The herald. [volume] (New York [N.Y.]) 1835-1837, 1837-02-09

.s t# Wall SerOct, Vhursooy, EcO. y.
foreign domestic speci, operations created quite
the market yesterday ocks however, Cleared sp
and felt little better than the previous day mor was
sscad morning that second dram Of 100000 had
been Phi adeha on New YORK Tor specie IN add
ton 10 ,e s which had been q daed the day before
On inquiry We however that the calls made
OF the proceeded from each er merely
the inequality level producedb by the Philadelphia da othe
alarm aso began to prevail that thr
specie preparation for forgn shipment The feile
exchange took the hint and bills England closed to
heavy being such the export of specie for the
present.
The LEGAL calls 70 Specie msde by Philadelphia New
York believed to have been less produced by tbs
immense domestic exchange o9eu ofast ment or Inc pre-
In consequence othc refusal Of the banks to discsu
ocatcommercia paper at the legal rates. merchants 10 procure
driven the Of efecng exchange opera
high quantities Of horse bs as they ere
called the have drawn ia order raise money The
banks encouraged kind ofbssness order to get the
high the sou2 cent premiums Mobile,
Orleans an1 eewhers. This s;tem threw the balances
York the regular obusess these balances
found Philadelphia through the United States Bank
and the calls New York for the drafts ofspccs
Itb.sus appear therefore that the TO-
wards whchthe Wastrce have heen amusing the
pubc with for days respects jugge from
toeni weban believe that has been produced by
false and incorrect information out by the banks themselves
hide the urous conduct the eonestc exchanges At
the when the banks raise that specie gons
of the foreign exchange falling to 1884, for that
the price which roed yesterday by the best authority IN
the street These movements all been explained by bal
which Philadelphia held against Ne York in
ofhe exchange foot ly the banks themselves
get higher rates than allowed by.
ths be explanation of hesc operations shews the
banks eupabe point ofview and points long skinny
finger the piracy which yet among them 10
plumber the mercantile community by Of operations
in their powers.
Another indicating that these operations
jugge blind the public m.nd the fact that
ment these transfers Of going stocks rising and
foreign exchange, we have already stated falling
Wae fkatoo
the late shall be fully qadated by these specie
tions FIR another general oftbe be-
New York and the whole SOUTH The ba Ks only getting
themselves ton advance these rates again
the commercial community flesh discounts
engagements Thus the operations isolated and
aonebeng entirely distinct from the specie operations Of
the world The Of exchange rd the thing These
like the specie have prod
ced by fictitious eatey
Prices ofStocks al the New York Exchange, Feb. g.
u 8: Bank, 1854, IL, 1871, Iei N: Gas Co &c.
Mechanics bank, 1921. Oh o L. & T. Co. III.
Bask of Am. L Co Bait l02, sci.
Del Hud g. H. H. FaImers r. Co. l0s, lc:t
Commercial Bank, Southern r. TO. 81.
nk Of st. ofN " III lOl Noh-wk r. r. Sl&, SCI, 81.
Monm Canal Co. So, So. N j. X. r. & 7. Co 100.
PlanteD Bank, Miss l25. Utica X. r. l2i, 20l, 20t.
vcksbnrs Bank, 80, "a. Long Island X n. SOC, soa
Illinois Bank, 30 Harlem r. X. s5,i,2.
Prices Of Stocks at philadelphia, Feb. Z.
y. SHANK, lis, ISL Louisville Bank, &c.,
Meci1nics Bank ISL. Kentucky Dank, el&.
GTnd Bank ,6l Del. Hnd. sik slt, 81, 30, sol.
Trent IN Banking Co 2sa