The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-11-19
col RCIAL AFFAIRS.
MONEY MARKET.

SuhuNy, NOVs 1o-o
| The stock market closed heavy yesterday Quota.
tions for the ces Tor several days past have been
steadily dropping, and appears impossible to get no
any SPEC alativs vement. Outsiders cannot be In
duced to touch anything in the shape Of fancy stocks
on speculation, and without demand to take these
stocks out Of the street. the bulls canpot get prices up
or even sustain them ct present points. IL outside
stock spectators Understood the operations of ths
bulls and could clearly the that party have
In view they would not be often deceived and drain
ed Of their capital ssd they would keep clear Of al,
such movements. No one supposes for Q moment that
the balls pm ssns the age lots Of fancy stocks
daily sold lie street for investment (they are not
as thst0 that they have any confidence in
them but outsiders to lose sight Of the fact that
these specuators set hold of majority these stocks
for the purpose OF catching the shorts drive in
those who are usually attracted by rising market.
individuals who making every effort to Induce
outsiders TO purchase would be the first to sell out upon
slight advance and then round and break dow
prices pei those who been drs wn into the
movement the top Of the market to sell out At
. sacrifice As soon upward movement in
any fancy gets well under way the bulls
become the largest sellers They do not exactly turn
to bearing the market, but secretly sell to outsiders
time, either buyers sellers option, aud for q
time openly pur hRss TO . moderate extent As soon
q they have sscded outsiders with more than thew
carry, systematic 'fort Is made to put down
prices, and then the outsiders suffer some The bro
kers Of Wall street full Of fancy stocks and there
Is not Of them but that ud gladly sell to morrow
every share he has, ct cost. The have given up all
hope Of drawing In outside specustors their only
alternative is to hold and make the best of bad
bargain.
One Of the evidences Of the healthy state the pub
lie mind in relation to speculation of all kinds Is that
the great abundance Of money, the with which il
be obaned upon almost any kind OF urity and
the reduced rate Of interest have not thus far created
any disposition to engage in any operation not Of o
purely legitimate character. So long as this feeling
exists there will be nothing to spprehend from any de
In the usual Of trade There has not
been for time any artificial imitation prices amp
the laws of demand and supply have regulated the
market value Of all products. This Il Q msst ex.
traordibary circumstance, and shows that the evils
growing cut OF thespecuaions Of past years have sunk
deep into the minds Of all classes Operators In Wall
street atonhsd at this state of things and many
Of them will be FERROUS sufferers Large supplies Of
fancy stocks have been laid In In anticipation OF an
active demand which they not destined to realize
The annexed statement exhibits the quotations in
this market for the principal speculative stocks for esch
day 81 the rss. week and the close Of the week pre-
ous II Will 3. pere, that prices have been stesdi
ly settling down throughout the week: -