The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-08-02
Navigation OF the Ohio River.
MONEY nlARAET.
Sunday, August l--s II. nj.

There has been no particular movement In the stock
market during the past prices have been very uni
FORM and operations have been only to moderate
tent The operators in Harlem have not been able
produce any material changes In quotations. and the
bulls and bears appear to bepretty equally matched
Other ances firm at quotations. and holders
snxiously waiting upward movement. The banks
have made their quarterly reports for August and
there Is nothing present In the POLITICAL financial
commercial world to deter them have dout they
will expand to n considerable extent During the next
thrae months the bulk of the fall trade will be done
and there win be increased demands for facilities from
the banks. Payments to large amount, will be made
from the interior within this quarter and there every
probability of money being exceedingly abundant.
We do not see any immediate prospects Of any specu
lative movement in anything but cotton Unless
unforeseen accident should happen to the grain crops
now the ground there will BIO chance for any
sprculatons in breadstufs; and the only article In
which we think movement of that nature spring
up is cotton. Accounts from the growing districts
almost universally bad and if the injury to the plant
anticipated is realized there will be another short
crop, and OF course a corresponding improvement
In prices 1t is pretty well settled that the crop
coming to market will not exceed eighteen hundred
thousand bales aud sho uld the crop maturing be
anywhere in the neighborhood of that quantity
nothing prevent prices advancing at least twenty five
per cent above ruling rates
The great falling of in the exports to Europe or to
reign ports since the LIST of September last has reduced
the In those ports very low pointthey being
only about onehaf what they las. year at
ponding periods, and moderate demand for
SUMPTION without any increase in the rate Of supply,
would clear out the stock altogether 1t will require
equal in extent to any have had to bring up the
stocks to the point they receded from yield of two
millions of bales or less from the now growing win
will compel the manufacturer to reduce the consump-
ton below their facilities In anticipation of another
deficient CROP holders very stiff, and more disposed
to hold at present prices than to accept them.
The opening Of the fall trade; the prompt payment o,
debts due from the interior, and abundance Of
ney will, withou. doubt promote a speculative move
in every description of stocks and as there ia
margin for Improvement in Of the fancies an ad
OF several per cent will when the bubble gets
fairly inflated, be realized The money market is ut
this moment very easy and the rate of interest
low expect but there is that activity in
the market which will be experienced when
operators in the street. in the shape of brokers
aud outsiders With the present plethora in the
ney market it will be very easy matter to get up
OF those old fashioned specuatons that carried fancy
stocks, not worth Eve per cent, nearly up to par A
combination among few Of the principal brokers would
do it. for the small fry always follow in the wake of the
There Is not however, that facility for indatng the
stock bubble now there few years since Vhon
or two houses in the street could give the market
any complexion they pleased Within the past three
years several houses in Wall street have attained pro
mineocs In the stock market, extent of credit In
financial circles, and reputation among operators for
shrewi and foresight which give them great con
sentative power in all speculative movements and pre-
those immense mutations aud fluctuations In prices
moderate means combination among the most power
full bears aud combination among the most powerful
bulls peutrzs tho operations Of each and prices remain
comparatively uniform There no Napoeons
in the stock market.
The table exhibits the quotations for stocks
in this arket for each day Of the past week. and the
close Of the week previous it will be observed that pr
ces have been very uniform.
QcorArIoss PRIScPAL STOCKS ~ THr NEW