Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-04-30
MONEY MARKET.
"wednesday. April 29--6 p. M.

The weather has been very inclemen and
duness in business has been There less
among stock gamblers AMI prices have fallen off in most
stances L. s. Bank declined per cent? North American
Trust and Banking Co. 4; Delaware Hudson /; Harlem 3
Manhattan Bank u N. J. Rail Road mproveds.
There is dead calm in business, and immense oE
money lying idle waiting for turn in the market This
long continue to be he 1t must take
direction for employment The state of commercial affairs
generally such to warrant the hope that they viii
create demand for money The
crops undoubtedly large, but the whole mercantile
community soppressd and borne down by the accumulated
debts which out of former overradng The banks in
the position and until general bankrupt law shall
cleared the accounts and restored the traders to their former
footing there is hope that will assume aay
healthy shape great absorption of capital place for
renewed business In the time, capitalists looking
for short investments that toeraby secure aad will
yield a good profit For this purpose stock operations
present favorable opportunity and the present low prices
of Stocks especially State Stocks will give an opening
to spc .ulaors European markets tighten up
in small degree. The French market s already in a
favorable position. and capital is beginning flow into
stocks Of certain DESCRIPTION The demand taas ogi-
mating Paris has already affected the London market and
will operate here rise this description Of stock will
at the weight from large OF capital, aud
bring into play There many who have subscribed
stock to snder the laws and whose stock
precated much below owing to the quantities that have
been issued worthless mortgages This the with the
Mechanics banking good deal Of stock was
subscribed for in State stocks at and great deal
subscribed for mortgages which worth so
Tins thrown the market deprecated
of the whole stock cent THIS pro-
tested against by who subscribed Stale stock and the
has been discontinued An outlet for State stock will
the whole and speculation must
There will in the present prospect othe affairs of State and
Federal be of fa to feed the speculative
In the four five Sio0 COO of stocks will
probably be created by the States and viii find sale long
the peace Of Eurore remains undstubcd In the
that time disastrous explosion than
bly, take place.
We mentioned yesterday, that there persons
forcing the bills Of the Saltwater Canal Bank of Maine.
The Times it appears, 10 give character TO the bills
has been induced quote them at per discount
Boston They be sold Boston better per
cent discount The bank made ITS last june 1885, At
that time capital eooo this the President
AID Directors had borrowed ........,...... $4,000
few of the stockholders ........ 1900
$4,000
Thus nearly hreefourts of the capital loaned to few
individuals The then ceased operations for some
time and suddenly large Of its bills dated
in March last appear in this Market aud offered great
quantities favorable terms to indis duals Circulate
Ooe person had Sc in batch offered him. great
count but suspicious Of them and refused them
caution the public against them atogehesy are not wort
a cent very small amount be redeemed at cent
in order TO create quotation bat the instant any quantity
gets into circulation they will explode altogether
The immense fall in the prices Of -caoce which has ake
mace l.s the pastyes has been the result Of great
in the supply of produce well the ainnuton ssr
ply money The currency of the State Of Ohio from
situation, will be good index to the Of the hanL
currency general in its operation agricultural products
The following table of backs Of Ohio the audi
tors report up the first instant compared nth the aggr-
gates at six different periods Of the year
R.xxs or 0pto Apsu. A.. lsf1