The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-02-25
FINANCIAL AND COMMERCIAL.


HONEY MARK n T..
FRIDAY, Feb. 24-6 p. n.
win tr..aotaons 10 much greater extent than usus
,bs rosh asxkst was not 10 wen sustained day The
dsmsnd vas pretty general and the Illustrations quite
uoderats There indiestions OF rssstion and
the lu d probably merely prelude to greater buoyancy
Rssdipg Railroad has moved up rapidly This influence
4 nom Philadelphia the purchasers being principally
nom that city Some time Anos largo quantities Of this
sook were pat on the MARKET and prices down below
seventy per osnt Parties holding compelled to SELL
ana the saah rates ruled and cant below those
eurrsnt on tine Those who sold them are buying now
a much higher prices New Jersey Emo has improved
IAtsy . fraction. We have not heard anything lately
about the dividend probable that more viii " paid
Gold Hill sold at advance Of per cent, and closed
Arm. Cumberland Coal was rather heavy ct the hrst
board to-day. Morris Canal went up u per
cent; Gold Hill, u; PsnnsylvAnia C,al Company, V;
Harlem, u; Michigan Central Railroad, x. Panama
Railroad dsoi nsd X. Cumberland Goal, Nj Panama
Bonds, i; Canton Company, " Railroad bonis were
heavy. The from California is NOT quits 20 favora
bis financially or commercially % was generally antei
pltsd but the bears Of Wall street viii not and much IN
the public or private accounts to draw consolation
NOM TAe mining intelligence u full - encouraging -
soud have bssa expected for the Season. and the stra
gency in money matters was calculated 70 spsfa mors
- : regulator thea destroyer Of mercantile o. edit
M entsrDriss and resources Of CAtornis great
thst the most disastrous event but temporarily felt
Whassver aim ultiss may have been recently realized Ia
Ban Francisco in consequence Of the reduction In the
produston Of god will disappear the season has
sueisntly advanced to give the required facilities for
vokisg In thu mines The miners anxiousy looking
NJ rain The past season has been unusually dry and
hrgs population in the interior Of California has bssn
idIs This has seriously restricted the demand for
sAasdss prices have consequently dsprscatsd Bu
snsn had bean dull and stocks Of goods on hand
aeeunuattng the effect hsre Of these accounts Il such
shoHld BE- there viii be speedy recovery In Ban Fran
CISCO and return to better times AL that IL required
reduction In OF merchandise from the A.
Ianhe ports to Cllisorna and liquidation would soon
follow that would relieve the money market materially
We do not look for anything serious occurring among the
commercial classes Of California but the contrary
behave that the present strngsnoy In financial affairs
Will have healthy fuencs, and BY acting merely -
wholesome check prevent Of thoss rsvo
luoss which have been disastrous along the Atlantic
slops Of the Union.
fhs Ban Franoisoo Chronicle gives the following account
Of the run upon the banking house Of Adams Oo.:-
On Tuesay evening, January II, ru NOR was eireuis'
I'D In the streets that tue BANKING house OF Adams %.
had failed AZ ridiculous the rumor II found any
number Of md people who g. 70 credence to the report
30 the gubs rushec n crowds TO this staunch old house
dsO.o,s W. asked A. Men Of to .n
amount ready to assist needed Bat they who had
.sd es the
certificate was hOnolsd and Jelv cain counted down.
hsneoop thrown overheard for their safety.
30 the matter prog rssssd A. ave O'Clock p II. about
Two hand "a and nfty dollars each, had been paid:
The whole amount lay between $780, 900 and $500 00o
% for & to psy
lar asked for without accepting the Offers Of asdsaucs
nom their friends We presume the run IL over u Was
. very foolish one; and The whole rumor undoubtedly
aros from the fact that from their shipments
q gold dust had not been reported through the press
Than usual. This viii them inc nveniencs
and scarcely temporary loss There was no cause for II
the private property Of members Of the firm being amply
Their branches throughout the state viii undoubtedly
have pass similar ords but will not hurt them, for
showing balance over iii abiitiss But there VIII bs
loss they who have Withdrawn their fuads will suffer
pcsit It WIZ any BODY ana Il vii aid: through sAs
fingers In most instances foohshly Ohera overjoyed
that they have NOT lost their little treasure win nvts
rissd or two to take drink BY Of rejccng, The
eons-so druni probably 70 The gambling table
usk TO the g.mbIsrs It would b oufteus thing to fnos
how much Of the four hundred thousand dollars drawn
before week. ana how much has sons into the gip Of
Thieves who viii hover around the pigeons that auttsrsa
.ass no. 5 Il: poor "
win feel when they nnd that they Withdrew their funds
from one OF the sAfest houses on the eontnsn only to
pa over Into the hands Of the q nblsr or pslsessioo
Of the thief.
The following bill has bssn tsd In the Assembly Of
This state BY Mr.. Benedict from the Committee Banks
Ysad twice, and committed to the Committee Of the
Whols-
An set to prevent the Reissue Of the circulating notes
Of banks whose charters have EXPIRED or shall hereafter
BE- The cir culatng notes issued By incorporated
iel vhoss charter has expired Of sha hereafter s1prs
basiiDg association OF bank for any puI vhassvsr
rsady expired third part OF It's circulating notes In
year. third part two years. and the remainder in
rse years from the time this sct takes effect and ths
cireustipe notes Of ali INKS whose charters shall here
Aer expire - folows-Ons third part in one year. one
third pst In two years and the remainder In three years
from time the said charter shall expire But this
section shall not prevent any suoh individual banker bank
banking assceaien from presenting to the rustses Of
such expired In orporAed bank such circulating notes Tor
81 Every individual banker and the o6icsrs dires.
tss and sgensa Of bank BANKING who
shsn offend agAfnst the provisions OF this set shall 90
liable to the penalties prescribed BY law for issuing bills
promsscry noes for the purpose OF putting them into
circulation without being uthorised by Law
sse This act shall take ssst the frat day Of Nay
next.
rhs above bill IL intended to prevent those safety fund
banks which have after the expiration of their old char
ta continued butiness under the free banking law from
circulating their cid safety fund hsues We called for
the passage such set several years sinos bat the
legislature appeared to have more important business in
haad and tbs people have been liable to serious osses
Fortunately have occurred from this neglect and It
II not, therefore too late TO remedy the evil
The snssxsd statement exhibits the quantity ami value
of foreign dry goods entered at this port for consumption
for wazehonsing and the Withdrawals from warehouse
during the week ending and Including Thursday Feb 49,
1854