The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1845-05-14
MONEY MARKET.


Prices current to-day show little improvement in the
market since yesterday. sonington up per cent;
Norwich Worcester /; Farmers Loan, /; Indiana /;
Morris Canal, u Ohio esA Harlem, !; Erie r. Penn
syvania SIS Long Island and United States Bank closed
firm at yesterdays prices East Boston fell off T. and
Vicksburg /; sales having been made of the lat
ter stock since last Wednesday. One per cent ad
asked for Reading Railroad, but no sales
made. The stock market is at this moment in
condition that cannot be long sustained Notwithstand-
ing the fluctuations from day to-day there steady
cline and prices gradually sinking We can find no
for this state Of things in the money market
pta plenty and the rate of interest below the legal
point The excitement in relation foreign affairs
has, in measure subsidized, and nothing in the
perspective likely to destroy disturb the amicabe
terms upon which stand with the principal pow.
of the world There is visible cause why there
should not be immediate and permanent improvement
in the stock market.
The Union Course took the palm to-day, and threw
Wall street completely in the background The old and
Boards of Brokers adjourned very early, to allow
the members to attend the We give below Ok
tract from the minutes, of the adjournment Of the
Board, in relation to contracts falling due to-day.
New YORK PUBLIC SrocK EXCHANGE.
On motion Of Richard schell Esq, it was
Resolved That this association adjourn for the purpose
of allowing the members to attend the great race
between Fashion and Peytona. Also,
Resolved That any contracts falling due this day be
postponed until tomorrow the l4th instant
J. L. JOSEF, Secretary.
The failure of the Bank Of St. Clair Michigan and the
thousand other in circulation with regard to the
other banks of Michigan and of the Ohio banks
have created excitement in that section almost unpre-
cedentcd Meetings have been held in several in
the northern part of Ohio and the feeling growing out of
the explosion Of this shnpaser bank will have very
great influence in checking the bank fever that gain
ing ground rapidly in Ohio since the passage of the
bank law in that State Fears are entertain ed
that the Oakland county Bank and the Farmers and Me-
chancs' Bank Of Detroit would follow suit The Lafay.
cite Bank of Cincinnati has REUSED to take the notes of
the Norwak Bank and the Sandusky Bank. The other
banks of Cincinnati continued to receive them when
presented. The Wooster Bank suspected bat conf
dence had become reesabshed These banks have been
dscreded account Of a supposed connection with
Jesse Smith Co. The Bank of Norwalk has Of
cay denied any connection the Cashier that
dollar Of the stock is owned by that firm or that
the bank is involved with that house in any way Tho
banks in Michigan will doubtless suffer some from the
failure Of the Bank Of Stellar and possible the do
srucon of all confidence in their may send them
in for redemption too rapidly and force them into sus
pension, when they might under other circumstances
have continued in operation and eventually redeemed
iscnce Of the excitement in that section Of the country
to arrive at any correct conclusions the standing of
the banks coming under the suspicious of the people
the vicinity Of their locations We the latest
returns Of tho Ohio banks alluded TO.