The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-03-31
watts, Nervous Antidotc.-My faith In It's.
MOI EY Ark ct.


During the past week. the stock market has not ex-
pereHced any material alterations. Prices have been
pretty well manained that H. the closing quotations
yesterday were about the those current at the
close Of the previous week The fluctuations have how
ever considerable and the bulls and bears have
ricd the contest with great deal Of spirit and ac
witty II will be by the reported sales at the second
board yesterday, that the market shade or two
better. and that there indications of little more
speculation in the leading fancies We are under the
impression that nothing permanent of this kind will DO
realized until the present strngency in money matters
has passed away; and it is surprising that prices 50
well maintained in the face Of the efforts made to depress
them the difficulties cxI erenced in hypothecatng
tocks Of any kind The banks have extended their dis
count lines to the utmost more business paper IS daily
offered they provide for and stock SPECTATORS
can longer depend upon these institutions for loans
upon fancy stocks Thi. S at this moment particularly
and stocks Of this Glars held in large lots
in the street; and without loans upon them it will be
found very difficult to carry them The absence of out
side purchasers this time makes weigh heavily
upon holders in the street We have noticed lately
growing disposition the part Of outside SPECTATORS to
take hold Of he smaller class Of fancy toeks-hose
quirng but small capital to carry in large losand the
has been relieved Of considerable quantities of
those securities. This is very good far goes but
it Is the largest class Of stocks;hosc requiring
capitals to hod-that outsiders must take out Of the
street. to give that relief 30 much desired
the impression in fnu neal circles that the money
market will be easier in the Of thirty days aud
that about the middle Of May shall be in the midst
another speculative movement in fancy stocks This
Is all possible and very probable The money market at
present i affected by variety Of In the first
place the banks have just been called upon for their
gar quarterly statements and they have been preparing
their affairs for favorable report possible in the
second place the payments Of all classes Of investments
during March and the early part Of April invariably
heavier than ut any other season. aud this year they
have been particularly large and the banks, in
quenee Of greater demand upon their deposits in pro-
,idng for the amount Of corporation seeur
ties put upon the market for sale have not been able
afford the usual facilities in the emergency; ia the third
place the shipments Of specie have been extensive aud
although the receipts from California have been since
the first Of January last, about eight millions OF
dollars than the shipments to foreign couu-
tries, the fact that nearly every steamer and
packet leaving this port for Europe taking
several hundred thousand dollars ia specie, has had
tendency to tighten the money market. Thee things
have had unfvorable influence upon stocks and have
depressed prices considerably; but shosld have had
in the stock market in the absence above
named eaucsperhaps not to the extent rcalixcd but
the fancies had become much inflated the spoculons
had become protractc the outsiders fun of stocks
and operations extended far beyond their means that
collapse inevitable IL fastened by several local
events, and IL has been serious than IL otherwise
would have been In consequence u the contraction In the
money market the result 81 enumerated causes IL
must be borne in mind that there has been depreciation
q from ten to twenty per cent in nearly every fancy
ON the lst-that most II them nrinsicay worth
what they selling at. This i important con-
sdcraton and should be borne In mind by outsiders
generally
The annexed statement exhibits the aggregate move
nent q the banks q the United States according to
returns made January in each Of the past two
years, compiled In the office the Secretary II the
Treasury and presented to Congress near the eoc II the
late session
BsSENo Movn1srs % rnE rHrrp srAns