MONEY MARKET.
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The stock market to-day was very heavy, and quota


ons show quite decline from those current on satur.
day Pennsylvania SIS fell off per cent Farmers Loan
/ Illinois, 4 Reading Rail Road, 4 Erie Norwich
and Worcester, / Long Island, 4; East Boston. ];
Vicksburg t sionington advanced Morris Canal, I
Harlem, h Canton and Ohio 6s closed firm at Saturdays
prices.


Quotations for stocks are generally settling down to
apoint lower than yet reached the abun
dance of money and the reduced rate of interest The
bulls are not strong enough control the Market and
the bears have things all their way The recent ad
vance in stocks was, without doubt produced by
bnaon among the bears, for the purpose of making
tracts and their efforts will be turned towards de-
pressing the Market and previous to making purchases
to deliver The absence Of outside spectators serves to
weaken the bulls Of the street, and give the bears every
opportunity they wish to depress the market.


The advices from Liverpool in relation to the cotton
| market are not considered by operators SO favora
BILE as anticipated The sales reported having been
made in the Liverpool market confined principally
to spinners spectators purchasing very lightly The
absence Of any speculative OF the slightest i'm
porance and the movements of manufacturers in pur.
chasing stocks, are looked upon by holders in this mar
Ke as very unavoase features and indicative of
depression The immense receipts Of cotton at Liver
pooltor the week ending the 10th of January and the
drmness prices cannot be considered very encourag.
ng as the arrivals had not brought upon the
ket and the stock salo had not been materially in
creased It appears hardly possible to sustain present
prices of cotton, without extensive speculative
movement either on this the other side of the At.
lantc We see, at present. very little chance for any
such movement to spring here and not much more
the other side.


The bank bill passed the lower house Of the Legislature
Of Ohio on the th instant vote Of 40 to so and was
sent TO the Senate for concurrence the amendments
! maze py the House, about fifty in number. The most
important OF them was the striking the board of Bank
Inspectors and substituting visitation Of at least once
year. by persons living in the vicinity of the bank to be
examined under the appointment of the officers of state
The Senate will probably in the amendments and
| the bill become law.


The Board Of Directors of the Bank Of Missouri have
resolved to deliver up the State bonds remaining in its
possession and which were issued on sccount of sub
scrption to the stock Of the bank but we're never sold
1t is said that the board unanimous in this conclu
son The agent the Legislature will take the bonds To
jefferson City


The public mind Of Great Britain is at present much oc
cuped with railroad enterprises and half of the con-
templated roads completed they will absorb an i'm
amount of capital and prevent any very extensive
specuaons in anything else Fears have been
many in Great Britain the resources of the country
inadequate 10 the execution Of such comprehensive
Pias VI aoau eA'ensoh as may proDaDly receive the
sanction OF Parliament the ensuing session. II may be-
difficult to withdraw capital from other employments
or investments at to be used in the construction
OF these new lines but il is folly to suppose for
moment that the OF the country are
to their completion The laboring classes of England
will be materially benefited by the outlay of capital re
quired to finish these railroads; the agricultural css
must also in for their share Of the expenditures
the general condition ofhe must be improved
by the working and completion fthese roads, The poll
cy Of fconstructng many roads is altogether different
matter and snly concerns those interested Cheap ira
yelling produced by competition in railroads. or any
other way-and rapid communication, increases the in
terna commerce and prosperity Of any country. We
mex statement showing the weekly returns OF the traffic
on the principal railways Of Great Britain and Frace
4 RAILROADS OF GREAT BRITAIN AND FRANcE-RycEIpTs
FoR THE WEEK ENDING JAN. 4th, 1874 ls45. THE
| HALF YEAR ENDING DEC. 81. 1913 AND l8a4