The herald. [volume] (New York [N.Y.]) 1835-1837, 1837-01-06
COMM RCEAL.
Wall Street, Friday, Jan. =.

We are obaby eaconary movement along
silently and slowly that scarcely be traced he
mesca surface Stocks generally rising bur there aea
the supply the rate of interest Yesterday the
fancy adio ofthcm going from
to per Mohawk, Utica and Long Island rail roads prn
cipay looked up observable that TIE and heavy
generally the sellers This is not good indication for
efte prices We saou 10, be surprised there
fore see movement in oruo not take
place, but is probable.
The Banks have now rendered to the legislature all their
ntes b, anticipated has yctbeen
ad erday the offerings The dscountng banks
the usual anoxt but hs facilities spng handed
out ever.
aere not slightest the Of money
the exchanges Two and tsee
readily eved for good exchanges the south
are back to nearly TIE old rates
One primo pal the continuance the high rate of
the competition nude by the real estate spec uaors for
floating capital We learn that during the last four
has been few sales estate that were
real and actually Sold submitted to reduction OF 80
to per cent informed good auth ty that in one
auction house in eny lots actually Sold out
ola great many 700 and ssoe ofprope that fetched
$4,000 last summer vau be productive
daily oercdn Wall street, al to IL per cent dcount-and
can be red except at high
rae of discount and personal security in addition.
The specaons real estate the cause OF the
continued loans Many also believe
reduction Of the rate Of interest will take place until
have general losi,n the specuation OF real state
be believed that all the disturbance and disorder
make both his country and Eu have risen
the ogovernnea ad in the last eighteen months
neary millions. This the principal also of the
surplus revenue If this species OF real add the
capital invested lots throughout the country shall probably
have egae ofso millions which have been invested
IN these ~, cnatons in the same period
yeading tits called phenomenon that devecpes itself
in particular article Of CONNIE period time
During the have dozen COMMERCIAL revu,
sons ugh By oyerradng other of tie great
staples Excessive speculation
di turks the whole commercial machine This arises
from the decacy which always attends based
currency. the monomana speculation
cottoa body about purchased
of neighbor thinking that the price would rise he woul
make fortune in few days Real es ate the nomana Of
1885, Real has sweed the rpus-made the western
merchants the Interest Of moneydoubed the
shaken the whole fabric Of in this
try and Europe affairs France England and
United saes only parts ST the great commercial
machine.
originally set foot by the real estate asns of
1885, IA By have been aggravated by
the folly pervey ignorance and unity OF the sovenmenand
the banks wc utterly ghsrant of the principles of
commerce. sacrifice them their sudiy
avace and ambition. But l. to the overradinsn single great
staple leading articles that all the present evils TO be org
nay ascrbcd has diverted nearly 100 mon from commerce
and manufactures obc invested that yields
Another effect has been produced Farmers have become pccua
Of ill ofthe soil the dmnuon in culva
ton has caused reuc the suppl, of wheat ands rise in ].
value besides importation from abroad Under the nu
ences cotton has reduced in and general conflict
broken out between the different classes efconmerca industry
Thes are some views which evcrs are deveong and
we believe facts place them beyond contradiction.
Prices Of Stocks ut the N. York Exchange, Jan 5.
n. 8. Bsnk,lle, r. Trust Co. LOG, 4i ~,
Del and Iud ss 81 g. Mob. iS IS, ~. 81, II, I,
Phpnlx Bank, Iis., tr IN IL. r, e4a "A, 8,
OF y. Of Y. ies7s "a n, Bsso, Prov H. io6 ST. S,
Z, a.
Morris Canal Co %, III, "a, LII r.. n. 7si,5h5,a
Planters Bank Tenn. 1861, Canton Co g. 4,
New Hope Del Bridge Co 81, Stonington X X ~ ~ =,
A. Boston a. Wor X. X 81, 4, @
NJ r. Bank, 100, Utica II. r. 1914, 20, co3,
N. q. Gas Co. I0l,
Pice~ OF Stocks a Philadelphia, Jan. 4.
u, s. Bank iisl, rs, Del and Hudson, s6i, es
CT ard Bank, SIS,