The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-08-26

S>sts sssks for United States sizes would produce
- sncs an improvement of several per cent Hodsrs
generally are arm, and where they held for invest
nent there are no Inducements to sell. There 10
great scarcity Of safe stock investments in this soun
Try and capitalists experience considerable difficulty
IN hnding sasfaeaory employment for their money in
such urities Unless immediate and more profitable
use for money be found it would be folly to sell
United States skies the present high premium
great difference Of opinion exists relative to the
safety Of certain investments and what man con-
siders good another considers good for nothing This
10 perhaps fortunate, for 1t gives many securities
position which they would otherwise fail to command.
There people who will not touch anything but
government stocks; others have faith In good State
stocks others in delinquent State stocks others in
repudiating State stocks Railroad bonds have their
friends among capitalists, and railroad stocks las
strange It may seem favorte investments with
many Some of the best securities in the list for
causes beyond comprehension, deprecated in
market value to surprising extent and 1t is most
extraordinary to stocks, purely of fancy order,
and really worth nothing at ALL selling d,iy at prices
higher than those alluded to above. These
Of the Inconsistencies of stock operations and show
how little capitalists really know about what they
daily deal in.
Anour good, sound, dividend pa ying securities parti
cuarly those Of the Federal and State governments,
must capital increases appreciate In value, ana be
sought after for investment. There is no doubt but
that revolution is going in the rate Of interest in
this country The probability is that the value Of
money here will approach much nearer to that Of
Great Britain, capital increases in both countries
The rate Of interest must be more equaized. 1t is
entirely of the regular order Of things connected
with financial affairs that money should be worth but
and half per cent, per annum, in London, and
Ave and six, per annum, In NewYork. There must be
greater uniformity in value and it Is probable that
there will be approach to standard in both coun-
tres-that 1t will advance slightly in London, and de-
preciate in value in New York. There is at this
nent very large amount Of foreign capital invested
In local securities and employed by the agents Of
English and other houses, in any safe manner to
tze six and per cent interest large portion Of
this amount the proceeds Of foreign merchandise sold
In this market which has been left here instead Of be-
ing RENTED to owners abroad. Money is complete
drug In London. and throughout Great Britain, Any
amount of capital could be obtained ut the latest dates
there at one-and half to two per cent per annum,
and there 10, therefore, no ndueemsnt to make re-
mittances from this market, where it can with judi
eious management command five and six per cent.
II this state of things continues long, all our public
stocks, which have fixed rate Of interest payable on
them, must command much higher prices than those
now current, to make them correspond in productive
ness with temporary investments of capital and to
keep pace with the steady depreciation going in
the market value of money