Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-09-13

Tuesday, Sept. IL, p. N.
IN certain commercial circles there be effort
made ncrsee the gloom Of the present OF the
market ln"Bicknes Reporter" published Philadelphia
yesterday, ve fad the following sage remarks.
regret that we have no intelligence of gratifying
number On hs contrary ali 4 oom n snd ~ cur
Stocks have fallen since last and condence which
every description ofcsmmercial paper although
prices Of stocks are regularly quoted from
change take place which predict still
sue"
highly probable that such things Phil
adepha That city, during the revuon of March, April
May escaped untouched The issue of United States
Bank post notes and bonds principally made to
produce such result At the expense of New York
mercs and through the cunning agency of that institution the
thunderbolt fell on this city.
Its highly probable therefore, that the apparent policy of
the government its refusal aid and assist the United States
Bank, may gloom over Philadelphia city which
plunged deeply the speculsoDs of the day New York
ever was BY the great financial skill Of Mr. Bdde its spec
uatos have stood till now. Yet if revulson oveake them
before WINTER they must hope the belief that al
foreign and domestic trade crushed by any action of
the stupid government Washington Let the
In this city, and throughout the country the elements of
commerce recognizing themselves better
foundation than Today, 7so shares the u s. Bank
equal to $80O00were sold chiefly 74 being at an advance
Of and since yesterday This large amount principally
purchased for remtances England the last dates u
SHARES we're quOtcu LONDON al LIZ t22 1885,
remittance in w. stock at l7A is therefore nearly par.
The other stocks possessing any capaby Of commences
uses, are fiat and falling.
This fact indicative of returning healthy action Il
trade.
Again. learn that at the Custom House there great ac
tiviy among the French importers Little nothing COM
ingtrem England although cotton is going there quantities
but from avre almost ship brings nearly full
cargo The imports this small in quantity bat
merous consgnee The French importing business
hands a
was andit is getting in better condition than
codng the best calculations based the Treasury tables
the foreign trade of 1887 will condition and
amount indicated in 1927 The following table will expaa
,nno s q 81 ass ls 49, ssS issasse
Imports aports ssss si I $500 ss ssSs
We have estimated the exports for 1887 five millions beyond
the imports and think is probable will be borne out
by the results In the article of alsne have the fol-
lowing official for 1897 and Sand
1857
COTTON isM q o S lsssm oo iss7sssmae
Before the close of the present year, general
opinion that shall export bread stu The great crops Of
the present year in almost every part of the country give pro-
mise of such result
But setting aside the atterng of the crops
show from indisputable data internal trade
ofbe country has not fallen off much what
of the foreign We will take indicative opixon the
two largest States in the Unon New York Pennsylvania
According to the Official publications find the follow
made OF tolls the canals
each of these States
New York Canal Tolls upto Sept lst 1887, Ss4si6s
Pennsylvania Canals and Rail Roads, Oct 81 1856
In the year 1885, the canal of New
81 III for the year ending aoth September
shews great falling off present year. but taking the
period OF time into calculation, probable that the
nal this year, will only fall short third of what
year. In Pennsylvania, internal trade Is
condition. We have the official of the
ken by that State in 1885, but well remember the
receipts of this do not fall short compared with
last they do with in New York.
But this ALL The internal trade and internal
depend much the crops Now il known crops OF
staple throughout the nearly IS per
the productions OF last This indeed have sensible
effect in decreasing the price, but will give great activity
the internal trade.
We satisfied from these facts that in spite govern.
and the banks the trade Of this country will force for IL
sefnew and healthy channels Of action. ALL the greater
part those covered with the engagements 1885, clear
Of the way but the young merchant going bust
ness will good prospect before him in less year
The remedies devised Washington where are
worthless frail feeble reeds Neither exist
banks possess the capacity to aid the returning tide
Both banks and government have OF
bringing the revuon and destroying the merchants and il
would only be of strict justice both per-
diton W. a National Bank but get IT, What,
them is to be donei Ts understand this the
history of the past and this shall do in day two
The banks and the corrupt government during the
year 1885, have actually made merchant mechanic
very nearly alocofoco in sentiment.