The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-02-28
MONEY MARK .T.


saturday, Feb. 27-6 r. M.
The stock MARKET, for several DAYS past has bean
rather quiet and prices have remained without any ma
teria alteration although the tendency has been down
ward 1t is impossible to get up any extensive move
msnt the fances Notwithstanding the strength of the
parties holding them One or two stocks Morris Canal
and Illinois State Bank) have steadily advanced in the
face Of limit ed operations but collapse has already
taken place in the former and we look for reaction in
the latter Notwithstanding the actual value of the stock
is much beyond present prices If there is any truth
in the statements recently published Good State
stocks and other investment securities, are firm
at our quotations, and we look for more uni
formty in the market value of these Stocks than has
heretofore been experienced For time past prices
of ell kinds Of securities have been steadily settling down,
and many have reached their minimum, while others
have still q wide margin for further Decline partcu-
arly those of fancy character Stocks OF every de-
scrpon must under the present financial policy Of the
government reach their level whether that level is
above or below the present quotations The time for
artificial mutations has passed. hope, never to return
and if efths most worthless would pass out Of sight
it would be q contamination devoutly to be wished
There are enough really good stocks in the market TO
absorb all the capital shoat without touching those
having no other value than that created by the
operations Of the bulls and bears Of Wall street.
There several stocks in the market, of companies
In state Of liquidation, which at present rather
of a fancy order, but which may ultimately be much
more valuable than present prices indicate Most
of these stocks absorbed by capitalists for invest
ment under the belief that they will pay very
large per cent Of the capital originally invested
in them. Our railroad stocks. now looked upon as
fanciss will without doubt continue such fo1 long
mo and of them SO seriously embarrassed in
their finances, that tight money market or any dicul-
ties in our commercial affairs, would place them in
very unfortunate position far the stockholders
concerned. The immense debts hanging over these
companies, ready to fall uponther property at any
moment, must be source of great anxiety and unsas
Stockholders and have fears that they cannot
avoid bankruptcy
There has not been much activity in foreign exchange
by this since the departure ofthe Sarah Sands
rates for sterling bills have fallen Off We now quote
prime bills London los 1861; Paris, ST. 20 ST
az; Amsterdam, 1914 ss3s Hamburg, s4al IS; Brs
men, 77ta77A.
At the first board to day. Harlem declined Is per cent
Norwich and Worcester y Reading e; Morris Canal
"a Farmers Loanx; United States ss, 1885, improved
Is Long Island u
At the second board Morris Canal went up X Read
ing u Farmers Loan Norwich and Worcester Il |,
Canton Co. y Long Island fell off u The transactions
very limited
The exports Of produce from this port for the week
ending the 26h inst inclusive, were as annexed -
EXPORTS FROM THE PoRr New YoRK.
To Great Bri.ainMeal bills IL, 1888; corn, bush 205
l3s; -four bbls 1857; wheat BUSH Ia $50; cotton bales
$685. Rice tierces 368 peas bush 237 bacon lbs 2
bssswax lbs ss2 taow lbs - 1905 butter lbs 49, 1885,
pork bbs 2s6; lard, lbs 1889; barley, bush. 2ls7
cheese, lbs SO 1888,
To British West Indies-Four, bbls 1885, -four half de-
40 cheese lbs 62 butter do 800 meal bbls 81 pork
do l4o bsof do IS; hams, lbs $3.50 Live Stockholm
40; sheep %.
To Spanish West IadiesDry ash, lbs. so 500; -four
bbIs Az butter lbs $780, meal hhds Is; meal bbl: 80;
do l,7s7.
The shipments the past week were not extensive
those for the week previous which attributed entirely
the absence of vessels The quantity pressing forward
is immense and daily increasing, being impossible to
get vessels fast enough to take of lots waiting for ship
ment British vessels arriving every day, but ship
pers do not relax fraction in their rates. from which
should Judge that they had fears supply of vessels
lor1 oh IN ofrac