Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-05-23
Nj u n Il Il M A IL X K
Tuesday, May 23.

M ~ ~ n Il VA n N N N
Tuesday, May "a.
The money opened yesterday under great deal
gloom ans uncertainty Stocks declined considerably the
course of the moAng and particularly did the United States
Back appear inactive and dropping. Monday generally
Considered heavy day. but yesterday spite Of the
arrangement supposed been made banks
gioomier than is usually the
One of interesting incidents the Stock Exchange
appearance of Mr. Ward of the firm of John Ward
lie heartily greeted by all his old friends and took
his usual with Soon after the
business that he became alarge seller ssock
This fact had inmedae tendency throw gloom
From this evident that strong disposition exists in
many quarters get rid Of all old fast posi-
BILE M f.m&
There evden ofcon6dence in the present of
things this feeling pervades the ba, ks renarka
Anjuedesnasae paper system and the Operations
of the suspension law fears the of many
persons The solvent banks very cautious of launching
into any frehsues and although in quarers money
pener generally people live in hope Several ofhe banks
connected with the government curaing of
panng. II begins also TO be understood that
government restore specie paying system
possible this point there will be terrible
the specie and the specie paying banks BY many
lieed government power restore specie
payments any class of banohers believe the contrary
The conflict however has begun and its operation ex-
panied commercial business will be very disastrous
party favor Of immediate resumption specie pay
mets make calculation that government able TO collect
tsgeticr millions specie, leading points and in
connection with selected banks system of ex-
changes trade II i the inention 10
unite dozen banks throughout the country this pano
make them the sole epotsrcs Of the govern
rnent-and make the paper system all points.
The only obstacle this plan OF action, the
eigpexchanges As long premium given for specie
compared with bank paper be picked up expectation
in order qudate the debts due foreign merchants, new
cropor decline IN the specie prices of products have an
effect favorable the restoration OF specie payments
are 10 many interests at variance, that much opposition will be
attempt great portion banks now
I.l.
their lost groand Paper win be sold circulated
less than six months At all prices Much of H. in year or
two will sink 90 per below specie some of
ostof existence altogether the money in France
did i7e bank OF South America years ago
We the beginning OF grand experiment which
one can easily through
In connection with this subject appears Of the
New Orleans continue, very obsuaey pay specie
In spite suspension OF the majority OF them In pre-
sentiment throughout the country
strong disposition quarters the specie
ten. fin conjunction with the government,
plan could be carried into effect woud give the banks
hstsucceedcd entire monopoly Of tho domestic, uti-
matey foreign exchange, trade for years In coopca
ton with action OF the country and tie aid o;e govern
men;, the paper system must be crushed.
The from England begins now TO b very alarming
Tbesecoun, Of the Joseph failure very naturally created
London great excitement The situation OF the American
don't appear vary much fon, former
musshase another arrival before we know ile exact issue
NEw YoRs, May 22Busnes today has been exceedingly dull
Owing that past city this forenoon,
transactions very much mpe le Since the spensono Of
specie payments merchandise has been continually ucuang
In pr,e. Business has not had time adapt itself any kind
oforer therefore quotations and remarks for the past few
days.ere merely nominal
Fcr-wes,crn yesterdays quotation. New York
has advanced fully 2 and southern last stated prices
Notmuch Of any kind present in the market Few sales
Auction sales-14oo bushels damaged rye - a SEC
Receipts Of Preducco5i barrels four 100 barrels ashes
PHLkDELpHa, May 22-Business been du throughout
the week Coffee prices unsettled sales OF the week Zoo
terms NOT made pnbc Flour, moderate dnand prices
eced nea, !. w good request, sales at SN $50 and
~" atifo Sugars are IN good order-a little
C1ssLEsroS, MAY ls.Rce-rhe sales amount 10 bael,
foltows-5J &2tl8 ~ Ills; 50 &2s i6I s2s;
stS2t Their. isa better demand Rough Rice
o. ossics fionr we notice ctangcthe well
supplied and but admitted demand sugar nj auction hh
81 CroS brought WI al balance Oh. was
Moass 70 hhds OF Cuba In small lots brought IS cents
ssiss a ae N-p Yort sfseI Ercannr, Ma, %
les U. Bank, 100 70 icel 100 Mechanics Rank ~
50 ra. Trust Co ssfo o. 255 Utica n T. Io5 to 100
so Pei = Hos so,os2 w Boz. n. r. r. los to iO5,
$50 Ohio T. r. Co ssl 20 AIS Long Island r ec 10 81
80 Kentucky IN. ~ Mer. ms Co 10
~ Mutual Co. 81 TO " 20 Howard Co. 90
snl Patterson X r. 62i 10 g. tao Harlem n " 6stocs
- Nj. ". a r. Co. - 20 BosL Wore. r. Y as
" Canton Co. 4sl
saies If Stocks al PA,leSsIpk~, mex ~
~ orsrd nh 46i 200 Kentucky, ~ u
Se "a I Hpd sos v ~