The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-09-12
FINANCIAL AND COMMERCIAL.
NEY EFT.

6lNpAf, september ll--o T. NJ
The stock market during the past week has been toler
bly, active and the tendency Of prices has general
thing been upward. The money market continues with
out any material alteration, and the banks along
steadily in the they marked out curly IN August
Although the contraction has been only to moderate
extent, the demand for money has been quite active
The check thus exercised has been healthy AMI
we have doubt the effect will bs most beneficial.
While this contraction has been going the banks hare
been Strengthening themselves BY Accommodations Of
specie and they probably in better condition
than they have been before for many moaths. The
season has far advanced that tie potatons mu7t
fail off. This will Prevent any increase in the
deposits in the cub treasury at least and may lead
to its depletion This viii help the banks and
the morey market generally. Independent OF
moderate drain from the Independent Treasury,
the receipts from California are likely to remain
among This will be much additional strength
the banks collect the prssous metal from all sou ces
they viii extend their district line aud may afford all the
facilities the community require The banks have now
upwards Of eleven million OF specie in hands, ard tia pro-
liability Is that the weekly returns win show gradual
increase. will, We trust be long time before the
facilities fer fancy stock speculation again as album
dant they have been The banks discount literally
to the mercantile classes if they will not exhaust their
IIes upon bypothecaLed stocks. We look for pretty
st ipgent times for perhaps weeks longer bu. we are
slowly and steadily approaching easier state Of things
and shall without doubt at very remote period
be again in the midst of another speculative excite
nent. Within the past two years we have ex perencsd
several reactions in our progress, and for time pretty
serious endorsements have been realized The effect
in each instance has bsen wholesome and the tendency
has been to put Off if not to prevent altogether more
serious revulsons.
The seven RACES Of Gotham still loading them selves
with piles Of Erie stock in the anticipation tina. they
will find greater fools than themselves buy at higher
prices, after they ha make their report Of the com.
paHys earnings and parsin onious economy Bu. when
have such expectations proved true in practce The re-
port WILL without doubt, be most ring; this Is re-
solved BY certain portion Of the drecore-by those
in the rise Of the sock-but venture to
dict that when tie parties shall attempt unload them
selves that the fall will crush the concern This has al
ways been the result Of stock combinations The loans
contrac, aud obligations Of the operations must sooner
LATER coma to point and when this crisis arrives
then look out for squalls
The steamships Star of the West and Illinois have
brought nearly three millions OF gold dust from Cafor-
MIA while less than half million, in coin aud bullion
has been exported. This leaves large balance in our
favor. The exports have been as annexed -
SHIPMENTS SPECIE FROM THE PoRr OF New YORK.
BY brig Chataw0rth for Maranham, Am Gold sos 900 90
eAaaVua f,nM arJ fn.p Ar.., n.