The New York herald., 1845-11-05
MONEY MARKET,
TnpaH NV Nnxy A

day. stonington fell off pcr cent Erie Railroad ;
East Boston, /; Long Island, Iii Harlem, Ii Canton Il;
Farmers Loan t; Norwich and Worcester and Vicks-
burgh closed firm at yesterdays prices Morris Canal
improved I; Reading Railroad /; Indiana t. The sales
were not very large and the market appeared be
the eve OF break down. The decline in quotations
attributed to the nature of the accounts from Europe
The advices from Europe by the Caledonia, although
eight days later than those received by the Great West
ern do not give any decided relation
the harvess The cotton market in very unsettled
state-the demand rather limited and holders were
anxious to realize at the current quotations The
markets were very active and prices rapidly
proving The crops in the northern part of England and
in Scotland not wholly secured, and it was there.
ore impossible to arrive at any conclusion to the pro-
bable yield of the harvests of lS45 1t is anticipated
however in many section of the country that the crops
will turn out much favorable than reported
have invariably found that the early of the
crops the favorable and that the season
vanced and the thrashng progressed tho yield fell
Of the estimates. There is very little doubt but that
SPECTATORS in corn, on the other slde have
made every effort to alarm the public at home
and abroad for the purpose of getting up an ad
vance in prices, but with due allowance for all
these things there is doubt but that the facts will
very nearly up the current reports 1t is not
much the deficiency in the production of wheat that has
ralseu prices OF corn generally
the potato and all other root crops Great Britain and
upon the Continent Prices of have advanced in
France, which confirms the previous accounts of deic
ency in OF the crops of that country connection
with the advces in relation to the high prices of
throughout Europe it appears that the Bank of England
has advanced the rate Of interest three per cent
short paper. This looks though money becoming
moro valuable and the condition of commercial affairs
generally induces think that increased value
will be permanent The demand for money to make up
the deposits required the railroad lines will serve
to keep up the rate of interest Thirty millions
been said 10 be the amount required in deposits for the
projects representing total capital Of faoO oOo
The correct account gives understand a32 schemes
brought up to Sept 80, ls45 requiring gross capital Of
f27O OoOo which f2s 400 will have to be de.
posted. There have been 400 new schemes projected
Thus much for the English projects In foreign matters
66 have appeared up to the soth September requiring
fl9o,olo,ooo; deposits, fi7,o95,45O
The railway excitement continues unabated,
and it is anticipated that Immediately after Par.
lament meets the mania will be much greater
than 1t is possible some measures may be
adopted, early in the session, to check this immense
speculative movement but should the lines in
temptation pass the board trade and receive the
ton OF Parliament there will be limit to the excite
mentand will he impossible to tell what will be the
some luea OF extent Oh
only necessary to slate that there six routes in
temptation from Manchester to London, for providing
nearer route than the in operation The capitals
OF these lines to f23 and the shares ofeach
are tapremHm. Railways about being built among
the mountains in Switzerland and equally visionary lines
in contemplation in several other parts of Europe
This movement differs much from any Of the srecua
tons that have heretofore taken Of the public
mind that there exists very great difference in the minds
OF capitalists and others theresnt. Many predict
sudden and tremendous explosion and contemplate ruin
to the thousands engaged in the movement while others
prophecy successful and profitable completion of all
the lines contemplated, immense Improvement in the
lines now in active operation and general increase in
all the departments Of industry, commercial manufacture
ing and mechanical.
There was better feeling Ia the London market in
gard toAmorcan State Stocks There was not much bus
ness doing in them, and quotations therefore in
mostcases nominal Tho closing prices ruled follows
Alabama os 90 %, nom do sterling 10 ~ do; India
na SIS 81 80; Illinois 81 30 Kentucky 90 % Lou
Union Bank 80 do Consolidated Association 10
Massachusetts, 5s sterling par ioa Maryland 5s ser
ling, 90 60 ex coupons; Mississippi Planters) So do
(Union) 20 as Ohio 6s SO es Pennsylvania os 6s
70; Tennessee 6s SO 90; New York State SIS ss 90
do. City 5s So So; United States Bank ls a 2os
Tho weekly returns of the Bank Of England from Sept
9Th October th exhibit reduction in several Of tho
departments.