The daily union. [volume] (Washington [D.C.]) 1845-1857, 1847-01-18

There appears be material change in the stock and
money markets Funds do readily seek stocks OF any
kind investment atths unclre, and the disposition
the part of holders well those who do not hold, is
SELL Among those who have funds invest the advan-
ages of the stock compared with real estate
of contemplation Real estate is now very low IN
price late sales in foe have not realized more than two
thirds of the supposed value As general things il does
not holders probably per cent. average in New
York. The legal of interest in this State is per cent
and the last session OF the legislature movement was
made reduce it per cent. Even IN this enlghtenes
age when sound principles of trade spreading over the
commercial world a New York legislature be found
casting majority in favor of restricting the rate OF interest
The complexion the such as to lead to the beei
that it will ultimately pass Now in New York city, taxes
cents say per cent, and as mortgages aud real
rgidy hunted up but few escape the assessors
The are that the legal will be reduced to per
cent, and per tax leaves but per cent income
United States stocks, the other hand, under the decision
of the Supreme Court pay taxes, and as efforts have
been made depress their market Value hopes have been
entertained that stock may be had at par III
which case they will FORM by all Odds the most desirable
investment and greatly affect the placing money in other
securities. The month Of February that which the
great in real estate commence and as money
has been and be abundant considerable ac-
vity has been looked for by the Dealers modified how
ever by the advantages offered by the United States stock
which, if the war should continue, is undoubtedly sale
investment. convertible at any time and II peace should
take place. T. or perhaps, per cent stock would be
WORTH perhaps 10 per cent premium 1t Is also the case
that the perfect safety real investments make the
aged and rather be content with lower rate OF proht
the supposed greater FISK OF government
stock enhanced income The issue OF treasury
regarded, however, with general favor They form
valuable medium the internal exchanges, and the lower
formerly found exceedingly useful to M
dyidua holders small of money Before the old issues
were called in the habit rapidly spreading among IN
dviduals who always have or less money lying by
them of buying fy-dolar treasury note, which ia al
ways cash. with the accumulated interest The number oil
have tiity dollars hand that
they know exactly how to place Tor the moment Is
very great for whole Union Thus in the Massachl'-
savings banks there were in lsil isoS9 persons VINO
deposited So 35 average OF 100 eacl ana last year
the number was go 1893 who deposited S0,6S0933, 1863
each This money loaned onc-ourth on real estate
and the balance on bank, railroad and public WORKS Is
be remarked that the seapors and commercial towns IN
show the greatest savngsas thus; Lowell
yives nm average of IS5 and Nantucket $780, New Bed
ford $685. &c greater or less amount OF savings are dis
butcd all the country for which small treasury notes
the best possible investment When the railroad ex-
prevailed the eastward, 1t was matter OF aston
shment to see the aggregate small drawn from
quarters where it was little expected AS medium OF III
ternal exchange those who haze money to remit nothing
Is desirable than notes. In an active state OIL trade
probably $l5 900 would be suspended IN the exchanges
scarcely making themselves perceptbe and, in most cases
would command premium for this purpose Ibe opera
of the specie clause has, ms yet failed to produce any
of disastrous results which its opponents predicted
nowith standing that means the most contemplate have
been rsorted to to make odous When the banks after
long suspenson compelled to pay specie or wind
up many them resored to the chids trick OF paying IN
6yecen pieces and throwing upon the counter heap OF
promscuous CON- for the creditor count out at his
leisure Precisely the trick is resoed to now in rela-
ton the government Bags OF small coin are handed n
with the annoy the officers and the time necessa-
ry occupied in counting is trumpeed in the wing
pers as Outrageous delay at the custom house, while
numbers are waiting" The of a mint here to furnish
a sucency of American coin, doubtless great obsta-
Gle the way Of the smooth operation Of the law according
to its spirit The receipts the cusomhouse
thcless large For the week ending the 18th they
4OO against $26s in the period last year, and
there every indication that the imports will increase and
the revenues swell the advances The following lisa
statement of the leading features the banks of four
merca cities, according their last reports and as com
pared with the same time in the previous year,