The New York herald., 1851-09-29

eyrDAu, Sept. 1-P.M
There was ssht, svsry slight rally in tho stock
ket at he second bess yesterday ssrnoon The
toss principally for cash. and the buyers principally
bears who have ~ doubt deemed IL prudent to make
up Of their shsets In this wethiak they wise
The Depreciation In oc has been very great and the
bears evidently satisfied with the margin in their
favor. Ths markss has taken just the course We anti
cipsted. We have predicted all that has taken psOs
but have mot exactly made up mind relative to
the future Thsrs is yet thick fog to get clear
and reliable excavation Financial affairs evidently
tending towards crisis We have had two or three pa
MICS Thsrs have been numerous failures among mer
camille houses manufacturing companies, and banking
institutions in all sections Of the country, and there
must be great many The liabilities Of the sus-
pended houses be less than fifteen mons OF dol
sapd this have materially restriots1 the resources
Of the community at large. Every failure has unvora
bio influence upon the money market and leads to
greater caution the part of the banks and private
cspitsts 1t is therefore, all important that nothing
shoud be ssd or done to the excitement in
lure public conhGence and trust the sghtest
affecting standing credit Of any public or
private wiz either be instantly confirmed, instanty
BUT down In times like these, 1t Is criminal to tribe
with ind vidual dit and mercantile reputation and
nothing Is well calculated to keep up the panic rs to
repeat or pubsh all kinds Of stories Of failures suspen
sions ard extensions The truth bad enough In such
cases We have heard, within the past three four
weeks the Of than twenty houses having
failed, every Of which o. at this moment, in good
credit and likely to weather the storm successfully If
there are not too many Mark NEEDLES about spreading
all kinds of reports relative to their insolvency, &c.
There at all times plenty of croakers about who
to delight in circulating bad newr. II is, In fact
their vocation and generally their interest to destroy
public conddence, and make 1t appea-, possible,
that upon the brink Of another terrible financial
revulsion Bear epeculstors in the stock market
instrumental in spreading dstrust and it subserves
their interest materially to agitate the public mind
and extend the excitement much possible 1t ia
their object to make everything in the financial and
commercial world appear black and lowering-to make
all suspicious Of each other and any heavy failure Is
perfect to the shorts During the past two
three weeks have been in covev but 1t is the
impression smorg the best informed huanciers that
they have had their day. 1t is about time Nearly
every stock tt list has reached very low point and
it appears that they must be pretty bottom
Prices may go lower There may yet be deeper depth
and may be several weeks before any improvement is
realized Only those who actusy compelled to sell
part with stocks at present prices Confidence in the
value Of most of the securities in the market is great
ever but holders who engaged in business have
recently been much pressed for money that they have
been obliged to realize at any sacrifice This the prn
cipsl Of the large quantity of stock put upon
filling market and the rapid depreciation in prices
The amount Of specie exported from this port during
the past week was annexed -
SHIPMENTS OF SPECIE FROM THE PoRr OF NEW YosK.
yEsEzurIA-per brig Granada, American gold SIS 2ss
6" British gold... so 900
4" do. silver. 2lS10
per steamship Pacific American gold 553 e22
" Eng gold & sill. $40
- AZ nAn
HAvANA-Ier steamship Georgia. Span. doubl... S3,2s
Total ............."..SLzzoll liz
will be by this that specie continues to go for
ward in large and do not any probability Of
an immediate reduction The exports from this port
during the past week, at extreme valuation cannot
be put down at more than half million of dollars while
the imports have probably, in the time been at
least three millions So long this state Of thing, con-
tnue specie must be largely exported and is folly to
expect anything different We have sn Indebtedness
abroad to Bquidste and have little else but gold to
pay IT, Fortunately have that, and spare many
millions more without injur:ng US materially
Tie steamship Baltic, frcm Liverpool brings four
days. later intsAgence from all parts Of Europe Tbs
Ytxs In etmne1cial point Of view Is not important
but rather mere favorable than that brought by the
a.rica The cotton market q triAe hrmer Bread
stus not active without any material change In
prices Specie in the Bank Of Epeland steadily de-
crsasDg and the Bank Of France had also lost of
ts bullion Considerable anxiety exists in financial cir
ces in England to know where all the specis going to-
Specie heipg drawn from ali the principal banking In
stuicns CT Europe and ne seems to bnow where it
gees to- The people the continent may be boarding
it, in anticipation Of another political revolution. The
Bank Of England has in band less pecie than pre-
vous to the shipment Of any Of the thirty millions Of
dollars from this country.
The value goods shipped foreign ports from Bat
mere, during the week endirg g Thursday amounted
in the aggregate to s?s9o53 ST. The principal articles
sent forward tobacco and bresdstus OF the for
mer. 2s2 hhds were shipped to Holland and France;
and Of the latter 1851 bb Of -four the West Indies
and South America.