The herald. [volume] (New York [N.Y.]) 1835-1837, 1837-04-14
MONEY MARKET.


ethersf The community becoming ecoacie their fate
People areony asonhsd that they the coming
till rayaaes were rusnns on the western
prairles at the close Of a dry summer.
Yesterday the stock market inactive and de resedhe
United States OF the whole list eng the en stock that the
blast The PhaHix State and Morris Canal stocks all sadly
affected cm the late ai director ohe State
Bank was announced early yesterday suspended and
tat event again public attention the dongs Of
tatbank Another fact has affected particular bank
ey were much engaged IN foreign exchange operations being
abe TO re st the temptations doing business equva
10 anu H per cent per anum generally supposed that large
Quantities Of ioegn exchanges will be and
thus Affect these institutions in a s i'll higher degree
BY ofhe late arrivals bill Aoneal Bank for 600
retained from London. appears that il was taken
London by the Barnss fer the honor ndosers Prime
Co Of this city Such circumstance taken place in
The exchange operations of England Caaada have
morally been founded sold foundatioibut the
London las been probably Of the
trade OF Canada With Liverpool deficiency the usual i'm
poraion OF emgans to Canada whose picked
the Bank of Montreal and England New
York, TO form the has Off their exchange ope atoms
The ts country been pre-
cpacd by the determination of England to put an
end system ofcreds accommodation exchanges passing
and between the two We kite flying
here In February last the Barings made application
Bank Of England for advances Of i've millions of dollars
that date Bank separate struc blow
Mance, in order check the Credit the
United But this being slow and self destructive process
they the EXPIRE of her the
the other American bank loan extcssion be
made to provided houses would directly Off
30 per cent Of their American credits They assented these
ditions
That negotiation therefore, The Of the
mens ahd circulars Of American bankers in England the
American trade.
haPpea at the accommodation paper ba sed the Amer
trade IN England nearly millions embracing
period ofsix months Probably thd Eaay
been founded sensible and legitimate large
proportion Of the residue founded the iece high pces
which have principal exports for
time Yhe depression OF the of
the whole cropeqn.alon TO $50 single
yearhe return Of stocks also sonnet hag This equal
on nelish eeet.
Again by the int laws, go well silver, made
ofth legal in this country Formally esaender
and principally silver With England therefore,
where gold aose the basis OF the circulation into
compe for portion Of that precious metal banks
and of issues solid gold basis
them The banks England with paper OF 1907
millions according computation require solid specie
basheac the between tn for the specie.
The effort for last few months has been who shall have
this basis In the struggle these terrible explosions,
record have takes place gle whether the banking
England that Of the United States shall fall
The both sufficient and not msch
the dit and olvency Of either the the other
here for both Accord the latest the
circulation and Of the two sed
Specie CT cuation
t tnfa q States, sc.sccoc i IsSSSS
The teper these carried between the
two how many how few mercantile failures
banking Of United States that of EGG and shall be
Town The imitation and Of both curencies
have o,radng and the The
banks credits by
The Bank Of England the first the inequality and dis
urbance Our without knowing why but merely
from political motives, bisdered The
the only that capable Of sustaining the general
sovency Of banking drew the specie from Europe,
Of king the shape Of bills of cxcha &C. this
banks from this c culation han
Of andthoug the myads ofou cher may
be- doubt rotten the heart III, Bank of England
its position. and determined the credit Of
M the of the whole Amc trade and Of
its own manufacturing system.
such we take to lie position of things The havoc
we have already only the Beginning Of the great game
docs Engand many seleve then mixing
will receive bow that cannot heal Weowe Lcm $751;
eooooo They call for the dcfw refuse and break
chanthen banking system VIII not he sacrificed Thus
two q ovoradng and nsttenon
the tra. prnc ofbaakne laced the position of
gamblers trying and shea, each ether We dread
| the future.
/ GENERAL MARKETS
The opeiao yesterday rather smaller order than
Wednesday The weatscs delightful aud has teen The
last three days but does c!p hs business Of CITY,
be reced TIE fact merchants ell their limo
their engagements and having conf
desee sell goods therefore must expect that trade
| will be du l..
Dry GoodA sale % packages oore
tic dry goods took acs fairy attended, nd tho
| articles of at good prices.
GmnImporcd bags wheat and
Pfyate sales take place wheat rs iso soass
in the market continue rather limited
pva accoust yesterday notice sales oss brls
brown si do do crushed at Oh do loayss do at
~ IS do viii crushed do. Isl Ts2 leaves white do
1874 ni4 1866 brls loaf do at it.a Is
Flou-No sales article heavy and IL
declining Al auction yesterday brs Bddng
sold at 81 a cash.
have sales 10 record individual account
and only Al Ihds Porto auction. a cash
satof good Liverpool notice sales Yesterday small
a
ton $50 sacks posed q I'd casis asked
for pme; ooher description have transactions remark
Receipts ~ Produce &c received down the North River April
49, barrels -four iboxe. ash 50 head cattle 100 bsx~s
dies.
Prices Of .'tocks New York Exchange April 10.
4 q. g. Bank, ia, ~, IiI, IS Union ns. CO. 70
| Pbenix Bank, 1914, Mutual ms Co. 70
| Del A Iud 70, IN ins. co. ITO, les
| Noui. Can Co. 77l, 7, 81 M.hswk ". r., So, 81
| Bk State Of N. ", Sc Har IL. NJ -
Farmers Trust Co, s33, 81 4 Bns. Prov y ~ ~ ft "a
| Am Life a. Trust co. ia Bos &Wor r. X ~
| q. Life a Trust Co lola y. D. X r. r. C-, ~
Kentucky Bk. n, IS guca X; *, ia 10 :. .
vicksburg Bank, III Long isisna H. ~ ~ a. ~ =
". Y. las. Co. 100 ,,,-,-,- 80
| Prices OF Stocks at Philadelphia. Arn W
! state uar eeni Issl-esl Western Bank, 5fi, a
Phil. Bapk 100 htWucb
| Macha NE R,nk s, scbuyikll Nayle. Co. 1854
Schuykil Bk. So ne, * nsn' y, 80, =.
| Girai. Bank, ssh 1umsoh * Anuoy ~ H. ia
| M a M. Bk. Putsburg, SO
| NEW YORK RACES.
FIRST SPRING MEETING 1857,
| VIM COMMENCE "a.