The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-01-01
MONEY MARKET.
Thursday, Dec. 3l-8 r. M


There has not been much activity in the stock mar
o-day, and no material alteration in prices. There
cry little Opposition to operate in any Of the ic
until after the Independent Treasury Act goes inb o.
ration, a. there is considerable anxiety to see Wit
effect OF that act will be upon the market Thu bu
are making desperate efforts to sustain prices, ar hs
50 far been successful enough to prevent any ver gr,
depreciation.
Atthe board to-day, Canton went up \ per cent NJ
witch aud Worcester, u; Reading. x; Indiana, .x =;
nois' u Harlem fell of u Morris Canal, u L.
1855, q Long Island, Pennsylvania IS, and Ear
Loan closed firm at yesterdays prices
There has been an active demand for stenin
change Tor this packet, notwithstanding which
tons have fallen of. Prime bills on London. n,
at ia 6A per cent premium good bills, with nan
little known, have been offered freely at AZ
premium. We quote on Paris, ST AK ST 4ah 3AnI
dam, 3sA 80; Hsmlug, Elk 80; BIsn cl ~
II is anticipated that importatons of specie b
large amount, must come in within the next MOI
two. Judging from the extent Of our exports, a
reduced importation of merchandise we should
that the precious metals would flow in upon us to
mepse amou
The trade and commerce Of the country, of tn
just closing, has not been characterized by sty
extraordinary feature. Congress was in sessiol
commencement Of the year, and there was at THY
considerable interest excited in relation to the n
ments of the party in power, regarding the contemp
changes in the commercial and financial system 81
country. The delay experienced in perfscties
various measures had a tendency to unsettle cong
affairs and destroy all disposition to extend mp
transactions in any line The spring trade was
much more limited than anticipated, and DE
influence appeared to exist in all the ramih4o
business.
Early in the spring It became apparent that
Mexico could not be avoided, and the di1icultt,
commercial world anticipated upon the commf,
Of hostilities, had a tendency to induce ospitaq
those engaged extensively In mercantile purse
ticularly in shipping. TO contract their operaY
quietly wait the result. The minds Of the com
classes being therefore prepared, when actual hos
were announced there was particular enec
any thing but fancy stock v hich had for som
boon huttering in the wind affected more or
every puff that came, either in initiating or depr
them.
The excitement growing out Of the war, In CO.
cal circles. continued undated throughout the sr
and the uncertainty which existed in relation to
movements Of Congress, regarding the most iH1'ora
Of the session. continued nearly up to the clio
rbo tariff the warehouse bill, and the independs
treasury act were passed within few days Of the tin
fixed UPON for adjournment, but their enforcement Nv
one exception the wsrshoa:. oil was put on l0r 'svs
uo,,s. Az soon as these bills were passed. the pub
mind b.came quiet, and the adjournment of Congr
enabled the commercial classes to take an observation
and ont their true position and make the necessary
paration, for the enforcement Of the new hnanci2
commercial systems. The fall business was un
,;rnited In consequence Of the state Of oar
trade. The great reduction in the dq
our stole articles of importation, under
tsrir, IscAented the transmission Of orders for
for ensy under the old tariff, and the great
anticpred in prices for goods entered unds
law, compared with those entered under the old
all those engaged in trade 70 purchase no mol
tually required for immediate consumption, AM
was therefore very much restricted Since 4
riff hiss gone into operation. the mportations
exceedingly limited; but there is another caua
importers anticipate very serious embarrs
tho nknsy market, in the event Of the spec
the bdspsndent Treasury act being strfctly