New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-03-14

vsea q eos sass Of Goa, previously this year 2+l9i
ssaaI, 26A2e2 suns. Same time last year, 80 tuna
The money market continues to show the
ysxefwe have noticed for q few days part To-day
WIS strl more apparent Call loans were more easily
sbsained at 2 y cent, On good stocks. and tnefe
appeared TO be much less inquiry srnong tne
borrowers Paper aso goes more easily AZ ray
cent better rates than the lowest point Inc DAnA,
having got In nearly all their call loans and dSc0anea
title or nsthpg for the last week or two nave 0st
tkeir ability TO distress the financial comm more
for the present Operators have relieved themselves
a. L,.as ~ s,o.ks engsreroepts are much reduced,
capital has come in from private sources and the worst
.f The nressur. Ia spparently over One OF the City
,ur,sl, has len. t,ef 70 the bears and mas done all IN
Ne pover 10 hiring ON still panic, and instead
f ,os;n, q, the condition OF the money market in
.heerfl Isht a. the facts would justify, has boldly
,oa;.,ea commercial crisis which should bring the
fabric Of our property tumbling about This
80, NJ thing however has been done often in that
smarter without the appearance Of the threatened
srtis that the croakngs Of the journal in question
have long ago lost all influence. We generally prefer
% oonfne remarks TO simple notices of The daily
transactions and changes Of the money market and
10 socb details Of facts bearing upon the current
business and revenues Of States and corporate Com
panses M win enable our readers 10 form accurate
estimates Of the value Of public securities we
are however, constrained 10 cay that the sate OF
SAings in our money market during the past TWO or
three weeks has been such makes them the proper
s,biect Of somewhat critical For many months
mast money on temporary stock loans las well as on
vapeT has been very freely loaned by the Banks This
hes enhanced the prices Of the old speculation stocks
and very largely encouraged the introduction of
urge number OF others-spy Of them OF at least very
uncertain not doubtful value. The large increase in
she number of Banks at time when it was difficult to
lend money safely at full legal rates-increased the
competition among lenders. The new Banks, anxious
10 make early and large dividends competing with the
old and In going largely beyond their pro-
Der amount of loans The result was very large in
crease ofcreds until suddenly their policy was changed,
he large Banks called On the small for balances-draw
iog and fedrawng on each other for specie ensued,
demand loans called for In large amounts, and
pressure local the over-expanded Banks and Stock
dealers ensued. The absurd regulation a. TO Bank
statements making particular day In each week
DAY oftenor Banks and temporary borrowers added
20 the stripgency.
The whole thing unnecessery-uncalled for by
NE actual monetary state of the country, and in
short time matters will probably resume their usual
comfortable state.
During this stringency several of the large private
BANKING houses have been liberal lenders, and done
mach TO mitigate and stop the evil There has been
no special pressure thus far among the regular bust
ness men, and the foreign Exchanges are low, the
California supplies certain, the West and South rich
and sure 10 meet their spring engagements promptly
We cannot see that there Is any probability of any
prolonged stringency in the money market It's to
be hoped tba, the Banks both large and small will be
more prudent hereafter and not in their great anxiety
10 make large dividends, be the further occasion Of
sudden and disastrous changes. For II they he the
AabuaI authors of those violent fluctuations In the
money market they will in time be regarded rather as
ssisances than useful institutions In the community.
The public debt due LIST July, 1853 aud which
TIE Secretary sdvertises will DO paid presentation,
amounts to within fraction of six millions of dollars
The earnings Of the Michigan Central Rail
poad for February have been received, and show
hrge gain over last year.
1852. 1883.
Passengers -Sl0O6l OF Sl5,O57 80
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