The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1845-09-29
MONEY MARKET,


The stock market during the week just closed has
been rather more buoyant than usual prices have adj
vanced several per cent and very extensive sales have
peen made At the close OF week before last the stock
market appeared to be improving very rapidly quota
tons were daily advancing and speculative movement
to some extent appeared be rising After an improve
ment reaching six and eight per had been realized
on some OF the fancies the complexion Of the market
changed and prices fell of little The decline since
has been very gradual and it is likely will be arrested
day or two The advance in the fancy railroad stocks
too rapid and great fears entertained that the
shorts could not be able sustain themselves long in
the face of such a rapid RISE and the bulls were com.
PEELED to let prices droop little enable the shorts to
gather little strength Several of the weakest shorts
broke down upon the advance reached and was only
to prevent more general crash that induced those ha
wing the control OF prices to slack up little. As soon
as it becomes safe again. prices will advance and
should not be surprised to quotations up high
as they have been for several years Every thing is in
favor OF speculation in stocks Money is cheap and
ahundant the rate of interest does rule over six per
cent and any amount of capital Offering at that rate
There is nothing likely at present to derange CONNER
clai matters; our external relations an unsettled
state is true but there little danger any alarming
very prosperous condition and although there has been
great deal said in relation to changes in the tariff the
dsposa OF the surplus revenue &c. there appears very
little probability of any of these important measures un
dergong any alteration The times are decidedly in IA
vor OF steady expansion in the operations of trade and
OF very extensive movement in stocks. There is a
wide margin for an advance in most of the stocks used
for speculation in this market Quotations all hr ough
the recent war excitement steadily fell off, and before
the fever subsidized they touched very low point prices
particularly for the fancies declined many instances
ten and twelve per cent and the first speculative
ment made found quotations SO much reduced that a
short time suiced to prices up very high point
Long slandRaroad within the ten days advanced ten per
cent Norwich and Worcester about the same; Harlem
per cent? Erie fve Reading Railroad three and others
less per cent The next speculative movement made
in these stocks WILL without doubt send prices up as
high above those ruling they above those
current two weeks since Many ofthese stocks are i'm.
proving in real value nearly rapidly they at times
advance The Railroad stocks particularly are almost
daily improving, notwithstanding which the current quo
ations for of them at this moment ten and f
teen per cent below those ruling twelve and eighteen
months since The stock of the Norwich and Worcester
Railroad has been selling, since the regular dividends
Of three per cent have been paid at prices por
paid the stockholders out of the earnings of the road
These things show the slight evidence of value prices
established and regulated by stock Spectators give
We comparative table giving the quotations
ofsome othe stocks used in this market for specuatio
for each day of the past week. and the close of the
week previous II will be observed that in Of the
fances there has been great improvement but the clio
sing prices show falling off fiom those railing early
the week