The New York herald., 1867-04-23
FINANCIAL 'ANp COMMERCIAL.

~S- MONDAY. April N-oP.M
The railway Share market developed considerabl,
zeDgth to-day until late in the afternoon. when re
con Of about onehaf or one per cent nom tho pre.
ious advance took place. The low prices a which mos
the leading stocks arc now sailing are attracting The
senon Of capitalists; but while they observe an ab.
ence OF speculative activity on the Stock Ex-
mango, they are disposed to defer their purchases
, the hope OF buying them still lower Those who
AT ior lower depths to be reached hswever stand in
niger OF having % climb ladder in order to attain
ier OBJECT The majority Of the members OF the Stock
xchange are bears, except at intervas all the wear
pund on the principle that most Of the money
ut into Wall street by the public win eventually
lost in . decline, by which the bears will be
20 sole ganera In other words the professional
are tho cormorants that devour the substance OF
appointed spe5alatpy fQr rise and eat up the har-
st sown by Others 70 Be bear, therefore is in the
ng rum usually moro profitable than to be bull; but
tide cannot run way forever. and As every dog
his day, that Of the bulls may reasonably be sup
peed TO be near at hand after the long reign
the bears which We have witnessed. Moreover,
1t is the business Of the latter deprcciae the value
other peoples property and excite distrust and ap-
ohenson generally, they infict injury upon the COM
Unity and their efforts should therefore be resisted by
pitai and legitimate enterprise. Had 1t not been
Il the bears on the London stock Exchange
= financial panic OF last year would never
we taken place, and the bank failures, which
nied destitution into thousands Of previously
Pulent homes would have been unknown These men
sorted 70 to accomplish their own selfish ends
hch discreditable and injurious as those Of
slanderer and the burglar, and they filed their own
Pckets as the thief fills his, at the expense Of their
|ctma bear speculation carried to such an extreme
as much robbery in principle as an open theft,
I'd whoever labors to aggravate financial COM
erciai depression to foment panic for his own
neft Is public incendary, whether he is found in
,mbard street or in Wall street.
The supply Of money available for use on the Stock
kchange continues very abundant and loans made
eely mixed colaterals at six per cent with excep
pms at FIVE, while on governments the general
te Ia ve and in instances balances are left with
10 large houses at four The drain OF currency from
interior still continues and will be like to do SO for
|nsiderable length Of timc to come. There il no
,ange to note in the discount line the supply Of first
ass commercial paper being rather light, while the de-
iand Is good at 61 7per cent.
Tho statement Of the associated banks for the week
idng saturday last reflects the prevailing condition
monetary affairs at this centre The receipts of cur
ncy from the interior have swelled the deposits to the
ttent of 81 020 besides augmentng the balance in
he Sub Treasury about three millions The legal tender
ptss have increased $s s94 401 owing in part to the
me cause, while the specie has undergone decrease
81, 2S3 694, OWING to Withdrawals for the payment
customs duties The dulness Of business
! the stock Exchange Ia shown in the decrease Of
.S4o,447 in loans. The only other change is trifng,
|imely-a decrease Of $50, ,47o in circulation. The
tails Of the present and previous statements arc Is fol-