The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-05-28
MONEY MARK IL q.

Saturday, May 27--8 Il. M.
The same animation was witnessed yesterday at the
stock exchange in Wall street. which had prevailed du
ring the week United States per cents sold as high as
lis cash, the highest point yet reached New York 6s
loeSs do esl to 99 Ohio o advanced Kentucky 6s to
Il Illinois the same as yesterday.
Long Island Railroad sold high 65 advance o.
p to per cent.
We have information yet as to the expectations OIL
the Secretary of the Treasury being realized with regard
to obtaining FIVE per cent loan at considerable Pre
though the present high price OF the SIX per Genus
if sustained would to favor the possibity oi a
obtaining the loan, ultimately, at some shsh' pro
MUM.
The news of the late advance of securities in
this carried out to England will have
TO advance their value there. And should money con-
tnue ms abundant there as ever and its interest as mode
ratio as ever no doubt exist but greater
will prevail IN our best stocks and probably some
corresponding ensue in other descriptions
OF stock
The most important news to foreign holders will be
the increase in the prices Of Indiana and Illinois bonds
We have before alluded to the position and resources of
the latter State and have to believe the
eec action of people that fertile and growing state
10 meet their liabilities and lessen their public debt will
have its just influence the public mind and should
not be surprised to witness further advance in its
ke price In the present state Of increasing confidence
combined with the abundance Of money, and difficulty Of
making advantageous investments, leaves little doubt
but the remaining amount of stock in the Illinois Canal
will be subscribed for.
The exchanges of the country were more regu-
lar moderate. period during the existence of the
United States Bank, they ever on n lower or
sounder basis Hence of the arguments most harped
upon by politicians for years past in favor OF such an
institution has been annhiated by the present state Of
And NJ ointh pin
nothing left to advance in its favor.
We a shin plaster concern, newly organized is
soon to 70 into operation Planfeld Essex county N
j. As puff to the concern is stated, the President
wealthy man. and Quaker. And that Moses Y. Beach,
of the New York Sum- has subscribed for the principal
part THE stock !
The Mechanics Banking Association declared dvi.
dend yesterday of 81 per cent, payable the 7h Of
June
The object of the mission from Pennsylvania to Eng
fnd said to be to request the creditors of the United
States Bank for twelve millions to invest their stock in
the purchase the main line of the Pennsylvania rail
road and canal from Philadelphia to Pittsburg We do
not see how the creditors be benefited by such
proposed change. This line Of internal improvement,
unless much better msnaged than it has ever hitherto
been, would ruin any holders of it.
IfPennsylvania would at act honoraby, and tax
her citizen sufficiently to pay the interest on her State
Bonds their possession would prove valuable to
the creditors of the United States Bank than of her
improv she offer in exchange The failure of
Pennsylvania provide for her interest," domestic and
foreign Inflicted in the first instance the heaviest blow
on American credit it sustained because she
seemed to possess the ability pay without the will to
do But, pay she must, and will sooner later, in
some form or other.
The Mohawk and Hudson Railroad Company, have
given notice that they will pay the interest their
bonds the LIST June, at the Mechanics and Farmers
Bank in Albany
The st. Joseph's Branch Of the Farmers and Me-
chancs' Bank Of Detroit which has been long broken
now fails altogether to redeem its notes. The United
States sued it time ago, for its deposits made in
by ment employees. and obtained judgment
to pay, hen its assets conveyed to company Who
became the holders of them paying the government
claim Thus has the bill holders and other creditors of
the bank been cheated out of their Dues suppose
by assignment TO pay single debt. When shall we
have end Of bank swindling and frauds7