The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-04-17
FINANCIAL AND CONNER GAL.
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MONEY MARKET.

SUNDAY, April 1879. NJ
Since the arrival of the last steamships from Liverpool
we have had steadily improving stock market. The
fancies all closed yesterday at advance and from the
Gales should judge that the shorts buying in for
delivery on their contracts They wise in doing
We noticed yesterday greater difference than usual be-
tween cash and time transactions which would indicate
more stringent money market but we put different
construction upon it, There 10 general dislike the
part Of the brokers to purchase stock for outsiders
time, buyers option in times like these, and they only
do where it cannot be avoided Sellers do not like these
long buyers option when financial affairs disturbed,
during periods of public excitement and where such
sales made purchasers have to pay wide difference
and it is no more than right and proper that they
should Spectators time, buyers option have the
benefit of all Improvements in the market at very
little risk and the brokers perfectly right
in avoiding such entanglements much as possible.
There was difference in the street yesterday Of full
one per between cash sales and those days.
buyers option. This margin during easy money mar
ket Is rather unusual 1t is difficult under existing cir
cumstances to propose safe Of action 1t un
dsubtedy would be the safest policy to enter moderate
ly into the speculative operations Of the day On the
other side Of the Atlantic everything in an unsettled
condition. and the present generation of fnancers and
merchants have had little experience In such times.
They know practically little of the effect of upon
Of its results Opinions consequently differ widely upon
the question: and to this want Of proper understand
ing can be attributed the violent fluctuations which have
occurred in Europe in quotations for public securities
in breadstus and cotton. In this country we have by
no been free from the changes in market values
Breadstus and cotton have been comparatively quiet
but stocks used largely for speculation have moved
up and down like che mercury in thermometer Several
pancs have seized upon the public mind, and had
hosties been in active operation the St. Lawrence
instead Of the banks Of the Danube, the effect
the stock exchange could not have been disastrous
Fortunately nothing but the fancies suffered While
consols and the French funds fuctuang violently,
United States Skies and New York State stocks remained
firm at the highest points Of the market few railroad
stocks upon which dividend has been and proba
bly, will be- paid the market value Of which depends
entirely upon the small clques of bulls and bears who
buy and sell them have fallen per cent and are
still selling for great deal than they worth
Now, have yet to learn what in Europe the
price of conso at the London Exchange have to do with
this trash called fancy stocks operated in by few spe
culators in Wall street 1t is really amusing to the
anxiety these spectators exhibit learn the quota
tations for consos and the advance or decline
has upon their movements. We do not see any
connection between the price of consols and
the great local interests of this country and it is full
time for the explosion Of the absurd ideas entertained
upon that subject We should not be alarmed to see
consols run down to fifty per cent Our vast prares
would continue fertile, public works produc-
tive internal resources in every particular as great
our manufactures active, at this moment and
is question IL the that produced such depreci
alton in that class Of securities would ultimately
prove OF immense benefit to all most important local
interests We have in reality nothing to from the
position Of public affairs in Europe and instead of being
alarmed at the gigantic preparations going on for pro-
scouting protracted war; should hold ourselves in
readiness to enter the channels Of that will be
opened to shipping and become only the carriers
of the world but the from which the vast popula
ton of the continent will derive their supplies Of food
and other necessaries Of life.
The steamship Arctic, at this port from Liverpool.
brings four days later intelligence The news is in
commercial point Of view rather favorable than
that by the previous steamer. Breadstus and cotton
were firm, at previous quotations. with an active
market. Consols had improved, and an advance of x
per cent was realized but afterwards uctuated consde
rably up and down, and finally settled at s61< and a.
the highest point touched since the panic
The quotation Of gold at Paris at the latest date was
about per mile discount according to the last ari
which, at the English Mint price OF CO IFS 10I,d per
o. Tor standard gold, gives exchange Of 250e and
me exchange at Paris London Mt short being "a o. Il
mat gold Is about o5s per cent dearer in Paris
inan N London. by advces from Hamburg. the price
:" gola was $40 per mark, which, at the English Mint
p ice OF ~ us lod per for standard gold r,yes
IN Hehange OF 1925 and the exchange at Hamburg an
Lond n at short being 3l it follows that gold Is O 40
per tdearer in Hamburg than in London This sbos
that the Grain OF bullion for the Continent has not vet
ceased W financial accounts DO not differ mater,anv
from those ecoiscd BY the America.
The atlantic Ssn2s eSuy syE 80 ouch .yeele a. an.