The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-12-04
A full stock of choice Overc
co NJ NJ ERCIAL AFFAIRS.


Sunuoys Decs 10 M.
It will be perceived by the comparative table Of
prices given below that the stock market during the
past week has been buoyant than for some time
previous, and that quotations generally rule higher
than at the close of the previous week. This is the
result more of mutual agreement among operators,
than Of any important improvement in the money
market, any change in the prospective course Of
events connected with financial or commercial affairs
We see nothing in the future calculated to create
fdence or to relieve from any of the embarrass-
ments which have long and still continue to weigh
upon all classes. We see nothing in the prospective
of nature that will guaranty better prices for
products, place credits upon better basis, give
healthy activity to all departments Of trade, life
and strength to most important manufacturing
interests. slight improvement in stocks Of any
description, is by no means indicative of returning
prosperity particularly when many Of the securities
which the improvement is realized in fact ra-
pidly deprecating in actual value. The operations Of
he opposing cliques Of brokers in Wall street. in in
fating depressing prices for stocks which have
value out of that latitude not to be taken any
evidence of prosperity difficulty in the legitimate
financial commercial affairs Of the country, and
little Importance should in reality be attached trans
actions Of this kind in the street. The demand for
ur staple products for consumption and the
prices for them in the markets Of much
more important matters, and exert a much greater
influence upon the prosperity Of all classes, than
speculations Of any kind. Money may be abundant
enough for all the ordinary legitimate purposes o.
commerce, while SPECTATORS may find imp ,ssble to
rase sufficient capital to control the smallest part of
the supply Of any staple. Money is at this moment
exceedingly abundant, and loans upon government
securities be easily obtained below the legal rate Of
interest," while spectators In fancy stocks cannot raise
money them at any rate. The same causes are at
work here as have produced such a plethora In the
London money market; and we have no doubt but
that before the expiration of the next six months It
will be difficult to loan money, such security as
will satisfy capitalists above four five per cent
There has been such enormous contraction in pri
vate credits and consequently such reduction in the
commercial transactions of the country, that there
less want of money less demand upon moneyed in
stitutions for discounts less dependence upon loans
from any The commercial classes have reduced
their movements to the limit of their individual
sources and trust that will be long time before
they again tempted to go beyond their depth, and
place themselves again in the power of the banks and
tie Sbylocks Of Wall street Money will, undoubtedly
continue abundant and to be obtained at reduced
rates Of interest," long commercial operations
confined to legitimate channels and proper limits but
the moment speculation in any important staple pro-