The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-04-17

Quotations current at the cosc OF the to-day
compared with those ruling the 10Th Of March, show
In almost every instance Improvement but pr ecs
WIRE higher few days since than they nov II 10
the impression in financial circles that the market has
rseLcd Its eliminating point and that from this time
forward prices will gradually but slowly. rcccde The
fact is stocks 100 high Many Of them
selling for much than they really worth.
probably will be worth The future looks gloomy,
and In anticipation Of tightnsss In the money
ke capitalists realizing and placing their funds
out loan at call at comparatively low rates " inter
est with government securities collateral that
when they want money they get IL without sub
hitting 60 great sacrifice stocks Holders Of stocks
generally do not seem TO understand the signs Of tho
times and do not attach sufficient Importance to the
indications Of unfsvrsble chang in the and
money market. Prom the appearance Of the financial
and commercial horizon, should juJsc that In hss
than srty daysthe storm would burst upon us with
mondous force, aud those who have dregarded the dis
tsnt nuserings Of the tempest, and have continued
buying or holding unprcductive. ungnaranted stocks
will hnd themselves their beam end before they
aware Of IT, We have frequently and loudly
sounded the note Of warning that Il will BE- fault
ours IL Thousands arc ruined
In regard to the California mor~ment. our preiic
ticns likely to be fulfilled 1T anyscsiy day The
bubble can hardly extend another fall mud II
Impression now explosion take place
coon ~ september next, and by that time man ri
Thousands more will be voved In the movement thar
At present. that It cannot be otherwise than most
Disastrous Between this and September. ut least one
hundred thousand people will depart nom the United
statce for California by the varou. and the al
dton % such large number. TO the present populao
ofCsornis and thosc rcsorting TO that country FROM
ell other parts Of the world will hasten the crisis aud
extend the effect Of the collapse What will become
Of the immense macs Of human beings their
way and about leaving for California. Is more than
can tell Much misery awaits most ~ them and sll
doomed to disappointment What their erPcctss
tons are Il would be difficult 10 divine; thst they
exrGvagsnt doubts; that they -iu b. realized
no one, With rightly constructed aud properly b.
lanced mind. for moment believe. There is nothing
In California for the enormous population s~armns t.
that point, ard the probability l. that the prodaeticn
will not be large enough to purchase provision
10 sustain life. San francisco has as yet external
trade; the country he's agricultural resources; and
the probability that great emigration will soon TAX
place from California 10 Oregon for the purpose Of en-
gaging IN agricultural pursuits Oregon will be much
bcnehttcdy break down In California. and amer the
Disasters growing out % the explosion % tho gold ma
mia have passed away. San Franci.cs may become
point q considerable commercial Importance, thd
nes of California moderately productive and Oresor
the great agricultural country % the Pacific. upon
which The o. tho<o sas vii have TO sspeo'
for support.