MONEY MARKET.


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The stock market remains without much alteration At
the Old Board prcssiwere very firm Long Island ston
ington. Kentucky 6's, Ohio 6s yicksburg, and North
American Trust, closed at yesterdays prices Can
ton Company advanced 4 Norwich and Worcester, ii
Mohawk, J.; Fsrmers' Trust, and Reading Railroad
l. At the New Board the operations very limited
Canton Company improved per cent Norwich and
Worcester, North American Trust. Mohawk, 1t.


The story put forth by paper Of this city that the
cashier OF the Stamford Bank deiaulter, and had
absconded is entirely false Mr. Hill is visit to his
friends in Troy having left the bank ths LIST Of June
The bank holds bonds Of individuals the amount Of
$40 900, and other securities amounting to Sl2 OOO to
any deficiency that may appear the settlement
of the cashiers accounts.


By the arrival of the steamship Hberna Boston we
have advices from Liverpool to the 4,h inst The &C
counts OF very favorable nature both the
money and cotton markets.


The Foreign Exchanges Of Great Britain remain at
present belew par and from the present indications Of
trade and the appearance Of the crops should Judge
the rates would advance sufficient require exports
of bullion The amount Of exchange in The market de
pends in degree the quantity Of money. Any
contraction Of the circulation will act Of course, upon
credit and bills Of exchange being important form Of
credit will consequently feel the effect othe contraction
The foreign trade Of Great Britain when confined to its
proper channels very seldom allows balance to rise up
against the country the importation Of any article of
luxury for speculation, almost the instant
the exports cannot keep the balance in favor But when
the importations cannot be controlled when the
saries Of life have to be purchased of foreign countries
in consequence of short crops hone the balance Of
trade becomes reversed and drain Of bullion be
prevented The quoted rate for foreign exchanges in
the London market cannot always be considered evidence
Of the state of the foreign trade how the balance stands
The Bank Of England has repeatedly shipped bullion to
Continent for the purpose Of enecng exchanges and for
the purpose Of drawing high rates. Fluctuations
foreign exchanges Great Britain have also been caused
by the Mint regulations making gold alone legal
These fluctuations would be greater but for the monthly
reports made by the Bank Of England. which keep the
commercial classes constantly informed ofhe Of the
bank the supply ofbullion and the ability stand drain
All these things govern the movements ofthe commercial
classes and enables them only regulate trade
codngy but to regulate the rates for bills Of exchange
in the market The monetary system of Great Britain is
confined to general laws than the banking
Of this country and the effects Of expansions
tions the currency Immediately felt there is
therefore, better control of the Of trade and


greater uniformity is hardly possible for drain Of
bullion from the Bank Of England to take place. unless
the crops are.unusually short.


We the recent quotations for foreign exchange
in London.