The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-03-15
FINANCIAL AND colnnRC1AL.

MONDAY, March ll-6

MONDAY, March ll-6 Pm.
The market opened active and buoyant this morn
fng and the bears put out contracts freely, buyers
option, or any way purchasers pleased. All the
lowest class of fancies experienced the greatest in
aton, and the probability is that the next reaction
win send them to depth lower than they have
touched yet. There is no foundation for this i'm
pr0yement IL is merely the result of a movement
on the part of the bears to give them better
gin for depreciation. Money is but tribe easier
than it during the whole of last week. and there
decided indications Of any improvement of con-
sequence We should not be surprised to see the
iancies work up two or three per cent more. 1t
would be better for the bears to withdraw opposition
for time, and give the bulls all the rope they will
take The more these worthless stocks are inflated,
the greater would be the decline and one result fol-
lows the other just as sure day follows the night
Amidst all the contraction in the money market
really good stocks have not varied much II is only
those which depend entirely upon the ability of spe-
culators to carry them that have been at all
affected by the screws put upon the money market.
Having no real intrinsic value, they are easily In.
fiated, and suddenly collapsed. Operated in princi-
paly by the brokers, they have no particular in
huence upon the financial affairs of the country at
large, AMI their ups and downs affect nothing be-
yond the precincts OF Wall street. Local influences
are brought to bear, when an advance in any par.
tlcuar stock is desired; and an advance is sustained
in favorable times by combinations among brokers;
outside operators are therefore, at the mercy Of the
clique who regulate matters. They are, in fact,
afoat on the tide, without oar or rudier. They
may bring up all right, but the chances are that
they viii not. Spectators in fancy stocks for rise
have all the whole chapter of accidents against
them, while spectators for a fall have the whole
chapter in their favor Not only this but all the
benefit derived from the absence Of value in the
article operated in.
at the first board to-day Morris Canal went up
! per cent Hudson River Railroad first bonds, / !;
Montgomery Mining, 4 Florence and Keyport. IL !;
Potomac, 4: Nicaragua. IL. Penn Coal 2 Cam
beiland II; Parker Vein ! Phenix. 2 Erie Rail
road, IL Harlem, i; Norwich and Worcester, l ;
Hudson River Railroad 7. stonington declined I
per cent. Erie, Nicaragua, and Cumberland were
freely offered, and for time freely taken but to-
wards the close the demand diminished, and prices
fell Of a fraction.
At the second board the market was, under the
circumstances, pretty wei, sustained but The trans
actions were limited and principally on time. The
bears are disposed to sell, time any quantity Of
certain class Of ances, but the buyers not plenty.
and there is no health ia the Improvement. 1t is
weak and sickly and must soon give way. This
afternoon, Nicaragua declined ! per cent; Cnmber-
land Coal j; Parker Vein i; Erie Railroad 81 Phoe-
nix I! Holders OF stocks generally have made great
efforts to rally prices and it will require great efforts
to keep the market where it is. Money is too valu-
able in the street and the demand for it is too active
to permit any speculation in stocks. 1t win not pay.
The receipts at the Office Of the Assistant Treasurer
Of this port to-day, amounted to $2ll ,302 payments
81 0O3 62--balance $6,334 500 As.
The annexed statement exhibits the quantity and
value Of merchandise, other than foreign dry goods,
imported into this port during the week ending and
including Friday, March IL, 1868: =