The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-04-29
MONEY MARKET.
Sunday, Aprfl $50 r. M,

The week lust closed been very fertile
Asctcd with commercial matters. Several cotton specu-
hors have been added to the long list Of bankrupts
Stocks have experienced the usual fluctuations and the
money market is gradually acquiring astrngent con.
fion Business is rapidly improving and the real pros
perity Of the country rapidly advancing All branches
.. trade unusually active We fear too much So
There great danger of running into ano her extreme
Tho disposition extend credits and sales Is 80 prevalent
ths. the most unfortunate consequences may result from
the movements going At present every thng IN
dtcates prosperous state Of things, but we know not
how soen a change may come over u.s. The country IL
rich In its own products but the quantity oil merchandise
going into the country large for the early stages of
revival of trade The country merchants themselves
sdmit that they are purchasing too extensively They
say the country will become filed With nerc handse
- an extent beyond their ability to pay for The city
toAber the of the overtrsding. Tho country
chants resist the temptations daily laid before
em. They nattered by Offers Of large aud long
Aits, and purchase extensively than they otherwise
would. few years would suffice to create precisely the
sane state OF trade existed in former periods Of spccu
tion Fortunately and justly the difficulties growing
out Of this course fall upon the heals Of those who
ne principal producers.
The grow ing disposition manifested to e1'end credits
must il persisted n derange the currency of the coun
n.y. and compel extension of the circulation Of paper
salation any larger than what exists but great
sion Of business produced by great extension Of ere
dts will furnish necessity for INCREASE Of banks and
sgrea addition to the circulation of paper During the
periods Of speculation the United States Bank
sl machine to furnish paper currency to carry on the
movements that grew out Of the business Of that time
That institution by creating stem Of credits produc
ed toa great extent and carried through the immense
bubbles Of the day. After the price of property had
ahhe bank necessary to sustain the pc nts reach
3D. but for other purpose. 1t sustained unnatural
improbable state Of commercial afas. This institution
destroyed itself by its mutations. The lava trade
Ike the laws Of nature unaerabie. Whatever de-
gements may from time to time be produced by dis.
orders in the currency will in time regulate themselves
An evils connected with commerce work out their own
sslv ATOMS Legslaion-a spirit of speculation and over
trading In any shapemay produce revusions and bank
upcy bu an imitation in the currency beyond certain
point is to spread ruin among all classes. There
are this day among politicians many strong
Of National Bank but among capalista and among the
commercial classes there exists very few, whohave
had practical demonstration of the danger attending the
existence Of such institution Spectators of all de.
nominations advocate the establishment OF another United
States Bank would be powerful engine in further.
ting their interests The present condition Of the
~ sound and healthy any could wish. Our
Internal exchanges are in very fair position The rates
very much reduced and for the last year two quo
tatious have been uniform than at any time during
the existence Of the United states Bank The rate of
serest at present is lower than during the greatest na.
zion Of the currency, and money ia abundant and
easier to be obtained than at any time while there wss
such enormous amount of paper money anoat.--
The legitimate transactions Of the present day
ensise and the amount Of merchandise and produce
IN all parts of the country is great before So
far credits have been confined to limited period and
prompt payments have been very general. dcrange
ment Of the currency would derange the whole OF the
basis upon which business is now conducted.
The Union Manufacturing Company of Maryland has
declared dividend uf three dollars per share.
The fluctuations in stocks have lately been very
great The past week has been particularly filed with
ups and downs. We usual comparative table
Of prices for the week