The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-04-14
FINANCIAL AND COMMERCIAL.
EY MARK EFT.

SUNDAY april loo L. M.
For day two in the early part Of the week there
were decided indications Of turn two in the
on the money market The bank returns published on
Tuesday morning, showing very great increase in the
line of discounts alarmed 6nancers, and apprehenscns
entertained that contraction OF sudden and rapid
CT aracter inevitable The bank loans have reached
1t is true larger figure than before exhibited, bu:
II must be borne in mind that the banking capital Of this
city is at this moment larger the business Of the
try greater and the amount OF property in the channels
Of be moved greater than before knowo
The crops of the Union last year enormous exceed
Ing in value several hundred millions OF dollars those
any previous year. The power required to move this
mass of produce has called into reputation a
system Of credits exteniive and
banded than has hitherto been realized. In this
city several millions of dollars have been added
to banking capital in other parts Of the country
capital has increased both In the hands OF individuals
and Institutions and credit OF all kinds has been
panded, but not to extent beyond our actual egi
mate necessities. comparison Of the banking
ment f this city the sounry at large Of the present
day, with that Of last year the year before, no!
fair way to present the matter Every interest foreign
domestic, is growing rapidly; the population
productions OF the country increasing with great
rapdity every branch Of industry is acquiring greater
strength snd force production and consumption vi thin
few years siDce works OF internal Improvement
coed in magnitude those Of any other counry 10
world and the remotest sections OF the Union pen-
trated and in Of deveopement; thousands and
tens Ct thousands Of Of virgin land annually
brought under cultivation the tonnage OF every
sescoass and inland port is annuAly increasing
anuacturng and mechanical pursuits have acquired
. position completely Independent. Of government.
aid and support and every element Of progress proc
perity has q volume aud force that unknown
few years tnce All this requires capital and credit
it is therefore simply absurd to attempt any comparison
between the present and the past The banking
mept Of this city ut this moment sin proportion . rs
capital its trade and commerce. The increased value and
amount Of property Its population and the various
terprses in which citizens engaged-as limited as
has been any time within the past ten years /.
limited, and but for the accumuls:ons Of pri
vats capital in the hands OF private bankers the
ment of Incorporated institutions would from actual ne
cessi,y be lar beyond the present aggregate.
At the close Of the there quite an improve
next in he stock market and money matters OCEAN
We have had during the past month two IN
occasional but temporary stringercy in The money
market The effect hardly perez ptiole before tie
cause disappeared. Toe month OF March passed away
much comfor tably than anticipated and thus
Ear the onth Of April has been pretty from financial
embarrassment. few will carry us through
he active TT Of the business season. after vh
may look for activity in Wall street, and
life amorg the brokers' The market is not very veil
piled with speculative stoca and opera will be forced
take hold Of class or securities OF superior
ter compared with those which have hitherto occupied
tho attenu Of ,peculators The eny stocks 10 which
there lie any gin for Improvement, when there
fde vaue beyond curen. prices where safety "a
investment, combined with great prcdactiseness IL
guaranty sgsnst loss upon turn Of the market are
thofe OF Western railroad companies. SPECTATORS viii
forced 10 take held Of these 10 ae ,sence OF
others having the first speculative element 10 en-
YEAR, sgo had stocks the srkst ~ the
most worthless character rtey have nearly all eissp.
peaiec much 10 ss,ftaeipn. There IL more saS,y
in stoos speculation 81 Tie present. day than bSy
many yssre, and 1t spec have be capt
tal /, Gerry .be,e sinost ,arsu'y sgasos Ioer