The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-10-08
CO N MERClAl AFFAIRS.
MONEY MARKET.


The pastwseh hss rossbout been very anfavorsble
one for holders OF all kinds Of stocks Quotations have
been steadily settling down. and the market closed
yesterday very much depressed Several of the stock
operators have changed their tactics and those whO
have for son~time past heen purchasing largely Of all
the fancies have recently become sellers with the de-
TERMINATION, apparently of letting prices down TO-
induce outsiders to take hold relieve the market Of
aptron of the vast quantity Of stock pressing upon it,
The brokers end that IL poor business for them to
sarry all the fancy stocks, and they evidently have
become satisfied that outsiders win not take hold at
present prices and have therefore concluded to give
the bears their way. aud let prices at once down
to the lowest point Where that point ia 1t would bo
difficult TO determine The margin for fall In some
Of the fsnces, is still great. and holders will be
compelled TO make enormous sscrfces before that point
reached Within the past four I've months stocks
generally have fallen ten, fifteen aud twenty per cent,
and outside spectators very easily what iuu-
mspse losses they would have realized had thsy been
drawn into the street early in the season We have
rom the first predicted this fall and have steadily
cautioned outsiders sgsnst touching stocks Of any
kind. particularly the faneies We have saved them
thou ands upon thousands OF dollars and il they adj
here ridly to the they pursued since last
spring they will save Thousands more II outside
spectators touch fancy stocks at ALL they should
cone in At the lowest level VI prices when any change
In the market would be for the better, when there
would be some probability OF making money and not
when prices rule 40 far above he real value the best
Of stocks, that turn in the market is likely
TO be downward than upward. Unfortunately for
the prosperity of outside operators generally, they
ars more disposed to purchase at high than low
prices They usually come into the market when
it Ia inflated by some speculative exsiten1ent and
the brokers, sure they live, saddle them with
large quaptitie, make every effort depress prices
and compel holders TO sell their ct prices
II IL more favorable for the brokers for outsiders to
make their purchases tme II does relieve the
market OF the supply Of stock pressing uoon it, and
gives them better opportunity to depress prices whom
the proper time arrives II outsiders are foolish enough
to purchase fancy stocks ut present prices or even at
prices fifteen and twenty below those
would be well for them do cash and take the
stock out OF the market By doing they reduce the
supply, and not much the power Of the street,
tpeculators.
The money market remains about the same as pre.
viousy quoted but from the increasing supply Of BUST
ness paper in the street the ssion "a that shall
soon have better demand. Business paper having
four and fix months to is easily negotiated ct az
per cent, while loans CALI upon the best stock secu
rifles, are made at per cent The banks discount
literally and keep their lines we'll up. The quotations
for sterling exchanges are to the highest point ana
the probability L. specie extent will 20 out bv
the steamer calling Wednesday Our exports lately
have been very limited aud remittancss BY every
packet, must for some time, be large in the face Of
small supply Of bls specie. will, doubtless soon be-
going forward.
The annexed comparative table, exhibits the QUE
ta'ions in this market for the principal speculative
stocks for each day OF the past week. and ct the close
Of tbs week previous. II will BIZ that prices have
been steadily settling down.