The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-03-14
FINANCIAL AND Coau1OAL.


SUNDAY, MAreA lS-6 4. M
At the close of the stock market yesterday little
better feeling existed and holders Of stocks generally
were in better spirits We cannot see any cause for
this, for we do not see anything In the immediate
perspective calculated to create much buoyancy, or
even to give hope Of better times We are by no
means out Of the woods, and we know not how soon
again the note Of alarm may be sounded. So far We
have only been slightly scorched, and 1t may teach
us to keep our fingers out of the fire, at least for
time. Contraction and retrenchment is the only
alternative, and has been pretty generally resortsd
to. Unfortunately 1t was out Of the power Of many
to draw in. They were SO much extended-so much
out Of their depth-that the only way was to make
the best Of their position and submit to the enor
nous shaves extorted from them by the Shylocks Of
Wall street. Whether they will weather the point
or not is question which few days or weeks will
solve. The commercial classes are short-very short
Their extension and overtrading has been the direct
cause OF the stringency in the money market, and
the brunt OF it falls upon them. Stock spectators
have suffered some, but they have been easy COM
pared with the mercantile classes. The immense
quantities of business paper which the banks have
been flooded with during the past two or three
months and which was taken on discount so long as
the banks had q dollar of their own and that of
their depositors to spare, has been floating about
Wall street, and much of it sold at heavy shaves.
The offerings at the banks continue very large but
very little is taken. In the event Of the marke
easing up little, the importers will commence their
spring remttances when shipments of specie must be
made This is the next difficulty we shall have to
encounter, and it may be a very serious one. The
prospect is so unfavorabe that one exhibits any
desire to extend their operations in stocks or any
thing else. The surest safest course to pursue is
mastery inactivity" Those who are not involved
in the speculative movements of the day Who so
restricted in their business that they can calmly look
on and see the contortions and writings of those
who have recklessy placed themselves in the power
of money lendershave real cause for congratulation
Unfortunately, they compose but small portion OF
the commercial community
Accordingte the European advices brought by the
Africa, American stocks were in great demand on
the other side of the Atlantic probably owing to the
unfavorable position of Turkish affairs. The COM
mercial reports are of rather cheerless character
both cotton and breadstufs being greatly depressed.
The shipments of specie from this port this year,
up to March IL, inclusive, have been as annexed
SHIPMENTS sPEcR PORT New YORK.
Bark A. B. sturges, St. Jago de Cuba, sp. doub-
Steamer Arabia Liverpool, Am gold ..... 2l5, 900
Brig Ann Merritt, st. Johns, PR. Colombian
Brig Trenton, Gonaives Am. gold. SSI5
Steamer Humboldt, Havre, do. ...,.......... 1860
gold and slver.... 49, 900
Total March to March 70. .............. $3.50 80
Previously reported s78 $40
Total for 1864. 50 les 800