The herald., 1837-04-07

bank cks less affected Among fancy
the acAoy In this description, prices of some
are new lower than they October last and many
stood so low before
The general aspect Of money market affects stocks in two
ways
The dra is hstho pressure the Merchants great that
solvent houses must sell stocks formerly higher
pces IN order to money Probably thirds Of the
actions are Of this description. Another ths-cspasts
selling out fancy stocks for fear compan should
blow up Tho thus realised is deposited in II
Aee"s 'oi 'ac confidence IN commercial almes
iaied AT this moment the private deposes- say nobnse
he COVE nmtnt deposes IN The banks-are probably
higher than they banking began in ts state By
the reer, Of the Commissioner Levi stature on the
st Of January last the New York city banks stood thus
Deposites of the United States 0i3s 9,5s 20,
Individual delosies Of capitalists, I,sosIo
Since made several mo, ensn have taken
place The money which changed the relative mo-
portion OF these TENS each other The bank circua
on and the specie have probably both da nished while
public and private depostes have increased According
estimates the oown: may written down as near the
ruhfor st Of April 1897:
City bank notes in ci iculaion, s75ooooo
Individual Deposits, l2sooooo
Specie, $500 900
this will appear that capitalists who make
these deposes have withdrawn ada from nego
aon and from the stocks
to depsste the banks 70 safe keeping The 60
veramen deposes also arises from drain made al
bus mess
The general disruption confidence great
measure this accumulation OF depostesbut the fact places the
credit OF the Whole banking the hands of the capitalists
VINO hee make the deposes Even this small amount of
squte sufficient of the cireua ordinary times
for the great amount bank hand TO haad
IS required to do the daily and legitimate business of life But if
the capitalists who own the depcsites take alarm
relation TO the banks they c'ud in three hours neral
suspension If specie payments throughout the city.
fortupate however that the deposors have
their interests blended with tho general interests OF the
mlnty They would their depssites for lear
of the that might follow sefneest every
ng Of prudence will preserve the sanks from by tho
deposiors =
among which the panic RACES Al
this the dry goods aad the real
both these utterly
in Wall Yet a remarkable fact that
y failures which have been aed perhaps
large surplus Of with liabilities We could
mention special facsbu the general own 10
be strictly correct They have assets abundance consisting Of
notes and bills o. exchange, but they negotiable.
There is however, great difference
Real Estate dealers ana those entirely confined Dry
The sets Of the former asd the high spccuac
which warmed into existcncehe latter
dicated merchandise sold ar and legitimate ices For al
Though the imports for the last oB 1880 1897
$3.50 this prodous influx raign
values down the prices prevented spccua in that
ticular attribute.
Yet the general gloom without Of relief Tho
immense Of depos the banks indicates
emaca that the general confidence and general
heath never higher mixed commercial Thus
far only three branches Of trade have been atectedD
Goods Real Estate, Exchanges and Stocks every
there decline oacvty but disruption of confidence The
degeneraed from the good old systems of short cedssss
imports opera ions within the limits Of ca ital
The fist pert baton that has caused TIE reaction
perhaps be found the extraordinary Of which
took place after the fire Of December DC sts
millions beyond the experts These values found their way
from the Atlantic the south aud long
gsodpnces coemporaneous with this the specua-
os in the public lands in ownsand in city began.
The rebuilding Of the Burnt District also took place
proceeds othe oimpsfs being emcd to the
Atlantic form the basis OF Engans Frunce
| llsc
and partly the southern and western houses tho
which ought to have paa foreign und It's way
into the Public Treasury and there uanne IN ana
fro the stock s under the
the oil of hese
that foreign creditors the day Of
lose the balance due them caused by
imports In the meantime banch ofthe fore aud the
pnblc lands business will Be completely parayzed Tn
will dnnsh npos-and hence diminish dut,s the
public and thus by singular self destructive process
the principle ofkn; the that laid the golden the
plus by its operation the laws Of will
destroy the sourceof supply From the
ea commercial rcvusn gsng The public for
| 1851 wall mos likely be diminished two thirds.
The governor has re;oed the Improvement
expendns millions canals that ground
pecuaoa caused passage, and that would involve f
twenty -four Millions thus debt
io,ynv millions The governor h,s shown moral
rage
twas stated evening that Of tho laress, ucn
suspended further of package goods
quenoe the Several faiur,s reported
made The Cashier Of the Umsd States Bank be
today with fc, supply oibonds This day tomorrow
WILDE Terrible
GENERAL MARKETS.
business dull yesterday Wednesday. No private
sales made At auction little done and
little We have sale of Dry Goods Amounting IA
packages Of Foreign and Domestic by Messs Austin
wlneIng Co. well attended and the goods of
better prices the last three sales sales
other goods by auction follows Msss L. NJ Hoffman
sold about 1850 bags damaged Wheat at so sfto m cash.
prme Havana T-bacco o. si 10 90 500 drums Fss
s bags Rio Coffee al 81; 10 casks Rice damaged al 3
RiceNo sales ofinrorancc remains al our las, qioa
-3soaiO,.
sugar-contnucs dull Sigh, decline has taken place off
per pound sugars We quote Porto Rico si brown
Havaaa, al sasi
Freights-on cotton Liverrsel brisk nava
going forward We qloie a. q sd ., for aye
very little ring.
bags rye and s7Tc bags wheat imported res
terday.
F,s,yremaos extremely beavy ard declining We qso
Western at 10 10 southern at 50; New York ia 60
1875.
P.e.,p Of ProduceReccyed down the North River Apr G.
os, s -four bs ashes tbs provisions kcss butter
s bales hor, casks cheese ia Ibis polk kegs lard
Prices Of ,'tocks al the New York Exchange Apiis
a. g. Bank, us, M, iai southern Trust Co 81
Rank OF ". i42 Cnif lns. Go. so
| pnnk of America, ll6 Neptune lns.
| bel n Ilud -, esi, si . "a Howard Ins Co. "