The herald., 1837-04-10
ONEY MAI II X X +.
Monday, April 10.

The money market Saturday continued In tne same unset
ea exceabe condition high fever Of the middle oil the
veek hss s. dsd u, .oethas like patience monument
sag at grief considerable amount OF foreign renttance
made for the packets which sai mis- there YET re-
deficiency Of several millions due abroad Probably the
whole romod did not exceed two nsns sf all kinds oil
bills Canadian bills England coming into the market
at high pce. The Of almost vvns The United
States Rank Canal Manhattan and Bank OF America,
have u securities take the OF the southe and To-
reign exchange Probably this will million Of
specie present All these sold reasonable
the Morris Canal which does not command much
confidence in the market
esock market the fluctuations remarkable Several
city ba stocks have fall terribly during the week and on Sa
uday they stood low while several Of the wreched
fancy seDcks from cent The Phenx Bank stock
few months sold for l2it down to par OF nearly
State Bank from lie sa and Manhattan Bank also down The
fn these bank ecks from the probable apprehension Of
losses by the failures is supposed that the State and
will suffer deeply in southern exchanges esrned
charged the terrible high and inous rates OF ex
charge south and few pity their losses BY these failures
probably have been lost banking nsu
,Uoas concerned in southern exchanges.
The failures continue without inermission Alarse importing
suspended SATURDAY for amount varying rom Que -
millions This failure usual carried many others "hi'
The amount Of cennerc7l daily laying over "o
banks great Notaries public have more 20 uo a icy
We also learn fom sources 'hat such e
entire prosraon Of commercial ered-the ao"s
M Tho ,a or the aotion and of the
public funds that many other large house 'ct ~
circumstan preparing 10 "'ho up 'ne ouss
and step payment We have heard oi TWO Vi 'ee WI"
depoes bank Of $4,000 that see no ohef ~
but failure and suspension
In Enrlasd last dates the commercial community were
opg 10 the United States for aid deeper distress
that oaror when packets Of this day and Monday
shall have carried out the what effect will produce heel
Then axaia produces crash the American houses
will not react New York at the end OF period
sufficient make the Atlantic out and
home BY shall be hanging by the eyeds for
days in order have from ENGLAND Ans then when
shall have another remarkable connc
single Of time the end Of juno and
begnsnr Of July passing through IN March and
April viz third Of the surplus eyenuehe 60 and
days the United States Bank then falling
the drafts and bills Of exchange from Europe
similar conjunction Of several payments thrown by aoc
dent that produced the present crash First The
merca paper OF last fall became due in the latter of March
and beginning of Apnsecond The return Of protested drafts
from southland third the second nstamen of the surplus
revenue dae othe ates
with sucha prospect before us what the
United bank being backed by the Bank Of England and
having fortified itself by the financial through
all city banks laid feet be able wea her
the s,on-bu the community do so
Such condition In the history of this country
occurred such except that which develored IL
self during the last waana that intense and
astounding the Let US look bask thstperod
In one year after declaration Of the had
handed borrowed loans and then required
ney In January February 1884, the and banking
institutions Of the middle States began to feel the Ell cts ofthe
state About this period Besten and Canada thoagh
which foreign the country began To dram the
banks Of York Philadelphia and Baltimore for specie In
March the Bo ton banks New York 6r than
million which supplied by the Manhattan for the whole
Brit sh bills from Canada also increased the draa
About period the six stocks fell Is cent un-
der par fresh loan ,ftwenty millions required
on the war beyond the legal standard There
was also mania for baak making now-PennyvaHa
having banks single batch which the how
vetoed
From August s things continued the go
xernmen requiring Boston banks refusing
10 subscribe or any ofthese oansand the baaks Of the middle
states sussrsss sf,he and tha
Boston and relaxed their financial the middle
states but New York Philadelphia AID
Albany banks balances tho foreign imports THIS 6nas
sal war between the north and tbs middle
break trade and A last resort the banks Of
Padelps adopted they only prompt remedy
they in body the sis August 1874 agenerdlsu
pension Qf specie payments until aer the tcar The Now
York banks headed by william Few and chaa Wilkes followed
on September the bany the 3d and he Maryland and
vi roa banks middle Of the month These banks
had then small supply Of specie, which they held ont
The effect Of this seen Bank currency IN.
stead obe representative ofspece became representative
of goods debts asd real estate accordingly dep-
10 10 20 per gold and silver bur all the business
oe country pressrred from proration
The Boston banks continued asd by that
preserved their broke all their merchants. destroyed all
their conmsroe and made whole st'eets tsnaniess.
The war Of half dsIetsrous the
ana currency u the wicked and arocou conduct
of the General Government has been $780, the
ssut had beeu borrowed and expended by the
nsn The action the tariff surplus and ds button laws, Of
the present time drain Of Millions which
may add 10 millions by rseo millions by ha suppress
sion of small msns OF gold and silver hsarded
h. operation Of the mint laws making all nearly 100 millions
r.sd Of county time Of found peace,
BY ac deni sver,nkng overrsdng oyeang in Washington,
ans bad Why should
profit by the pastl
The fem all cont to BE- gloomy from Eu
rope and the South esuayso BY the latest from
aye cotton still the decline Accounts em New
"a the ist and every orhefn ike proportion hsw
duness in the makets-scaciy Of moneys and
dec inc -Four down o. and - in New oreanssheat 10
As in falling aove the souh The busi
ne.s community in Mobile New Orleans, Richmond still in
a state Of Rculiy, and disasters anticipated Balti
and chaesoa the osy cities that to be
ed from the pressure.
are surprised at these events wetoh themwe pre-
ded the community Of them the
fsf They did believe IN the truth these th,n.
bat hey believe late adop, any other cmdy
thsn suspension and failure.
GENERAL MARKETS.
Business unusually dull Satiaynoe than
day ose OF t~, public sales postponed efths
insemency Of tho weather. together with the large sale ad
vcrtised By the messr Hasscy sons viii take ace this
day All we have tcaotice small package Dry Goods
quantity ofdsmaxed wheat rye and sua lot o coffee an
efwhichw we give below. Mcss Austin wilrsens
and Jshn Hasgcry Sons have given notice that they will
re.ume package sales in day or two.
Dry Goods-Maket Is au-no sales on private account
.L...t Lnna 4. .(.L~