The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-08-30
uOnEY MARKET.

rHsRssAr, August fe-eP. N.
The stssk nsrkst remains about the same pre-
vossy quoted No one outside Of the street. appears
TO have any disposition 70 operate and In the street
the anxiety appears to be to got rid Of the fAucis In
stead Of Increasing the line Stocks held In the
street In such large lots that they have become dead
weight. 30 many Of them unprodustive, that the
interest account up very fas and the stocks
steadily increasing In cost In the face Of strong pro-
liability Of depreciation In the market value This
by no means pleasant prospect particularly to those
who have margin already against them. The stock
market, the whole, s in very peculiar position
and spesulstors stand upon very dangerous ground
Holders OF stocks argue that the elements Of spec
ulston are perfectly sound and that the public mind
In want Of something to Let OF the supsrsbundsnt
supply of captaliomethng to employ the speculative
propensities Of our psopleand they therefore antio
pate movement to extent in the market. 1t Is
represented that the present supply Of gold and silver
In our banking institutions, in the subtrsasary, In
the minis, in California and the way here from
the Pacific, eanno. but have very favorable effect
upon the stock market and promote speculation par
ticulsry In the fanees On hand, 1t Is stat
ted that prices for all stocks In the first place too
high, that outsiders cannot be induced to touch those
Of upprodutve character ut rates ruling that
there 10 guaranty that the present or anticipated
supply of gold preserve commercial confidence or
prevent advance In the rate Of interest There Is
undoubtedly . good deal to be said both sidss-s
great in Of and much against any i'm
ment in prices; aud everything connected with the
stock market Is In such state Of uncertainty, that
prudent will not touch good securities at
present prices and the fsucies altogether neglect
ed by outsiders Having faith in the value of fan
sy stocks generally, believing them to be- dan ,
gerous things 70 touch at any time, aud know
Ing that most Of them are now selling OF
prices far above what they are, probably
will be, worth cannot suppose for moment that 1t
Is possible to get mp innation the slightest spe
culative excitement.
The receipts at the once of the Assistant Treasurer
Of this port to- day amounted to slOs0o5; payments
$7s14s CO. balance, 81 02l, 4s3 So.
The assessed value Of roal estate in New Bedford
for the present year Is 81 ols75o; personal estate
$1I $50; aggregate amount Of property 900
which 10 assessed the rate OF fortyfve cents per
500, probably the lowest tar upon property in any
city in New England.
1t has been stated, by those who appear to be OPP
posed to the ason OF in the South
section Of the Union that 1t is impossible to make
slave labor available in manufacturing. The sue
cess Of the saluda factory, the saluds river,
near Charleston, 8. c., Is an illustration of the
feasibility OF the system pursued In its manage
mspt. There operatives in that establishment
white and are principally from the manufacturing
districts Of the North; aud although at nrst strongly
prsjudiced against slave labor have from observation
and Experience testified to their equal efficiency
and great superiority to the whites in many respects
A. FIRST slave labor tested In the spinning depart
ment since ~hoh time the older spinners have been
transferred to the weaving The Of the
weaving department Is from Lowell who reports that
while there is full much done by the blacks they
much more attentive to the condition Of their
looms There Is better evidence than this wanting
to satisfy every unprejudcsd mind that the South
have In the save population, operatives capable OF
carrying on almost any kind Of manufacturing There
other ufaeturng establishments at the South,
whore slave labor Is extensively and pro6taby empi,r
ed, and the time 10 not far distant when all OF this
slass Of operatives tbs South produce, will nnd
full employ In the mills Of that section OF coun-
try. BY judicous dstribution Of slave labor, the
South than double their producton, and, by
opening new channels Of profitable employ ment for
the slave population, add immensely to the resources
and aggregate wealth Of the slave States.