The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-05-08

For somo time past, the principal operations In ~
stock market have been in the fsncies and conpAsu-
lively few spectators have been engaged in the now
nent Holders Of solid securities have evinoea
little disposition TO transfer their prefeog
TO leave their capital whore paying rate Of n
tercst than the risk Of depreciation by purchA.a
stocks protesting to DO productive but Of
uncertain character There L. however, class Of specu
ators who have all their invested In fancy stocn
aud they operate In them from day to day, year sfE
year. and conrivc 70 squeeze pretty fair living (r
the ups and downs in prices Capitalists who deed u
sound stocaa those which pay good rate Of interest,"
seldom change their Investments unless something
productive and equally SAFE presents itself and the Pre-
sent moment Is BY proptous for any traaaer
Of money from one employment 70 another. There ~
pears TO lie abundance OF capital in the Market b
there calls enough 70 absorb nearly fast
be created Amidst all this, there Is speculatioa -
any article Of produce In Of the steadnD
OF supplies. but there IA expansion going In c~UY
department C business that must ultimately Prov
as disastrous Is the most extended speculative
movement known. We cannot realize the raps1f-
~ with which public and private credit Il incrcas-
ing. The facilities, for time past, have beea
bundant, and 80 easily obtained, that every has
made the opportunity svailabic branch Int
new operation and carry II forward ray and rccicsV
Tho rise in prices for rial estate, for instance has ao
only been rapid but has been long connucd that e
this moment advance Of 6y and hundred per go
common circumstance This advance has been the ~
suit Of steady progressive movement II V ~
result Of any sudden temporary imitation carried ~
and confined TO small clique Of spcculstcrs, vhsss
Teans IRE limited, and whose operations are praa-
oipaiy on their individual credit, but 1t has be0
caused, partially, by actual bona Adc improve
uent in the value OF this species Of property growing
out Of tho increased demand for the Legitimate
movements o! commerce but principally by the atte>e-
ton Of immense amount Of real capital 10 the ls-
veoptme Of the and advantages OF certs
localities and the actual creation OF property By ~
employment or artzans in the erection cf varrAous BE
movement In real estate similar that nov prs-
grcssng Is not much to b. deprecated the fsisx
upon the pubic such scheme. OF doubtful character =
No have heretofore bccn flooded with We have ~
almost everything In the shape Of stock companies -
tbere at tht mcmeat indications OF the inaatos =
bubble differing slightly from the common run. We
aude 70 the resuctsiion Of abandoned aud unpsoAaSs
mines located In remote section o. the cosntsv
few years sincc con,idersbie excitement created
by the reports received from Lake Superior relative -
the dbcovery ccrrS la that rgion and speculation Ter
time rio, in copper stocks OF the hundreds brosgA
into notice three mines believe 70 psV
expenses We zee in the market plenty OF specimens -
copper ore, from such and sseh mine, hut
knows WIN, IL has cost TO obtain thcm, how nusA
there left Tho legitimate mining nteresA q ~
country Ia imuvnc snd Is probably a. prodaouvs -
any other employment and pays Large profits ~
capita, actually invested but advise tho pub ~
causus and cok oct for the Jeremy bidders who
swsTnains In this market vith their pockets filled VIII
BEAUTIFULLY engraved certificates Of copper STOCK snsio
TO palm them 81 At the s-st prioc The times favor
ali. FOR tho Of such operations and unics
great deal Of determination l. exercised In the invcsa
ment "a eapits many viii BE- cleaned out q their isA
dollar.