MONEY MARKET.
{"newspaper_name": "The New York herald.", "edition": "01", "page": "p2", "byline": ""}
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The stock market remains in unsettled state and
quotations fuctuate from day day. Yesterday there
general Decline and to day prices for many stocks
improved while others fell of. Stonington went up
quarter per cent; Norwich Worcester t; yscksburgl
Long Island 1; Canton l; Morris Canal Erie Railroad
fell off I; Penn SIS Ohio 6 t; Wilmington t; Farmers
Loan t; East Boston !; Reading Railroad II.


y and
make their quarterly returns must become more sIin
gent. The smosnt Of specie in the banks we learn
will not vary much trcm the last report and the &c.
neral movement Of the city institutions will not De
much different from the movement at the date of the
last returns. Ths depression in the stock market,
is in great degree, caused by q contraction in the
loans Of the banks The loans during the past quarter
been large upon stock security the banks gene
rally reduce that line Of discount much pcssbie be-
fore making their returns to the Comptroller These
the contraction Of these operations can he made very


rapid The usual end regular discount line OF the banks
otls city, we are Inclined to believe is rather limited
does not exhibit much extension The condition OF
the commercial classes Isl such that the banks prefer
making loans ON stock security. The heavy losses Of
city have injured the credit Of the class generally and
the banks discount more Of the paper OF those dong
possibly help The banks OF this city almost ex
clusvely devoted to the interests OF thcsock speculs
the mercantile classes the brokers' Of the
inundated with hundred dollars where regular
assue and np IL. to stock specusor in
every possible way They report as distinct snd separate
tens q certain amount loaned to brokers; loans
to directors and the usual discount line The last
lem is intended to represent the loans TO those
engaged in legitimate business operations but and
classification of the nature Of the loans Of every
banking institution in Wall street. would show snoun
loaned brokers whose whole business to speculate IN


stocks much larger than the amount loaned any other
class Of business There doubt but that loans
upon such security United States New York state or
city any other good sterling stock much safer than
banks net chartered for the exclusive benefit Of
few stock obbes but the contrary chartered to
facilitate trade and TO extend by concentrs
ton Of capital.


The movemenso Of the city banks between this an the
nrst Of May will without doubt have very able
ehecupon quotstons for stocks the contraction OF
loans will compel many brokers to realize their
hypothicated for the purpose oil taking up their notes
We therefore look for decline In prices until the banks
relieved from the resrsnt these quarterly
invariably produce Many stocks in the list have been
steadily but gradually falling, and in of them there
is even now small margin for an improvement, but
depression in the market two three weeks more
will enlarge this margin and give room for quite
lative movement in May or June.


The speculation inVcksburg Bank continues unabaed,
and the operations in this stock give activity to the
market which but for this would be bad enough. Tho
steady decline in Illinois 6h cannot be accounted for II
expected that the pursued by the Legislature
OF that State last session. would improve the stock but
such does not prov o to be the csse.


The NOV ements in cotton Mobile this season. COM
with last have bsen extensive. The receipts from
Sept ls ls4f 10 April LIST this year. 46S 726 bales
bales for the period last year. he
the exports this year have been 33O0l6 bales against
23S bales last year. This increased in the
staple has given employ to large numser Of vessels
CosMERcE oy MoBILE-ARnIvALs AND DEPARruRrs FOR
MARCH, l8i5, INCLUSIVE or SLooPs. LIGHTERs, PiLor
BoATs, STEAMB0Ts.