The herald., 1837-05-02
NJ ONEY MAR X r II.
- ME- y

uassacsas vest rday inconsderabe although
orally the prices Saturday maintained Indeed the bus
donc sscks all docs furnish
scsn for brokers instead OF fifty The Board Of Brokers
well break up-sel their farntuelease their
and Wisconsin to wheat What .nge from last
when tae transactions Of day weud sometimes
age several millions of dollars are now extremely low
and would really tat they had -four bottom Yet cap
talists fearful OF investing they waiting
from Engasd or the dsbatien ofhe next qaarterl
The great talk If Wall yesterday the difficulties Of
Arthur Tappan that Saturday Arthur under
The necessity of asking for om his ceders He
made shift Saturday afternoon all his but
not till three O'clock and bit beyoni bank hours had elapsed
ArthSr docs ag bancss French goods He called his
creditors togcther ad exhibited argc surusabout Sooooo
and yet in ohe and the duness
oihe trade he short sl5oOo thercabous The
arrangement OF business the south has only affected him inS
recty His abolition sentiments have entirely destroyed bis
southern business but he has done for trade in French
goods with New England Ycrk and the north
western states IL calculated that his sales amounted TO
$i5ooooo which he charse pru.t ofIo per His
Of doing business has been nguy scientific and
curase He in the habit Of altering the of goods on
hand so as to correspond always with the market ices he
had lot goods that had fallen in vaAc, Arthur would mark
down the prizes he had tain loss IN ORDER 10 adhere
the rcpe always selling his goods at the market
he bought goods heag rising kct he wos chalk them
the way other respects Arthur has been
and sensible He has brought
New York The only objection TO him his wild visionary
tons about The negroes II he woId q this and be
rational the black mig al take Arthur good
grace-hut we ack concerns esp caly tie
weather coming II mmoed in the that his
creditors had given him that he had gone
again said that the will settled ill today
learned however that before three ecock yesterday
lorg consultation he TO The conclusion suspend entirely
The u s. Bank agency agreed his paper S5osU
the Bank Of America for sao, His payments for May
amounted 100000 Any for that period,
less than therefore nugatory
The other banks refused Interfere altogether under the plea that
they could make exceptions This suspension will affect Bos
and the heavily Arthur Of large for
and thaup he
few weeks he is sound and substantial ut the core-has
acted his BUSINESS legitimate princpesand will all his
debts, wth $500, 90, at east over.
The French and English packets sailed yesterday carrying
few bills of exchange and less specie In tic French packet
there probably 3oe0on the English, Soo0o-R all not
100000 The emttarces bills o. exchange
limited Only houses draw England rather, the
bills Of only two will be bought We aude to Prime Co and the
Browns Yet both narrowed eowa to few cash tnnsacton
at high prices.
The banks peculiar cnditan On the side
the foreign bill drawers trying catch the specie and the
her the public such market and Others draining them
Of go and silver II astonishing the number of females
with baskets banks in Wall street. and getting their
aoes char cd for the last months the Me
chaas Bank learn paid $500 600 in small for the
redemption other almost every Other bank in proper
Lon.
Between the foreign drain domestic dan fomenled al
by the agatos Of public meetings and the ckengs oil po
cal parzans at Washington and Albany the banks the
soventare placed il unpleasant peson This run ior
specie been directed the Savings Banks the deposo
pe as fast as they Mr. Peel compelled the Bank OF
England spcc payments 1917 the value OF god and
silver augmented cent in few months Guineas
worth shngs sold for 2s The quarc AID contests among
politicians here will gradually lead this country In
the like proportion the value
Of god and silver Each day and public mceneo
evil begss spread around the country Unless
and the gsve both OF the u.on and the
States unite aiming public cent ence banking ins
ulions less than three months they will have to announce
general suspension specie The great Of the
ueoIc ae OF tn, Constitutional Currency
htte stronger than the miserable politicians intended
spite or th- iaenlss r.eln ion monetary Affairs
all the mddng ranks Of life active and healthy
Prices are falling and will fallmore, but this fall will increase f
ray and modera ian in 1896 cotton wassupposedto
casand believed 10 be nothing better than cotton Now
il begins thought that cash usny like
sye and moderation equal pure gold 90 fine. Thus
wag the world Don't dcspakcep thy spirs gen reader
GENERAL MARKETS.
Yesterday the most Inactive day have yet soced-No
thing al public or private Goods worthy Of
small other description cfgood 7s5cbu,
els damaged sposed Of at auction at prices fm s
o cask.
AUCTION Sales May st4s bags conee a7i c. sacks salt
al 81 20 kegs at "a 8, 81 bunch do at soc
% do boor u los boxes muscacl at e2i - do
clusters al e5 half do do S. do at 40 cash
ceosrs indigo sis sbass coffee at ieo drums
smyrna figs at bales almonds at bls atIlc
cash is q casks 40 zee qr casks
s3c /; = cases museat at Si5s ~ days
Flour continues very depressed sales take place Of
Western $50 500 other brands
remaia about the same
Receipts Of Produce Received down the Nos River May
l,-asii barrels do ashcsis do kages
choe@o-3i casks cd-5k gs lard
Correspondence Of the Heradl
CANTON, January 9TH, 1887.
Dear sPcr brig habob Captain Putnam, for port send
10 YOU royew market Business sfather dulvery little
doing oil denominations Of imports money being
Cotton su and the demand Tor
and ether descriptions Of white goods lansud Couon
Yarn dcclrcd dollars and the reduction Is diff
fcuIt effect sales Wons Spanish stripes and Cdbtts
amost unsaleale. great sacrifice Leng ellis
thc advancing Cocn Their has been ile doing during
tho last week and would I've dcsIt TO fleet sales
tons Bengal 20. Madras depressed present
quotations 1913 Mania none in the market Teas
Price. nominal 0pitUarhere change the opium e.
ar quo aons therefore nominal there being
lions srd no pegen indication OF relaxation in tho
ofthe government We have alteration tie of
our market stK manufactures and six continues
same prices Respectfully You're, H. H. II.
sales Of srocssot ne Ne,c YORK Exchange, May
SO Del Z. Iud So 10 81 "a Har X. IL 5lt
Farmers Trust Co, sOi 80 Utica ". r., tsii To ei
M-s Canal so ie0 Bss. a Prov X r. ss4
100 Mohawk II. r., 5iite5 81 ~ Long Island X R,ss.