The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-09-30

The cxctenep in the K m irket Throughout the
past week has been equal oy thing have noticed
at any time thin the past three years, The spirit
speculation has higher. and there has been more
activity among operators than we supposed possible
for the limited time which has transpred since the
movement first developed itself We only ascoant
for this by the fact that there has for time past
been strong disposition enter into specuatons OF
sort which has not until very lately, fc1nd vent.
The stock market will open safety vaive for the
escape Of this excitement readily than other
and fancy stocks are generally ore easily and more
speedily operated upon than any OF the great staple
articles OF In the absence Of o move
mept in any article OF merchandise the entire force Of
thofe who have speculative to crafty has
been turned into the stock msrket; heses ths
active Mt and rapid riss in quotations 81 IL
our i'm pression that the upward movement in >ohns
fancy stocks has but just commenced that spectators
for advance have thus only prep airing them
selves for imitation far beyond tia. already realized
It will be by tn. daily reports of transactions
the board of brokers, that the purchases for
time past, have been exe-e-.nsiy large, On time,
DoJ.r op"'n' i"-. shows great confidence On Wv
part r-yerr, and II they have the means to take
lad carry long IS is may be necessary ell the stocks
they have purchased the sellers will ind IL diic ul
deliver. and the demand tor stock fro the bears viii
be very likely to produce more rapid rise than has
yet been realized The danger and difficulty Is In the
bulls getting themselves too deeply involved in 60
ing beyond their means and being compelled 70 put
their stocks the market upon tho maturity OF !
their contracts aud giving the bears opportunity to
purchase at depreciation In a speculation, des-
perate contest Is continua0y going on between the
two great parties and the strongest Is to como on
victorious. So far thu actual or Immediate value o,
any Of the fancy stocks are concerned, IL matters
very little Everything depends upon the position o.
some particular stock the way IL Is held the ability
OF holders to carry, the quantity upon the rnrke,
and the strength Of the bear party The state Of tina
money market has great deal 70 DO With stock ,pocu
stior' but IL IL no; absolutely necessary that monsy
should be very ehesp or plenty. We have know
isncy stocks rise rapidly right in the fsss % srn
gency in the market whsH money Wa, worth two anu
three per cent month
when enc takes all these things into eonsisra ion
when 1t Is well known the bull party is very ssrong.
and daily ncreating In sgte, by the secession
OUTSIDERS that the money market never was mo-c
aoundantly supplied; that the from which w
derive our capital are in-ahsusble tia. there de
mard for our public s,curtie. In nearly every Euro
psan city; that all government stocks are beuc
rapidly absorbed by foreigners and our domestic capt
Ahs are compelled to turn their attention to our
local securities that the opinions OF careful eautious
shrswd men have recently experienced . very sreas
and favorable change relative to the sounduess and
afety Of securities which heretofore have besp eon
,idsrsd doubtful II not dangerous that railroad bond
Hsusd by companies. ctiss. towns and VILLAGES ar.
absorbing imrns nse amounts Of domestic capital whiob
has been withdrawn from government and State stocks
That the resources Of many Of works Of internal
improvement have been rapidly and proiuetiv.l,
developed than previously sntcpa ted; that our anar
eisi and commercial Affairs la sound aud healthy
state; that all slssses have full employmsnt and re
m ..Ag ,s.
Heverssnsver, as people. as country, ss govern
ment more prosperous pow,rfuI, fuller Of hop,
and prom'e, with greater abilities to PERFORM than a,
this moment; what can prevent steady inpro yemen
IN the msrke; ralse Of all kirds Of property
The political, npspeai, aud commercial horizon 4
bright not the slightest spse appears in any part
cause alarm or apprehension. and We zee no reason
Why there should not be for the neat two or thre
years, better times than hare hal at any perio,
within the past ten. IL Il very true have been ex
psndins pretty rapidly within the past years
once in a while We hear explosion among the msr
eantileelsssss; but the shock 2asses svsy,
the atmosphere IL purified. The great body Of msr
chants and OF all other classes have, for soms tim
past, been doing good business Payments have bee
prompt, and full anticipated. Every rsmittsne
rom California . portion OF those smbsrrass
mspts End difneulties whioh have grown cut Of tina
movement until ultimately W shall chsnse place
With that country and become the debtor The PRO
dueton Of gold on the Sacramento ~ii give rs all th
facilities require for the development Of any enter
prise end for the basis Of paper currency feurfoi
reater than that already In existence with ell tbi
What desire more-vhst not hope for
What mot accom- plish' |'|
IL will b. seen By the snnsxed table Of quotation
for the principal speculative steoks in this market
that prices have throughout the past week advance
steadily and rapidly, and that III, advance rang,
from one TO sin per cent Nearly every stock in th
Lat has fslt The mn Ard mn.amsnt In ,ri<..