The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-04-03
FINANCIAL AND COMMERCIAL.


HONEY MARK EFT.
SUNDAY April 24P.M
The week closed yesterday dull and depressed far
the stock market concerned We have not such
heavy, gloomy day in Wall street for long time
The bears were, however, in Ane sprts and seemed to
enjoy the mshaps Of their opponents in the sd Of
uations Quotations for nearly every stock the list
good bad and Indifferent closed decline, compared
with those ruling At the close Of the week previous
Stocks generally have been active but the demand
fined entirely TO the street. and the brokers have AL the
buying and selling among themselves Outsiders hardly
dare make their appearance in the street. and keep at
very safe distance There number Of for this
depression in stocks. The frst and perhaps the most
powerful Is the growing sringency in the money market
1t Is the impression among fnancers that the banks
have been, for some days past contracting their
regular line Of discounts This is possible and very
probable, As the pursued by these institu-
tons never has been very consistent for any
length of time. We should not be surprised at any
exhibit they might make The demand for money has
increased faster than the supply from all Sources and
the street rates have therefore advanced considerably
The outward movement Of specie has lately been limit
ed but the subtreasury has drawn pretty heavily upon
our supplies and kept the banks under They
have been compelled to be cautious, and the probability
is that they have reduced the of loans These
checks have wholesome influence upon the operations
Of finance and commerce. and but for the frequent
fractions which have lately experienced we should
without doubt by this time have been In very danger
state of expansion and perhaps in the midst of
rous revulson These luls pauses in the creation of
credits give time for lqudation and short period of
inactivity tends materially to the reduction of liabilities
The position of European affairs and the condition Of
things in California, counsel caution, and the
cial classes by disposed endanger their
existence by rushing headlong, hecdessly into opera
tions which may prove fatal We glad to see these
checks and believe they to postpone and perhaps
prevent the of those financial revolutions
which hitherto have proved disastrous.
There has been business than usual done during
the past week at the mining board The stocks chiefly
dealt in have been North Carolina and Parker Vein
Prices have generally declined since Monday which
Of to the general decline in all securities North
Carolina opened Monday at AZ and closed yesterday
afternoon after rallyng at "A 1t has been the most
active stock the list in consequence Mr. Borneos
experiments for extracting silver from the 1t
currently reported Wednesday that he had found
81 800 worth of silver in each ton OF ere; it be
presumed however, that this statement not gene
rally credited such unexpected accession Of value
would have made difference of than quarter in
the price Of the stock Gold Hill has been steady during
the week; selling at Monday with the dividend and
at 3% yesterday dividend off, McCulloch has Huctuated
good deal At the Mining Board the bid has generally
been e but at the Stock Exchange has bid every
day this week. believe, and sales effected yeser
day at tx cash and TX buyer co. Lehigh has dropped
from 81 to 81 but large quantity of stock has passed
into the hands Of Philadephians and there il but little
offering in this market Parker Vein has declined since
Monday Should the next news from England prove ia
vorabe to operators, the solid mining stocks will soon
recover their position the list.
The receipts at the Office Of the Assistant Treasurer Of
the United States for the port of New York. satur
day, April $191 224 49, the payments amounted
to $7S 292-eaving balance hand of So S4s o.
The expectation of specie from this port last was
only to limited extent viii be BY the annexed
statement -
SHIPMENTS SPECIE FROM TIN PoRT OF new YORK
Steamer Washington Bremen, Am gold bars $3.50 4sa As
!" gold sill coin. 59,7l0 90
Brig Orinoco, Nuevitas, specie. .......... 800 90
Brig Putnam Carthagena, five francs. ..... 551 50
schr. Heinrich Aquadilla Am. specie. $4,000 90
: Io.al Ior tne week $50 oss w
Total this year. 80 Sel, 634 40
The steamship Pacific has no specie on freight.
Mr.. A. H. Nicolay's semi-weeky sale Of stocks and