MONEY MARKET.
{"newspaper_name": "The New York herald.", "edition": "01", "page": "p2", "byline": ""}
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Sunday, July 1876 II. Nj.


The difficulties anticipated in the settlement of our
foreign relations, the inactivity of business in all our
principal markets. and the absence of the largest opera.
tors from Wall street, some of the causes of the
present depression in stocks. Money is abundant, and
the rate of interest below the legal standard Loans 20
large amount have been made within the past week
at 81 per cent but the banks will not discount dol
lar under the latter rate The supply of capital is large
enough to carry the most extensive operations The
rate of interest rules nearly low the time prices
stocks advanced rapidly and prices for nearly all
securities in the market ten and fifteen per cent low
than last year at this .men fact there is every fa
cility for getting up speculative movement, and II is
ony the absence confidence that prevents improve
mcnt in prices We no prospect of any advance in
prices until external affairs a peacea
BILE complexion, until the uncertainty that hangs about
the annexation question removed The outside stock
spectators very easily alarmed and lose confidence
dpon the appearance Of the slightest change in
aia affairs they persons ofsma capital and usually
Engaged in other branches of business Whatever affects
affects the stock market The important position
spectators hold in Wall street, and the influence
their appearance has upon prices produces sympathy
the operations in Wall street and other depart
ments business to such extent, that any improve
rent in business out OF the street. has its effect upon
operations in the street.


There another cause besides the general inactivity
Of business that produces the depression In the stock
market and that is the supply many othese outside spe'
culators have of many Of the fancy stocks Large
Quantities of yjcksburg U. s. Bank, and some Of the
other iancics were purchased sometime since at prices
much above those currsntwhch are held for an i'm
ovem.nt and will not brought out until prices reach
pon similar to that paid. Many street operators look
Tor period Of speculation in August but we no see pos
ble chance for advance in prices until some Of the
,,oltcal questions now agitatins the public mind are
ottIed even IL that time should be full twelve months
months hence


wo annex table Of quotations for stocks In this
ket each day Of the week just closed compared with
prices ruling the close Of the week previous There
has been but trAing alteration in prices, but the vars
lions show a decline