The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-09-13

Sunday, Sept. l2-6 r. M.
The week just closed has BEEN, In many instances
very evsntful Stock spectators have had very
Acuvs exciting time and financial circles generally have
oeen much agitated. The failure of OF the leading
houses in Wall street created for the time consdera
Die sensation but events in that vicinity follow each
other in such rapid succession one remains i'm
pressed upon the mind for any length of time The
stock MARKET during the past been subject to
several serious revusions out Of which the BEARS
usually the case, have come unscathed Our anticpa-
TONS relative to the result Of the imitation rapidly GO
ing at the time in the leading pcies been real
lied 1t invariably happens that the decline more rapid
than the rise and prices generally reach lower depth
than that they started from. We are pleased to
learn that very few outsiders have bsen drawn in.
to any Of these fances at the high prices current
but on tho contrary many of this class OF operators
have taken advantage of the imitation, and thrown
upon the market all they had Thousands Of shares
have thus been added to the amount previously
in the hands of spectators in the street. which
press heavily upon the market particularly in the event
of money becoming and the rate of interest ad
vancng The brokers cannot carry the immense amount
Of stock any length Of time and In the absence Of
ay speculative movement prices cannot be maintained
As regards the complexion OF the money market and
the effect upon the stock market any reduction in the
supply floating capital it is impossible at present to
form any opinion Everything depends upon the nature
of intelligence from the seat of and from Europe
and until get definite and decided advices from those
sections financial operations generally must DO based
upon uncertainties We, however, anticipate the most
favorable reports relative to the prospect peace with
Mexico and regards the position Of commercial az
fairs in Europe The greatest anxiety exists for farther
accounts, and many branches of business have been
partially suspended until later advices come to hand
1t is impression that have heard the worst from
ha of hers nj
favorable reports regards prices aud unfavorabls
reports regards the harvests will reach The potato
crop likely to be deficient than that Of last
while the increase in the product Of breadtu Is by no
likely to be sufficient to make up the deficiency
in the aggregate At the date Of last advices prices
for flour and breadstus generally ruled low that ship
ments from the United States made at the lowest
tations ruling here could not be made prodtably not
wthsandng which the weekly exports of flour, wheat,
corn &c., have been large not comparatively large but
unusually large under the circumstances These ship
ments have been made without doubt in anticipation Of
favorable change in the English markets 1t must be
bone in mind that the tremendous decline In prices for
breadstuas in Liverpool and London the result Of
three important and influential causes, which coming
together could not be resisted We alude first to the
advance in the rate interest the Bank OF England
and consequently increased tghtness in the London
money market second to tho immense quantity Of
tain, throughout the month Of July, from the United
States and from the continent third the favorable
prospect relative tho Of the United Kingdom
all these things combined could not but have had
favorable influence upon prices and the decline In the
face OF these facts IL not in the least surprising
1t now remains to be to what extent these
things still exist We immediate probability Of
any improvement ia the London money market; there
many local for its strngency that there 10
no way to alleviate it The railway movement must
have its course and when that subsidies capital viii
find Its way again into the channels Of commences
from which 1t has been withdrawn. Every thing
must for the present give way for that mania,
which In its progress will ruin thousands individuals
but add immensely to the aggregate wealth Of the
try increase very much the facilities of trade and tend
to rapid development of the Of the ma
ton than would have been realized in ages under other
circumstances. The tendency Of all movements similar
to this partial evil for universal good SO far the
influence oflarge receipts Of foreign -four and grain upon
prices in England concerned there is no longer any
cause for apprehension the shipments from this cdun-
try and importation into England having fallen of most
materially This cause is, therefore, partially removed
The last and perhaps the most important Of the
three may for aught at present know to this con-
trary still exist that the favorable prospects relative
to the harvests Much depends upon this We might say
everything depends upon this for without an average
domestic supply Of breadstus prices must advance,
matter what the state Of the msney market may be-
what may be the effect upon the of the Bank
of England, or upon the currency.
We shall know all ABOUT these things when the Bril-
tauna arrives She has been at nearly nine dsysand
will be due about Saturday next, with sixteen days
later intelligence from all parts Of Europe We cannot
resist the impression that next advises from. the
other side will be much more favorable than the last
both regards the financial those en-
gagged the trade regards prices for our prn
cipal exporting staples particularly breadstufs few
days will settle all these questions trust to the salts
| faction of all those interested
The annexed table exhibits the quotations in this mar
stocks each day Of the week. and at the
close of the week previous The fluctuations in some
| Of the fancies have been very great
| QuorArIsNs YoR THE PRINCIPAL STOCKS IN THE NEv