The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1839-11-22 00:00:00

FRIDAY MORNING, NOVEMBER 22, 1839° •

By the packet-ship England, Captain Waite, we have
received New York papers to the Ist instant, inclusive;
These papers furnish us with little additional genera
news of importance. The state of the money luer',o
continued to absorb the attention of the mercantile
community at New York, as well as in most of uF
principal cities in the Union. We have given, in are
ther column, a brief relation of the principal featub,
for
Scotland the money market up to the 29th ultimo, when "or
Scotland sailed. We now proceed to lay before °
readers the details of subsequent transactions.
The Daily Express of October 31 states that the I
hau
ness of the cashier of the bank in Philadelphia -he
prevented him from advising by the Liverpool of alit t,
funds sent forwards to meet the drafts. Thep aekehe
ship Sully, that sailed a few days after, carried out to,
letter that should have come by the steamer. The °law
ney market intelligence of October 30 states that;
Indiana banks had suspended specie payments.
stock market on that day was down at a lower ebb thati
was ever experienced before. Some description° doy
declined 7 per cent. from the closing prices of the
1,
before. The United States Bank opened in the ni°ll7
ing at 70, and closed at 67, which indicated a fall °f
of
per cent. in one day. The news of the suspelleio
specie payments reached St. Louis on the 18th ~f
ifird
tuber. The papers of the 19th say nothing in re -
to suspension by. the banks of Missouri.
cue of
The Daily Express of November 1 says that s°
last
the banks had extended their discounts within tlielittie
few days, and there had been, in consequence, a er,
relief to some who were greatly pressed. 1118 as
cantile community generally are described as boulft
table
place pressed as ever, and some suspensions had
place among some of the most respectable firlns'sets,
is said that they possessed an abundance of af3tiog
which, however, were totally unavailable under elis
circumstances.
,d ar
The Wheeling Times says it had no doubt, tre-„itla
pearances, that most of the hanks in Ohio would `'ss,
up their affairs. It is added, by the Daily -64 trhati
that it would be much better for them to do so
to
attempt, embarrassed and restricted as they were.
continue business. a that
The Cincinnati Gazette says of the banks the
state that it has good reason for believing' that
Franklin and Lafayette banks of Cincinnati Conte
440,
plated resuming payment in a few days. 'ober'
The Michigan banks refused, on the 21st of Oc'
all Ohio and Detroit paper, and announced tileit.,deJ
tention to do the same by all banks that susPeog
specie payment. These banks are said to be "as stru
4
as the banks of the Lakes." Ics
The suspension of specie payments by the bin
than
New Orleans produced much less excitement
ea to
might have been expected. Public opinion see'lliner
be decidedly in favour of She expediency of tli%,se(l
sure; and the urgent necessity which led to it, c` obo
it to be viewed with complacency even by those re'
expressed their disapprobaton. Another str° joa
commendation was, the confidence that the sosPeesthe
would exercise a salutary influence, by enablincrotr
banks to expand their circulation, and to grant a ear to
modations hitherto withheld. There did not aPP or,
be any extraordinary demand for specie at Ne'tto the
leans. Much curiosity was there manifested age 'lets
course which would eventually be pursued by th
York banks.
of
The Centreville Chronicle says that the banl,iJi re'
(liana had partially suspended. They continue'
osl6
private indW
deem their notes in the hands of d
t„,l 0
but refused to pay specie on their bills held "'
banks and by the brokers. orl4
On the 31st ultimo bills on London, at NeW beloor
had fallen to 107 and 1071 per cent., which was pot
any rate they had sold at for several months.
bill''
even at this rate there was no money to purena-te there
The closeness of the money market was such tlia
coo'
was no relief in the stock market, but, on the the
trary, some descriptions were even lower than oat
previous day. The Courier and Enquirer 7),s
nj it
present all export hence is decidedly stopPe
may, therefore, be expected that our banks
ana that
their way clear in enlarging their discounts' it oil
the money market will become easier; indee"'olo.4.l
be said to have been somewhat more so to-day'eariotis
the distrust, naturally arising from the late Ine d, 106
state of things, of almost all the securities otrevdeclr
prevented the rates of discount from sensibly
ing." "
d, d ull at
At the latest dates business was generally °veal`po J
York, though the prospects of speedy iltiPv otiolle
were more favourable. Purchases of Flour ca°
to be made for shipment, yet prices continue o rot
ing. A more striking proof than this cowl',"
given of the scarcity of money. At Charlestonietve,l:
or
siness done was very limited. At New •liess 4
Wednesday, October 16, there was a fair bti•
,„,v0
ing in cotton, but the market had rather a
filew'mar iefi
tendency. Buyers were not willing to coter bolt'
•
ket to any extent, except at a reduction, "It&
140
. Ist 1 fof
continued firm. At Philadelphia, on the 3 to
transactions bore a more gloomy „e ll
d 14
some time previous. Sales were limited, avu
appearan- r,
e
at prices greatly depressed. Stocks close
o`l'
United States Bank at 794. t
Several public meetings of the conamereial
at win er
ing classes had taken place at New York' ,r, coos' igir
peaxtrioiosvntii.nnggAtmhtoetnhdeetesater:r,mdifficulties wiere. takeuveirt'ewpasseal,;io
meetingsinat
determination
resolutions otihuet oNnesw‘
maintain specie payments, and stronglY ree° 0"
a spirit of mutual forbearance and aec°1110;11 deal;
among the banks, and among all classesievt for the
It was also suggested that it would be PrI1( agora
banks to extend their• discounts, and thusinity,
most effectual aid to the commercial 0011; le bad , of
We regret to learn that the health of Aft'`)l.. 00°,0
A rollg tl
come worse, and that the number an'-‘ so' of
cases had considerably augmented. It is t ►
much of the sickness had been increased, if 110tire' city
ex°`
cases solely induced, by the fatigues' of tl gate
ot. old
anxiety consequent on the alarming
from the late fires. The Mobile Regis in that low-4
21 states that deaths had lately occurred in ter, Ito
iarae
black vomit of the most malignant el evil.' 1,01
at
of the persons 'thus seized had but latelylll'
'Cu-1 be had
'l
the city, and others were old residents. l wbi
Augusta was rapidly improving. Pensac°olenletit' 045
been proverbially •healthy from its first se wrierrig
years ago, had yielded to the infection'
brought into it by free intercourse with the
and ?V
ing cities of New Orleans and 'Al°bile'

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-,PLETON
!ovent-gor-
t Nights.
ind sec°l!ji
)lause, pi

Liss Roper
t rapturous
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nd instant,
with New

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