The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-01-12
FINANCIAL AND COMMERCIAL.
n ON EY NJ lar X z r


TUESDAY, Jan 11-6 Pm.
There does not appear to be the slightest falling of
the demand for stocks any depreciation prices,
Of any importance. Occasionally some fancy, after
having been considerably inflated, will react rac
tion or SO; but as general thing, prices have for
some time past been well sustained. Operators in
the street looking for even greater activity; and
as money is daily getting cheaper and more abun-
dan there is certainly foundation for their anticpa
tons. The expectation Of specie has nearly ceased
while the importations are likely to be larger than
ever. From California the receipts will, without
doubt, be much greater in 1853 than they were in
1852 while there are no indications Of any increase
in the shipments. An accumulation for five or six
month"; at the rate of five six millions of dollars
per month, would have an immense influence upon
prices, and create an active speculative movement
in almost every species of property. Nearly every
year since the discovery of gold in California, the
shipments from this port to foreign countries have
been quite large. In 1848 the aggregate was
$ll 034,7s6; in l849 81 ,sO3 450; 1850, $9952 94s
1851, $40, 743 2O9 and in 1852 $25 O96, 55, making
total Of s94,63O,64S in six years, averaging
sl5,77l,775 each year. When it is considered that
the early importations from California were quite
limited, it will be seen that very large per cent
OF the receipts Of California gold has passed
through our hands into those Of foreigners The
effect of this has not thus far been Of an unfa
vorable character. We have added more or less
each year to the metallic currency Of the country
and our paper currency remains upon as good and
firm basis as at any previous period. We have
therefore complaint to matchmaking to find fault
with. The prospect is encouraging for greater aug
mentaton Of metallic wealth this year than we have
yet experienced and the probability is, that instead
Of the expansion in paper credits increasing in
greater ratio speculaons progress and enterprises
become developed, the supply Of specie for basis
will grow rapidly, and that at the end Of ano-
ther twelve-month we shall rest upon more substan-
tial foundation than at this moment. In January,
1852 the expectations Of specie amounted to $2S6S
95S Thus far in the month this year. the exports have
been less than one hundred thousand dollars, and no
shipments of any Importance are, we believe, in con-
temptation Last year, at this time, sterling ex
change ruled between ten and half and eleven per
cent. Now it is below ten per cent, and likely to go
still lower This is very favorable feature, indica-
tive of great abundance of money, and q steady i'm
provement in the value of the circulating medium of
the country at large 1t is our impression that the
metallic currency of tie United States at the close of
the present year, will be at least thirty millions of
dollars greater than at this moment. Whether the
issues Of paper credits by the banks will continue at
the rate realized within the past year or two depends
q great deal upon the confidence of the public
The variations in the stock market at the frs
board, to-day, have been as follows Nicaragua
Transit declined per cent; Cumberland Coal Co.,
4; Long Island, I; Stonngton, I; Reading Railroad,
l; Panama Railroad !. Parker Vein Coal Company
advanced 81 per cent; Phoenix Coal Co., Z; Norwich
and Worcester, /; Indiana SIS, /. At the second
board Phoenix improved 4 per cent; Sixth Avenue
Railroad, !. Erie Railroad declined per cent; Read
ing Railrod, u.
The receipts at the Office Of the Assistant Treasurer
of this port, to-day, amounted to sl7s,l93 33; pay
ments, $27 ,424 5l-balance, $,2,44l 1857 SO.
The importatons into this port to-day, January
18th, have been as follows -
Collects casks Drugs-20O boxes camphor,
200 barrels gambia, 100 bags sago, 6S bags cubebs
/ sc cases gum copal. DyewOod-22 tons lOgwood
Dry goods-l,s35 packages, per steamer Baltic
Fruits 900 oranges Hides-l9 bales cow, "a
bales buffalo. Horns - $3.50 Buffalo. Molasse
--258 casks, AZ tierces. Rattans-8,543 bundles
Steel-29 cases. Segars-4 chests. Spices-491
boxes cassia, SO boxes nutmegs, SIT bags pepper
Tea-400 boxes. Tin-564 slabs. Zinc-5,75 bars
Window glass-99O boxes.
The steamship Baltic, from Liverpool brings fou
days later dates from all parts Of Europe but ther
is nothing interesting important There had beer
no variation of consequence in any Of the markets
either as regards prices or demand In fnancia
affairs everything remained quiet, and without
change.
The Legislature of North Carolina, at its late SEES
sion chartered no less than twentynine plank road
companies, and ono company to build a railroad
from Fayetteville to the coal mines. Three new
banks were also incorporated-at Yanceyvile, with
o capital of 100000 at Elizabeth City, with
branch at Greensborough, capital $500 900; at Char
lotte, capital 100000 The capital Of the Bank O
marlborough was increased 100000.
The last annual report of the Reading Railroad
Company gives the annexed exhibit of receipts and
expenditures for the year ending Nov. 80, 1862
PHILADELPHIA AND READING RAILROAD
/ Receipts
Travel 155,l64, equal to SO, SO through pas
, sengers ........:. s1ss 4ao %
| Freight on merchandise, 10 1850 tons . las es3 al
Do. on coal, 9l2 tons, at 81 80 p 100
,, cents ...,;....................... 2,15oe77 II
unteu states man ..................... $685. n
hseehansous receipts .................,. 1859 81
50 48O Cog