The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-10-12
MONEY MARKET.


Sunuay, Oct HIS r M
The philosophers of Wall street have not for a long
time realized such week of inactivity as the Just
closed From Monday morning to Saturday night nothing
ohe slightest interest transpred to give the least mpe
tus to business and the market closed heavy Some of
inc party papers particularly those in the opposition at
tempted to get up few squibs against the government
In consequence of the visit of the Secretary of the Trea
sury to this city uron business connected with his de-
Partment II is stated by these authorities that his ap
pearance here at this time solely for the purpose of
raising loan Of five millions Of dollars and that he has
personally applied to the banks in Wall street for loan
Of that amount upon deposit of Treasury notes. bearing
interest at the of six per cent? and further that in
consequence Of the embarrassed condition OF the finances
OF the government the falling of in the revenue from
customs and the changes about being made in our CON-
mercia system the reduction in the tariff &C. the bro.
positions made by the Secretary have met with any
favor and that he has utterly failed in forming the loan
required. 1t would appear by the statements made by
the opposition press that the Secretary had almost been
on his knees to the presidents Of of the Wall street
banks, begging for loan. All this will do very well
just previous to election and possible but hardly
probable that these things may have certain extent
the effect anticipaedbut there is such small portion
Of these statements true that they lose great deal OF
their influence and weight The government has a sur.
plus Of nearly five millions Of dollars in the different de-
poores, and balance Of eight millions of Treasury
notes which it can issue at rate of interest necessary
which will make them much sought after by private
capitalists With these resources, the government
not se very hard up; and whatever preliminary move
ments the Secretary may have made in relation to the
finances OF the government there is foundation for
the report that he has personally directly applied
the banks for loan. He has authority raise
money any conditions. than the amount named in the
Treasury Note bill of last July and there Is no difficulty
anticipated in raisingha amount upon the conditions left
discretionary with the Secretary is highly probable,
that as soon as Congress convenes bill will be passed
authorizing larger and direct oan rate of interest
desirable to capitalists but until that time the
of the government will be equal to the expenditures and
the endorsements anticipated by those desrous of pre-
JUDGING the public mind against the administration will
exist whore but in the brains of those predicting ruin
TO the country
We annex our current comparative table Of quotations
for the principal stocks in this market for each day
the past week. and at the close of the week previous
With one exception there has not been variation in
prices of per cent during the week, uniformity
rarely reached for that length of time. 1t will be OBJ
served that there has been single operation in
of the fances this week =
QUOTATIONS FoR THE PRINCIPAL SrocKs IN THE Nyw