The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-10-25
MONEY MARKET.


The msagre business that of late has employ ed the
Board of Brokers' become still more attenuated
Scarcely $4,000 worth of transactions made this
morning, including fancy gambling operations of all
kinds Harlem Railroad is longer stalking horse"
for SPECTATORS 1t nominally maintains its price, but
how long it will keep its in motion, depends upon
good luck and the weather. New York State es, 1884,
improved
The demand for Treasury notes is good mostly on &C.
count of banks here and in neghborng cities for
ment The rate is limited at I premium The market is
but i'll supplied Some few banks in this city sellers
being those whose greed for investment tempted them
into dscountng six months paper and has obliged
them TO sell their available securities the calls
upon them Does not the financial ability of the presiding
officer of the Treasury Department point out this
favorable moment to pay its debts in Treasury notes
thereby relieving its creditors and dscharging its obi
cations
The mail is through from the South to-day, bringing
Mobile and New Orleans dates to the 18th at the latter
city Afurther decline had taken place since last in
all descriptions of exchange and at those reduced rates
it is difficult to negotiate the supply being much greater
than the demand. The rates as follows
Sterling. aaper discount
60 .s asz :s sight: discount
po.,ss, 60 day.; "a. .ist sa'sE'' &c
At Mobile further improvement had taken place all
points The demand is SMALL and the supply being good
prices gave way.
The Montgomery Bank has ceased checking on New
York.
The Huntsville Bank has recommended checking at
short date, in redemption of her own notes
The Tuscaloosa Bank continues to pay 80 per cent in
specie, and the balance in Mobile for her issues
The following official statement shows the reduction in
the circulation of three branches
Cirs Jsn. l. 1912. oetI Ist2. Dec.
R Rsa'.y!s Sst 's i s!ssss ,s s.ss
saese,e51 l.sessss 1891
DO Branch Bank Of Noble Do asss sas ss,os
Assuming the last two to stand as they (ahough
probable they have also reduced their circulation
the State bank unquestonably hast leaves the aggre
gate circulation of the State Banks the LIST October
about S5,696, 500, against SO $40 1876 last year.
The following four leading items of the Decatur
Branch, Sept 1912 and Nov. lsio:--
Drc.ruR Branch ALABAMA B.rK.
,,. No !.o 1870 40 SEPT SEPT, lsls Inc Dec;
spees iia SO SO, % sisSss 'i Issss7
6 6.ssi',i.' l'SS7 33,5ss ,o,a,. 'sSss
We give these returns OF the Alabama banks because
they make them The affairs of the banks in such
utter confusion however, that they may be looked upon
ssmere estimates. II is generally understood in Mobile
that so confused are the accounts, that utterly mpos
sbe for the banks themselves approximate their real
condition. Here is equally notorious that certain
bank in Wall street which acts agent the Alabama
institution, purchases the bills of those concerns through
its brokers, when the discount will suit.
We have received the message Of the Governor of Yer
mont 1t contains nothing whatever of interest 10 the
general reader The following paragraphs will show the
nature of the views of the Governor in relation to general
matters of commerce.
citizens have become dependent upon the groy
ing Of wool that this article may be said the stape
Of the State, and regret say that the extreme depres
in its price is only the of present ieon.
yenence but of uneasness to the future. The rich
and almost boundess plains of the great West becom.
ing covered with hocks of sheep which will furnish
supplies OF wool in such abundance fear, may
ousiy affect the sale of But the West can
also produce everything else cheaper than the Atlantic
States it would be in vain to attempt to compete with
them in any other product destined for the general mar
ket Our constant study should therefore be directed
creating and building up market among ourselves, and
to establishing the OF such rapid communication
with the markets the sea-bosrd would enable
dispose products without fear of competition from
the distant West,
The establishment of features may be encouraged
BY liberal granting of CHI ,rers, with such provisions
as shall secure rights against violation encroach-
ment
The tariff of duties lately passed by Congress will
have doubt greatly increase prosperity. Yet
must not expect from it miraculous effects Protection
had been so long so unwisely and uniustly withheld
that the whole country inundated it'll foreign ma
nuactures and almost exhausted to pay for
them.
The returns state that in 1889 there 36oOo