The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-06-24

r.. -.
During the past week there has been considerable
excitement among holders of fancy stocks generally
Prices have fallen on In several instances several per
cent and there 10 every prospect Of further dspr.ci
alton. Holders appear 10 have very little confidence
In current rstes but they cannot get out without sub
hitting 10 even greater sscrhoes The market 10
In such state that any quantity of stock put upon
would depress prices very materially and rather than
force sales at such prospect all striving 10 hold
with the hope that reaction viii take place AID
improvement b. realised Drowning catch ct srA-s
10 cid saying the truth Of which Ia illustrated every
day In Wall street. Parties vho purchased fancy
stocks II ave and ten per cent above current rates e
confident that large PROFITS would be made They
appeared 10 consider that the chances four
out of Eve against them that a had taken Ave months
with all the pung and blowing % the bull party 10
innate prices 10 tho point reached aud that not
single cent had been added 10 the value % sny
one In the list. The fact that prices had advanced
and that many leading men In Wan street had given
Il 90 their opinion that most q the fncss
TO go to par sufcisnt 10 insscs people 20 take
hold Of then fortunsieiy % moderate extent ct tn,
top Of tho market The decline that has taksn pl.c.
has doubtless SHAKEN the faith o. many outsiders sua
opened their eyes The fact that tho advee % tho.e
having stocks 70 cell cannot BE- depended en-, aud
should be received with great dssi % esution The
very men Who we're continually the q Wall
street urging people 10 buy this stock and that stock
ifthsy wanted 10 make fortunes par vas cheap for
them, were through their sgen,. .sIlinr out every
share thsy owned This Il All vel ensagh n 1. lsri.
innate enough Tor Wan street snd no caa con
plain. Those Who purchased eAnnot say that oypar.
tubitiss enough have not besa presented throarh
columns 10 obtain correct kno~isdrs q ths value 81
fsney stoek, generally We have sever, fur moment,
throughout the recent na.tioa q prices doubtsd the
correctness Of posisn relative o. this drserptaa
ofresurities amiest an the opposltos. and Ia a..
face % rise q ten, nassu and t~euiy per cent. 10
the leading faneiss have reiterated oyiaisn.
snd have not permitted an orPortuniiy 10 rsss 10
caution The public against the srlaeiai al sasrves
cent infatons gClsg on In an .orthisss stock IL
smsttsr ofnuch astonshsnt % ~. ths The operators
Of the maehlssry o. speeuiAtion Ia wal street
csedsd % well In their piAns but apparent
than real The rs 10 prices fron asy 10 say not
the result a. IN previous spseuistons ~ sny dssaa
of consequence from outsiders. bet 81 asmaaa aonG
the brokers, or from ens broker day and austhsr
broker the nsrt, belonging 20 the s4as II %.
the result. almost entirely Of speculative msvsmsal
among the brokers; aud the grsAl imprs,snsns IN
prices brought out large quantities - stosas -hisA
found their vay into the hands n enc sgas price.
varying non seventy 10 exhtyt-o per ssnt g. Ers
frsp any sriyon fer Hsri. from forty any 90
Reading and 90 On through the i.t The parties
49,"
the sneies a, the highest point u ths mkst ssa N.
probability IL tina, the tsprseistloa no~ Eoinr -.
with the aceumuistien a lnter~st In ths mssutim.
wnl take much more cut % their poek.t. thsa seat
into them the rise The lat. In IN faness has
been scme-hat similar 20 The Plaza siogtsi smous
merchants 81 marking up prices Tor rosfs snd shes
the stocks brought sut for SEXUAL sale IN. dss-
renee between sayrs sas ssiius prices OH b. much
greater than 10 generally sniieirstsd Win aothius
In the world 10 sustsi. prices but the sbiy 81 ht
trs TO carry stocks-vth external dsmssa snd with
long dun season In the psrspsetivews a. nos s.s
nov IL possible 10 keep the steam up snystsrs near
fhs present point. The fsneiss hare bseos mush
eoncentrated-thsy are hsld In too lsrw- loss thsy
are not sufficiently si.sribued sad ths broker, hcls
too many Of them st hish prices
The snsersd comparative tsAls srAIsits th. quoss-
tions 10 this market fer sss prissipsl s,s.ssa..
stocks fer sssh Gay 81 Ne past wssh. sss a. ne
ssss q We vsh prsyssus. nvnl ~ sssn THAI there