The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-02-04
MONEY MARKET.

The transactions at the old Board large to-day,
without material change in prices Ohio 6s fell per
cent Illinois SIS Il Kentucky bs per cent; Kentucky
ga per cent; National Bank per cent; Bank OF Com
merce I; Harlem /.
At the new Board the operations very limited.
Harlem sold per cent higher than yesterday New York
State SIS declined per cent.
Ohio State ga opened at both Boards at 81 but there
only one sale the Board and lots the old
Board under which the price fell sper cent Canton Co
sold per cent higher at the than at the old Board
By anew rule the spectators at the newBoard allow
ed to do business only by communicating with their bro
kers by note.
There is quite fair demand to-day for the United States
Government six per cent oan 1882 lOl offered and
asked. Treasury notes have sold at per cent premium
Money freely Offering. Our banks are disposed to lend
for 90 days the government loan ST per per
num- decidedly better feeling apparent in the
ket which must lead the way to brisk opening of the
spring trade.
At Mobile, on the 25h uh, Merchants and Planters
checks at discount Of "a per cent for currency
equal to 40 in specie
defalcaton of $50 900 has been discovered in the
New York Life Insurance and Trust Company in conse
quence of which the stock has been offered and 40
only bid for it, Messrs Allen, Jones Brevoort had bet
ter make statement.
We observe that Mr.. Boorman has made donation Of
Mr. Johnston Of $780, There must be $4,000
of the money due Little Co. left yet The charitable
committees had better push them sharp.
The barbarous and unprincipled features OF the
financial revolution in progress the relic" laws
of legislatures and the distress" laws of others
They disgraceu because of the profound ignorance
which they display not only of the rights of citizens but
Of the operation ofcommercia laws Among the most alb
surd has been the against brokers in Southern
States where the banks allowed to deraud the pub
lie by issuing rredeemabe notes currency The notes,
of course fell to heavy discount and instead of remedy
ing by compelling the banks to pay their debts the
oppressive laws enforced against the brokers
who purchased the broken promises at their speculative
value, which depend upon the chance that they would
paid In March Of last year the Louisiana Legsla
ture passed law evyng tax of $3.50 every broker
because the banks would not redeem their bills
Pennsylvania and Baltimore did the same thing. By
the force Of public opinion the banks have since been
compelled to resume and pay their debts consequently
their promises longer merchantabe article, yet
the the brokers contr ued Judge Billiard of the
Supreme Court Of Louisiana has decided that the
acts of the Legislature in reference to the banks far
they place the bbolaers in higher scale than the de-
postors or other creditors of the banks unconsu-
tional About the year 1925, when the public distress
was very great owing the long continued struggle OF
the late national bank for the mastery the Legislature Of
New York attempted the thing; but the brokers
poyed the celebrated Emmett, who represented the
consutonaly such clearly that the pro-
;ect was given up.
The domestic exchanges present new features this
week. They have been as follows
CURRENT RATES OF BANK Norris AND DOMESTIC BILLS.