The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-06-28
MONEY MARKET.
Monday. June 27-0 p. M,

,a. Monday, June 27-0P. M.
The sales at the stock exchange exceedingly
small to-day. and prices generally gave way Illinois os
fell Il Canton Company !! Harlem A-ths sock very
plenty at Is Isl after the board. Mohawk roset.
About 1000 soveregns arrived by the Cornelia from
Liverpool
At Boston, Saturday, sales Of the per Of
that city redeemabe in ls47 made par auction
while in this city the per stock Of the State Of New
York. redeemall lie in ls4s sold at premium only.
The security Of the New York stock is equally unques
tonable that Of Boston, and yet difference Of fifteen
per cent exists in thu Investment. This ID singular
fact and one worthy Of investigation. The
of the difference may be traced to the different posi-
tons of the two cities present. Boston, in pro.
portion to its inhabitants, has greater number Of
wealthy and independent than New York. In the
former city cash acts upon his own Judgment He is
controlled politically financially by any clique Of
brokers' either Of foreign domestic growth. In the lat
ter city there less independent wealth. because the capt.
alists Of paper origin and therefore de-
pendent upon corporate institutions Hence is that
when the controllers of those institutions choose put
up put down any particular stock the broker houses
who depend upon the banks for their means,
their influence with their customers and correspon
dents to the prejudice favor of the particular stock
This influence in NewYork has of late years been di
reced to the support of THAT abominabls speculation,
Albany The consequence has been, that after obtaining
$4,000 900 from the State and thereby running its credit
the project has fallen Of the nteri.r a. a s
time the clear headed and independent merchants of
ton have perfected their Railroad and in the ric
ton of their most sanguine hopes With good busi
before them and every prospect Of rapid and largo
increase in it, they invest their surplus funds freely In
their stocks. New York. the other hand with
out business her merchants cramped, remttances
from the interior very small the receipts Of produce
light, her foreign trade il paralzed by the of
ton the part of the Federal Government and the
Ign influence which bears upon her moned institutions
distract the minds of capitalists to whom Is evident that
large outlay of capital be made to business
to the CITY, They trust the projectors of the Erie
Railroad with their funds and the welfare of the public
Western business must inevitably to Boston and Alba
n.y. and the Western part of New York State will derive
great benefit from the opened intercourse with Massa
chuses bay What is it to them if New York choose to
seclude herself from the trsds Of the 0rst West The
manufacturer The wealth. the trade and enterprise of
Boston is open them the Western Road and tho
noble line Of Cunard steamers places them in prompt
communication with Europe; and New York city, with s
English stock agents and political brokers' no lon.
ger necessary to their prosperity New York city il
Indeed "going int her shell and losing rank and
castena- cog fH. ~ ~" ffg 3. 4e
We recently made mention of the state Of trade in
British India showing the glu the markets caused by
the excessive export Of British goods that country The
following table Of the quantity Of goods into
AGghanisan or three years commencing on the Of