The New York herald., 1850-01-28
mind is turned to other things and 1. is Is diout to

mind is turned to other things, and II is diout to
induce outside rpeculators to touch the fancies
IL is to deter them from dealing In them during
the height Of . speculative excitement IL will
be lcng time before shall again have such
ments in fancy stocks. have marked previous
years. matter what may be the state Of the money
market in the meantime The abundance scarcity
of oney ba after ALL very little to do with prices for
upprodrctive securities. We have known speculation
run prices up ten and fifteen per cent in the face of
rates Of interest ranging from two to four per per
month; and the experience Of the past six or eight
months sufficient to sasfy evey that 1t requires
something more than an easy market and cheap rates
of interest to put up prices for anything possessing
within itself intrinsic value For many years these
artificial unproductive stocks have been palmed of
upon the community, at prices ranging from FIVE to
ninety five per cent their par value, and ws still
find that time instead Of giving them greater actual
value has In most taken away what little they
ever possessed and thrown them into the hands of
those with whom they originated where some Of them
will remain, and eat themselves up by the accumulation
Of interest
Outsids operators have realized immense losses by
holding this class Of securities and they have abandon
ed them altogether. While there hope-while there
was any probability Of any improvement in this de-
scrpion of propertyit easy to induce those who
had speculatpg propensity to invest largely but as
the public mind has been played with so much SO
much disappointment experienced, so much expected.
and so little realized, 1t will be impossible to draw
In that class Of operators who have heretofore been the
life and soul of all such ecuations We do not intand
here to point out any particular Stock to Illustrate
the correctness Of these statements readers have
been pretty well posted up in regard to these stocks
generally but point to every fancy the list and
refr to the quotations Of the past five years an evi
dence CT the truth Of remarks relative the move
mept of outsiders.
money market continues easy but capital is not
so abundant as few weeks since Business paper is
offered daily In the street in large quantities and the
Istes range from six to twelve and fifteen per cent &C.
cordipg to quality. There are no fixed prices for
paper and for the usury laws they dead letter
so far as Wall street operations concerned. 1t
would be good plan for those who wish keep cor
rect of the rates ruling Tor business paper to
draw up form similar to that used by cotton brokers'
for the classification of the different grades Of cotton
commencing with inferior and ending with good fair
Then idea might be conveyed of the ruling rates
for money. The only criterion Of the actual value of
money in this any other market at any time the
rate demanded call losns with government stocks
collateral security. There many prices for
business paper for the different qualities Of any kind
Of merchandise and the necessity Of holders great
deal to do with the rates Of interest The current
rate CALL with U. s. 6s security, is elk per cent
The annexed statement exhibits the quotations for
the prncsl speculative stocks In this market for ssch
day Of the past week. and at the close Of the week pre-
vious. With one two exceptions prices have bean
very uniform -
Quotations ron THE PRNcIpAL srocKs IN THE New