Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-07-08
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very considerable has been developed in the
stock market within the last few days. rather weeks Var
have been made relative the these
operations svery certain that the real capitalists and
have been exceedingly chary of extended sudden
actions in stocks Yet appears by the operations recorded
that fresh bonds have into the market and caused the dis
urbance violations which observable quar-
BY the peculiar powers OF superior long
exactly great antique haof Audubon, naturalist
yet handsome in its line have discovered satisfaction
who are the authors OF these stock operations.
During the revulson probably 500 merchants and
failed among whom John Haggery Sons were included by
mistake, they having CALAMITY weahered the that eed
Others the ground But addition these failures
probably many MORE Of the 5000 aggregate
chants for the city, has extensions given by liberal
creditors Now is well known that many of those who
extensions granted by their creditors well those who
actually failed, and permitted in confidence settle up
their business the who have gone into the
stock market operate secretly through the brokers' the
cash. which of right and justice belongs these creditors
To this therefore be attributed the somewhat
heavy operations in the stock market That breach
trust for suspended extended house. the money
that belongs to others in this entertaining
commercial principles Of good faith hesitate admit We
have this point and many particular facts
give another day Honesty the best policy" in all the
relations of life.
Yesterday stock market was therefore somewhat lively
especially did the United States Bank another ii
per No doubt entertained Of the resumption specie
payments by this institution next month
The operations specie yesterday dull Wall
the great which all gold and silver tending
La consequence of the great influx from the nteer
the SOUTH declined yesterday per before
packets closed The demand for Europe
also slackened This dminuton for the London market
rbued the singuary adrot operations MARKET
foot by Mr. Biddle about weeks ago calcu-
lated that through his southern and agents. no has
already remtted 81 in his
in London, Paris and Amsterdam On this operation taking
into consideration the low variations of
the southern and northern cuencie il probable he will
make profit of Is per besides retaining all gold and
silver in his vaults, and adding million IT, order to be
enabled and his charter forfeiture next
month
Mr.. Bdde certainly conducting himself in his msortuDes
skill than Mr. Van the dilemma that
has beaen his favorte Safety Fund system no wonder
therefore, that the Argus" and the Globe az
the prospect Of affairs.
Sometime mee,sg held OF the creditors OF Hicks
Lawrence Co., worthy set OF men, who were swep
the revulion As there have
relative to the value OF the assets Of the
houses we have procured copy the situation Of the
house in question: By which approximation may be made
the nature Of the various failures which have taken Mace
during the present year.
Statement made by Hicks L1vrence n % 1uet;or>,ys
Liabilities
Debts to sundry individual, &c., s8e3,7a5 a5
| Confidential, s2s4.oo0 90
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