New York Money Market

Monday, January lg6 p
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oJ, 1ahudIy IJ-b L. M.
The market was very unsettled TODAY. and
prices fell OF fraction. There appeared IN he
but little disposition to operate, as the steame,'
news is so near at hand and the anxiety to learn
the result Of the various important political ana
commercial movements going on at the last a.
counts, before becoming involved in any mora
stock transactions Ohio e's fell off Der cent
y. s. IS /; Illinois SIS ! Morris Canal !, !: Mo,
hawk /; Harlem /; Norwich and Worcester ] !.
Canton Company, Vicksburg, Farmers Loan
heading Railroad, and Long Island, closed firm al
Saturdays prices; Ohio rs went up per cent i !
and Stonington2


Inc important commercial accounts from Eng


land have not as yet had any effect upon the MARI
ets No one appears to understand what will he
the result OF the change of Ministry, or the renea
OF the corn laws, or Of the many other thingrs n
contemplation. This news has rather had tha
effect Of unsettling things here and.until more
uenhite advices are received, there will be yery
llltle activity IN any branch of business. 10
peal OF the corn laws, Independent of anv other
measure, must prove immensely beneficial 10 the
agricultural products that we can depend mon
our farmers can grow as large crops as thew
please, as we are sure of finding market abroad
we can raise grain as cheap as any nation IN the
world, and all we require is to be placed upon the
same footing with others. A permanent foreign
demand for our breadstuffs, will do more to raise
~ ieHuo III liic western states than anv-
thing else. repeal of the corn laws will onen
at once to our agriculturists, markets CONTAINING
forty millions Of people, and more extensive than
we could build up, within our own limits in ages
"A hignly protective tariff, for centuries. would
not build up home markets for our arricuItnral
products, so extensive as those that will be opened
al once to us by repeal of the corn laws. we
can hardly realise the immense advantages an
opening OF the ports Of Great Britain will give
this country The farmers of the West are COM
Peiied, almost every year, to consume the bulk Of
their products on their own soil, for the want of
markets. The fertile soil of these sections has
never been pushed to its utmost and if there wac
an occasion, the products of that section might be
increased three fold. If the surplus products of
THIS country can find an outlet, the value of the
whole produce of the country will be increased
two told, and the agricultural classes greatly
benehtted. We do not place any more value upon
total repeal of the corn laws of Great Britain.
than we do upon the effect that movement NAV
nave upon our own commercial policy, which. il,
the spirit OF reciprosity, must be modified upon the
most liberal principles


The long talked of Erie Railroad question bos
at last been settled. A final vote was taken TO-
day, and the decision was in favor of the receiv-
ers. 1t has been decided that the Erie railroad
stock, made by converting the bonds of the com
pany, was not legal delivery


.Nso York Herald