The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-06-06
FINANCIAL AND CONNER GAL
MON Y M A RKR mr..

Money MARE mr.
THURSDAY, June JPN
The sock mSrke. il gradually but steadily no wing
spwsrd. Every day shows . slight improvement IN
p-ces hose current the dsy previous The demand
for absorption exists TO moderate extent and the
ply of stock the market lie not large ~ rs
srce. At the first board, today, Virginia 80 advanced
y per sent; P'nnsylvsnA Coal, u; NeArsgus Transit,
al Eris Railroad, Reading 1; Cleveland and Toledo \.
Delaware and Hudson declined per cont; Cleveland and
nttsours, 4; Chicago And Rock Island Y; Michigan
Southern Railroad, u. The hears End II napossbe to
r!em the torrent and have been enough 20 ats in
most Of their shorts The rapid accumulation going
in the money market must give . greater impetus to
stocks than they have received yet this season. The
has not hardly commenced. From every direction the
most favorable accounts reach The prospects for
more abundant harvest than before knowo In this
country never we're better. From Europe every
brings advees OF an easier 'ney Market advance in
tock securities and active demand Tor 81 our great
sap products sfsctoy prices From California eve
rysAsmer comes fteighed wi about two millions ofgo,d
and favorable accounts OF mining opsratons. Tbs
turn Of peace in Europe has permitted return of i'm
mense amounts OF gold to the natural channels o. trade
and rees:Ablshment pom better basis OF all The real
elements OF sperty For years the legitimate
Of the gold productions OF California ana
Auras have been diverted by the progress Of the war
in the Crmea, and the world not benefited In the
least BY ths annual addition Of hundred million Of
gold TO the currency. 1t drawn from its usual chan
nes Of circulation and scattered broadcast section
Of the world and among people whore much specie
had been before. Much Of this will be
sgan among commercial nations, bu the aak oft
vii in time aud in the course OF trade find its back
again into active circulation and add largely to the basis
Of commercial credits We shall realize within the
two years the actual effect the production gold
which has been going for the past gh. years. a. the
rate of hundred million per year. than have yet
and win not be difficult TO wha that effect VIII
Be. The existence of the European for the time
taized all the effect Of such immense annual increase
In our specie currency There nothing that
see in the way Gifts full operation As the two great
commercial interests of the wo,dGreat Britain and
the United Ssates-accumuase this supply, ~ soon as
the effect of the passes away and the ramiGe atoms
Of again extend the section OF ths world
recently the theatre OF hostile operations shall
abundance Of capital such as the most sangune
dreamed Of! Money is destined to become cheap.
Lower rates OF interest rule than before
known, and the to engage in any enterprise of
feasible character with promise Of ordinary productive
ness, can be commanded at nominal cost 1t Is est
mated that the total productions Of gold and silver in the
world from the beginning of the Christian EA to the
present time amounts TO twenty thousand millions Of dol
duced in California and Australia within the past
eight years. The production Is going ON thou
sand fold faster than previous to the discovery Of gold
In California and Australia. This enormous supply must
work out . revolution In financial affairs. Money must
decrease in value gradually but perceptby It's value
viii become more equaized In different parts OF the
world. Products Of all kinds must become reduced in
value through the depreciation Of the currency Hsa
estate will be affected much anything else, but
landed property-the actual somust increase in acusI
value from its production. We cannot create land;
it cannot DO increased in quantity at pleasure at
expense except where it is redeemed from the water
s value is therefore, destined to increase under
luton in the value Of money. The abundance and cheap
CT money must increase the value Of land does
Of diamonds. With the ability which abundance aud
chsapnsts of money win give greater number of people,
there will DO greater demand tor landed property and
there in fact only certain supply its vaue msst
be greatly enhanced
A. the second board the market fraction
better. GaenA and Chicago advanced 4 per cent; Erie
y; Reading, "a. There was not much business DONE
bat at the close there upward tendency IN prices
and very little stock Offering.