Los Angeles Star, Volume XI, Number 44, 8 March 1862 — The Stock Market. [ARTICLE]

The Stock Market.

There is a discussion progressing in certain newspapers in San Francisco, regardiug the prospects of the stock market. It is stated by one correspondent, that " most of the large ranches in the lower ennntipa h«uu AonnoJ «""* «f<>onn» owners will not be compelled to sacrifice their stock to raise ready money." We quite agree with the writer, that " present holders will not be compelled to sacrifice their sUtck to raise ready money j" but the Intelligence " that most of the large ranches in the lower counties have changed hands during the past year," is new to us, as, we think, it will be, to most of our readers. However, what we have to do with, is, the impression which seems to prevail iu the upper country. that cattle will be driven from the Southern counties and sold in San Francisco fcr four dollars a head. The loss of cattle throughout the State, at the lowest estimate, is 150,000 head. Will that loss, cause the remainder to be sold lower than formerly ? By killing the cattle at home, a standard value has been established, even iu the absence of demand ; we do not think it is likely, therefore that holders will drive their cattle two, or four, or five hundred miles, and then sell them for less than one-half what they can realize at their own door. Latterly, the stock market in this portion of the country, has been in a depressed couditiou, but we think the prospect is decidedly brightening. It certainly is uot made worse by the withdrawal from supply of so large a number. While jobbers and purchasers from the North need not expect to find in this market cattle for the mere driving off, yet we believe they will find it to their advantage to take the opportunity of the coming season, which promisee to be more than usually favorable for driving, to increase their stocks, or to supply the butchers.