The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-05-18
MONEY MARKET,
Sunday. Nav l7-6 p. MI.

Tho past week has been filed with excitement and
stock Spectators have been in continual of
Quotations for stocks have fuctuated from day day.
and there has been desperate contest between the bulls
and the bears for the control of prices The bears have
had everything their way; and ofwars
have been very plenty, the money market has been
steadily tightening and the confidence of outside opera
tors has been gradually giving way notwithstanding
which prices have boon frm and the bulls have sustain
cd tho market wonderfully. This be attributed to
the very reduced point prices had previously reached
and TO the ability of many to hold. The stock market
was in great degree prepared for the PRESSURE and the
effect not, therefore, great many anticipated
quotations had been steadily settling down for several
months previous and very slight depreciation brought
them to a standard.
Many of the fancy stocks used so much in Wall street
for speculation much below their real value
the event Of proracted rupture in foreign relations
Railroad stocks would not be much deprecated in real
value by collision with Mexico, although at first the
market value might DO materially affected Should tho
money market become much depressed that suspcn-
sion Of specie payments by the banks could not be avoid
ed and suspension should take place, quotations for
stocks would advance at fifteen twenty per cent
and everything else connected with finance and COM
merce would become inflated to great extent Be-
fore such point reached. before the banks
compelled to resort to the alternative Of suspension
which would result in the ruin of Thousands.
Fortunately, however. for tho country, the CONNER
cia classes extended their operations far beyond
their immediate resourcesthey have not yet got under
great headwsy and have been able to contract without
producing any serious revulsons in commercial affairs
Had credits been much inflated, and had speculation in
any Of staple products been carried to any extent
the effect Of tho accounts from the South would have
been most disastrous. There would have been such
no doubt immediate suspension of specie payments
would have been the only alternative.
Prices for every thing were, the contrary, very
much reduced Provisions, brsadstufs cotton, and all
staples ruled very low and fancy stocks particular
IT, held at the lowest points Stocks which year
ago were selling at eighty and ninety per cent
held at forty and fifty and similar contraction In all
other things exists We not therefore, unprepared
for the blast which has swept through the country and
II IL well for us that the approaching storm Its
effect will consequently be less injurious and shall
be better able to meet the demand upon necessary
to ensure speedy and successful termination Of the diff
fcultes with which we are at present surrounded.
The anxiety for further intelligence from the scene Of
strife is most intense. The suspense under which we
sboris than the most unfavorable reality and
til something definite and decided than VIC have
yet received comes to hand there be partial sus-
pension of business The absence of accounts leads
every into the most alarming anticpaons, and the
dangers and difficulties magnifed and daily increase
in strength There many who do not feel disposed
to believe one half Of what has been received from the
seat Of war; and continue their operations perfectly in
different to the reports in circulation and totally ndc
pendent Of tho general opinion II their nncipations
prove correct they will reap rich harvest and their
confidence will give them fortunes, while reverse now
will not DO attended with results disastrous expert
enced when the from the Rio Grande first came to
hand Should the next decided accounts be favorable or
even that received be partially confirmed tho stock mar
kct would be greatly relieved that prices would aa
vance with the greatest rapidity while, the other
hand anticipate any very bad effect upon prices
Of many stocks upon the receipt Of bad news The mar
ke is now in position feel the influence Of favorable
adviccs from any quarter, without being much effected
by any thing Of an unfavorablc character
We annex our usual table Of comparative quotations
for the past week. Compared with prices current
last Saturday there has been falling of Of seve-
raj per cent but Monday there has becn very little
change and in several instances there has been an i'm
provement in the rates.
QUOTATIONS THE PRINCIPAL STOCKS NEw