The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-04-06

MONEY MARKET.

"cuucsuuys APAAA ~ HAs
The operations at the Stock Board small to-day
bat prices did not vary materially All stocks apps
rently weak-Oho and kentucky closed at the prices Of
yesterday The circular of the Commissioners of the
former State 10 the stockholders does not to have
produced any effect It is wanting in clearness. We
have examined and will remark upon it,
At the Board the transactions large and
prices small.
Foreign bills are dull and looking down.
The small silver change continues generally to be taken
in trade at their nominal rate They will gradually and
noiselessly work out of circulation.
The Firemen's Insurance Company have this day de-
clared dividend Of FIVE per cent, payable the l2h
inst.
The Marine Bank Of Baltimore has declared seminar.
dividend of three per cent payable the 7th inst
The Warren Insurance Company, Boston. have decar-
ed dividend of FIVE per cent payable demand, making
for the last year. nine per cent to the stockholders be-
sides dividend of profit to the assured.
The Treasurer of the Massachusetts, Western Railroad
has effected sale y. 100000 Albany city six per cent
stock at par The Whole of the bonds amounting to FIVE
millions Of dollars issued in favor of the company by the
State of Massachusetts, and the city of Albany
ssld.
The of Treasury the st presents
the following results -
TnKA'unr Norris oyr.TANpTo.,
Issue. under act jan 1884, sssss s $751;
$:;::$;;: s:' ~; ~.
Grand total outstanding ss7I ss, 1855 1857 II $685. 1857
The New York per cent loan of $500 900 to pay the
Contractors, taken by the Commercial Bank of Al
bany, at 1t per cent premium This is per cent
higher the offers of the leading this city
The per cents Of 1862 at par IN this city.
bill has been introduced into the Legislature regula
ting the Banks with the following features -
o~rn n. n
2. Compes the safety fund banks to do one of these
things either
To associate themselves on the plan of the present
associated banks by surrenderng their charters and de-
posting securities and taking registered notes from the
Comptroller, or
ed notes, on depositing securities.
Or preserve themselves as they are, taking regis
tered circulation from the Comptroller.
All banks associations to make quarterly reports
in the state paper.
The abolishing of the Bank Commissioners and subst
tuting frequent publications. s highly desirable. They
should be made monthly, however, instead OF quarterly
The English returns made monthly. The more fro.
quent the returns made the less chance there is of
falsifyng them Faith in Bank and corporate statements
has greatly subsidized and circumstances
are necessary to sustain them The old system of bank
ing was mystery and concealnent that has persisted in
inismy The new system is intelligence and candor and
long practice of will be necessary to lull aw akened
vigilance.
The late news from England announcc cd important
fact which destined to exert great influence upon the
desnes Of New York. in relation to trad with the
great west Werefer TO the modification of the English
law in relation 10 the United States far az to nd
init the grain Of United States growth into Canada at
fixed nominal duty of 3s currency per quarter cents
per bushe The motive for this in England un
doubtedly TO test In how far the u States capable
aording steady supply Of the articles of agricultural
consumption. Many English statesmen were msled BY
the effect ofhe paper system prior to 1887 which SO far
impoverished the country in the midst OF seeming pros
pery that large quantities of wheat imported into
New York from England This led them to suppose that
the United States subject occasional scarcity like
other countries. The effect of the new tariff will be to
draw through Canada and the St. Lawrence in British
bottoms, the whole produce of the great West the
pense of New York and New England. English goods
arriving in the St. Lawrence in British bottoms in return
for free United States produce, will inevitably pass duty
free into oil the western ports, in spite Of all the steam
cutters that the sapent Secretary will choose to send
The oppressive duty Of tho present tariff operates as
bounty divert the trade ffom the Hudson to thu St
awrence notwithstanding The natural disadv sntaoes
the latter channel In the consideration Of the suboc,
II may 6rst be well 10 to the rede with the British
Colonies up to is4a, from official tables az follows