The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-11-06


Quotations for most Of the good. dividend paying
stocks have during the past week or two, improved
eighty while those n doubtful fancy character
have fallen OF, or In other words good stocks have
been getting better and bad stocks have been ssttiog
wore This will doubtless Ne the case for all time to
come. United States stocks have been la active de-
msrd fer the past few days and purchases have been
made, fer remittance TO London, on hons account.
The advance In quotations 10 this market has prevent
ed the fuIllmsnt OF orders recently received from
Europe; but &c Is probable that later advises will ex-
tsnd tn. margp and enable parties here to the
dssired investments At prices ruios ia this market
and In London for government stocks they are a bet
ter remittance than bills Of exchange at current rates
The only difficulty aud danger TO be ap2reh-ndsd Is
the possibility Ct decline In London, before soni.-
tancss rsch that market There IL very LITTLE pross
bi,y Of this but the possibility is suncient to iaducs
many 20 remit exchange or specie.
The Europ'an by the Hibornia, has startled
speculstors Holders Of cotton high spirits
aud have bafcly made up their minds what prices TO
ash for the article The accounts have completely up-
t the market aud IL will b. days bsf,re spscua-
tors ~il forward freely to operate As the news
travels South, It will oreatsa tremendous excitement.
The effect Of such advance on cotton In LirerpooI
will be felt Ia all departments 20 busin 10 this coun-
try u will give greater i'm petas TO speculation than
has been realized for macy years We u1me-
rous indications ~ q return OF tush times aa were
esp,fi.bcsd throughout the length aud breadth
a this country during the years 1850 aai 1s37the
seeds have been aud the probability IA that
ttsn resp similar results In the progress Of all
great expansions. aud in the extension II all specua-
tive operations nisny victims fall by thc way and are
len 20 their fate The great Of operators keep
their attention 90 dxed upon grand imagi-
nay result that they lose eight of those Who we're
ruined In the earlier stages Of the movement, and
prsss biindly to their own destruction When
the Caiiforris fever brst broke out, there was
not the first thought Of disaster and ruin. Every
enc became 80 infatuated, that reason aud calcu-
lstiop gave way to the moet insane estimates, and
thouisnds became 30 deeply involved, that the pros
pect 10 gloomy enough. Those who attacked
violently by the yellow fever, when II frss psrtook
Of an epidemic character, have all tbsis most
travaeant snioifaions gradually vsnsh aud enough
has already trsuped relative TO the Of the
gold section to tstisfy all, that for long time, the
trade ofthat country will be losing business to those
engaged In u. Nevertheless, we ths drsw many mil
lions OF gold from the mines Of California which will
tend TO d.yelops the speculative propensies Of the
people this side Of the continent and give re-
sources for initiating any speculative movement that
may siise. The receipts Of gold from California the
advance Ia TIE value OF our mOst important agrcul.
tursl product alone sufficient eruae neg era
I'm financial and commercial Affairs, aud 70 hare no
doubt that before the sPss Of many months We shall