The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-02-03
MONEY MARKET.

Wednesday, Feb. @-6 r. M.
The business at the stock board has been small to-
day. Prices have not materially altered Delaware
aud Hudson rose per cent Indiana bonds per ceat;
Harlem Long Island declined 1 Mohawk II. Sales
Of bills Philadep hia per cents Baltimore s.aA Mo-
bile Ia New Orleans 7l St. Louis Is. Now that bu-
snsss heavy in the stock MARKET lobbers
industrious than circulating false reports. order
meet their own views These reports find place in
the venal prints Of Wall street daily short time since
the Express had elaborate puff for Delaware and
Hudson Csns udicrousy false in its statements This
afternoon the New York American has another puff for
the stock headed "stock jobong, full OF affected
horror the srocy Of making false in
order deceive the anocen public and closing with
unqualified endorsement Of Of the most mismsnaged
corporations in the country.
There is yet cashier appointed to the Manhattan
Bank and efforts again making by notorious house
not directly in the Bank who are entrus
ed with proxieo procure the appointment Of their
against the interests and wishes Of the hone de
stockholders
The banks of Philadelphia do any longer receive
the bs of country banks deposite. The following
10 the state Of the curren cy in that city -
Discount on current notes for specie, sa loper Ct.
Notes Of the United States Bank, ~ per cent dis.
Psnnsylvsni S to Is
Exchange on New York, 81 to u prem.
will be found under the head Of State Of Trader The
attendance good, but prcss were upon the whole
lower than at the last sale.
The Banks Of Pennsylvania, in grand conclave are
enaeting solemn farce. They have agreed to act
independently pay their only to settle
balances promptly in specie funds and to prepare for
sumption speedily as possible. This 10 right, and
should have been adopted four years ago. in which
the difficulties of Philadelphia would long
A.. 49,
the only judcious that have been hit upon
years. however, they are, as possessed Of the very
demon of humbug forming what they call 'safey fund
for the protection Of the weak banks - thereby ooun
teracing their other movements and sgan linking their
fate TO the irretrevably insovent Institutions. There
are banks in Philadelphia scarcely In New York.
strong a. not dread the FUTURE supported by all the
resources skill and prudence that they MUSTER and
ct they not ony have the presumption to entertain
the idea helping other banks, but they actually
pretending Ito devise means" to pay 81 for the
State interest as this process Of plundering the public
by loaning and paper and
mua.in had not alresd Tasted loo enough II the
state should be able to borrow su cisnt money to pay
its interest," would not benefit its credit iota under
the circu msances the contrary would be inja
~ This may be in the OF the State Of H.
nnois which stock fell to 80 last summer, although it
hal never fallen in its payments up to that tme The
holders Of Pennsy stock at hone and abroad would
no doub, much prefer passing the present dividsndR the
State would Immediately take vigorous measures 70 raise
from legitimate ucent funds TO mesa the de-
snds upon hereafter AID in order to enable the peo
pie to psy those relieve them from the burden Of bank
oppression by compelling not only resu'npson, but con
tinucd specie payments.
One means Of raising money to redeem the State ere
dit has proposed in Of ., cents per ton coal
the supply Of which article Pennsylvana enjoys al
exclusive monopoly No sooner vas this proposed thai
headvocases tarias rredeemsble bsak paper
oppression Of every kind, dsnouocedh, with peculia
accrmony. The Courier of this city, penny paper
ard oth have been the clsmorous against tn
State its delinquency, most virulon against an
attempt II makes to raise money. OF all taxes that tn
State con impose mpost per upon all coal mine
within the State, IL the most judcious aad peculisr
op2ortune at the present moment. All tho coal no,
used with the exception ofthe small quantity mportet
comes from Pennsylvanis. The following 10 a tabl
showing the comparative supply and consumption for
series Of years tff