The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-12-25
MONEY MARK ET.
Tuesday. Dec. 24-6 II. M.


The stock market to-day was very heavy, and quota
tions show decline-Norwich and Worcester fell of
per cent; Harlem. /; Canton, Il Farmers i; Illinois, Ii
Indiana, Ii Morris Canal, Il Delaware and Hudson, /;
Reading Railroad Il stonngton and Long Island closed
firm at yesterdays prices. Pennsy vana SIS advanced l.
which the only stock in the list that improved and
Of which large sales made. There has not been
inactive period in Wall street for years, than has
been experienced since the result of the late Presidential
contest Within that period there has been many move
ments tending to depress the money and stock markets.
but nothing has had greater influence than the cond
ton Of our foreign relations. Since the convention Of
Congress, have been proposed that must
settle commercial affairs very much until they dis
posed Of The saekeeping Of the public moneys, par
tculary calls for some immediate action The govern
ment banks should not be permitted to retain possession
of the deposits any longer than the per
feet plan for their disbursement Sc. It will be con-
tnua cause Of trouble and embarrassment to tho
merca classes to allow the deposits particularly when
there is large surplus to remain in the hands of few
bank directors, for the purpose Of advancing their ndi
vdua interest and destroying the legitimate laws Of trade
possible that system may be perfected superior
to the SubTreasury scheme, and it would be better If
possible to do without that plan but the Sub Treasury
decidedly preferable to the government bank system
We particularly object to the Of the public moneys
in any specie of speculation, and the only way pre-.
vent such 10 to the deposits from the pre-
sent repositories There other remedy is very
unjust to draw capital from the commercial classes
in the way of duties, &c, and by so doing, restrict
their resources, to deposit in a few favore banks
which intimately connected with stock operations
and offering every facility to that class ofoperators to the
exclusion OF those from whom these deposits orr
gnaly extracted.
The most important item Of news received by the
Acadia from Liverpool that in relation to the
don Of the markets Of Europe for great staple cot
ton. II has completely broken down this Market and
it reaches the southern must create great deal
Of excitement It unfortunate state Of affairs, from
which there Ia escape unless the producers at the
south have the ability to hold The profits and economy
Of the planters Tor several past may have placed
them in very prosperous position, which may enable
them to retain possession Of their cotton clip and
in that way sustain prices by reducing supplies. It is
impossible to tell at this early day in the season. what
will be the actual extent of the picking but continue
to receive from all parts Of the cotton growing section,
accounts of the most favorable character Estimates
very current placing the yielA at bales while
others 90 high ss 1880 OO0the actual quantity pro-
duced will probably be between these two estimates II
is further stated that the staple is lighter this year.
that the bales do not weigh much as last, in Con.
sequence Of the cotton being picked and packed in very
dry state This is another unavorabe feature bale
will just far with the consumers, that weighs one
tenth less il that tenth is caused by different condition
Of the staple when baled.
We annex a table showing the blooming Of the plant
and the first killing FROST for series of years. with the
yeld of each in bales -