The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-03-04
CeHMBRCIlL AFFAIRS.
HONEY MARKET.


Sunday, March 3-6 r. n.
During the past week there has been very little change
In the stock market and spectators generally have
not made much progress either way One or two Of the
'aneies have been particularly active, and small i'd
in prices has been realized but what has been
gained on one has been lost on another, and the
msrsst closed yesterday much rs II did the pre-
vsus week. The fluctuations In the principal fsnoes,
from day to day. have been great sometime reaching, in
tw. y.four hours, two per cent, while the resovery
would be In eshtbs and quarters. In consequences o!
these sudden reactions prices for stocks
higher than they three four weeks sincs, and
Others rargs below the prices then current Nothing
fussins the market but the demsnd from the shorts,
ard the desperate efsrs OF the srgs holders and as
the former becomes reduced and the latter get
greater accumulation Of stock prices must give way
There consumption Of fancy stocks the supply is
better than It years ago, and every year
adds largely to the nun Of such securities and the
quantity 81 shares All the old companies annually
issue Thousands of shares, which, with the new
concerns, keep up . much larger supply OF such
stocks than purchasers can be found for. Fancy
stocks are unlike any Article Of general or univer-
sai consumption. Prices for cotton, corn, sugar,
tobacco, and such things regulated by the sup.
ply and demand; and as consumption Is continually
going on, calculations can be made With great
sumptiop uyor certain known supply, and the nstuTs.
result of such effect regards prices Certain
slierabe rules regulate specalatlons In any staple
article Of trade but regards fancy stock specua-
tions there Is rule about them than In the
turn Of roulette table the throwing Of box Of dice
or the shutting of pack of cards. Manufacturers
must have cotton wool sc men, women and chill
dren and everything living must have food and there
IT, therefore, demand for these things at all times ct
least sufficient to meet the nscessare, of life II this
demand enhances prices It Is perfectly legitimate ana
must be submitted to- In stocks Of all kinds good bad
and indifferent, the b different The demand 10
purely artificial therefore very uncertain Outsiders
purchase only when they believe money be made on
them and the only consumption calculated to improve
price, is that from people who will buy them pay for
them, and put them out of sight. It requires such
vast deal Of TO DO this In the face Of such rotten
most Of the fancy stocks now in the market
have exhibited that no one but tho most desperate
srecuator who could lose his thousands Ut monte
without winhpg or moving muscle be induced
10 touch them There appears to be much iufatua-
ton In the minds OF many to deal In fancy stocks as
In Others to risk lore their money in other games
Of chance; and his fascination they find it possible
to resist and only sm continuing by the
want Of means.
The amount on deposit in the hands Of the Assistant
Sssss,l71 SO. Value Of foreign dry good. imported
during the past week 81 800 S52. Entered for ware
housing $51 30i. withdrawn from warehouse Ss001o.
Amount Of duties received, S5e5,s14 As.
The week just commenced lie destined to be i'm
portant one In the political history CT this country
We shall probably be able to determine before another
week round, whether the great and glorious In
stuons Of this Union shall be psrpetusted or who
tier the confederscy shs be dissolved whether As
nation, shsll achieve greatness divided prey
upon each other, spd become . reproach to the civil
lied world IN this section Of the country the people
appear to be isns-snt Of the dangers surrounding
them and pretty certain few, very have count
ed the cost prepared for the worst. The North
have stered themselves with the idea that the South
dare not withdraw FROM the Union that they are
dependent upon the commercial, manufacturing and
between them, prevent free exeasrgs of the pro-
taken this naterns junction. TO their souls and have
tested easy They believe the South will look more 10
their interests, and viii well weigh the conssquen-
ees before they rush hesdloug into extremes, In this
the Meth is iiSbt-tle South have well weighed the
conssqusnce Of dissolution 81 the Union The resa,.
Of their reflections however, has been different from
what the North anticipate. The South have been
firmly convinced than ever, that they not only
petey Independent Of the North but that the North
"a deeply dependent upon them that 10 the event Of
dissolution Of the Union, the balance Of trade between
the North and the South would annually be millions In
favor Of the latter As illustration Of the teuth Of
tb Il is only necessary look a. the vslus of South.
agricultural pxoirct exported from the United
States for several years.
VALUE OF sovrHSsr PNonoers ExronrED FRos rHx