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


Wall Street, Thursday, Feb. *.
Whatever change place stock market yesterday was
change The fancies advanced slightly 4etsome
angou visible Money peey at to II per cent per moah
paper quite This will cause new iayest
the spring more and NOR: sets IN so Will
money and IRON the INFERIOR Many oil the
southern and western only waiting for the repeal of the
Treasury Circular ill the pockets of their business men W.
plenty of money to buy goods in New York
For past the banks oh states have been
full Of specie but little no circulation The Treasury ordcrhas
been the putting exngushe their
neis learn that the State Bank has little or no
circulation II the Ohio, Indiana and Michigan inhe
latter several hunks waiting for the action OF Con
sress to into existence As the Circular Is
withdrawn and the public land settled in some way I'M
quantities Of money will come along the lakes ana DOWN
the canals to New York Specie not wanted there ms EN-
circulate around or send 10
Europe The quantities goods by fhe recent arrivals
from Europe will all be required for the southern and western
markets.
There can be no doubt of general
ever if be not greater House has been
busy Within recollection ofne has the activity at the
Custom earlier the seasonby three weeks probably
ever ksown This acceeraton of from he
which the rail roads and canals OF New jersey and pennsylvania
are pat by the internal trade Sf New York these of
transport sbenecia to this city they TO Phatc
pha understand also hata great increase OF southern and
merchants will be market this season Phla
aepha gradually losing her character as mart OF foreign com
Part o, it to Baltmcree rest comes here She
will in short time sink down quietly great and ncrea
sing manufacturing mart
atoss but the amount that uncomfortable
notice There apprehension beginning prevail
later specie will abroad The apprehension found
cd correct laa Before six weeks couple of months have
elapsed have believe large Of
will this for Europe During the last three
there has been unnatural import of and will Of its
accord seek level spite Of banks and government
the specie trade Of this csuny may divided
cdng periods charac by certain broad features and
special results From 1890 to 1895 the import
millions and the export - mioas showing baaace against
Of 10 millions in In that 1875 is well rendered,
there great revason and disorder in the
market orsever previous that period the specie
been gradually slipping Of the country till the crisis proau
already uded there began the period of
specie transfers From 1888 the import Of
specie millions, the export As millions showing balance
favor of millions in During these years the
OF business equab and without rcvuson dis
order Daring all this period patio liar article Of commerce
crazy speclat The United States Bank
ged the whole with and advantage the merchants The
mpor only about "A millions each year.
which indicated the healthy action Of forsgn md
nen's and avenues In is the rda extraordinary period
logan specie operations From that 1884 the close
Of year. The aornary phenomenon of g mil
cspece imported scd IL millions exported the space
of hec As compared with the two fonncr periods this
shows state Of things The first period having
cd balance Of IL millions against caused revson far
lure The second period ,bsne the natural healthy Of
trade without flash ofghtnng The third period
clearly indicates the operation Of unnatural action
part th banks the perhaps both and there
will export specie Neen Eurspe
AND Anne ica have doubt indeed begun in spe
of the effort TO conceal II.
Prices or Stocks M the " York Exchange. Feb 4.
u. :. Bank, ms, isi ISL, rs. oho l. a Il. 1884.
Phenix Bank, i2a. jackson lns. Co. 100
~ River Bank, ia Mutual las Co.
Del. and Had st A, g. 81. Mohawk r. r. 81 a. g. a.
Batch and Drov Bank, I2l vi
Bank st. Of N. q. iiit. Harlem II. r. 90, s6ls5
Morris Canal Co ss Rost. q Prov. X. IN. 1904, Q, ST.
~ y. Com. Bank, los N J. r.. X a. L Co lo7,
N. H. a Del B. Co. 60 Utica II. X. ls44
Illinois Bank iolA. Long leland X. r. ST.
" Trust Co. liz. Canton Co.
Pnccs OF Stocks ut Philadelphia, Jan. 81.
w. :. Bank, lis. Planters Bank Ten 1901.
Philsd Bank 10. Vicksbug Baak 7yt.
Gi ard, S. a. Del a. Hud ga, 49,.
Kentucky Bank, 92} l..