The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-06-06
MONEY MARKET.

Ws0ussUsys june 10 TN.
The stock market l. sts oppressed since yes
,sfday prices have ialisn od from hall three per
A. the eli Beard Norwich and Worcester declined per
cent, Farmers Loan. Morris Canal .; United states
Bank. 4 North American Trust. N; CASTOR co. D. In
dians adv sncei and Reading Railrosd Long Island.
Harlem. Ohio g. Kentucky o. and stoning'on. closed at
yesterdays prices A, the new Board, Long Island
declmsd | yer cent yicksburs q Morris Canal. o.
Mohawk, "A. since last sale, Illinois. A. Canton co,
Harlem Norwich and Worcester aad Residing Rsiirosd
Ohio e. and Farmers Trust closed arm at yesterday
prices Ksniseky o. ~ u Eris Raaro.d. w. The sales
very large eitbsr Board The brokers Loci
sure Of another advance before the week closes
Tbs following Iss comprises most Of THIS eoani~rssts
that have is'si, made thsiF sppssraaesi-
o. STATE sank Of Ine..ns o Bank Of Rechssisr NY
hslis.,sa ''"s Trs ss,"f ssss s..ys s'fs
ss"A q la's 80. s 70 a:s,e s %, ssss
oun,y BANK. " ises Mesa Aa.siss bsnk. Bosisn;
sos 100. sna EOS Ner,h ssnk Of Boston Mschsne.'
ssns,s no.. nr,esss.' a. p.a,s r.ns ~ rhas,
Bank, Philadelphia a. Frmstt Bsnk q NAlonr. n,
los bank q Chester County Pa. 70, nssk q bristol
los Montgomery Co. Bank, Johnsse~n. " sos rsn.
Geld Bank, y ae- Bank q Chester County, Pa ..
Moyamsnsing Rank. Phisdelrhia los safsk Bank a
Boston Is Merchants Bank New Yofk.
The Boston money marksi continues IN a very easy
state. Money sbsndsni thsi stocks gradually
reaching very high prices Operations On the Boston
stock market principally confined 10 good tvidsnd
pay ing securities fsnces end isw purchasers In that
latitude there very tea desperate stock speculs-
tors eas, Of New York For Merimse Company a. per
cent premium asked, Tor Amossssg 90 Is demanded
The Dwight and Perkins Companies have made dividend.
Of and no per cent for six months and the Menac 10
rer cent The Hamilton viii soon make equally liberal
dividend Rairosd stocks In favor improved
dividend time approaches Worcester Is ~ again TO Isl
Lowell 81 Eastern 10 for Massachusetts, and for New
Hampshire; Maine s Providence :: and Concord ~
per cent advancethe latter dividend Westerns are
firm at s7st Resiings $40 Portland 5000 chslestown
Branch ssot Norwich. s72 For Fchbursh stock there
great inquiry, and holders demand 10 per Cen, al
vance.
The Legislature Of Connecticut will probably, grant
charter for railroad from New Haven the New York
line. This will make the connecting link in the rail
roads between this city and Boston The Joint Select
Committee OF the lower House. TO whom resrrsd the
petition for charter reported resolution incorporating
company, allowing them capital stock Of s2eceooe.
with power to increase to 81 900 600 with shares 800
each This bill from the Senate, amended
make the stock liable 10 taxation, in the
personal estate
At sale of part Of the assets Of the Girari Bank, rha
dephia, the following stocks and securities sold
25 Bonds of 900 dollars each Of the New York Prov
dence and Boston Railroad Company due IN August soa
payable the LIST Of August and February in every year
with interest warrants attached to each bondS0 %
$780,
500 shares Of capital stock Of the New York. Prov
dence and Boston Railroad Company. par value Of each
share 100 dollars-S53 % per share.
5000 Pennsylvania Five per cent Loan 20 per cent
$50 on 500.
7o5 shares Of the capital stock Of the Morris Canal and
Banking Company, par value 500 All sold at $40.
SOL shares of the capital stock Of the Commercial and
Railroad Bank OF vicksburg, par value 500 solds'
SIC s7t per 500.
On the 10th instant all the assets that be scrsped
together of the Buffalo branch ofthe u. States Bank will
be sold auction in that city The asgness end trur
tees of the broken down banks throughout the country
making great efforts to place them their feet again.
but the times hardly ripe enough to nsure
passage through the court Of bankruptcy has not had that
purifying effect supposed II would Any one wouldna
uray concudethat such unpleasant oper alton would
not be eaced from the memory of any one but it
certainly appears pretty plain that the producing
bankruptcy have passed from the minds Of many and the
headlong, needless corsew be again pursu-
The revival ofa few of the broken down banks would
hurry along the crisis very rapidly Many Of the instu
tons that caused the general wreck Of ls37and u.s.
carried down with the movements they themselves set
in motion. They foundered in the storm they brought
into existence These institutions at present power
less, but of them have little vitality, which by
good nursing may increase to full vigor II the expert
ence OF the past exerted the slightest control the
Of specializing banking institution, for the
future there would not be much danger now APP
prehend they beyond the most trng restrictions
they know no restraint when in motion, and they
are only destroyed by the extent of their imitation
like the frog in the fable, they swell themselves until
collapse takes place in their corporations. The
country is at present in very prosperous condition
Everything advance the wealth Of the people
prolific bless the husbandman with penty-ths
internal and external affairs of the nation at peace and
the financial position very aatterng-the laws OF trade
firmly established and at present speculs
ton is confined to few stock gamblers. This encour
aging state of affairs be very easily and suddenly
changed The whole face of trade and commerce can
be revolutionized at All depends upon the move
ments of individuals who hold in the hollow Of their
hands the destnies of millions tits well said that money
power The power to create and the power to control
are greater than the power OF possession truly said
that there the greatest danger the commercial classes
during period of prosperity. There is daily danger
while we have unrestricted system Of banking and
during the existence Of what is called good times OF
sudden branch out into species Of speculation
that will spread the whole country and emerge It.
self into all departments of business
The annexed table of imports into New Orleans will
give idea Of the increase in the forwarding business
carried on in that city.
iMroRrs NEw oaLEAss FROM sErr. i.r TO MAY isrn
1913 AND 1884, WITH THE PRcEs CURRENT AT TINE LArh'r
Bacon in bulk lbs. s W. f Exc &c. o 49, s' *:
s ss S SsSs,:. a"H"n "Ssss" a'.'''
s:ii; Il. ; ;s:' x:;S' s !:: :s:,:S'
S'sn, $,:a ! sss ~
A ;%' SsSai'' s;ss s g. sss jss g Is;
e. C. Ess:' III: .95 i xxx s,;:' ~.'S
81 s;s :s: liS