The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-01-24

MONEY MARKET.
Saturday, Jan. 1856 Pm. {.
Quotations continue very firm and transactions to
some extent Long Island, Canton, farmers Loan Hnr
lem, Norwich and Worcester, and Reading, closed at
yesterdays prices Norris Canal advanced per cent
Holders of all the ancies very stiff and there is evil
IDENTIFY atendency upwards The money market is stea-
dly improving and the banks not cautious they
have been for sometime past The financial policy do.
temined upon by the government has relieved the pub
lie mind and there Is more cor .dence in regard the
position Of publ affairs The large amount of spe
Gle known to be boari the Hberna. due, will,
upon its receipt have very favorable influence upon our
money msrket, and tend 10 o further Improvement in
fancy stocks.
The annual abstract OF the Massachusetts insurance
companies showing their condition the Of Decem
ber prepared under the supervision of tho Secretary
the Commonwealth has been published Its value az a
document, however, is materially essened By the fact
that there are no returns from Lowell Newburyport
Springfield Worcester, Taunton, Northampton, end ma
ny other important towns
The number of insurance companies ncoi porated with
specific capital in that State included in the abstract Ia
49, Of which l6 are in Boston. The aggregate capital
S6775 000$l 200 900 Of which ia in the twelve offices
out Of Boston. The total amount of marine risks is
ofwhch $44 47o ass is held by Boston Offices
Fire risks SOL 6l3 s6 only $7s of whsh is held by
Offices out of Boston. The average annual dividend of
offices in Boston, ii 3400hs per cent of Boston,
6l0oths Amount OF fire losses paid last year 5000 6e
marine losses 81 ,479 98s.
The mutual companies included in the abstract are A.
in Boston, in Now Bedford and in Provincetown
Aggregate amount of assets 040 Losses paid last
year marine risks $3654l4 Insured during the year
marine risks, $40 2s9335 Losses fire risks $1,000
Insured Sill Amount Of dividend last five years
$l577ls
The condition of the Bank of France has called forth
remarks from the press of Paris in relation TO the at:
tempts made to negotiate loan. The annexed we ex-
tract from the National which comes down upon the
| managers Of the bank pretty severely
few nd days 49, the great aS
sion to return to the subject Yesterday however, the
directors continuing under the Influence Of the same
panic entertained the Of raising the rate of dis
| count few days since they debated as to whether
they should not limit their discounts to bills having
sent Plans abandoned and resumed, fatal agitation.
which coming from the Bank ITSELF throw difficulties in
establishment whose principal duty is create secu
rtv produces fear uncertainty and dlstust She ought
to have foreseen than three months the e,ct
to be produced in Paris by all the which she
acquainted with in common with every else. Ia the
shortness of crops fact Was it not known that
certain quantity specie would be applied the
chase Of wheat and other grain VAST not known what
As u.s. called attention. and again to
| these subjects. All other circumstances. which at
w Snown hen as The
| to have taken measures and been prepared for
all contngences for she is in possession . Of all
sufficiently foreseeing to render her CAPITAL available
she would not now experience any WHAT
ton OF bullion in her cellars she wishes to limit her
transactions and reduce the amount in hand of discounted
paper She ought to prevent, hut she creates crisis.
Whence arises this panic under which she labors D
Have specuatiens been carried to produc-
shock those great with which the trade Of other
countries is sometimes visited Have in France
.hots,p
which shake the strongest houses and the rot
ten Nothing Of the kind The quantity OF specie in
900 of francs The quantity has never been so oW
and the decrease goes tho bank gets frightened
state Of hngs which has caused solely by her i'm
prudence and which 10 daily increased by her ndccsisn
600 900 francs from Bank Of England and nothing
If there is much fear it is time to come TO de-
Of fear, and, instead Of coming quickly 70 a oonclu.
sen, they shuttle, they discuss upon gold or upon
tsnt and urgent thing is to quiet mind of the public
and her own They do not see thst when the bank mas
to touch them. and that she will soon see her
stock Of specie doubled Is it by acting with timdjty
pscted that little means and digging little cutters viii
bring money back TO the only reservoir Of credit Is
this the way in which the directors understand the i'm
portance OF exclusive privilege, and the obligations
1t imposesl Many causes have been mentioned as &C.
counting for the disappearance Of specie the amount
required for the purchase of wheat has been greatly
aggerated but It has not been srid that for several
= months French money has been going to Bavaria Prus
jects Of enemies Nothing said about loan of
so Of FORMS contracted at Vienna with the
Rothschild nothing has been said Of the specie taken
from the bank by d'Echthal for SIMILAR purpose.
No notice has been taken Of five franc pieces
vsred into bars to supply the wants Vt Germany which
. exhausted Our oonfding and blind country looks
with Indifference the warning given by the press in
lieves in danger when Is come We have frequently
dwet the danger attendant the suppression Of
minis and concentrating the coinage In tho hands If
da O IN
been the consequence The trade in gold and silve
bullion has become in this house, already powerful
formidable monopoly What further happened The
price ofsilver which on an average at rose to 81
and 10 at l0r DOE. 1t would If the govern
ment, ministers and the chambers, had coalesced
to the strength and the riches OF this king
metal His the osns railroads. wheat contracts ht
monopoly of the mins! And he gratefully has doubt
fastened say the bank "You so Millions her
they !" No. the concerns Of the bank are not his. e
l. her get through she may. M de Hohschild 10 Eng
}, lsh Austrian, Prussiap, Dutch French according
profit 10 be made. He is in tho right and shout
nothing say against IL all the coinage OF money
had not been concentrated in his house ana the pewe
strongly acting the trade in gold and silver bull
lion had not been given it, This is no longer private
matter, but public one, and it natural that when
considering the embar Of the bank and thu
general state Of the place. we should call attention
uted create the existing difficulties We have, howsv
err while pointing out the of the expectation o
SPECIE avoided calling the patriotism Of the dealers
money They would have laughed at us-monsy. bag
own no country"
Old stock Exchange.
$1,000 sSS rfas bk 3D.. go 'A' harlem XIX bio
? 5000 5000 Reading Bds' SO ~ % DO sS
1000 Read: Mort. Bd,. * so DO SO a
50 Farmers Trust so asl1 50 do bso .ss
+: 4: IS & r r';: a ,'. s'. 4 .s..: Il