The New York herald., 1850-04-08
MON EY KET.
Sunday. AurIl 7-6p n NJ

The stock market closed yesterday, firm, without
any particular tendency towards an improvement
Prices maintained much better than anticipatcd
and holders evidently determined to give outsiders
al opportunity to make rapid fortunes. on the ad-
vance already realized II they do not sell out when
they make handsome profit, it win be no fault
Of ours because they had not a chance. specnla-
tors for a rise satisfied. An advance Of ten
per cent after il has taken paccs looked upon with in
difference and ideas Of profit expand, with expan-
sion Of prices so that holders generally less dis
posed to realize at advanc o. per cent than af.
ter depreciation to the extent. Within the
past two months Reading Railroad has advanced from
20 to 40 Farmers Loan from 80 40, Canton Compa-
ny from 40 to SO Norwich and Worcester from 35 to-
43. Erie Railroad from 50 o CO. stoninrton from 43
to as Erie Bonds from s4 to o. Harlem from 81.
TO 90 North American Trust to l3 ana Morris
Canal from 10 to II per cent This imitation is CON-
sidered moderate by those who have become i'm
pressed with the idea that the level of old times
is going to be realized, ana many who have been
for more than six months looking for nm nd
vance OF two or three per cent SO us to get
out without loss, look upon the profit now within.
reach mere bagatce. and refuse to take it. When
1t is no longer within their eresp they will regret
ing let the opportunity slip. When take into CON-
sideraton the fac bat here is real basis for the
slightest Improvement in thaa one or two Of the
stocks named it is matter of great that
prices are anu the nOluerS do not the
danger of great and sudden depreciation, and cut
themselves loose from such in, estments while they
can do so without loss Reading railroad has been put
up i'tyAree aud third upon the ground shat
its earnings be greater than last year. upon the
promised closing of its construction account and from
the fact that its creditors have been compelled to ex
tend their claims twenty years. Farmers Loan has
been put up thirty-three and third per cent upon
the bare fact that the Legislature has extended the
tine allowing the company to hold and transfer real
estate Canton Co. has advanced, upon the possibility
Of its landed property bringing better prices during
the speculative in real estate; Norwich and
Worcester in consequence of the passage of law in
Connecticut. allowing the company to issue prefer
red stock and shut out all the old stockholders who
refusc TO take their portion Of the new from any div
dcnd from surplus earnings. Erie railroad has
advanced, because the monthly receipts show q
great increase on last years and upon the sup
position that the net earnings must show a cor
responding increase. The Improvement in North,
American Trust is the result Of a few sash sales
among holders but IT is impression that there
been change Of stock 1t Is the easiest thing in the
world TO get mp advance in this way. and it Is fire.
quently resortcd to for the purpose of inducing out
,Sders to take hold. Morris Canal has advanced.
s cent from the fact that il has increased it's
indcb sdness about three hundred thousand dollars,
for the construction Of new inclined planes. and the
probability VI an IN business. or more pro-
ductive crop e grass the tow path 1t will be seen
by this upon w. Sat slim basis rests the enormous
advance in fancy ., ocks and If any one will analyzc
the condition of apv Of the stocks named he cam
not resist the conclus on that not the slightest addi-
ton has been made to thc actual value any OF tho
mcns named OF that G, en- the work Of deprccia
tion which has for many y, 'ars esen progressing,
has been arrested.
1t is aston ishing how nfatuat ID Teauistovs be-
with these artificial securities Va ney appear
perfectly blind In their operations Man. sohsm at
times experience return Of reason, and du
sane moments resolve to abandon such da urerous
practices but before carrying into effect such tso'
determination. the disease returns with incre Sss
force. and frequently proves fatal When Il assusen
Epidemic form IL becomes contagious, and the Vie
time are often carried of between two days Such is
its present state and have fears that II viii attack
many Of cur best citizens We have pointed out tho
only infnllible remedy, which is nothing morrs
lees than total and those who do not choose
10 follow prescription must take the consequcn-
Gee One two turns Of the upon tho
poncy market will give fancy stocks twist that viii
make th,m squirm SOME. An enormous quantity OF
these securities have, within the pas. two months
been hypothecascd and with.a the FAST DAY or tv-r
loans 10 large emesnt have tccn called in This has.
compelled many to sell, but they have foo,shiv re
r@n'hed their supply by purchases on time, buyers
option at AN advance Of one PER cent. or more on
prices ruling for each Asthe money market tightens
we 'ha zee this difference In prices for rash ana or
time increase until panic ovcrtakcs these desperate
'peeuintors and general smash ciores the last act OF
the drama Thousands Of shares ~ each fancy will
then be crowded upon the market by holders on hy-
pctheeaton- in their anxiety 70 themselves ON
the margin In ni depreciation.
The annexed comparative statement exhibits the.
L.,
nartet for each day " .e past week at shr close
cf the week previous .t will be that r<sses have.
been moderately uu.Srm throughout =
ovorArtss ron tiln pRIscrrAL srOcxs IN ,-r Nrw-