Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-05-01
MONEY MARKET.
Thurs(fuy. ApriI 3O--6 p. M.

MONEY MARKET.
Thursday, April 800 p. M.
Wall rather quiet to-day and has been
This occasioned by the fact that
is the day which the income of landlords changes HANDS III
the shape Taking the Of real estate IN the
county Of New York. which, according to the report oil m
Comptroller ooe and allowing as the ave-
rage rent have aggregate Of about S2ooooe yearly
rent one quarter, So 600 ooo of which payable tomorrow
Thus great temporary demand created The amount thus
temporarily absorbed added 10 the dividends oil institutions
about be paid will be from three millions 10 our ana
half million dollars which will seek an outlet IN Few days.
and have great upon the market The transactions at
the Stock Exchange nce neay the same features az were
yesterday Sales SMALL and at aiurther decline
in prices North American Trust Banking Co. fell of
cent United States Bank per cent Delaware Hudsonl
cent? Jersey Railroad improved cent Sales Of old
bonds made at Exchange ON Phladei
pha rather to-day To-day at the board sales wes
made 81 81 There heaviness in the domestic bill
market generally. Uncarrent money without material
alteration There much doubt to the likely to be
pursued the country banks regard to the
bill; a. yet Lohing definite has been undertaken.
The Wool Growers Bank which started under the law
and ceased operations time since will probably wind
up altogether and be discontinued has now out about
thousand dollars of bills which redeemed at par
az Wall street. and at the Commercial Bank Of Albany This
started BY individuals in the wool trade to ope-
that article the Southern banks do in cotton That
H. with view to monopose the trade, few Individuals
ut together small capital sufficient to start There in
teton then to adv all American fleece WOOL oe
red hands Of specified agent in this city, Hence
its of Wool Growers Bank Independent Of the business
of Blinking the projectors hoped to make large profit on the
the wool thus thrown into their hands 1t >a
dongby the growers of this State, Rhode Island Con
nectie, Vermont and New England generally on small
scale what the United States Bank did by the cotton grow
who shipped their produce to Humphreys Bddle Lii
vrposl This project sted last fall by the refusal Of
the Safety Fund Banks in this city, receive their bs The
subsequent Of the State and the failure
Of the Phadeh banks by causing money TO fall
percent mmediaiy drove home all uncurrent
circulation haa day. The Wool Growers Bank lent one
Of the Vail their bills to off their hands one
Saturday afternoon and the next Monday morning they were
all returned upon them active was the circulation The b
the circumstance of their having been
marked II was this activity differentiation that induced many
the banks pursue the fraudulent practice OF issuing
post This the Wool Growers Bank has not DONE but
there prospect of their being able to MAINTAIN circu-
laton present. they will wind and at present
dceming their bills par above stated Those who hold
them had better send them in at once.
The specuaos who have been getting the post note
banks finding that oSger be practsed
pursuing plan, which may be illustrated by the Of
the Still Water Canal Bank of Maine, which have already
had occasion mention Certain individuals in this city be-
possessed of Alabama bonds and $4,000 fancy
stocks and with purchased the saltwater Bank and received
SIS its bills circulate. They then to this city,
brbed Of the small TO quote the bills at
discount and then proceeded to force the circulation il
the bills doubted they madeny appeal the papers
they brbd make the quotation proof that their
bills are good The process has been pursued by other
eoues. We shall however, look after them.
We give day, another part OF this the report Of
the Canal OF this State This document il will
be seen is on in debt principle throughout The
revenue business Of the Canal taken the basis
which estimated that the present State eeb may be
than doubled in the nextseyen years
The present debt il bearing interest. sosoi SIS
not .....'...'..' 71soSos2
r., Sts so7 o.,
May Increased the next yeas sper eeut
No. $50 700 900
lean of 81 ooo geo of State credit to the diff
ern, rok, improvement making debt
&C al oc ana due by the State This the view taken by the