Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-04-03
MONEY MARKET.
Thursday. April &c

There WAS rather better feeling displayed at the stock
board thus morning. u = Bank improved per cent? Del asi
Hussoa per cent; n Anee Trs, and Banking Co.
cent; Boston aid Providence declined slms sales
of notes per cent made At par Indiana bonds
offered at GO, without ecctng sales Ohio cent
stocks sold Se. AT the second board ~ Americas
Trust and Banking CO. again declined The passage
Of the bill Pennsy giving the banks until the 18th Janu
ary and repeating all laws and penalties against
them until that day, has given encouragement TO
ato and has caused little buoyancy in the stock
ke The two houses hsy also agreed adjourn the 10th
instant, all fears that the question viii be sgsn
agitaed The banks, therefore, have 1T all their way
There remains doubt whether the institutions WILL in the
prop etve state Of affairs feel willing accept the provisions
Of thu act which requires them loan the
They now, by their showing, daily going behind hand
ia Of their suspension, and the ons
bty OF 50 additional will be throw Themselves upon
tn OF the legislature for extension Of the
when they are to resume specie payments.
The sale Of teas today being the cargo OF the ship Morea
of heavily The stock Of in the hands OF the gro
although not large for usual Il heavy fer the BUSH
expected. This has occasioed falling in the attend
upon the sales The lower qualities chiefly de.
mand to make assctmcnis. and the tier qualities
mostly withdrawn The terms usual months notes,
payable New York. The particulars Of the sale will be
found under the head Of state Of Trade
Although money for strictly business purposes is easily OBJ
tanned The legal rate Of interest yet the bona 6de sales Of
undoubed state stocks AID real est ie ence that but little
capital seeks tina, description Of es for Investment
Messrs Blocker Co had sale Of real this morning.
follows:
IL Dey street IS b. 100 feet deep 81 feet rear ZOO
Canal street. lots. through 10 Howard. ....... a2o
Total s1cs .........................s5 looc
This valuable property, aud the houses bs in
style in tie best manner and would have brought two
years since least double the they have sold
This sale indicates III disposition OF capitalists ske
manen investments yet They will lend money very low
ures at hsrt dates but choice IN tht securcr
The future bod' out too much Of difficulty in Gnane.
tiers 10 make the present favorable for permanent
Investment The revolution that has been going has BY
means yet reached turning point The resumption of the
Souheru banks yet probematca and the difficulty Of
Using money from the South add West great The
goods trade. who have dspen ling
miianee meet their fall purchases IN most distressed
situation From the result of inquiries oonlent
that than thrce-ioarts Of tie bills which have
fallen due merchants from the South and South West
tie is December TO the present time have been paid,
like 20 b. paid They have been extended, proused
protested This, with the exclusion of mediation paper
from the banks has driven Jobbers 10 the purchase
time Of goods from the and importers whch have
been sent Philadelphia and Boston, and money raised
them loss order 10 struggle little longer
This state Of things end and there is very
little pr b'b lily that olddebs viii ever be collected The
oil css Of dealers hive been swept away during The s year
and busnes, ~ fwsrd IN the hands Of new men
and monty w be demand for real business this view
which causes en- aud the avoid All old
odl,ion paper and cou6n their movement 10 new business
We have received The report Of the on-onss 81 The ope
raions of the " Lend oce Of the u states for the
ss accom,aned iih mars Of the government, land IN each
si,. IA. tolu. ts faupd with valuable matter which is
artculnly sting At this time, when the means Of the
government low an cob and the necessities ohe
i states driven them 60 stir up the old question Of
~ n ,pears FROM returns that there have pYe-
~ and during the year 90 patents FOR
land sea time there have been prepared indexes
of t. MONIES OF peuecs for upwards II VOLUMES of
ces of pages each involving 500 600 entries. The follow
inc l. table quantity Of public lands sold amount
sid ny purchaser each State and Teror, the years
1888 10 the close Of 1899.