Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-04-29
MONEY MARKET.
Tuesday, April 2s--6 p. NJ.

The Great Western almost daily expected aud there
10 but little disposition to ererate until the receipt Of her
The transactions the stock market continue to de-
and the stock list very shabby
The of sales Of ances and the nature Of the
tons such scarcely to excite interest beyond the small
circle imme dstey interested in the daily fluctuations The
Of capital employed In stock operations exceed
ngly small To-day at the board there little
closing prices. Delaware and Hudson improved
per cent North Am Trust and Banking Co. per cent sto
niugton per There lit demand for Long Is
nd Railroad in Of the bill passed by the lGss
ore Cor the assistance Of that work The podu
the 6rmncss in sonngton. There sales OF Ohio
per cent stocks at co. Old Corporation bonds brought par
We have observed the market bills of the Still
water Canal Bank, Orono Maine, dated 27h March,
This b,nk capital Of $4,000 In January last returns
not given in the report othe commissioners and the bills
par discount in Boston The appearance of these
bills here has very much the air Of swndng operation BY
being forced of preparatory 10 entire explosion Of the
They probably not worth cent the dollar
Uncuent generally and the rate Of deosn,
still has atcndency TO decrease.
Produce begins in the market aud unless the pur
thassrs from the country increase every obabty
exchange will be against the city before long This will then
require, according newfanred mode Of legislation that
city banks be required 10 redeem their every
In the state. The quantity Il produce with which shores
lakes lined find before purebases are
renewed The Indebtedness Of the New Yoh
city win consequently be greatly reduced If squared off,
and many sections Of the state viii have balances their
favour.
currency Of all the specie paying saie but the
ofgctng thing from the suspended districts must ueees
sariy prevent the Tanks from extending hemseves The
banks Of Phladepha do absolutely nothing EXCEPT in ire
dscmabe paper When checks presented from their de-
rostors embracing Ices than dollars the banks re.
quir that the balance Of FIVE dollars shall be paid 10 IN.
specie Otherwise ey refuse TO ray th. check, bot ark
good This the resalt OF Les living rogpery. That
has he effect ofshakine the credit those very BANKS
meant to sustain.
loan from the u. s. Bank, Ssisssr 80
Morris Canal Bank, leSs,6s2
fetal due, sAis,a5s %
The due by the Morris Canal aaneed by the
United States Bank The affairs OF that eo,eern have fallen
into such dscred Of their nonspece paying
policy that the Legislature Of Michigan became Justly alarmed
for the safety OF the balance AMI have passed the following
law
10 suorin the IT.. Of The State TO take further
security Tor the eve million loan
Section N enacted by the Senate end House OF Repre-.
sen,stves Of The State That the
state be- and h. hereby authorized required 10
whether a. Iorton Of the balance b,coh ing up the five
non loan we'll secured and take such A.
security of same, and 10 employ sur e. upsI % nav he
Necessity and the Auditor General IL hereby suborevd 20
bis warrant the Treasurer Tor The amount the
expenses carrying the PROVISIONS of this
Ibis act shall take effect be IN force from and
HrfsovsD, March al 1890
"a true copyD TBoMss ROWLAND,
secretary Of state
Thess stocks part Of those now held w IN. Roshsehs
az security for the a. g. Bank dbentus now ON sale IN The
London market.
The suspended Banks throughout ,e South sr pot~ite