The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-06-22


The stock market still continues very feversh and I'm.
settled Quotations for the stock Auctuae from day
to day several per cent without any visible At
the old board U s. Bank declined per cent Ohio IS il
Long Island p Norwich Worcester Reading Railroad
H. Vicksburg advanced II per CT Harlem L. Paterson 2;
stonington !, Canton Co.. Farmers Trust, Illinois and
Kentucky 6s closed at yesterdays prices At the New
Board the sales were very small and prices little below
those current yesterday. Long Island fell of per cent
Harlem 81 Norwich II, Ohio 6s l. Farmers Trust and
Canton Co. closed firm at yesterdays prices.
The position Of the stock market is anything but en-.
couragng Prices are gradually sinking, and the diff
cuties OF those owing differences daily becoming
greater The bulls and bears in the street striving
the ascendency and the state Of prices for the next week
or two depends upon which party proves the strongest
che bears along about the middle of July will be mater
ally aided blythe movement ofthc banks curaing thei
loans and discounts 1t has recently asserted
the banks OF this city loan dollar fancy stocks
ut that nothing is received but bona lie State securities
There truth in this statement We know of several
banks in The street which have loaned veryargey onLong
Island, and if that stock is not fancy, should like TO
know what is The banks have found difficult loan
their money fast they wanted to- that they have no
been very particular to the security provided it had
price in the market the value for the moment, hut
secondary consideration If the market price of Long
Island "a per cent loan it, demand at so, would
rer cent in day, and they could probably save them.
selves the remaining TO- The Wall street banks have
oaned very largely on fancy stocks, any statement
promulgated by the bulls to the contrary not.
withsanding 1t is for the interest of those who
get large loans these stocks, to prevent any ex.
posture being made both for the interest of the bank and
their own in keeping open the resource and exposures
are made from source get contradcted in Others
but this does not alter the facts dsabuse the public mind
or satisfy the enquiries of stockholders The affairs of
the brokers mingled with those of the banks of
this city that it very easy to tell how they stand The
brokers are financial thermometers regulated by the
movements of the banks up to-day and down tomorrow
news by the steamer has had favorable influence on
cpated very great change for the better Immediately
after the arrival but what they founded their hopes it
would be very difficult for themselves to tell
The effect of the late intelligence from Europe in rela
ton to the cotton market begins show itself this
side We learn that several large houses among which
are brokers' who have represented themselves commits
sion houses acting between buyer and seller but who in
TACT have been large operators their account
are on the verge OF bankruptcy Several street specu
latos have sacrificed their stocks for the advances and
disappeared from the market. The suspension men.
toned few days since has resulted in and out
failure, from which there is hope of recovery the
amount of Liabilities daily increasing and every far
thing decline adds thousands to the losses The decline
that has taken place in the Liverpool markets, within
few weeks prior to the sailing of the Acadia, was
much larger than could have been anticipated We
the quotations current Liverpool for several weeks
prior the 3lst of May taken from authority that the
worst bull or bear in the market cannot question.