The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-11-10
MONEY MARKET.

MONEY MARKET.
Thursday, Nov 0-6 p. M
The stock market was very active to-day and prices
in advance Ohio ss rose per cent Illinois 1 Ken
lucky ss, I. Long Island h. Ii Harlem l per cent;
Canton Company l. Sales Of U. 8. % Of 1884. los.
At the new board good business done at improv-
ing rates.
The stock market has, for few days, again presented
general and rapid advance In values is very evident
that the present state Of affairs will revivy the long
dormant spirit Of enterprise. Money continues exceed
ngly plenty, and will be Commerce 10 stran.
sed under the tariff and the stimulus given msnufac.
turers in anticipation is dying away. The CHM mar
ket Tor ceons will not answer, and the manufacturers
will soon feel the rebound of the tariff The population
ana aggregate wealth ofthe country however, rapid
undressing, and the imperfect internal communication
oil New York must be completed Tho Albany Railroad
and the Long Island route to Boston, of the highest
importance. and will afford the brilliant returns for
the Investment They 10 rapid progress Of construc'
on and from the date Of the completion Of the Harlem
extension and the Long Island junction with the Boston
roads, which will be in the Of next year. violent
movement in enterprises of this nature will commence.
In Massachusetts there has been $4,000 subscribed TO
the Fitchburg Railroad within few months; $4,000
has been paid in and the work is in active progress
such the pronptness and energy Of capt.
talsts
meeting of the citizens of Hartford, called for the
purpose Of considering the subject of the Hartford Rail-
road on Monday afternoon ratified the resolution Of the
City Council, approprating $4,000 towards building
branch railroad to the Connecticut river.
tsppears by the late advices from England that the
deputies Of the States Of the Zolveren of Germany
still in session. and have added to the duty English
bar iron. This done protect Belgium at the
pense Of the English Of which there extensive de-
p0kao k En1An "a
they will be seriously injured by the new impost.
Wrought and railroad iron will pay much higher duties.
Prussia Alone Of all the States opposed this policy which
will extend to yarns and manufactures of all sorts, be-
fore the deputies adjourn. This will have the effect OF
checking the trade of England in someS degree and
keep down the prices articles for which the vent
is choked.
With those who have no fixed principles, but follow
only the within Of the moment, extreme generally
follows another. The Journal Of Commerce 10 an in
stance this In relation to the government Treasury
notes. that paper has occasionally advocated sound
rency. now appears by accident because being daz
zled by the new movement Of the Treasury department
condemns the only feature which gives the their
stability notwithstanding the example Of the Brazils.
Sweden, Prussia and Russia the present moment with
out reference TO the events years gone by the Journal
advocates that most pernicous Of all paper schemes
limited issues OF rrcdeemable government paper money
The notes which the Journal advocates to be paid out
TOR government debts and receivable for government,
Dues without being convertible into con would be pre-
csey what Is now and has been for years in operation
in the Brszis. II is evil which Is destroy ing that
fine country and her statesmen anxiousy employed
to devise means of exrcatng her from the ruin impend
ing through the agency of those perncious issues
The present issue of Treasury limited 0O0
900, and promptly redeemabe in specie, will commando
small premium this Of the year for exchange
purposes because New York cash funds they will be
worth the exchange in all sections of the Union Deprive
them Of their feature Of convertiby and they will be
worth nothing until they fall to discount which will
cause them to be purchased by the. government
debtors They will immediately fall into the
hands Of the brokers, where they will have
other value whatever than that governed by supply
from the government creditors and demand from the 60
vernment debtors. The latter will seek them only
discount and the former must sell them to yield
profit to the purchasing broker the government
dtor to receive without interest and neper paya
BILE, what is he to do with it, He must find buyer
Who wants the note Al few individuals will want to
remit small sums but il they remit these notes,
say to Cincinnati, what will the note be worth
in Cincinnati There will be little demand for
them there and their value will be regulated by the
demand in Now York from the government Debtors less
hostages and commissions In the spring Of the yesr
when exchanges all in favor Of New York, these
notes will all back and the supply greatly exceed
the demand By making the notes redeemable in coin,
certain value is fixed. below which they cannot co.
That fact gives confidence and permsnency although
the time they may be presented pay ment
The redemption specie is also check upon the issues
Ia the present dsordered state Of government fnsn
css and commercial policy, the issues Of rredeemsble
paper, an means Of supplying a deficient reve-
nue. will to trucking politicians, be by far too great
temptation to be resisted The food-gates will be opened
and ruin inevitable The supply Of currency will always
be governed by the wants Of the and those
wants will increase with the quantity of the Issues Sup
pose the in had acted upon this prn
cple, what would have been the result II has increased
the national debt since March, ls $50 900 Ooo and the
deficit is still at the rate Of oOO What wonld
have been the situation Of affairs with sa2 600 coo Of e
deemabc paper dollars without interest," saost and So
400 900 to be issued next year How much better
would such state Of things be than the dangers ard
corruptons OF a National Bank 2" The next would
be forced loan" to gather in the outstanding paper
and burn sufficient to raise the value Of the remainder
and then resume the issue For what should this nation
al ruin be incurred The government is short in its
venue, and the business of Congress off every
other consderationto restore the revenues-psy the
debtsand receive and pay out the constu
tona coin Individual houses will be amply sbe in the
progress Of events furnish all the necessary mediums
for renting any sum, great small to any section Of
the country.
sa les af the Stock Exchange
1000 u Loan 6's 80 god III 20 State Blk ofNY "a
10000 DO So '3J los II Blk Of Com, scrip s8k
5000 Ohio 6st0 $50 81 do 9sH
5000 do 90 AZ Ohio Trust 92k
5000 esM IS N Canal & Bkg Co 30
1000 do 9sA IS City Bank of o 60
5000 do bio 9sH Is do 60L
1000 do bw o8& as do Goa
5000 do b3098L Is do 81
1000 do b20 9PX 100 Fireman's Irs Co l07L
1000 do 50 97H 50 Will amsburg lns Co ca
1900 do ia sc bio l0t 1000 Mohawk kR BIDS rs
10000 do bis l0t 60 Canon Go FAX