The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-04-12
ri q " Il Y NJ A IL X 4 II.

SUNDAY, Apru ll-S L. VI.
At the close of the stock market yesterday. the ten
dency Of prices upward with active demand for
all the leading ancics There appears be abatement
in the speculative excitement; but the contrary,
prices advance. purchasers become abundant This
is usually the case and parties who hesaed about
ing in while the market depressed take hold with
avidy at the height Of the expansion This enables those
who entered the speculation early to find customers at
high prices and realize profits For long time outsiders
held back and holders in the street fearful that all
the imitation would amount TO nothing Perseverance,
aided by facilities furnished by the easy money market
finally turned the tide favor Of holders and they have
within the past week been relieved Of large amount Of
stocks. Jorkor time, will have favorable effect 1t
is for the Of brokers to keep up the excitement,
and to encourage outsiders much possible. The
amount of stocks yet in the hands Of street operators Is
much too large aud much wider distribution must DO
made before the tables be successfully turned The
reluctance with which outsiders have forward
PEELED the brokers to keep the imitation steadily in notion
for without creating external demand all their pre-
vious efforts would have been in vain Fortunately fish
have commenced coming into the net. and we have
doubt pretty good haul will be made As a the
bulk Of the ncies has been put upon outsiders and the
regular brokers short instead Of long, shall
different state of things in Wall street As the
brokers have sold out aud many Of them get short
high prices their game will be to deprcs the market and
compel outside holders to sc at the depreciation To do
this they will commence calling in all loans made
fancy stocks, calling for wider margins time
purchasers and by setting ip operation that
chinery they know we'll how to manage which
must ultimately bring about the desired result. The
system by which mutations and contra in the stock
market produced is perfect and works admirably
The state Of the money market has not much TO do
with these things is generally imagined. An sbun.
dane If mon Of int
very necessary 20 create expansion but have not
much influence In preventing contraction. The steady
and rapid advance which has for some time past been
realized in nearly every fancy stock the list must
later be arrested Most OF the purchasers In
the market buying to sell again. Mort OF them
locking for profits but very few will actually realise any
Where nearly all buyers, those who have the good
70 cell at al events something Az but few
fncce taken out Of the market by capitalists for In
vestment IL follows that the accumulation Of large iots
ofocks in weak hands high prices must ultimately
break own those attempting to carry such dead weight
and when they give way, thore is no medium odgmcnt
but down they 80 TO the very lowest depth Then oil
sellers and none buyers One oxtrpme Is pretty 10
follow the other.
Will be seen reference TO the transactions NJ tho
second board yesterday, that the most active stock
theist was Harlem There salcs at higher prices
than have before been touched years We have FREE
qucnty remarked that this stock was unwarrantaby de-
pressed that 1t inrinscaly worth moro than
selling at and that IL the best Invest
mons Of the daya current rates Since that Il has al
vanccd considerably, and viii we have doubt steadily
up to it, proper place in the railroad stocks
The receipts u this company for tho month Of March
1852 amounted 70 so "a H. ast tl2 els 10 for tue
month last year showing Increase FOR The month
63s 2cqual 20 fifty per cent must however be
borne In mind that IN March this year tba road was opon
through 70 Albany while in March La, year IL only
open TO Dover Plains. 1t has long boon belief that
the stock OF the Harlem Railroad Company was worth
dollar Tor dollar moro than The EIic time will with
out doubt. confirm the correctness Of position. The
Harlem is destined 10 do largo busine.s II is free from
ccmpetition rpd ~ osa yntks a!opc viii sustain tbs