The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-09-27
MONEY MARKET.
Sunday, Sept. 16--0 p. M.

Wall street Is getting quiet again The excitement
growing out of the failures and the explosion Of the
the fancy stock bubbles Is rapidly subsidng and thugs
will soon settle down into the former channels and the
brokers will be compelled to shave each other out
their bread and butter The outsiders have had enough
Of Wall street shaving to last them many monthe and It
will be long time before they again DO drawn.nto
the bubbles which the brokers periodically initiate to at
tract this species Of game The effect II very exteu
sve imitation In any fancy generally felt long time,
and explosion of Of these bubbles leaves the
market in very depressed condition.
Prices for most Of the fances rule very low, compare
lively the face of money market Should there
In the market and the effect upon quotations
for fancies be what might expect from such change
decline often pecent from present prices would not be
beyond the mark bat could hardly anticipate such
fall no matter what might be the complexion of the
money market Prices have been depressed lower than
state of the money market uties by the trsnsac
tons Of the cornerers, which carried for such
length Of time by bull SPECTATORS and is therefore the
impression that the effect Of the recent fail
ures has been removed, the fancies must come up a
little money market and all other things remain
ing the same.
To undertake to name any price being the probable
value Of the principal fancy stocks would he attempting
much 1t Is In the power of every one having capt.
tai to invest in these stocks to satisfy himself to that
part Of the business but temporary Investments merely
for speculation, not of much Importance, n
such depends upon the state Of the market
and the probable perfection Of CORNER than upon any
real Improvement from time to time in the security II
is however, very extraordinary fact that purchases
for investment frequently made at the top Of
the market, under the impression that there never
will be better opportunity, that tho advance
in prices the result of real improvement In the value
Of the stock aud that it will reach par and become
dividend payment security. Such is the effect Of these
mutations upon the minds of many The Influence OF
the peculstops is exhibited In another shape Holders
fancy stocks very seldom take advantage OF the high
est point In prices to reaze they hold for little bet
ter price until the bubble bursts and fall OF five, tea
or Afssp Der cent In day throws out all their chances
and they have to wait another turn OF the wheel Of FIR
tune When tho market has been undergoing rapid
udation and prices have advanced three and fve per
cent daily for some time, We have from time to time
rged outsde holders Of all the fancies to avail them
solves OF prices then ruling TO oesr out every In
their hands assuring them that there not the slight
est doubt but that they would some time hence be
able 10 make good their supplies at much lower
rates The result has shown that those who follow
I'd this advice, have made very handsome profit,
and osn II they will come into the market again,
all up their lsts at prices twenty aud twenty-five
per cent below those realised with the satisfaction too
Of knowing that whatever they purchase will be at
the bottom Of the market. The grand secret OF stock
speculatons is to in the lowest and sell out at
the highest state of the market; perhaps It would be
safer and better not to wait for the highest point but
realize fair profit aud wait patiently for the fall which,
in nine fances out of ten Is to follow imitation
There dsubt but that most OF railroad stocks
which ranked among the fancies, steadily
improving In value. As they become extended and their
receipts increase the prospect of dividends becomes bet
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