is time that some def
ME action was tnken to prevent this violent nctuation
OF the currency, which places the weGre of many men
IN jeopardy 1 he effort indeed, has been to check i'm
Pots anu promote exports to an extent which must have
an important hence upon the future safe of he mar
hets. frIces have been forced down too point which
vors exports and clears the market of surplus stocks
atory to the receipts of the stocks v cannl md
lalroad. The consumption at home is active and the
money market abroad progressive. and the Who'll face
compensate or the reverses of the first quarter of the
YER.
DRY dooDs-Fhs lyces which les h US bv the
seaei arc oi CT aracerto support the value of most
pools nc" here particularly for British. The hgh pr
cs tor raw materials and the growing value
raising the level of cost for a dissertations of cod.
ana although the mportatons have been large for tbe
season. the rates nre now much firm than on tbi.
day last year, when, although the tation 70, Ami;
had peeniess than for the month of the previous
drnDDpd he
then low and joboers had becom mporters an exen,
which contlicted extensively with the oaerpco Of ,L
regular importers; and with very cheap money and
very cheap raw materials there then no sure foam.
aloh or permanent prices. This has been changed to
sumo extent money. labor and raw materials nil noint
now to higher money cost for goods and ma cansa
quence no depreciation in value of staple stocks le an
and The goods entered for CONSUMPTION for the 6rt
tour months OF the three years. January lst to Nav
Isl are as follows: for
Total. "a 042 795 90 O39 O57 90 100 Goa
fLouR-A better demand has prevailed Err Western
ma state ionr since our last publication Southern
mas arrived sparingy. and the stock is mucb radn.a
consists mainly the better grades these have been
IN good request at improved prices in nort for -; |
pool an London maj kets part;cularlv brron1 ,.i
the Australia ana South American trade We 1eor |
to'n 'ne south that their stocks the principa shin
ping ports are quite light and owing to the absence of
supply "i " neat their supplies be increased
ana are iikeiy TO be very limited ere next harvest
he demand is very limited and prices f,vo, |
buyers The sales of Scotch Pig this week do no,
coed 700 tons at $33 1874, 6 months. ~ NV eN
NAlLs-Cut nails have declined to 4Ic.
'hAcco-l ne market has been less active this yeeL
Ia ast out prices are steady. We motto. sales Of
10 hhds, hentnckyat 81 SIC; 200 cases Ohio and
n oo. Eo SEED Leaf Zoe so do Connecticut,
o @oc, 90 DO Florida, Ice; 100 bales Havana Ok
u o"c' o0 do Cuba, % 23c. Mannfac,ured T',hoo 80
va Is NOT very active, and prices are very heavy