The herald., 1837-03-11


accounts from Europe To 2sth Janlary promulgated
yesterday msrnns giving the information OF fall IN the cotton
market ofLepoe and ss reaction in the money market OF
bondon had the effect yesteda oil stscks widening
the and causing addition the
ofhe kos Several stocks fell and the business less
qaanty There also two specie drafts
banks in favor SOUTH but this pacsd by the
yai fifty huodred thousand dollars specie fiom Pha
elpha continued agiiat ion Of the business
great feverishness To the market
Great quantities paper currency coming into his re
fon from south and south calculated that 9b
one million Of dollars circulation Lee of the currency
other This good sound with
the exception of certain banks and rail road Of
the southwest
We rday for issued .y the Mississippi
Alabama Rail Road Company, made payable at the office Of
Ness Josephs OF this city which worthless point Of
That has provided funds for The redemption Of their
here and theissue oft that sm equivalent 10
fraud The bill question purchased in New Orleans for
remittance the hands of seafang here and
thus caused distress respectable people 10 whom wa
large sum.
Several other corporations o. the south have similar bile
made payable in New Ysrk without funds sng provided for
The of the county in very bad conditions. Since
the government heran TO taper with has from bad
TO Our general system Of banking and currency 10
utterly useess-osy capable Of msc unless we have
national regulate Five hundred
banks issuing without let hndance will create great
evils both to and to the people The legislature OF no
state apply remedy The evil beyond state legislation and
to the notions the ocoocos the greatest trash that
filled mems minds.
will passes an change The specu,aoas
of this proposed to make the Safety Fund Bank
SYSTEM which Only applies 10 particular banks already char
throughout the stae-opcn to oil capitalists
uescn. provisions principles There
probability that ESQ, there will bo end the
gues peatca procuring banks heretofore Yet the
Of the system wi have little effect exchanges
the commerciai raons throughout the country Nothing will
confidence the movements of but the cstab
shmen of ional anksone in New York,
other in New Orleans Such establishments, dealing only in
bethoughsut the all eses would regulate
system in six months.
The spirit of the general markets So Minturn Co
large sale Of Tea and Casa the of the Horae
sales Phoenix Buildings TWAS fully attended
off prces-ems months, approved The prices
ranged from 5k to 6s eerts for teasl0 to Io for since
last ek have notice sales 0flo0 bales
st Domingo Tobacco al LEA and 100 do fair quality Is
All descriptions dull and sales have been bat
struggling hhds Kentucky Yesterday there
goods by Mesrs John Haggey Sons credit The
Also sale o5 bags took place at cents boxes do
Ies Is ss do g. sodays brs; nperrcd at n,
iea cash; liobags wheat at ss so cash. bales hides
52 5s eoa 49, mos; 20 bales WOOL o.. 7,
hides, 8, 80 dry do. 81, cash
By from south per Express Mail the money mar
kst generally depressed At Baltimore money at
IA to sper cent a mnnth-at Philadelphia IA o2l
BY the Syie dc evening We have commercial ae
from Havrc the day ssles of cotton
were sl-Anerican sorts at co l.ss-mpo bales.
Prices Of Stocks the New York Exchange March TO-
Del G iad ad sss MSSaMs SEas r. f. CO. Co. 49,
ss5sa So Canal .s s s!sis'P PSv R
\ o Ca cans!co. s7l MIR r. a r. CO., los 81, q
A% fa, Co Bal U.s. az sS"f0S yasa K r. r. aS g. si
50 thern Trustee 9. Long Island Il. r., 1s 7si
Al anic lns. Co. i7s
Prices Of stocks at Philadelphia Marchs
see.anic: Banks Ken,scss ss.s, a"' 20 ~
eaaa ss m SSs;s' bs .s aass ss .