The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-07-19
MONEY MARKET.
Monday, July Is.-6 ]

y,
Tha creat feature of the stock market is still the Har
lem stock which fell AZ per cent to-day in consequence
of the continued sales of certain parties and the rumor
that the great operator" in the asylum. Delaware
and Hudson fell per cents New York State 5is 1862
per cent; New York S. 1868 per cents Mohawk Rail-
road improved I; Long Island D; Illinois 6s !; Kentucky
est.
1t is understood that Governor Carlin of illinois, has
fused any longer to receive the bills Of the State Bank Of
Illinois of due the State in 1912. They
have deprecated longer to be available
for State purposes and the Governor is to blame only for
not having rejected them the first failure of the Bank
The refusal will probably render them altogether
valueless
II will be remembered that when the State OF Indiana
failed last year. she offered TO the holders of coupons
per cent stock, tive years to run, in payment About
$4,000 of this stock called for and issued This stock
has year to rum and has been offered in the mar
ket at 80 cents the dola25 per cent only was bid
however. After maturity will be receivable for State
lands but probably will be available in no other way
The constutonaly of the act Of Maryland that impo
sed heavy tax on all brokers' has been contested by the
brokers Baltimore decided against them The law
divides the business Of broker into three branches
quring annual payment for exercising two OF them of
$4,000 EACH and $1,000 for the other making in all $1,000
year for doing the ordinary business performed by
exchange brokers. The consequence is they must close
their DOORS This is the first STEP The sagacious legisla
tors will next impose ajax upon produce brokers and -four
dealers What business have they to make money by sell
ing flour, and refusing to take the rredeemabe State
paper and broken bank bills in paymant1 1t is entirely
owing produce dealers that the promises of the Bat
more Railroad are not good specie 1t becomes
wise Legislature break the business of every body
who pIeposerous prefer specie to the promises
ola nsolvent corporation The brokers the machine
by which the sound paper is separated from the worth
less and the Legislature in this matter have acted like the
wise farmer who, upon winnowng his grain and finding
chat than he expected in his wrath destroyed the
machine and then attempted to sell the whole bulk for
good wheat The absurdtes and fantastic tricks played
off by the Baltimore authorities, in relation to the Rail-
road orders did make them sufficiently redi
culous in the eyes of the community but they still
bent upon earning Zanys cap and bells sufficiently
spicuous to fix upon them the rdicule Of poserity.
The Comptroller of the State has published luminous
statement Of the present position ofhe Safety Fund Banks
the results of which are that the whole fund
to and the circulation of the following banks
to be provided for out Of future contributions which will
probably meet them at the time specified. The table
shows the roken Safety Fund Banks the outstanding
circulation the order in which the banks enoned
the date which the accumulaton of the fund will ena
BILE their bills to be met -
BnoKEr SArErY FUND BANKS