Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-11-02
M u N W r NJ A II X T. II.
Wedncsday. Nov. 1. g p. M

Thegencra symptoms OF the money market somewhat
saluary Yet it difficult among the variety and sluggish
of the several currents give correct and
analysis of the influences work large portion Of bust
undoubtedly healthy and goodthat portion which has
been invariably founded principles But the effect
Of the specuaons of 1887 to throw the elements general
y into onuson and must tale time and thought and
porunty before suffice ntly recover
The movements in specie somewhat conflicting. Today
has rather advanced There is foreign demand the
and the banks being the only purchasers probably
In the market In Boston, Monday there arrival Of
$4,000 from Halifax N. s. This is rather isolated fact,
but coupled with other events shows that specie is rather
tending than Otherwise this country II is remarkable
that specie be flowing England and the Uni
tnd States at the time The disturbance between the
bullion Of the countries caused by the excessive credits
of 1885, probably subsidized The the world, but
particular Sout America win be drained of its bullion
supply the wants Of the two commercial countries in
the world.
probable new emission Of Treasury drafts may
slight demand on the specie markell but
As fast the it. money pay out
The Custom House Of this city, although demanded specie
for duties up short time since, and only
certain descriptions of had hand in bullion
trihe-a bagae The boarding Of specie exist to
any great extent in a commercial country.
The great fang.o In the foreign import trade II
guar fact in the history Of industry aggregate
titles produce this larger than previous
This equally true Of the planting and provision The
cotton and tobacco In the south have increased for 1887
least 10 per the quantities values OF
The fact developed in the wheat growing and prov
sion states ef the central region and probably greater
The Of I'd sus indicated by
the canals equal Is per the pro.
/ ducts of last year.
The only deficiency in OF industry in the
nuaciuring and commercial Our factories have
affected by reaction Of trade, has import
equal probably IS per But
branches depend ultimately the real products agrcu-
ture the latter begins he developed will the
| former begin 10 revive.
Yet there il much to reform, rerencb and
sruct Our currency and banking system have reach
ed that pop, OF stability which ought do by better
sgement The debts due by the banks the government
in rapid proce liquidation. The banks OF this city
LIST Of January last refunded nearly the U.
States Treasury forming the surplus The banks In
the whole debts due by them The United States Bank
which debt In the shape Of old stock, of a.ou
ceO began by paying up its hrst inameni The south
banks the only des they
| have received time on S5,oco,ooo and over.
The great process going that lqudssn This
penetrating every class Of society unusual and
radical change taking place in the systems trade The
tendency OF every bra ch OF bunes
casor uribest short credits The initiation Of ere.
dts caused by mania 1885, is undergoing wholesome
II certain that the cal property Of nation has
increased least 10 per since last year yet not
that, according 10 the money prices Of all "
have sustained nomns loss dminusion OF Is per cent
This from tie difference between natural and ex
cLsngable prices OF commodities We richer utility blu,
\ poorer in credits ihan last year.
The movement South change the foreign trade from
New York Charleston, s goes forward This effort
from the fact that the year the industry and produc
ons South Eastern Stues have are ady minated
in our articles have declined. This is clesr,-
| Statement ffke Cotton Crop for Ia76 md IaSJ