The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-08-05
MONEY MARKET.


There was much better feeling in the stock market
today prices generally rose; Harlem per cent? Ohio
per cent; Long Island Il New Jersey per cent.
AZ the Board considerable animation prevailed,
and prices Mechanics Banking Association sold at
Co. considerable advances it is said in anticipation ofthe
statement made up to Monday next according to law,
which shows surplus of 10 per cent.
letter from Mr.. Oakley Illinois Commissioner, states:
"we shall not return to Illinois without having effected
the object OF mssionn II is stated that Hope Co.
have subscribed 100000 to the oan being all the
canal bonds they held on their account Magniac,
Smith Co, the largest holders had given definite
answer but generally supposed that the matter
would terminate avoraby solely the necessity OF TIE
movement to recover the old debts.
All the letters this day received by the steamer Of yes
terdsy, contain much cheering Information in relation to
the state of American interests The London Times of
July H. of the inv enemies of American
credit, remarks as follows
II 10 understood that one of the Commissioners who
here from Illinois to negotiate for further advance of
money to complete the canal has lately paid visit to the
continent the measure proposed some of the
bondhodersthere and has just returned So far seems
have the Commissoners hitherto succeeded, that the
creditors both in England and the continent have de-
termned not to reject the offer without examnirg its
value but to investigated thoroughly the foreign cred
tors giving special inuncons to their English agents to
exercise the greatest caution and vigilance they
ceve that a correct judgment rather be formed in
London than in Paris or any continental metropolis All
that TO be hoped that caution really be
sed that the investigation will be Of searching charac
ter, and that nothing like fever for will
influence the creditors. Considered matter OF alb
sract justice have the objections to the princ
pie which the offer grounded that we have entertain
cd all along, and we receiving letters from time to
time. referring TO the subject and couched in the most
indignant TERMS but if the creditors, waving that
sheraton look upon the whole negotiation of
expediency and consider that by advancing little more
they will retrieve what they have lost must leave
them TO be judges Of their affairs. They will doubt
less have opportunities testing the value the
w mt md Aalsh arot
all recommend.
II has been the opinion of many well informed parties
that the loan would be unsuccessfulbut the spirit here
manifest is highly favorable.
The general state ofthe English markets for American
produce, was never promising as now The harvest
of England il not positively deficit will be far from
full one and the prices having risen not alone in the
great markets. but throughout the country teOns. showing
that is not speculative, but based upon convic
ton OF a shortened supply. At the same time, the Rye
harvest Of Germany and Belgium is shorter than any
year since 1917 In connection with this fact if
slider that the bread used throughout Germany and Ho
land is made altogether of unbol.d rye back bread"
II is called, the prospect of general rise in provf
sens and In prices OF American PRODUCER England and
on the continent is very hatering. The following are
comparative prices of American produce in Liverpool,
January Sd and July 10, 1913 -