The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-12-07
MONEY MARKET.


The advance in stocks still continues. Operators in
Wall street are getting up prices beyond what they
sustain with all the loans of every bank in the city, The
crash must come the sooner if the continues rapid
Long Island went up per cent Canton Mohawk !;
Norwich 81 Stonngton I; Ohio Life and Trust Co. ;
Illinois Ohio City Bank of New Orleans Ken
lucky Farmers Loan H. Those stocks that did not
advance, were very firm at yesterdays prices United
States 6s sold at l5I, dividend off; Paterson de-
cned per centit five per cent vest erday; Harlem
was in demand at former prices This stock mmeasur
ably better than many of those that advance fast and
yet operators have found very difficult to even sustain
the present price.
The receipts into the United States Treasury for isis
exclusive loans little more than SIS 900 OOo and
the expenditures, exclusive Of payments the public
debt about S23 100000, showing deficiency in the
venue OF for year By the act Of 1872 the
fiscal year commences the LIST of July in each year.
The government loan of 1871 amounting to 5672 976
falls due the LIST of January ls4and must be provided
for postponed by loan. Should the receipts into
the Treasury NOT be increased there will be deficiency
for the fiscal year ending June &c. lsl5 about OOO
OOO At the close of the present fiscal year. with the ba
lance in the Treasury the LIST of October and with the
present appropriations there will be deficiency of nearly
$2OOOOOo The President again recommends the issue
Of Sl5OOO000 Treasury notes of denominations less
than five and not more than hundred dollars be
employed in paying the obligations of the government
instead ofusng gold and silver.
The message the Governor of Virginia to the Legisla
ture of that State reports the outstanding public debt to
be 81 OOO nearly of which are held by TO-
reigners and citizens of other States the amount held
within the the State being $4,350O0O Since the passage
of the law ovyng tax sufficient the expenses of
the government the value of the stock increased
from rs to 100 cents the dollar difference favor of
the holders residing in the State Of than 1859 OOO
greater than the ordinary annual the State
and enfod greater than the tax the imposition
Of which has had decided effect in producing The
Governor recommends additional tax according the
value of property to pay of the temporary debt of the
State, consisting Of loans made to the State from
time by the banks of the commonwealth and now amount
ing to S3500O0 He also suggests the loan State credit
to the James River and Kanawha Company whose works
remain in unfinished unproductive state after heavy
expenditures for the want of small amount to carry
them to completion.
The fluctuations in the currency of New England have
been smaller than that of any other part of the country
The trade of Boston has also been uniform than that
of any other city in the Union. Speculation never had
so deep root in the soil Of Massachusetts, had in
that ofany other State The business habits of the c
zens of that section of country sodly set
tied than those of the inhabitants of younger States The
returns Of the Massachusetts Banks show that they have
been conducted with great regularity and have increased
their resources very cautiously
BANK. ~ MAssAcHusErTs FROM 1870, TO 1913.