I.—Prices of State Stocks in London at Two Different Periods

I.

PRICES AT LONDON OF AMERICAN SECURITIES, AT THE DIFFERENT DATES MENTIONED.

From the New York American. Extract from a letter dated London, April 30th,1840.

“We are in some respects mending in the American Stock Market. United States Bank shares are done at 15l. 15s. to day, and there are two or three buyers at 15l. 10s. Pennsylvania stock is very heavy, and holders are loud in their expressions of dissatisfaction at the legislature for not passing the bill for taxes. Several parties have sold in alarm—and there is now some in the market of 1856, at 75. This is a bad state of things, when we have four millions of dollars pledged here for the United States Bank, and $400,000 for the Girard, and new loans making. If there had been any care evinced by that state for maintaining its credit, no doubt we should have had a considerable and rational improvement. The state of money, and the opening of the continental market for the stock, would have enabled the French bankers to add Pennsylvania to their administration of American stocks, and it would have given satisfaction to all.