Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-08-31
PRODUCE.

NEW YORK MONEY MARKET-Aue oS
Inc der,ni tor money continues limited and MI
money negotiations upon prime securities are effect
ed with ease. Upon those Of a more dnpbtr,i a.
scriP'ion, more dificultyls experienced and c,n,,s
sS prefer losing interest to mourning any risks by
Ioan,ns upon other than substantial securities
Inc domestic exchanges are without m,,erieI y,ri.
alton. AsNsht improvement may b, noticed =, s,.,
poIn's.-The amount Offering is small. ard ,nv
sehs'o.e demand would cause decided Improye-
ment IN our quotauOns.-The market for ioreisn
provement.
The stock market is in a most depressed cordition.
ne pmoun' OF transactions has been larger this
week than for several preceding weeks vel thc
prices Of fancy stocks have declined yery sensihlv
tNose which al considered solid stocks maintain
former rates, with, in some instance an improve
mcnt, and the continual disposition 10 invest 10 surb
descriptions is at evidence of the abund,nc, of
money and tho ab'ence OF all feeling of speculation
lie continual disclosures OF the misr anagcm.nt
and losses OF many stit 'liohs have ncadv destroy
ed al confidence IN fancy s'ock- ev" for ,mcnt1.
~ speculation, and the holders appear anxious IN
slip out at the sa.l lest loss Practicable
'nittt States Ink has fallen as low rs g.: :
per cent lower Than our quota oCs OF lest week. and
te not,s have beer sold a. 20 PEI cent discou Il
This instiiut IA rs .nvirCnri with difficulties
ana all collide. e. the Innate rcaIiz,tion nj 90
thing to the stockholders is entirely Gest-uy d. with
! MS il = NJ such an immense depreciation beyond
oiheT fh'at'' phIu notes. Il Is next to Impossible or
| i - resuscltaIe, and the limited dem nj for its
notes show that It IS realizing but little cor the ss
due to it,.
We think hat the passage OF the bunkrup, .aw
nad some effect upon the price of this stock it he
ing supposed that 1r AT2e portion of the suspen nd
! ed deO. comparatively nothing will be collected
We rather suspect that the effect Of this law will lie
tc enable debtors 10 make settlement without wait
ing 10 aVa themselves of u when IL shall go INTO
operaton) on more favorable terms than under 9th.
or circumstances but imagine thai quite 10 much
VIII be collected upon suspended debts in the az
| gresaic as II no such law existed
| Inc vote ~ the Senate upOn the engrossment Of
the land bI produced UmuCh better feeling IN state
stocks Large investments have been recently
made IN these securities. and the amount now held
| M VA. street has materially d!ninIshcd But IN
order To nix higher and more permanent value
upon what ought to nc undoub,Cd investments thew
sho ID be issued less freely, and the question of The
sem annual payments Of interest should MT be
! suffered TO remain SO long doubtiul POINT
| Tue distribution Of the public lands would be Of
mitera relief TO many of the states this par Gu
lar but direct tax upon their inhabitants would be
! the most ciicctuaI and SOLITARY. Its effect woud
oc, as We conceive, u prevent their needlo,sly in
curing additional Liabilities, and their securities
would advance and maintain perman cntIy on in
creased value. We notice by the PHILADELPHIA ra-
peTs that the per cents OF Pennsylvania have re-
ced'd nearly five per cent they are now quoted at
SUI IRON the pice to which hey advanced after the
! payment OF the August interest,".
by this mornings mail we have the intelligence
oi the passage Of the land ri.'. IL will require 10
action o: the House upon an amendment, when Il
VII Doubtless become law with regard 10 the hank
OIL we are not 50 can suIne thou IN we are urwiT-
Ing e. Ie"vc that bill framed as Yearly ns possible
10 coincide with the views Cyyrcs ed by Preside.t
Tyler 10 his veto, will again meet his disapprov a..
Yet the tone Of tho leading articles IN the Madiso-
man. semi Chcih, gives rise to some apprt nsOns
ADD should the prosent project fail we have norra-
son TO expect any favorable action on tho subject
| for the present session.
The market m Philadelphia yesterday was low
err sllcs Of United States Bank were made as low
as 81. Money growing more abundant IN that city,
and the banks are some OF them anticipating a. err
| post notes, due some months hence. With IN m.
creaslng abundance Of money and q diminished
dco no difficulty would uo experienced m rcsump.
/ ton, and We should be glad TO sec some measures
taken toward fixing on cailY Day for hat purpose.
COM ADN.