The New York herald., 1851-08-19

Within the past two or three weeks there has been
very great change in quotations for our public
securities Where no actual sales have taken place we
have taken the current quotations Of the day but amidst
the fluctuations which have been experienced they can
not be considered otherwise than nominal Government
stocks have been comparatively firm Being without
doubt the best securities in the market capitalists have
withdrawn their funds from other stocks and placed
them In these with the impression that the event Of
realizing less sacrifice would be required The depre-
citation in prices for stocks generally has been rapid
during the past month that holders able to carry have
sold out believing that at future period the same
securities could be replaced lower prices Time only
will determine this Within the past month or two an
immense amount Of capital has been withdrawn from
stock investments Of all kinds and placed In bank on
deposit ready to be used any moment and the best
tage In the event Of financial spread
ing over the country.
This has put large quantity of stock on the market
and forced those who already were heavy holders to
increase their supply in the absence Of purchasers
have appear that the different securities depre-
ciatirg much more rapidly than circumstances war
rantsd So far as our leading r-lroad stocks
cerned such has been the Prices have fallen Off
much more than there any essity for. Their
actual value has not deprecated but the contrary
In every element that constitutes aud
rinsic value railroad stocks generally have improved
Aneh afe eAceeoinBy large, snow great
Increase on those for corresponding months last year
There will be no dimnuton In their dividends but on
The contrary increase In the aggregate The crops
throughout the country have been immense, the rro-
ducons Of the soil having been greater than
known; and when the surplus begins to towards
the seaboard every railroad and canal every channel OF
transportation must be tested to its utmost capacity
Private and public works OF internal Improvement must
be most productive this year and their receipts exceed
the most extravagsnt snticpations In the face Of
this fixed fact We see the market value Of the
stock Of incorporated companies aud OF States largely
interested in public works steadily declining The canals
OF New York, Pennsylvania Ohio Indiana and Illinois
will this give net greater than ever before
realized, and there Q time in the history of
each when their evidences Of indebtedness were in
reality more valuable than at this moment rhs il the
time for far seeing capitalists to step and invest their
money to the best advantage but requires great aagacty
TO properly Discriminate and great strength of nerve 10 at
tempt to arreet falling market In purchasing securities
80 freely offered Every k anxious to get stocks at
the lowest prices and in waiting for further decline
fail to make operations avoraby as thsy desire Hos
long this strngency In the money market will continue
more than the most experienced In these matters car
tell How long such opportunity at present exists
10 get the best securities the Mt lower prices
than have ruled for many months, Ia than We car.
tell but We 40 know that invest can now be made
that viii give annual returns upon capital greater than
esnnot be exceeded In any country the shed II,
liz