New-York daily tribune., 1843-09-27
Commercial and Money Matters.


ton appearing grow by what feeds and RACES during
The wde,, mania Of 1886 The bonds Of the bankrupt States
Indiana and Illinois ha'e reached ~ and above and yet
they worth iarthing more than when they Were
selling Is L. This remark applies especially
indiana 1t will doubt be years before regular dividends
will be paid b. these States and YET they sell at half the
price Of Kentucky State tina, has always paid her u'er
est promptly In fact the late IN the socks o the
ron.d paying States simply the effect Of stock
gambling, and usvs any other bubble. This
Of thugs has been fose ed aud produced by the
facility oi obtaining loans stocks which has enabled per
with small control comparatively large amount
Of stocks
We are fearful ,et the impulse gwen speculation by
the idle capita OF the country for the last SIX months
through the medium Of our banks will ecoi with severity
upon our city, We all sides evidences Of this truth
Loans 70 the Of millions have been made in Wall
street. Stocks have advanced 10 point which few
months since would have been reg@dr5 as thug mpos.
sbie. Speculaon equal that OF 30 under full eadwa
and have the foreign demand for stocks
which prevailed at tina, period but The contrary by every
steamer foreign supply There is every indication that
John Bull instead Of taking securities is sending than
here for sale, and whether there unemployed capital
enough in the country carry the whole amount OF Ame
rcau Indebtedness remains 20 be Harlem Is
er oan almost worthless stock carried by gdmb
Ing operations far above It's value. sold to-day AZ
advance Of 80 pei cent since Mr. Watt commenced
his specuatious il. In all probability it will pay
dividend and its present price only sustained By the
conner which has been accomplished Good dividend pay
Ing stocks higher than the present rate OF interest viii
Justify but the ruag high raes OF taucy stocks bodrs I'll
10 U.s. aud that revuslon upon the slightest ap
pearance Of in the none! markets. proved BY all
our pas, painful experience
A notice Of system o! government currency %il
be found in another column. would be vey desirable
have smaller notes. aud the next Congess will mo-
dfy the &C, in this respect We suppose these should be
called Government Notes OF Currency 70 distinguish
them from Treasury Notes.
Thompsons Bank Note Reporter says" There is but
little change note III uncurIent or broken VI ney Ohlo
Kentucky aud Indiana exchanged per discounts
the amount in market, however, Is very small New
York Money finds rs 10 this city readily
than for number years all Of it is readily exchanged at
a. per discount. Exchanges with Boston, Phil del.
pha and Baltimore about par consequently tie nk
Note. those Cities ifom oneih quarter per cent
dsccua,;-the same may be said Of all the New England
Banks which taken by the Suffolk Bank a large por
.iou of the Eastern Money hch formerly this Cy
from the North and West centres at Albany and is
sent thence to Boston, the Western Railroad This
accounts measure, fer the decrease OF Boston Funds III
this market.
Broken Safety Fund has changed for months. The
heavy holders presenting their notes TO the receivers Of
The various Banks, order 70 have them on interest p
pcaon will be made 70 the next Legislature 10 auihcZe
The redemption Of this Money b al issue Of State Bonds
the Bonds at time when the Safety FaHd will be
sufficiently replenished pay them This will rot faci,
augmen, the debt of the Stehere being question OF
tie certainty Of the Safety Fund TO meet them"
The Farmers Bank of Mary has declared half yearly
dividend OF .! per cent
D,ylpryp-The Albany City Bank has declared a semi.
annual dividend OF four per payable the 2l pgoNmo
The following il comparative statement Of the tolls
cered al the ocs Of the Canal Collector in oswego vii
aSe, rCm the opening OF 10 ie 1sth september!
for the years 1912 and 1913:
Auount receised TO September u 1913 S46943 II
l3la 33G16 63
Increase Sl3 3l8 81
Speaking the business Of Ptsburg the American says
The sales foreign and Pittsburgh manufactured goods
have been large There has peen the last II or Is months
little Of credit business doue that the good effects OF tins
safe aud method oil confning ones business 10 the
of his means felt by the absence Of eveIy
thing Ike pressure for money There abundance Of
on the streel not !; used 10 be- plenty III every
mans hSndbut there is good money command than
perhaps has been for many Purchases OF almost all
kinds made for sh, fer such paper will command
money
ln,s OF things prevent any material rise in
produce aud all other staples The prices OF these will be
Seaed by the real dsmand-the demand of the consumer
-'aot the fictitious Of the speculdtor
The State IS fast absorbing lis bills credit aua as the
sount in circulation dmshe5 viii the difference be-
tween lis nominal and real value; and other crpi, such
cy aud country, afoa Will he rapidly absorbed IN
taxes These produce any other result than
an early FretuEn 10 general specie standard for all
Currency
CouSrrErE,rs P.ssrp.--On Sunda; afternoon number
OF c3uaeri-it OF Cuon Baak OF Delaware, of the
denomInstiou Of dollars passed upon different in
dividuas in Wss, Philadelphia
Az Ciucinua,i, 2st, Etsern Exchange had declined TO
premium Tor Cmrrency-the Specie being nominay
prem. We quote Specie a; a prem.
Less demand for STATE Balk of Illinois Notes and some
holders appear ndspoSed lowet their limits No
Change IN Indiana State Scrip. Kentucky Baak Notes,
though not plenty command only over Currency.
The B,uks continue 10 ,aks New leans Tine Bills a;
per cent, Exchange and ln,er.st.