The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-09-05

M q N KY m A n H Ic r

WEDSEsDAS, Sept. &c 2. M.
The stock market Is daily becoming more depressed
The depreciation going on in prices induce many
holders to and ul,ins panic among speeustOrs
will bring abouts regular smash. 1t would not take
much in the present stage Of the stock market to pre-
duce panic among holders, and 10 would surprise
us any moment TO collapse that would up at
once the margin purchasers on time, buyers option
have provided for. There many rmall speoula-
tors In this mstket-indiyiduais who have capitsis
enough to buy two or three hundred shares Of somo
one fancy. upon deposit OF ave per cent and
Who are compelled to sell the moment that margin.
has dssppesrsd-thst when prices bssia to run down
iGst great deal Of ssok out aud l. sold the
current Tstes Even those abls to carry their
stocks get alarmed when thoy zee prices falling
and frequently cell out at loss. All this in-
crsasts the downward movement and finally car
ri.s the nsrket down 10 the lowest points, from
which Il takes, usually, a long time 20 reeo-
IL should be borne in mind By all holders Of
fancy stocks having limited cspitsls that there a
long, du season sPproachiug; that whstsver spscua-
ton takes place. must be realised within the next
thirty days ana that the probabilities ar. rather in
is,or Of decline than sdyauce 10 prices from this
tine for.nd We caunot possibly conceive What In.
dussmsuts cen be pressnted g purchase any fancr
stock At present. price, There has been time within
the pact cir months. when Que woud touch them
at prices ranging from tea to acsn Per cent bsiow
those current aud u can hardly be expected that
any new operators win purchase nov. with view q
holong for better prices ~ have doubt but that
those brokers Who already have on band large lots
fancy stocks. viii s,t up. from tiue 70 time ausue
hurry In thu market for the purposee II attracting the
stieltion Of outsiders but have the slightest
IDEA that any Of thor schsmes sad Iaanouvrss wil
succeed So little be said IN favor Of any fancy
stock in The let aud much be said asanst most
Of them thst u y utterly impossible 70 ct up anv
excitement IN their favor or create suJ ooaaience
in the public mind Ia relation 20 them
Al the tfst board day Eris Income Rcnds De.
ened \ W eat With very large ssiss rris Canst
y Nov foft una Nes Haven hsiiraad, 4 We have
noticed deposition smons holders Of Erie Tason,
Bonos 90 pat tusm upon he market In large lo.A an
IAsntlJ inuinrsut the sasss % suoh large sales
upon prices The impression Is evidently gaining
ground that prices eonsidersty bclou th,ss now eur
rsut will be realized before IN, close Of the year and
holders are therefore, anxious to obtain th,se NV
current o. ~ near them possible. Apprehensiona
are entsrisiusd that much larger amour. of these
bvnds .il BE- throsn upon the afAsttssn Anticipated
ct the date u the nrt i.sue aud o. u Is well kno~n
that thcte ifue to contractors ~ disposed Of
out and cut OF hypothcostsd With a margin Of three
and tve per cent or depreciation, " Il feared that
some Gay isrse quantity wi b. brought ont for sale
and an In roaht dsrrecson be the result Of forced
sales Operators in Wall street have not forgotten the
by holders Of the RE second mortgage
bends on hypotheea.on snd the result OF the combina
tics mad 10 press them 10 the lowest points for the
purpose 81 cioarg the account q parties who had
borrowed MONEY m the hypotheca,on Of these bonds
The same same is gciug In these income BOads and
the result VII. ~ithout doubt be nearly similar
AZ The second board there large sales Of Eric
income bonis at . decline OF y per cent prices
current IN ihs morning Erie Rairca "A fsh Oh y PIT
cent Rssding Haiircsd advanced = per cent The
mprovtment n Reading RsiIrosd was caused by The