The New York herald., 1845-02-10
MONEY MARKET.
Sunday, Feb. Go r. M.


The Stock Market during the past week has been
rather quiet far extent of transactions
cerned but quotations have generally improved Consi
derjng the advance in prices, the amount Of business
done has been very limited There are however, strong
symptoms Of a speculative movement, and we should
not be surprised quite excitement Of this nature
in avery short time The banks having made their quar-
tery reports discount freely and the Money Market
is already decidedly The rate of interest has
been reduced to five and six per cent from and
nne and stock operators able to obtain loans terms
enabling them to enter into speculations.
The large importaons into this port, far this
may not have the effect the money market antic
pated These goods coming into market already
ovcrstocked with similar articles and they find sale
ALL must be at very reduced prices. We venture to
ser that the foreign manufactures daily entering at
the Custom House of this port will not bring in the
k particularly if the sale is forced than sixty to
seventy per cent the invoice value The value of the
importaons into this country is taken from invoices
made place of exporation but the value for
the purpose Of placing the duty is made up in variety
Of ways according to the provisions Of the tariff act.
It matters little what the invoice value Of the foreign
manufactures imported into this country, may be, the
value realised for them in markets. regulates in
debedness and settles the amount to be charged against
u.s. The importaons into this port for January,
valued at the Custom House, at $6347 no. upon which
total value Of the importaons for the month
The mporaons for January, by the time they reached
the hands of the consgnees, valued at
about eight millions OF dollars. These goods, coming
into market already over-supplied, must to rc
duce the market value of the whole stock and by gu
ting the market, compel the owners to submit to very
great sacrifices. It supposed that the sacrifices thus
submitted to WILL before many months have passed, tend
to diminish the importatons end restore the market to
more healthy state.
Stock spectators taking this view OF the present state
of affairs, anticipate expansion in the of the
banks snd an improvement in the stock market Some
Of the fancy stocks have within the past few days. ad
vanced several per cont. Canton company during the
past week improved per cent? Long Island d; Harlem
81; Farmers Loan s; Norwich and Worcester 81 Ston
ington 2t; East Boston !. The advance in Canton is
without doubt partly produced by cornerng operation
but the affairs of the company improving rapidly
that the actual value Of the stock is daily increasing
The capital Of this company is invested in real estate
the heart of the city Of Baltimore, bordering the
hay, with water deep enough to float vessels drawing
twenty feet Of water anywhere along the shore Several
large depos Tor coal have lately been made and large
commodous piers have been constructed for the
nienca of vessels loading with this article The Mount
Savage company receive hundred and seventy five
tons Of coal daily, part of which is the Cumber-
land coal article partaking in equal proportions of the
anthracite and Dtuminous Qualities which IS command
ing the consumption Of coal of this nature in the principal
markets. which shipped from their depot by vessels to
the northern and eastern markets Any advance in the
value of the lands Of the Canton company advances the
value Of the stock The advance noticed in the different
raj road stocks be attributed principally TO the in
creased productiveness of the nes and the prospective
value of the stocks investments The Long Island
company will soon publish report Of their affairs which,
informed, in very favorable condition The
Norwich and Worcester company will, without doubt
be able to declare dividend similar to the last, at the
end of the next six months.
We annex usual comparative table of quotations
for each day during the past week, showing also the
closing prices for the week just closed and for the
week previous
QUOTATIONS SroCKs NEW