NONE X MARKET.
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Stocks have improved to day very much The advance
today about Offsets the decline yesterday Long Island
improved 81 per cent Canton 4; Mohawk Harlem
8; East Boston III stonngton 4f; Norwich & Worces
terra; Farmers2 Pennsylvania SIS III Illinois 2; Ken
lucky 6s Il; Ohio Ga 2; Erie Railroad "a; Reading
Railroad ~; Morris Canal d United States Bank l;
yicksburg The operations were quite large at the
ADVANCE as 1t seems to be the general opinion that fur
thsr must be realized and holders are dis
posed TO reduce their supplies. The money market
is In very curious position and the demand for specie
10 great that the banks afraid to move Large ship
mcnts OF specie being made to New Orleans to pur
chase cotton for export to England upon which bills Of
exchange will be drawn. This operation Of more
profitable nature than direct shipments specie to Lon
don particularly when the operations made on man
uacturers account The present pursued by the
banks partly intended TO raise the rate Of interest
possible, but In that they must fail private
capital can, In short time be made abundant that
any demand on good security would soon be supplied
When the rate OF interest ruled low, private capital
sought nvesmen Mt in good dividend paying stocks the
only mode OF employment This has been carried to such
an extent that money began to be little scarce Ia the
street. which TACT the banks Immediately took the advan
tage Of and for time shut off supplies from their own
vaults until the rate Of interest reached the legal point
II cannot however remain at that poirt long, and the
government banks, at present in a state of gres,
ubt and uncertainty, and must remain until after
C,nNcsshas convened. The rec ipts rom The customs
o. this port ar0 very smll ccmparcd with preyiou.
months, and ths drafts from the government are much