The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-05-13
MONEY MARKET.
WeSlne sday. NAV Ia


The stock market is rapidly improving; the reaction
so far has been greater than the Decline all the fan
cies except Reading which still ranges several per cent
below the highest point recently reached Pennsylvania
os advanced to-day u per cent; Farmers Loan q;
Reading a Heading Bonds IA Harlem u; Norwich
and Worcester q. Treasury notes, Canton, and Long
Island closed firm ut prices yesterday Transc
lions were to extent, and there appears to be
very general impression that better times coming
The rapid increase In supply of bullion and its i'm
mediate circulation in all the channels of trade must
before many months elapse have very favorable inau-
ence not only upon the market value Of all public secu-
rifles but upon their actual value Railroads. properly
and udicously located but feel immediate bene-
fit from the increase Of business the activity all our
principal staples will give them.
The steamship Hibernia from Liverpool for Boston.
has bcen at nearly nine days. and may be expected
on or about the 18th iustantMonday -with fourteen
days later intelligence from all parts of Europe Cons
derabe anxiety Is evinced by the commercial
classes, in relation to the character Of our next
advices. and much difference of opinion exists
relative to the state of the markets. We have not
the slightest doubt but that the next steamer
will bring advance in all kinds of breadstufs we
lock for an advance Of at least two shngs -four and
from three to five in Indian close and careful
examination OF all the accounts received by the Sarah
Sands satisfies that the of prices must be
upward, in spite of all the financial restrictions and en-
barrassments the Bank Of England and all the other
banking institutions Of Europe, bring about
The demand for breadstufs is perfectly legitimate
there is no other speculative than an extensive
demand for consumption invariably creates in cyery
important article Of trade and tight money market
can have but very limited influence upon prices Peo
pie must eat If food cannot be obtained at one price it
must be at another It is fortunate for
the nations Of Europe that they obtain It at any
price The course pursued by the Bank Of England In
relation to discounting business paper cannot under
the existing state Of things add busLe to the home
supply Of breadstuffs, reduce the consumption
pound. Breadstufs must be had in some way
and they must be paid for, If not in manufactures
or other merchandise, in specie. The Bank of
England cannot prevent the drain of bullion by
refusing to discount paper given in for imported
breadstu and In the event Of the next harvest being
deficient, of which there is every probability account
of the uncertainty of the potato crop throughout
Europe that institution will have to suspend specie pay
ments Pecl's banking system il in fair way of
being thoroughly tested and few months will show
not.
We understand that ten dollar bills Of a broken bank
altered to the Andover Bank (Mass in circulation
They readily detected the Andover Bank has the
check plate the back of the bis-the altered bills
are plain.
The receipts Of Of the principal articles Of pro-
duce at West Troy and Albany, since the opening Of
navigation this year. to 9Th May and
period in the 1916 and 1885, have been as follows
CANAL RECEIPTS TO MAY 9, IN EACH THE PAST THREE