Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1837-04-18
From, The Ns,o York Daily Express, APrii 3,
TRADE AND COMMERCE.

Remarhs-Durng period Of thirty years, in which we
we have known general want of confidence
than prevails at present Many OF most respectable
houses that have been In high credit for number years
have had to stop payment or ask extension Confidence
met. to hgs 2 who ays the
in STOCKS and personal security The public and private
deposes in Bank less than 6cen eighteen mil
lions ofdolas The Banks however dare not extend them
selves and do very little than the paper those
who cannot payup The last adsces however from Eng
had predicted several Bankers and among them some
engaged in American business would have il suspend If
this had proved correct immense amount Of bills would
Svsrt these forebodng have not been real
1ed Three large bankers had to obtain the assistance of
c Bank oil England by which they enabled 20
The consequence is that all American bills are paid and
things generally looked better. No failures had taken
place. and is believed the crisis had past The state of
money matters is such that The spring trade of the CITY is
greatly interrupted
Spring sasThe business of the cit, is greatly incrrup
ted by the general panic that prevails The stock Of goods
large but the sales will be over one half what they
were last year.
Domestic goods The reduction in Cotton has affected
the price oil Donetcs The demand is also very limited
no spirit to purchase.
Dry goods-Wehay rarely known a season when there
was as little doing at present The actioncers decline
all package sales at present. and all the shelf goods sold
at very reduced prices.
Grdn-The stock OF Foreign Wheat at market exceed.
hall million of bushelsa stock altogether unknown in
s cry or country The FIRST shipments paid well thu,
ihdoccd others TO embark the consequence is that the
warehouses Of Europe have been emplied on this
very large PARTON oithis wheat unsound The choice
qualities OF red and white have, until week ago. sold al
81 and l2ast Saturday nearly 900 bushels was forced
at auction at 80 10 The quence TO- that wheat
has down and sales the chocest is now making al
80 81 l2ca fall Of half dollar Rye has also deoln
ed to 81 indeed sales have been made below has
fallen ten cents sales Of 5000 bushels Decware Yellow at
30 and 92c.
Provisions-The pressure in the money market has
PEELED several holders to sell and prices have declined
fall viz I6 SIS; Reef withou, material alteration sales
at la I5 prime a d Lard has also fallen sales at
12a1l.
Domestic Exchange. The moned oc the city
in such condition that no longer possible to get south
paper discounted IN the regular way The
their and those brokers' who took this descrp
tion paper and gave their ows for have as ed thus
selling paper to the T. s. Bank FOR their bonds Rayat
in Europe and Of SELLING these bonds al the they will
Snns ., grea, saer6ce Il !. impossible to give any rate
al which domestic eIehapResre taken for in every
,ion they vary 30 much that We have guide.
When things the the adage is that they must
mend seems impossible that they he than they
are present therefore tbees hope that they may
Norey-Tbe Plne has been greater this week than at
any former period number Of s,auneh houses
have had to stop suspend ask for time Confidence has
been so completely PROSTATE that paper douby fortified
Bank and the extension Of the Banks in DESIGNATING has
given some aid hot moi Of character that has been
al The y Bank will issue Pos, Note, ysbe here
which viii be 81 greaieF service than thing else The
adTices from En2lshd much favorable than wa,
expected feyoas accounts had induced fears 10 al tbs
teu the consequence 81 which would be the return Of
large amooi 81 bus Happily the packet brought no such
disastrous the oontrsrY the banks natod h,d ~
eeiVed the Necessary aid aHd 81 we'll.
tneuTed hostyWhen last noticed this subject there
was great excitement, consequence Of the failure ~
nfosef who vas "a ne habit Of redeening this dsenpon
o. paper At VAS feared might affect the standpr az The
h.hs, = large smoas Of paper eoSu snily thrown
into nsset and for day large discounts xe,.
mitied 10. The Basks boweyer soon mae $500 son
lor feaeenlhs hef balls, sRd they discounted at
ktsi fsiais-ihe panic IN the Money msrlef has es.e
Coer q chanosp. ''' - 'H'
! o.,,. 1ssiaas. n. A. april H.
s.oeis iei back little to-day although there va, NOD
rsoeh ehasse There is Up the street bot on n.
eeAifsy noasg vas - chose boe failures Tool
pace, cIs large Cotton house sAotkef n lbs ober .s