The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-04-06
Nav1Ration Of the Ohio River.
MONEY MARKET.

MONEY MAHkET.
Monday, April Sc p. M.
There was slight variation in the stock markell anu
prices fell of fraction at the opening Of the first board
This universally the upon rising market ana h
yaraby precedes another advance There evidently
disposition among spectators put up prices and sew
eral of the most desperate bears have become bulls
All we want il little more confidence little more re-
lief in the money market little more favorable news
from Mexico, and few more outside operators In the
to put up prices per cent above those now
| current
| The opening Of the spring trade usually has very
favorable influence upon the stock market and in pro-
portion to the activity of trade, and its probable pro-
ductiveness fancy stocks improve When the canal is
in navgabe order from the river to the lake, and the
tide Of produce setting towards this city, there must
be very great increase in the supply Of money in this
market Country merchants will be enabled by the high
price Of produce to pay up exceedingly well and the
city merchants will be independent Of the banks
than they have been for time past This improve
ment will go through all the ramifcations of trade and
all classes must be equally benefited Whatever tends to
increase the prosperity Of the agricultural classes has
similar effect upon all Others and any Improvement upon
this basis cannot but be of permanent and healthy
| character.
At the First Board Vicksburg went up u United
States Bank, d; Morris Canal Erie Railroad, y;
Harlem, u. Norwich and Worcester fell OF Long
Island, u Farmers Loan u Reading closed at Satur-
day's prices.
At the Second Board Norwich and Worcester declined
per cent Farmers Loan, d Morris Canal and Road
Ing closed at prices current In tho morning The sales
ut the Second Board were exceedingly limited. Tho
market closed rather heavy, but it tho general I'M
preston in the street that prices must take another
start very soon.
The packet ship Patrick Henry from Liverpool, has
board f4O375 to Brown Brothers Co, j. j. Palmer and
others
The coinage of the Mint ut Philadelphia, in March,
was, in gold coins 81 9ss $780, in silver, $se6o0 in
copper S2,O3l Total $oo796ll 1t is expected that
the coinage in April will reach $aoooooo
An election Of directors the Morris Canal Company
took place to-day. Mr. Williamson, the President, has
resigned and Mr. Whitney, of Philadelphia is spoken Of
as his Considerable interest il manifested in
Wall street the result Of the cornerng movement
going on in this stock has about reached the turn
ing point As for making the canal productive piece
of property, without expenditure nearly equal to
that required the construction of line of the
same length, it Is entirely out Of tho question, and
something of that kind is realized tho stock is
worth twentyone cents share than twenty-one
dollars We hope a Philadelphia president will be
elected and that the stock bonds, and everything
pected with the canal in any shape, will be transferred
to Philadelphia and that the spectators of that city will
hereafter coninc the mutations and explosions In it
rely to themselves This stock has been the greatest
in the shape of fancy Wall street ever had 1t
has heretofore been enormously inflated and when the
explosion came, has smashed the market all to pieces
The best advice give outsiders is to keep clear Of
this stock; it is a she'll and will crush in their hands
before they of it, II is of the most
countabe things in the world, how such stock as the
Morris Canal, stock which had and never will
haveany value be up in six eight weeks from
six and eight per cent to twenty-one and twenty-five,
advance of nearly three hundred per cent 1t must
appear plain to every outsider generally, that rise
rapid could not have been produced by any increase in
the value Of the stock investment to those who do
not understand the movements in Wall street, the
workings of combination among stock Spectators It
appear very strange how such an Improvement Ia
brought about and their ignorance makes them easy
prey to the sharks Of the street.
Thompson's Bank Note Reporter gives the annexed
account of new countcrfeits.
We have been shown thousand dollar counterfeit
note the Merchants Exchange Bank Of this city;
is half inch longer and half an inch wider than the
usual of bank notes All the genuine notes of this
bank are of the usual size.
Also fves the Jefferson County Bank, N. y"
Paper Of purple cast large each side Of the centre
ycpette, which IL a female with shield and eagle
Engraved by Durand x Co.
The annexed statement exhibits the quantity Of
tain articles exported from this port for the first three
months In each Of the past three years.