The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-04-16

the past two months ii the outsiders have meddlei
very little with the fancies II is cons by shrewd
operators good time for those who have sufficient CAPT
tai to take stocks out Of the street. keep them
purchase and hold for rise but pure time al
ways labor under disadvant age and it is never good
time to buy stocks credit par.ie Harry If the purcha
ser is not Of having the money to take them in
when the contract reaches maturity.
1t Is very seldom that experience for such length
oftime, such stringent money market has been
allied during the past sixty ninety days. and the
tua value Of fancy stocks has been pretty well
Quotations current for stock sec III, generally
may considered at about the lowest point possible to
press them. The probability of i'm proyement de-
ponds entirely upon the supply of money seeking in
vestment As nothing keeps down prices but the tight
the money market it of follows that an
advance will Immediately follow improvement in the
money market Nothing is surer. 1t is easy, there
FORE for those interested, to make their calcua-
tions to the time for such change.
The Assistant Treasurer Of this port has on deposit
to the credit Of the government about two millions
three hundred thousand dollars in specie, portion of
which 1t l. proI ed to vithdra for u express pur-
pose of relieving tie money a and be Netting
few spec uators in fancy stocx beadstuTs To ac-
oompih this, it la bee recommen to the Secrc-
tary of the Treasury antici h" urty of the
Mexican indemnity due in June, and pay out million
of dollars on that count. Whe her a move nent of
this kind will be made, not, is yet ter of much
doubt but the policy Of anti,ra ing any item of pub
iic expenditure is doub full raricu ly when such an
act would hasten the hsue Of the ba of the last
loan, and be Of pecunary advantage the govern
ment of benefit IS inpor ant interest of the
country. So long the government have a financial
system want to see it strictly ihercd to- II 1
the only way to test any pubic ure, to enable
the administration to poin. out the defects in the
financial, or any other system in operation The Sub
Treasury will be depleted soon enough ihout antici-
patng any payment and it would be well for the Score
ty to husband his and let the stock specu
lators of Wall street manage they best can without
any interference the part of the government Thus
far there has been deviation from the legitimate line
of operations in the Treasury Departments and it would
be particularly unfortunate if the pre- ent aminstra-
ton resored to malpractices similar those adopted
by that which has just retired.
We must look entirely the importation of spccc
from Europe and from Caornifor relief to the money
market as the stringency has been in great degree
produced by the measures adopted to give us large
supply of precious metals from those sources The
banks Of this city have discounted large amount Of
paper given for the purchase Of sterling exchange and
a large capital has been employed in the California
trade, without any returns of consequence, so far.
These movements have absorbed immense amount
of money, which, otherwise would have found its way
into the usual channels Of trade AS the return
tide commences 81 all be relieved from the de-
preston which weighs so heavily upon the money
market
The annexed statement exhibits the quotations in
this market for the lrincipa speculative stocks for
each day of the past week and at the close of the week
previous 1t will BIO perceived the prices have been
very much unsettled and that huctua ions one and
two per cent have been r ize i the a cies -