

MONEY MARKET.


Friday, June 26-0 r. M.
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The stock market opened heavy this morning, and
decline in prices was experienced Long Island fell OF
per cent Harlem. X /; Norwich and Worcester, 5
Pennsy yania S. Morris Canal closed at yesterdays
prices.


At the second board there nothing done Of any
consequence, and prices remained about the


Money is in demand and the supply is limited. There
IT, therefore scarcity Of the material necessary to
carry stock speculations. The banks are hard up.
and it is impression that during the month Of July
at least there must be great depression in the stock
market


II is announced scmi-ofacally, that the expenses
already incurred in carrying the Mexican war;
about twenty millions of dollars and the expsudi
lures be made The deposit banks Of this city
holding large amounts Of government funds in daily
expectation of treasury drafts account Of these expeu
dtures and preparing themselves meet them when
presented This of the contraction in the
money market, but there others Of great weight
Many banks Of this city large holders of paper
protested by the suspension of the produce houses
alluded to several days since end have since been very
cautious in their movements, refusing nearly oil the
regular offerings for discount and contracting their ope
rations generally much possible


The next quarterly returns Of the banks Of this city
and State will be made the lst of August and the
banks will hardly deem 1t prudent good policy to
pand until after that time but the contrary wil
without doubt undergo further contraction, In the
even. OF which, further greater stringency in tho
money market must be experienced, and depreciation
in the market value of all the fancy stocks.


The Stonington Railroad Company have pstitioned
the General Assembly for amendment to their char
ter, allow them bring their road into Providence
aud establish depot the Cove that Of the Provi
dence and Worcester Railroad. We presume there will
be objection to this improvement which will conducc
greatly to the convenience Of the travelling public.


The securities Of the Farmers and Drovers' Bank Of
Buffalo, deposited with the Comptroller for the redemp-
ton Of the circulating notes Of that institution have
been sold. and the Comptroller Is able to pay Of bill
holders at par. The securities Now York 6ve and
ave and half per cent State stocks and brought the
anne rcd prcCs:-