The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-06-02
MONEY MARKET.

'Tnursday, June I-O Fs M.
The stock market resumed in degree, its activity
to-day Ohio SIS rose II; Kentuckys t; Illinois p; In
diana per cent; Delaware and Hudson !; Long Island
per cent; Harlem per cent; Canton Ii Farmers
Loan fell per cent; sales of Vicksburg s; Morris
Canals.
At the new board United States SIS sold at ll6.
We have received the following -
Miami Canal Extension, Ohio-The letting for the
completion OF this work is to take place the 10th June
next The work consists of reservoir the Loramer's
Creek 35 miles of main ne principally alton; 90
wooden locks; aqueducts and numerous cul
Paymentto be made in Ohio per cent domestic
bonds, interest to be paid semi.annualy at the State
Wut ana the principal alter low
assured "hat if the of Ohio only could raise
ana and na hs MEYER r want amy g
paym to be made by domestic bond"a new article,
and peculiarly adapted to the season., as they say IN
Bond street. London No matter-cant have too much
off good thing.
There $375OoO ofthe above lot c out and how
many can be ascertained when the manner in
which the interest paid reported to the Legislature
next winter. As Ohio the State solemn
ly pledged its faith that foreign stock should be
issued and before six months had elapsed
7per cent stock issued!in violation of that pledge
When State is involved is Ohio she rolls irres
bly, to destruction.
Tho following is from morning paper
The Herald thus comments =" the fact Of cheap goods
is cheering also true that it is the effect OF the
ing the proceeds of foreign industry from seeking the
west in exchange for its produce to depress the prices
Of agricultural produce that its growers have not had
wherewhal to buy thing and the prices Of domestic
goods have fallen in consequence"
All neghbor! you can't creep out there Will you
say that tea Coffee and other articles wholly foreign and
which duty is charged only lew for
nue. have fallen equally with domestic goods You
know they have not Yet if free trade sound and
your reason for low prices the true one, these should
have fallen and goods been kept up by the
otherwise And there is MYSTERY about it. The Her
aid and the Tribune each afford immense amount of
reading matter for small because they have regu-
lar daily demand for large editions.
We can gather no clear idea from these comments.
Our proposition that the tariff, which went
operation last year. put tbar to imports which fell
on the port of New York alone $40 900 in the six
months succeeding the expiration of the compromise act
necessary result ci excluding foreign goods from our
markets. to destroy the foreign demand for agrcul
tursl produce to extent which affected prices ser
ously leave the farmers proft-of they
could buy nothing either imported domestic. The
suit has been analmost universal fall in prices "Coee
in particular has given way and Of all articles perhaps
the decline in that has been the greatest with the excep
ton of manufactured goods, which fell 25 per cent in
Boston. Whenever the Of the agricultursts
diminished by depriving them Of the outlet for their
plus, the whole trade of the country languishes In
order illustrate what have said of Coffee take
the current rates now, and in july s4a follows: