The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-05-20
MONEY MARKET.

The stock market continues without any material
alterations Some of the fancies go up and go
down from day to day. Everything connected with
stock operations appears to be in very unsettled state
and Spectators shaking in the wind waiting for
some kind OF breeze to give them start.
At the first board to-day Harlem went up z per cent
farmers Loan, a Reading, "a Reading Bonds, al
Treasury Notes, 4; Long Island fell of Il per cent;
Canton, al Illinois Bank "a Reading Mortage Bonds, al
Ohio 6's, Morris Canal, and Norwich and Worcester
closed at prices yesterday Sales made to
some extent at these variations there buyers
for any amount offered
At the second board Pennsylvania 6's went up per
cent; farmers Loan, a; Harlem, u.
Money Is exceedingly abundant and the rate Of in
terest ranges from four to six per cent Large
have recently been made at i've per cent sixty and
ninety days. and the banks discount freely all the good
business paper Offering The large amount Of deposites
in banks good evidence of the abundance of money
and the Improvement in the market value of
and State stecks shows that investments being made
in these securities to some extent,
The mportatons OF specie into the ports of New York
and Boston from the LIST of January to the 10th Of May
this year, have been annexed
IMPORTATION or SrEcIE-NEw YoRK AND BosroN
Boston, jan to May 10. .Sl0,066,957
New York, do do. .............. 6,998,7
Total months, Is days. .$l7, O65y692
The importatons of specie into all the other ports of
the country for the period will probably amount to
than three millions swelling the aggregate to our
estimate of twenty millions of dollars.
Some days since in remarks relative to the bill
filed for an injunction on the Reading Railroad Com
pany we suggested the policy Of demanding an imme.
date investigation but have since learned that it is
entirely out Of the power Of the company bring the
affairs to a close moment than the court in
which tho bill is filed chooses to give hearing and in
the regular of business it come up before
October. Had the parties bringing this bill wished an
hearing could have been obtained the matter set
tied at by filing the bill in the proper court but it
appears that immediate examination would not have
met the views of those interested their object evidently
having been to protract the affair much possible
for the purpose Of keeping it before the public II the
applicants for junction and receiver really believe
that the assets Of the company being
they believe that tho operations which they describe
have actually been made they believe usurious
transactions detailed have actually been made, why
did they not take measures to have the Injunction
granted and the receiver appointed at once instead Of
giving the company 1--WE months longer dssipate the
property Of the bondholders and stockholders! We
merely put these questions for the benefit Of those
erestcd with the impression that they Salts
factorly answered.
The importation Of merchandise into this port from
foreign countries since the LIST Of JANUARY ls47 ex
ceeds slightly in value the importation for the CORE
spending period in Isi6. The unavoidable exhibits
the quantity Of certain articles imported into this dis
rict In the first four months in each the past three