The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-04-19
II ION ny MARKET.
SUNDAY, April 1872. N.

SUNDAY, April 16-6P N.
During the past week there has considerable acti
witty in the stock market, without developing any new
feature in the speculative movement All the leading
railroad stocks have been in demand prices have been
steadily moving upward The expansion has a much bet
basis than generally anticipated from present
appearances should judge that would be consdera
bly, greater before subsidized The disposition to purchase
continues active holders generally exhibit no anxiety
relative the future Money is likely to decrease in
value the dull approaches; and long such
q supply Of capital is in the market 1t viii be difficult to
bear fancy stocks with much effect The earnings of our
railroad companies from north to south, show satisfc
tory increase compared with corresponding months last
year the prospect dividends equal to those previously
paid continues good.
Quotations for stocks although considerably expanded
do not range high those current twelve months
since Notwithstanding this, funds unduy inflated,
and rule considerably above the intrinsic value of
shares for investment. As encouraging this first
statement may be to holders, and confident they
may be that there still margin for further imitation,
they must not lose sight of the fact that the present spe
culative value is far above the actual bona fde
value, that the chances decidedly against them
that twelve months since there reckless
in the public mind, regarding all sorts of spe
cuations which has been checked by the numerous
large failures and that OF means, and out of debt
more cautious. disposed 10
deeply in the bubbles Of the day Another why
the present imitation has less strength and is of
uncertain character than the referred to- is the fact
that different class of operators concerned in it,
All or nearly ALL the strong engaged in the previous
expansion have withdrawn They sold out at the of
he market and withdrew entirely from the field of opera
tion leaving it clear for those whose appetes had
been satisfied The influence of the party which so
successfully managed the last bubble is turned
wards depreciation of prices and general depression
the market. Connected most of them with the
management of the finances and traffic department of
the leading railroad companies it supposed they know
something about the actual value Of the stock of those
companies; and the fact that these daily selling
the stock short in anticipation of DECLINE is pretty
good evidence that prices considerably inflated and
that sooner or later there will be rapid falling of in
market value.
The steamship America, at Boston, from Liverpool.
brought 500 $40 in specie This looks though the tide
had turned.
The total value OF the foreign exports Baltimore
for the week ending Thursday last, amounts to
movement in breadstus-viz: 36,930 barrels of flour,
1882 bushels of wheat 100 bushels of 1856 barrels
Of corn meal. and 49, barrels of rye -four.
The steamship Arctic from Liverpool brings four days
later from all parts of Europe Quotations for cot
ton still tending downward and the market
more depressed than Mt the sailing OF the America.
Holders anxious to realize the result probably
of the large receipts Of the material from this side
We have change orcpor in the market. Buyers
cautious. and holders disposed to make
concessions. Trade in the manufacturing districts
tinued anguid The demand from the United States
had fallen off very much