The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-09-18
FINANCIAL AND COMMERCIAL.


SUNDAY, sept. lI-0 +. NJ
The stock market during the psst week has experienced
most violent fluctuations The bulls And the bears have
each had turn at the bellows, and both have blo~n
pretty strong their own way Erie has been the great
rock upon which both parties have Split but the proba
bihty Ii that have got the worst OF it. The nfa
ton early In the week, produced entirely by certain
sques Of Spectators who large holders at much
higher prices and those who foolish enough pur
chase under the belief that the advance permanent
about for the purpose Of enabiog the most
prominent spectators to get out without loss This rise
has been solely with such view, bat 1t could not
ned far enough. We cautioned outsiders about IT, and
exposed the movement for the purpose of preventing
psrchass at prices which could not be sustained Tbs
result has been precisely predicted On Saturday,
the I'd Of September Erie so at 80 per cent Saturday.
September 8, Al per cent, and Saturday September 10,
An per cent Since Saturday the 9th inss the stock ad
vaneed from Al to 40 per cent and has fen from 40 to
Az per cent These fluctuations sufficient to show
hsv has been moved and they should deter outsiders
from touching the stock in any way. The whole market
has been influenced by the operations in E favoraby
unfavorably. Afew days since AL the fAncies
moving up together. Yesterday they all moving
down together and the probability is that before the
eloss Of the present week. they viii all touch
points Independ OF the which exist why
tain fancy railroad stocks should rule much lower in
Asrket value, thefe other reasons why imitation
in prices cannot continue for any length Of time
under the most extended al thorough combination.
Our internal financial affairs by means in
favorable condition. and the future from
sious apprehension. Our shipments Of specie have
reached alarming extent and likely increase.
Our homo supply Of breadstus is likely to bs sufficiently
limited to enhance prices for domestic consumption and
cut of our expectations almost entirely. While
ports in the aggregate win whou. doubt be largely
reduced, our importatons hseiy to DO unusually
largo Cheap prices for food in England viii stimulate
Of AL kinds Of fabrics aud the mAnufa
tursrs the other de generally look 70 this country for
markets for all their surplus produces shall probably
End the present system Of forcing sales through
tcn houses Q hxed fact for thao Tho
country at large Is deeply IN debt Iodiyidua's COM
Ianes corporations and States all involved
less, beyond their available Of payment and
must undergo the process Of eonrs and liquidation
This must tend materially to the reduction of actual
consumption, not to the supply Hardly section OF
the country has been free from disaster. Freshe.s
pan.cs, fires, drought disease hurricanes blight, mil
dsw and rot something else destructive to life and
property, have swept the land spreading desotn
and despair in its course and the effect upon pros
pery Of ell classes cannot be otherwise than Of an I'm
favorable character We must go cautiously and care
fully for time until sufficient strength TO
again enter upon enterprises, complete those
partially constructed, and make all productive Too
much Of the capital of the country is looked up
Improbable, unproductive fpeculations, and uut we
male them available, by economy and industry
replace it, we shallfeei ita loss.
The following il official report Of specie exported
fssm this port from September t. September 1884,
inslasiEe--
SHHMKSs or SrTcR FROM THE PORT NEW YoRE