The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1845-08-16
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MONEY nsAEKET.


Prices still declining, and sales increasing. Nor
rs Canal fell off per cent; Farmers Loan \; Pennsyl-
vania 5s !; Illinois I; Erie Railroad |; Norwich Wor
cester /; Canton 4; Long Island 1; Kentucky 6s and
Reading Railroad closed firm at yesterdays prices Sto-
nington went up per cent
There has been very fair demand for exchange, and
the closing prices full high heretofore quote
Prime sterling bills command 10 a l0 per cent premium
The panic created in the stock market by the reports
from Mexico in relation to war; has very great effect
upon fancy stocks Government and State Stocks have
been effected in the least by the tenor OF the advces
from Mexico and Texas The stocks that should first
feel the effects Of those that would be the most IN
aueuccd have not declined faction. The worthless
ancy stocks fall of from three per cent, whe
the smallest prospect Of external difficulties makes It
appearance Having actual value these fancy stocks
cpend entirely upon public confidence and the moment
that is shaken they rapidly decline State stocks are
generally held by capitalists Of large MEANS who do not
them upon the market at the first ALARM and we 40
therefore the extent Of the effect OF uniavorape
accounts from any section, upon these secnrites.-
These are great times for these spectators bearing
stocks and they have been very successful IN running
down prices for several of the fancy railroad stocks
Long Island. stonngton. and Norwich and Worcester
have fallen the past week from to per cent The Nor
witch and worcester stock has declined beyond all cacu
ltions and II is ut present prices per cent stock
1,,o company have declared two three per divi.
deoda The first January and the second last July
The recepts this year have been nearly large last
in the face Of the most determined opposition and with
a very great reduction in the price Of passage. The
Company will be wei able to declare and pay three
per dividend ncx. January, they last Jauu
ay, aud we have doubt they will do so-but in
event Of their not doing the stock must be worth
investment, than the market price. Some Of
the heaviest operators bearing those stocks and tho
bulls are not strong enough to sustain them They must
soon arrive at turning point they have an actua
valre and will not go below IT, The stock market is in
very feversh state and those who have nerve enough
20 forward and purchase of the stocks offer.
ing, even at present prices, will make a fortune
1T Mobile, the 9th inst there was very little doing
IN exchanges The supply quite equal to the enqui
ry The following the rates Bills on Eng
land ~ per cent premium Bills on France f525 a
b.2'l per dollar; Bills on New York, at GO days tai
discount; at 30 days discount; at 10 days. par
premium at sight, premium; Bls Boston, at 60
lays discount at 30 days, at 10 days, par
prem at sight a Z premium.
~ New Orleans on the ID inst, tho exchange market
was IN very inactive state there being very small
supply Of bills and but limited demand Under theae
circumstances the rates were in great measure, nomi
nal though we quote Cor serlInE " 10 per cant pre-