The New York herald., 1845-01-23
IONEY MARKET.

est real improv in the stock market Money con
nues very scarce, and foreign exchange very high and
until some great change takes place the market
cannot expect any permanent improvement in stocks So
long as sterling exchange rules above per cent pre-
MUM, the banks will not withdraw the restrictions they
have placed upon the money market Farther advices
from Europe are looked for with the greatest anxiety
both by cotton and stock Spectators. Should the
counts In relation to be favorable II will raise the
credit Of cotton bills here and create confidence in them
All we want 10 relieve the nsrket is the establishment
Of the credit Of bills OF exchange drawn shipments Of
cotton that remittances will be made In bills instead
ospecie There avery large amount OF these bills in
the MARKET but indebted sbroad araid of he
and in forwarding funds. either purchase the bills OF the
leading houres here, or make shipments in specie
The Board of Directors Of the Greenwich Insurance
Company have declared semi-annual dividend of five
per cent, payable and after Februarylst.
Five dollar bills of the Lspeer Bank, Michigan, alter
Cd to the Northampton Bank. Mass, have made their ap
poarance in Boston.
The Lockport Bank and Trust Company have resumed
the redemption of s notes. Its bills will be receives st
the Mechanics and Farmers Bank in Albany here
teforc We assured that the Bank possesses ample
resources which sufficient after protecting the pub
c leave the larger part of the capital for the stock
holders
The Rhode Island Agricultural Bank Of Johnston has
been placed in the hands of Receiver by the Bank CON-
missoners of that State, and appears that there has
been fraudulent ISSUE for OF the notes have already
been redeemed than the Cashier reported to be in circu
ation The outstanding notes not redeemed, and it
Is probable they never will be-
The Directors Of the West Branch Bank Of williams
burg Pa have applied to the Legislature fer reduction
OF the capital stock from 5000 900 to 100000.
The inaugural message of Governor Skunk, of Penn
syvana to the Legislature Of that sae is very brief
of he ind Init rnnnp
date attention to the financial affairs of the
wealth The Governor carefully avoids expressing any
opinion on the question Of the immediate ability of the
Treasury to resume its Of interest This que
ton requires for its safe decision careful examination
of the fiscal sars ncllding the and
liabilities Of the State Judging from the Of the
Governors remarks should think the cautious poll
cy he intends TO pursue tended directly the non-pay
ment Of the February interest
In the face Of the existing condition of commercial sf
fairs stocks cannst but feel its influence Quotations are
therefore, very feverish and the market very unsettled
Pennsylvania Ss improved per cent with very large
sales Erie Railroad Mohawk Illinois closed Arm
at yesterdays prices while Farmers Loan fell of per
cent Norwich and Worcester Il Canton Long Island
/ aud Morris Canal H. In remarks yesterday, in
relation to the last named stocks, stated that from
to thrtysx thousand shares In the hands
Of the receivers previous to the of the
half Of that quantity wus in the hands Of the receivers
the other eighteen thousand shares being
the hands of the trustees Of the United States and Grard
Banks havirg been hypohecated to those institutions by
parties indebted and paid by those taking the benefit
Of the bankrupt law The recevers scrip came into the
market and its appearance astonshed those engaged in
the cornerng operation who imagined they had all the
stock in the market under their control The operation
in relation to the claim ofhe State Of Michigan
Aha~,
gan loaned large Of money to the Morris Canal
the security Of which the Canal Company deposited with
the State certain of assets consisting Of various
kinds of property in New Jersey and elsewhere II was
the object spectators to get possession Of these
and the agent delegated to negotiate with the State auho-
rites represented the affairs Of the Canal to be in hope.
less condition, and the assets constantly deprecating
value. In consideration Of these statements &c. the
authorities Of the State consented to public sale Of these
securities which, the contrary very private and
managed principally by tho interested parties here who
became the purchasers at $4,000 By this operation
pears that assets given to debt of several millions
bought up only Ss000 and mortgage 5000 900
wasobtlined for six hundred thousand No one could
find the slightest fault with these movements had the
parties represented the Canal Company merely pur
the portion held by the holders Of the Dutch mort
gage, and the State of Michigan but they only repre-
sented Themselves aud their interests while they
publicly proessed to act for the best interests OF stock
hol;ers Of the Canal Company The stockholders having
suffered severely by the operatons Of the clique engaged
in these transactions determined to bring the subject
before the proper tribunal to bring about thorough in.
vestigaton Every member the clique referred must
have cleared full fifty thousand dollars by their ransac
tion in the Morris Canal independent Of the profits
sing from the sales of stocks they had
all the pickngs in this business il Is now time for the
lawyers to have hand in the concern, and when
they get fairly hold of it, there will be little le for any
other party interested The exposure of this affair." show
ing the modus opsrasdi of the things in Wall street.
created considerable excitement in that vicinity but we
have facts in possession in relation to other stock
bubbes Of the street that will this There
is the Harlem Railroad, the Canton Company the Erie
Railroad, end one two others. In which nearly the
same operations have been practced.
The foreign and domestic trade of Cleveland Ohio for
ls44 has been very extensive The rapid growth Of the
cities prominently located the shores Of Western
kss and the development of the of the
try bordering those waters is wonderful The imports
and exports Of Cleveand for the past year.
to much greater than any year previous and
the commerce ofthat city must from its geographical po
ston eventually exceed that of any city west Of Buffalo
The trade between Cleveland and Canada of great
portar to the producers Of the western country
provides outlet for large quantities of their surplus
products which otherwise would remain in markets
and serve to reduce the value Of the whole.
COMMERCE CLEVELAND. ONO, 1874
1MPoRTs-CoAsTWIsE
- ratue. Salue.
1926 hbls SALT SlJ1I9 1856 cks ashes 81, l20
2G60 900 # iumbsr.. 1855 06 marble :. 676s
2847 shingles. 7ll7 1,l28 pieces do ,,,,. 6.768
e,s99 bbs fish -. 6703 1929 burr blocks :. . 2.632
3oS3 tons mdz eoR a0A % tons burr blocks. 1890
620J8 packages "''' SO sacks wool 80. $500
93t tons plaster, 5706 1Ht bbls water lime 3i48
sea 95a lbs iron 33798 41483 lbs. rags LO37
l03482 do castings, 1889 1875 sides leather 38 205
a28a pkg furniIe, 1874 I26 20 WAGONS aud car.
$40 cks seeds. 1884 riages ). ........ $500
47O cords lime els stoves. !. ....... ., ,a6O
stone. ...;. 1850 tons hollow ware, itO
332 rds WOOD ais 174 casks oil .... 6 600
S03i bush, wheat J,MS 3tI6 sheep relts 1885
1888 do oas.. 1919 1879 bbls flour ..... 4796
8lt bb!s. pork. 1853 233 casks liquor and
1876 cedar posts, 9,s wine. !. 49,. :. as 300
lr3s8 Kegs white . 2,eo6 kegs nails l6, 1876
Lead. 6,l52 10,i60 hoop poles. $500. lOi
70 txs clocks 52M mi sfooes I'M