The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-04-25
FINANCIAL AND COMMERCIAL
MONEY MARK EFT

SUNDAY, April 24--6 r. NJ.
At the close Of the stock market, yesterday the ten
dency of prices upward, pretty active demand
existed for most OF the leading fances The of
stock Offering however, large and there appeared to
be more anxiety the part of certain holders realize
than the part of other parties to purchase Prices
current at the close yesterday compared with those
ruling at the close of the previous week. show general
Improvement, and in stocks the advance has been
great This has doubtless enabled many who have
for time past been large holders to realize and
tire for time but We do not understand upon what
grounds purchases have boon made present prices The
rise has Of course been entirely speculative but par tics
who have involved themselves in the upward movement
must have done with belief however vague that
operators of more sangune temperament would in turn
take their stocks at lighter prices If could get at the
motive which governs spectators in times like these we
should find that nothing but the hope of finding indvi
duals who would take their supplies at profit in
duced them to purchase. So far as tho value of the
stocks is concerned, that is matter apparently
Of very little consequence. The question is hardly
asked, and one seems to Spectators get an
idea that prices ought to go up and If they are
strong enough and get money enough they them
up The position Of certain fances may aid movement
Of this kind but sort Of sympathy exists among these
sensitve securities which favoraby influences the entire
list In this way, spectators driven first into
fancy and then into another, until they get than
they carry, and the whole come tumsing down to
gether. With two exceptions fancy stocks remain
unchanged in actual intrinsic value Most of them
worth than they three months SINCE when
they from Eve to ten per cent lower and the proba
bity Is that within the next three months they will
recede again to their old starting points. We have
faith in the present rise. has foundation 1t is
rey speculative and the speculation limited in extent
1t is wholly ocal-not extending beyond the limits of
Wall street. Every per cent advance brings out hun
dreds Of shares Of stock without increasing the number
Of buyers. This weakens the movement at times when
it appears the strongest; and it usually ends
later, in sudden collapse 1t is possible that amidst
this general imitation there instances where real
fde at work. operating favorably to that
end Where such exist, look for an exemption In
the great crash. They may be sustained but viii
escape slight temporary depression.
The expectation Of specie from this port for the week
ending and including Saturday. the 23d inst and for the
year, has been annexed -
SHIPMENTS SPEcTz FROM TIE PORT OF NEW York
Brig Robt. Wing. b. Ayres douboons Span $3S TIA so
Schr. Mary Clark, Jeremie, st Dom, Am gold 500 90
Brig Eliza Waite. Neuvitas, doubloons Span 3416 90
Steamer Europa, Liverpool specie col 200 90
Steamer Washington, Bremen, Am god&.ilver $4,000 90
Do. do. do. 25474 co
DO. do. francs 3,s09 81
Total, April 16 TO April 23.......... s303 ia o.
Previously reported 3oS6717 10
iotal IoI Sjos5,o5l IL