The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-01-23
MONEY MARK EFT.
Monday, Jan 22-8 r. M.

The movements in Wall street do not indicate very ia
vorable times for stocks for time to The sales
to-day do not show the least Improvement The opera
tons are very limited Ohio 6's down per cent? Ken.
lucky, /; Nowich, t; Illinois and stonngton were firm
at last quotations; Indiana went up I; Long Island, T.
Harlem t; Farmers' Trust I; North American Trust,
The late steady decline in stocks has compelled all the
brokers Of limited means who connected with the
banks to sell outs the consequence is that stocks have
accumulated i'll the hands Of those who able to hold
not disposed to SELL This strong for believing
that prices may, in short time, take another start and
reach again the highest rates. As advance
commences plenty Of operators will made their appear
in the street. and rartake of the feeling that such
event invariably creates.
The by theBritannia hand after the close Of
the principal markets. The cotton market quite mac
tive during the early part of the day. but receipt of the
Liverpool advices sales made Of about two thousand
bales advance ofone eighth The reports from Europe
in relation to this important staple will have most ex
traordinary effect throughout this country. II will in
duce heavy shipments at once and cause great
uation. full statement Of the doings in the Liverpool
markets up to the 4h ns will he found under the appro
pirate head The advance full i'd, with very ex
tensve sales.
The great Importance of this news regards the cotton
crop this country be very plainly by the add
tioua value gives to that great staple The cropes
timang far below the probable yeldw reach 500 600
bales which, with the balance OF the old crop will
goun} not far from 900 600 bales which 600 pounds
the BALE amounts to 900 pounds at the advance OF
Id equal onecen per pound adds the value
single item reproduction the of 1000 600
This shows the effect Of slight advance SO large
quantity producing amount sufficient to pay the in
erest debt of every State in the Union and adding
millions the actual wealth of the country The add
ona value given the of the staple productions OF
this country by the prosperous condition Of the markets
England cannot be correctly estimated as that OF
the cotton crop We consider this ofvast importance
to the commercial community, as it settles the movements
for the year. The impetus will give to trade and COM
merce will be tremendous The ocean will be again cover
ed with our ships, and all will be activity.
The London money market presents 40 new fea-
ture Capital very plenty and the rate OF interest
remained at lowest points The returns Of the joint
stock banks of Great Britain show decrease in the cir
cmation Of England Ireland with increase in Scot
land -
BANKS or Omar Bn'rAS ~
Bank E q England 900 49, sss
Points ss:G Banks. soss s;s @
Priv se il Stock Bks. 2s,ous 1853 2oso's s.sss
Bank Of ireland, .2.s75 $50 sss2ys ssli.A7s s,soaA7
BANK. .'' '''' ''' a.s aoss asa aaa.@as 2.r7ss
Total. Gss.,ls,,a 81 sss, sesN.ua s5.'slls
England I225oooo 2oas 900 i2.o25o 900 10 ss6 90
Showing a decrease in the circulation of the Bank o
England of 0oo in the private backs of f57l $780,
in the joint stock banks of 1856 Decrease in Ireland
369 Increase in Scotland f22i 800 Making tots
decrease in the circulation OF the kingdom of FL 29t
in less than month The stock Of bullion in the Bank
England shows increase in the period Of fs7l 900
We have in this statement contraction in the paper cur
rency and expansion in the specie currency that In
dicates sounder and safer position than the
banks of Gssat Britain have occupied for long time
The circulation the 9th Of December 1913, EGGS
O6e than the date s42 and the stock of bull
on December 9th, 1sa3 e. 900 than at the same
date in lsi2.
The Indebtedness of Kentucky is subject of some i'm
portance at this moment account Of the many opera
tions daily take place in its stock in Wall street
Within the past month the quotations have reached
high eight per cent above par but the lowest has
been below par showing confidence than exists il
= any other stock in the street -: