The New York herald., 1871-03-20
RETROSPECTIVE.

II.
[trom the NEW YORK HERALD, Jan. 8, 1871.
There Is . sort OF sober secoud thought coming
over thc mnns o. capitalists 10 the real situation
o aialrs m the country and the conviction is grow.
iny strong chat the 'bears' Overdld their IN
/ representing everything IN 80 gloomy a light during
/ their recent violent attack upon the stock marke.
Especially ~ Tie feeling Increasing when II Is
Inein5erea that the authors OF the current defama
| tory theories OF the financial situation we're
coInuon was selling at 81, Northwest preferred nc
| los. Rock Island at l26, Lake Shore at lo2 New
York Central at l02. Reading al loo ohio and Mis.
slppi al ~ hs stock they said was going TO 75,
and -. Paul common at "a, The very men who
preached the purchase OF stocks al the above nguIes
were ling the public few weeks ago TO sell
| Northwest common a. G7 Lake shore 81 GOA, New
YORK central III $685. Ohio and Mississippi at 26is
aud s.. Paul ~ 4sss. There is a hackneyed joke III
wall street about selling stocks when they are hign
ana buying them when they are low. Inc philoso-
piers who lecturlng ihe public ON the sub
Ject " The Immense demordllzalion OF moneyed in
yestnen's give the public advice exactly the con-
trary o. that contained IN the familiar old Jest OF he
street.
From the NEW YORK HERALD, Jan. 10. ISL.
The present low prices OF the dividend paying
stocks challenge investment, and money il slowly
gong INTO them. Hence we stall probably find,
from day 10 day, spasmodc rises as the entire Janu
AIRY interest comes upon the street. II the immense
amount 10 be disbursed-esi,matcd at nearly
ssOooO oo0is not all reinvested the balance viii lie
IN the street Tor the use of such speculative co abb
nations as may choose 90 employ u IN furtherance
oi taelr plans.
From the New YORK HERALD, March 3, ls71.l
Tue attraction OF the streeJ still ccntres III the
STOCK Exchange, and the progress OF business
thai department develops new features of interest
eyefy day ihc SPECTATORS VINO last winter thought
the short road TO wealth lay IN selling the stocks Of
other people are IN great extremity now that people
are willing - pay so much more for these stocks
than they hurried 10 sell them IT. When the HERALD
al that time warned the public mat prices were
.'harl PAM Il was only giving advice derived from
Il knowledge that the brokers' Offices We're flied
with orders TO buy for investors, who knew that
prices were depressed by speculation lar below
WAS given ma IN ,ns con the e arSe lu n ayance
from ave 10 fifteen per cent (Malch 81 The present
natural reaction Is assisted by The exceedingly hope
I'M promises OF u prosperous season III business
throughout tue country, for which the indications
are strengthened Ivy the cessation OF The war III
Europe ana by the prospective speedy adjudication
Of the Aabama claims and the removal OF all obsta-
ces TO The further progress OF our career great
matchmaking counIry Not the least Significant
feature Of The time IL the retention this side OF
the Atiantic OF the vast sums OF foreign capital
which II was supposed would go back 70
Europe on the return OF peace. At present IL
would seem tnat not only will this money remain
win ns, but that numerous enterprises for pr0cur-
ing capital IN Europe which was suspended 10y the
will be revived with The effect OF bringing still
larger amounts OF foreign wealth INTO the country.
Considering the various circumstances attending
The present situation It IS not dlcult 10 understand
the extraordinary activity ana buoyancy OF The
STOCK marker. Easy money and prospect OF an
abundant supply for the rest OF the spring and
mer the ireer speculative movement In commercial
circles; The revival OF trade the changed current of
the leeng in real estate operatl0ns the early splng
promising as II does abundant crops and speedy
recall 10 employment oi all Tue various industrial
classes: ana the settlement OF the great IN En-
rope, influences combining 10 render the public
mlnd cneeriui and confident.
PRICES THEN AID NOW.
Since the above was written We have had tie in
PRODUCTION OF the new loan by secretary Boutwell,,
whose plans i; is confidently reported contemplate
If necessary partial redemption OF the outstanding
fve-twentles IN order to make market for his new
bonds the following comparison OF prices last
winter and now VIII show how correctly the HERALD
Interpreted the signs Of spring rse III the. stock
market:-