The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1868-07-14
Correspondence.

CortespOn8cuee II The louasAL.
NEw YoRE, June n, 1868.
Tho money market Of this city, has,
for the last month, exhibited the most
extraordinary features that ever were
known in tins country. 1t is believed
that so low a rate for money never was
accepted in tho United States, as was
the case two weeks ago to-day; one
gentleman was overheard saying "AIon-
ey was loaned to-day at one per cent
per annum." do you know that to be
fact 2" said listener, mot actually
Of my own knowledge" be replied,
''but | do know Of transactions at Jay
Cooke & Co.'S. at two per cent per an
mum. These rates Of course, are tenn
porary; they may, perhaps, have induc-
ed large speculations in United States
bonds, the prices Of which have risen
very much Only think OF 7.30's sell
ing freely at LILO, and 5-20's realizing
almost LIS; surely those who put their
faith in their government are now reap
ing their just reward. Amidst all this
plethora OF money, nothing seems to as
tonish the people more than the con-
tinued decline in Express stocks; these
stocks represent class OF business the
most active and among the most enter
prising OF the day, owning large
amount Of real estate, and having also,
personal property 10 vast amount,
their real assets footing up millions,
their business extended all over the
country and being done without COM
petition; yet day 10y day tho price Of
the stock falls. Yesterday. shares OF
the United States Of the par value Of
100, sold at 45, and the American
shares are now selling at 45I. These
two companies have capital stock at par
amounting to ten millions OF dollars,
at the market price Of to-day, they can
be bought up for about four and half
millions. Some who sold out when
these stocks we're about eighty, thought
II was altogether too great sacrifice,
bu, il seems that even they made or
saved money by the sale.
Let us leave Wall Street and look UP
town-the city is undergoing change,
the residents are leaving their lu1n-
rious homes for the sweet mountain
air and the peaceful serenity Of your
village. the White Mountains or the
sea shore. as circumstances or inelina-
ton prompts. Whlle this depletion is
going on, the hotels are beginning to
receive the delegates and democrats
generally, who arc about to try their
haLd at President making. Present ap-
peArAncss indicate an immense attend
Anoe. The Fifth Avenue Hotel alone,
Is making arrangements Tor some 1900
guests, while the smaller. bat equally
select hotels. like lac spingler and the
Brosoort. are calculating 10 be well fill-
ed.
OF pleasant reading for warm wealth
er, Carleton has just given Us a spicy
aud fragrant Fern Leai. or rather q
seues q leaves which the gifted Pan
ny esteems suitable - be bound so-
gethes Airs Parton Is always spright-
y, ana here are some oi her beat things
IN = tasteful and convenient form. We
book in few days for Tho announce
aent u nosi interesting book, writ
lea by ose ci tbs cultivated and agree
able ladies q New York sozsgy: IT, IL
tis 1 am Eot able 70 give correctly. bat
4 u the sEsbaic oi affection, and intro
daoea the letters q young married
lsdy, uho was the eeutEe u most
Agreeable circle in this city; one who,
while alslo 70 respond % tie calls 81 So