The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-01-10
FINANCIAL AND COMMERCIAL.
MONEY MARK e Il.

SUNDAY Jan 9-6 +. NJ.
During the past week there has been rather more In
Nuiry for money than we have noticed LOT some Time
revis Int the effect on the market value OF
not been IN great as might have been anticipated The
hanl., have given the screws turn or two but the
nutside capital was 80 abundant that spectators
found little difficulty in negotiating any required
loan. As general thing, prices at the close ye'ter-
day for the leading stocks were little higher than
at the close of the previous week Within the past
week large sums have been distributed in the shape
q dividends This will get back again into the
street, and will undoubtedly have favorable inhu-
eoce tight money market for any length Of time
Is at present almost entirely out of the question Had
il been in the power OF the banks to have produced
serious stringency should have had it long before
this They have made several attempts to contract
the market and raise the value Of money in each Vi
which they have failed. There is too much capital
in the hands OF individual bankers and prl-
yate capitalists to enable the banks to play
successfully the game practised so frequently
in former years. The time has been when
two or three banks in Wall street regulated the mo-
ney markets of the country. These institutions have
had their day, in this particular, and are now com
PEELED to move along steadily and uniformly. ~
for the interest of all banks to bring ABOUT az tes
slight c0apses in the market ana 10 aise Tue value
Of money. Heretofore, they nave been absolute ana
have used their power to the injury OF the CONNER
c;aj classes Now the outside influence is so great
that keeps these institutions in check and preserves
greater equality in the supply and demand. The
eject is Of the most favorable character it has in
q great measure removed all apprehension OF any
sudden and severe turn Of the screws upon the mar
ket. When the banks ruled financial affairs 80 abso
lutely no one depending upon them for favors or
facilities felt for moment safe. They knew not
what moment the source Of supply might be stopped
and there were other resources left. There are
now dozens of ways to negotiate loans and to raise
money where there was then one 1t is this that
keeps the market steady; and have no fears,
long a. confidence remains firm and mistaken, of
any great scarcity Of the raw material for keeping
the wheels Of commerce in motion.
II is our impression that as the season advances
prices for stocks will improve We see no good rea
son why, amidst all the expansions in prices for all
kinds of property, stocks should remain quiet.
Cede from current rates. There is a wide margin in
many securities for an advance and their increasing
value as investments, independent Of any specula-
Zion, must ultimately give them much greater mar.
ket value. Mining stocks of all kinds must appreci.
ate their resources become developed and there is
ubtlc uouut uot UcAoEc W Twelve
month several Of this class Of stocks now on the list
will command prices one and two hundred per cent
above those now ruling. Coal stocks have lately
taken great starr, and as extravagsnt as many of
their calculations may now appear, they will all ult.
mately be realized. AL the Cumberland coal com.
panies doing we'll II is only within the past year
Or two that the mines Of that region have been Access
sibae. In that short time rapid progress has been
10 - - e.. l.
shall this year 1859 results Of the most astonish
ing character. Railroad stocks which are now real.
" good cannot improve much. but on the contrary.
The tendency Is rather 70 depreciation Competition
viii increase every year, and it's effects will be
more visible.
The Comptroller has given notice that the interest
on City Bonds due ON the first OF February will be
paid by F. w. Edmonds, City Chamberlain, at the
Mechanics Bank, 80 Wall street.
The purchase Of the Large plat of ground at Locust
Point, Baltimore, extending from the ferry 10 Messrs.
Pratt Il Callows wharf, and to the track of the Bal
imore and Ohio Railroad was made by o. p. Jew.
it, Esq. Of this city on his own account. 1t is in
tended as depot for the New York and Baltimore
Steamship Company and for the Parker Vein Coal
Company. The property has a front OF more than
one thousand feet, and embraces from eight to ten
sirabe wharf estate in the harbor of Baltimore. We
stated, day two since, that the Parker Vein Coal
Company had purchased the Caledonia mine, West
esnport mines and the Totten and Jackson estates
located in Georges Creek Valley, embracing about
200 Of the fifteen feet vein. In relation to
Mis- purchase, the Miners (Cumberand) Journal of |
The 7th inst says -" 1t is said the Parker Vein Coal
Company have purchased the Totten property, the |
sale of which we alluded 10 last week II this be So
then the company have secured probably the most
valuable piece of coal property in Allegheny county
Coal stocks are generally good investments, but
where their value is based upon such coal land as the
Totten they must command the highest position. !
The price alleged 10 have been given is in reality
mere bagatelle when compared with its real value"
The annexed statement exhibits the quantity and
salue Of merchandise, other than dry goods, i'm
ported into this port during the week ending and in
Guiding Friday, January 1863
ConnsRH or THE poRr NEW YoRK-wxxIY IMPORTS. |
Astides Pigs Toln. Ar7ces Pigs. Voue.
Baskets ...... 10 $50 India Rubber. e. $3l,3.6 |
Barley NO.. 473 24 Hanufaet'd. II 429 |
Beads ...... 9 1223 Inst musical. 8 2240 |
Books. ....... "a $40 Jswelry ...... 10 1898 |
D.