The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-05-21
MONEY MARKET.


The Caledonia at Boston, gives FIVE days later
from England The vessel again brought large amount
of spscie of which $e595Sl entered at the Custem
House Yesterday No material change had taken place
in commercial affairs generally In the London discount
market the number bills sent up for discount
had evidently increased but not TO affect the of
ney. The business OF the manufacturing districts
good but the large imports Of cotton had kept down the
price. The circular of large house remarks -
The low prices have enabled our manufacturers to
dispose OF their produce readily The continental mar
kets are taking the usual quantities, with the exception
OF the better descriptions Of yarns which difficult Of
sale at former prices America the Brazs Portugal and
Spain are in pretty muck the position towards
they were IN January, little progress having been made
March and the beginning of April than it is now, but
there no denying that gradual and steady improve
men is going on We regret that the accounts from the
iron districts the poeries and the agricultural countless
are not yet OF a satisfactory nature.
"Nothing shows SO much the great changes the cotton
trade has undergone and the immense strides have
been made in it, by new inventions in every department
than the difference Of price in articles Of trade viz
18th Grey CLOTH % yds, called then Bradford supers
were sold in the beginning 1914. at 42s per piece in
1913 lat S. to S. 3D. per piece Ne 40, mule yorn, was
sold in 1885, at ss 3D. per To- in s4s Cd per ID. Vel
a. per h.
"It is evident that fall of prices of many pennies
per piece h. the above articles declined shings
nuslly for similar period, would bring them down to
almost nothing Our present position is to the least
Of it, safer one Most things seemed to have arrvedin
thing like foundation Fluctuations will no doubt arise
from time to time, but they cannot possibly be of the dis
astrous nature they have proved to be for
The weather had been good and everyway encouraging
for large and prolific crop OF grain.
In relation to American stocks there does not seem to
be any improvement The London Times. in remarking
upon the late law OF Michigan, making provision for
such OF its bonds it has received consideration for,
states as follows -
They declared they would pay all for which they had
covert form OF repudia'ion By Detroit paper which
has been put into our hands find that suspicious
were but too well founded and that the ambiguity being
removed, repudiaton Is msniiesly professed After spe
cifyng certain bonds for which provision is made the
Legislature come to certain other bonds of which the
United States Bank became possessed and OF those
taken by the Morris Canal and Banking Company
for which they declare they will give new bonds for
h me or ey the sse besides
Dill as contained in a local paper, and the reason
we do not sooner obtain complete accounts of the
papers, except from the principal ports and from
Washington, find their way into this country
now clear that Michigan does not consider itself
bound to the amount its bonds but only such
as it has received, and that it does not recognize the
VIZ; that the bona de purchaser has nothing whatever
to do with the original consideration 1t will scarcely be
believed, when we add that the newspaper writer's of
Michigan speak of this act as noble proc Of the in
tegrty of the people.
Our correspondent, who does not to understand
what was lately said about the Pennsy debt is in
formed that the dividends due last February and next
August provided for by the which described
and that the dividends due last August already repre-
sented by debentures."
This view 1.-THE of is adverse to any sup
positions of renewed credit. The following quota
tons:-Louisana 5s ls43, so; Maryland 5s 1885, sal
3d. Massachusetts, 5s 1865 92 Ohio 6s $780, 81; United
States Bank shares, I5s.
The sales at the Board today to fair extent and
prices about the same-Ohio 6s rose Kentucky /; Mo-
hawk per cent. Paterson fell Ii Harlem !; sto
nington /.
At the New Board there sales Of Illinois at 9ei;
Deafeld bonds IS; Long Island rose /.
There reported deficit of $4,000 in the specie of the
Mechanics Banking Association supposed to have oc.
curred by miscount, at the last settlement Of ba-
lances.
New Orleans funds lali discounts Mobile is better say
II per cent.
On the thirteenth day of June next Messrs NJ Tho.
mas Son will offer at public salesa the stocks owned
BY the State Of Pennsylvania
SALE OF STATE OF MAINE ScRIP LITTLE Co. OF PoRr.