The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-12-13
M ON Il Y M A RK e II.

SUNDAY, Dec 40 Z. N.
At the close Of the stock market yesterday the ten
dency Of prices upwards At the first board there
active demand, and several of the ancis which
Sor day two previous had been unsettled, and in
rather ftyerish condition. recovered themselves and
took turn upwards The reaction realized in of
the leading stocks has had favorable effect upon the
market and the conservative influence Of these checks
such that their is calculated to prevent those
pancs and stampedss which have heretofore been so
disastrous In certain securities the advance during the
paet week has been rapid to be eay sustained and
the rsult has in many instances been no more
than have anticipated. With but fewl exceptions
the prices yesterday lower than those current
1t the close of the previous week This shows that the in
nation not in reality great it appears and that
parativey, Is quite moderate. As general thing quo
taons for stocks not high Take the list throughout
and there not than three four stocks selling for
much more than they are ntrnscslly worth. Nearly all
The railroad securities low, and the coal stocks
worth their market value Land stocks more uncer
TAIN and may have been unduy inflated and will there
fore be more tubect to grtater fluctuations. Mining
stocks command good prices and with
desirao Die investments OF those the Market
the Uster Lead and the New jersey Zinc the most
prominent and likely be the most productive In
gard to the future value ofmeta mining stocks i'm
possible to form . correct opinion The par value Of
them all is merely nominal. for many Of them may ut-
nately pay such dividends as will raise their market
value to ten times the fixed par value This will be the
case particularly with mining stocks. Results Of this
hind have been realized in Great Britain, and
reason why they should not occur here.
As regards speculation everything depends upon the
money market As regards the supply Of money there is
very little doubt but that it will continue most abundant
II belief that the increase of actual de capt.
tai in this country will be rapid that theI Of in
terest will be materially reduced before fhe lapse OF
another twelve month This must have very great ef
feet upon the value OF stocks productive and unproduc
tive and upon the value of all property of productive
character. stocks giving fixed income will not, OF
course, have large margin for improvement those
which depend for upon the progress and pros
pery the country the income ofwhich Is irregular and
regulated by the movements Of trade and commerce The
abundance and cheapness Of money must ultimately
1ae prices stocks Of all kinds from the current rates.
hut certain descriptions must feel the influence Of the
great and steady secession to the metallic currency Of
the country ard Of the world than Others. The
speculative excitement In Wall street, during the past
month two has been compared those experienced
In previous years. excee dinghy moderstc and when
compare the basis Of the present movement with those
which have heretofore existed the recent imitation has
been hardly worthy Of notice IL matter of as
constituent that The expansion has been limited In
view Of the future wealth and of the country
Five years stock ofundoubed security paying ak
per cent income, will command premium Of at least city
Per cent From this form rome idea OF what the
market value will be for stocks paying eight ten twelve
and twenty per cent per There L. after ALL ess
speeuaton in the recent rise In stocks than most people
imagine.
There will be a meeting OF The stockholders OF ths
St. Lawrence Lead Mining Company. at the Franklin
Ccfee Houte Maiden laoe 70 (Aoaily, DsclS)
sssruo1n at4ccltcs Tor ~ Darppse of TAX ny into
sen,id,rauop he gpsncal an ;uls Of tue ompany