The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-02-07
FINANCIAL AND COMMERCIAL.
MON EY NJ AR X T. r.
SUNDAY, Feb. &c p. M.

SUNDAY, FEB. 6--6 L. Nj.
AT the close Of the market yesterday better feel
ing was visible. Prices at the second board were
well sustained and there was quite an active demand
for all the leading fances There are indications OF
an improving money market, and it is the general
impression that abundance and ease will soon be as
great as ever The advance in the rate OF interest
by the Bank of England will not have any effect on
this SIDE II will not restrict the supply OF money,
but, on the contrary, tend rather to increase it.
eight temporary check may be given to speculation,
but st will give greater impetus to the real egiti-
mate operations of the day. In the most important
matters the news from Europe by the Canada is IA
vorable. The cotton market was firm, and the pros
pect ENCOURAGING This is sufficient to neutraze all
unfavorabe indications and place our trade upon
sound, healthy basis The slight distrust in the fu-
ture, which has been exhibited in financial circles
during the past two three weeks must have very
beneficial effect. In cases where speculation had
become too rampant, it will restrain the movements
of parties directly engaged, and give them
an opportunity to pause, and reflection will prompt
them to be more cautious 1t is one OF those
healthy desirable reactions, which tend materially to
nut off and moderate revulsions In some things we
have been progressing too fast. Speculation in many
instances has increased with wonderful rapdity, and
the public mind was becoming 80 excited that few
months would have sufaced to bring about an infa-
zion in prices and in operations that would have re-
aured very serious contraction in the money mar
ket to have arrested brought it within reasonable
limits again. We must therefore look upon these
pauses-these periods Of distrust these slight waver
ings in public confdence-as healthy movements, as
being actually necessary for the preservation of
proper balance in financial and commercial affairs,
and proper regulation of the machinery Of trade.
Without these occasional ulls, we should soon be in
yolyed in the most reckless schemes, in the most
desperate operations, without stopping for moment
to think Of the inevitable efect and the first thing
realized would be the fact that all was unreal, all
visionary With the frequent admonitions these re-
actions give fnancers and spectators the difficult
ties which would otherwise be experienced are in a
measure avoided and the temporary depression pro-
duced gives an opportunity for operators to recupe
rate their energies and gather their resources for
return of active and more healthy times.
The expectation Of specie from this port during the
past week, and for the year, has been as annexed
SHIPMENTS or SPECIE IRON TIKI PORT or NEw YORK.
Ship Margaret Eliza Bremen doubloons.. $l721o
Brig Ariel, Australia, English gold ...;..;;.. lo0
Schr Chas Roberts Sagua La Grande, doubloons LILO
Steamer Baltic, Liverpool, English gold. 10000
Total, Jan. % to Feb. 3D.. $le5 OS5
Previously reported 744679
Total for 1853. sac 7e4