The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-04-15
NONE MARKET,
Sunday, April I4-6 p. Nj

The operations in the stock market during the past week
exhibit some Improvement those of the week pre-
vious. The money market is not quite 80 easy as we
have noticed for sometime past and the wants from all
classes are daily increasing This has created slight
advance in the price for money We expect during
the present week quite impetus to business The
nails open on Thursday, the 18th inst Immediately after
which produce will come in very abundany. This will
undoubtedly create an additional demand for money,
which, if to great extent may carry up the rate to- the
extreme legal standard. The employment of money in
the regular course of trade produces activity and
periy among all classes. II creates natural state
OF things and 1t carried legmaely will improve all
departments OF business without running into specua
tion Capital always be employed in actual business
operations in this country protably and safely So long
as is confined to the proper channels busne,s must
gradually improve but the moment leaves these chan
nes and runs into speculation unnatural state exists
which invariably results in bankruptcy and ruin Tho
low rates that have ruled for money during the past year
andhe great abundance of capital aoat has been an in
ducement for many to enter specuations in whatever
came up of right nature The result of all these
ments clearly show tho policy of leaving the currency
regulate itself All the schemes of politicians all the
measures proposed by the wisest both parties
all the National Banks and subTreasuries in the world
could not have brought into existence sounder safer OF
better regulated currency than we have at this mo
ment This state of things has produced itself The evil
his generated its remedy
The present system Of banking with all its imperfec
TONS is far superior to any previous There appears
to be in existence controlling power the bank
ing institutions of the country superior any that
ever preceded it. That power the ill Of the people
Public opinion has strongly set against any expansion
Of paper money-the voice Of the is loud against
the creation of any greater banking privileges than
already in existence that have great hope and faith in
the permanency Of the present state of financial
1t seems to be impossible to get up any great
movement The sudden explosion OF those commenced is
evidence OF the fact This speaks volumes favor of the
present state Of the currency The the failure of
all the egtimate transactions business can be mainly
attributed to the complete distribution of capital through
out the mercantile community. There cannot be center
ed sufficient capital to carry immense specuations
Monopoly cannot exist without the sustain IT,
set The tremendous speculaions Of 1886 1887 and 38
were carried out on magnificent scale, in consequence
OF the immense amount Of capital at the command Of those
engaged in the bubble Their resources were unlimited
their credit unbounded and they advanced any extent
The stock market presents the usual fluctuations but
within few days prices have been the advance The
sales have been to fair extent Several fancy stocks
have improved lately wonderfully. Norwich and Wor
ceser and Harlem have risen from fifteen to fifty per cent
State stocks have dragged along rather heavily Penn
sylvania SIS exhibit falling of of several per cent All
confidence in the action Of the Legislature that State
lost, and adjournment without having passed bill for
the relief Of the public creditors would undoubtedly run
down the stock of the State to very low point There
does not appear visible in the two Houses Of the Pennsy
vania Legislature the slightest particle of disposition to
meet the subject OF State Indebtedness boldly openly;
but what does appear very plain, disposition evade
every proposition touching the State debt and throw
distractions in The way Of every just measure promising
relief to the many anxiousy waiting their movements