The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-05-05
MONEY MARKET.


stock market has not experienced any change Of
Importance during the past week. The variations in
prices have only been to trrg extent and the opera
tons have been almost entirely confined TO the regular
street SPECTATORS Fancy stocks held in such large
lots and controlled by such small clques, tina: there Is
very little probability Of rise, Of decline The
brokers do feel much disposed let prices down
attract outsiders and il will be very difficult to get prices
much above those current, without specula-
tion than exists at this moment. For sometime past
stccks have been accommodating in Wall street Outsiders
have realized and the brokers take all that offer at
price they been increasing their supply aud
now find no demand to relieve them from the weight
pressing heavily their hands. Most Of the leading
railroad securities good investments at present prices
and if they better distributed there would be less
variation from day to day in the marke; value but the
br ker do not like TO lock their capital for any length
cf tine in any investment, matter how productive
II may be- They want activity, and can Only make their
business profitable desired by continued changes
BY specuations they realize difference OF fifteen,
and twenty per cent in perhaps many days and it Is
only ly purchasing the fancies at low price, and selling
them at high prices, that snail capitals the pur
poses Of great Money in Wall street l. never idle
The legal rate of interest is small satisfy specula
tors and great rick Therefore taken with mpunity
when large profits are in the prospective.
1t no doubt seems strange to large class Of capitalists
that with the abundance Of money the low Of nte
rest the with which credit be obtained upon the
most ordinary securities, and tho large amount Of
stocks of all kinds pressing upon the market there is
not activity among spectators but TO those
quantod with the movements in fancy stocks, the cx
ing state 81 things does not appear extraordinary
The fact Is, speculation has exhausted itself For
than twelve months the stock market was scene Of
EXCITEMENT Ior the time. the fever ragged with the
greatest intensity and imitation In prices
realized Outsiders who attracted carly in the
movement made handsome profits the rise, and many
closed their operations before the reaction commenced
Those who in late, Il made the vic.
tins and found themselves sadiled with large lots of
stock at high prices with daily depreciation Of two
and three per staring them IN the face every
At that time the broker. pretty wei cleaned out
A. the market dropped ami outsiders compelled t.
realize, the brokers obliged take in aud fall Of
ten and fifteen per IN Of the fances has given
them greater supply than they want The question
now f. how to ct ria r them Outsiders, who made
money ~ hcr!e last year. 70 appear disposed pur-
cbase ~ present price and those Who lost money BY the
fall this spring have not the come in any
stage of tie market The brokcrs therefore have
alternative hut t. hold ana hide their time. II 4
impossible to tell when upward movement will COM
n,ence. One may take place 10 a week. and 1t may be-
months before 4 realized 1t pretty certain that
u the broker. HELP H. there will be dcprccia
ton r consequence. Any decline would fsil upon
them and they deeply interested in imitation
that Effort will W In un,ried to bring about such
desirable result Rairad stocks generally, stand upon
firm foundation The returns of traffic and travel for
Anil 50 far received show very satisfactory in
compared with the onding month last year,
and appears e. that holder q this class q ccur
tics will have little difficulty 10 sustaining the present
market value On the contrary thor, v a vide marrn
fer improvement w 81 them; but whether IL will DO
covered Immediately not question Of no particu.
lar Importance 4 any tut those who compelled to
realize.
Tho amount q treasury notes outstanding Tho Let
instant $50 al - u which yl5Coii was u the
merely nominal rate u interest; and used for dnan.
cial purpose in different parts Of the Union
The expectation Of specie from this port during the
yast week wa ~ snnaxed -
s,nrnr,rs o. srrcm rSo'r ~. .Posr Nsw YoFs.
am,ricsn goi5. stIs;o Anglican r,.d $40 300
dust. $50 silver. $4,000 I
siol,2oo
sran iouiAoons slA7 els /
Total ........... S4lS02l /
Tie shipments during the previous week amounted to
s0;sb3i Total shipments from January 1st to May 3D.
ls5l, ssl06i19 This week n shipments likely to
be very large.qual 70 those # week before lat The
steamships Humboldt for Havrc and Asia, for Liverpool
will take out large amounts We have reports u the
rival a large amount = gold dust at Panama from San
francisco, but q i hs- yct reached this port
1hsrc three four steamers due from Chaqrc and
We hall soon know pretty how much gold dust they
will irrg w shall probably have reports q The re-
ceirt II three times as much az the steamers on
tie Pacific brought down.
Tle ab1,xea ltatemont ,lLl u, quantity II certain