The herald. [volume] (New York [N.Y.]) 1835-1837, 1837-02-20


Last week terminated unusual pressure in the stock and
markets lln the ancesand general diatuosncen
Internal specie operations On Saturday tho discount or emun
paper and u cent monn-and the
accounts yesterday state that similar state OF hngs TOOK place.
on the same day, IN Philadelphia
gene ally believed that the OF these disturbances
partly natuapay artificial The circulation OF the old United
states Bank believed TO be reduced to str millions when
the new a rk went operation its circulation nearly hceay
one millions This extraordinary reduction caused
these specie operations and of balances Another
is unouesonaby the distribution of The Surplus Revenue The
states centrally demanding their shares specie
badly order bal their baEkng systems Today is
expected that several drafts will be presented banks from
SOUTH for specie BY the documents ofhs Treasury Depart
ment known that there several outstanding dra OF
Orleans Philadelphia which caused pall OF the
recent call of Philadelphia New York.
All operations their continuance predicted six
weeks when the Wall street prints amusing the public
with the that the We
the considered until the distribution OF the
Surplus had found the channels ofccaton and become
of the active Of the country Some suppose thai
large bank in this city would these evils Mere niatua'o
large would be useful exchange operations. snd reduce
price, but also would be equally affected by the
principles which agatng and commercial ys-
tens.
The other changed much during the week
There decline although ain daily arTv
ing nlarge quantities this and other In some oil the OUT
ports slight reduction has taken place In pots so
Lutte stand taken against the high price but little enect was
produced In Msb has fallen 50 cents on the
SIC.
has fallen sghypobaby in consequence OF tho state OF
the navigation The importation Of Liverpool coal
for the past week has been very small has fallen
to S2 much complained Of in this article
Liverpool worth s2i, and sells readily that price,
there not being much ia the market.
Cotton ami all southern staples all unchanged
learn fo Philadelphia that market provisions have risen
during the winter SO rs Of the
great demand by the rail road to supply New York New York
hotel keeper will Philadelphia purchase worth OF
try, meats &c, and return day.
During the last week immense efforts have been made TO give
fresh animation transactions real Large quantities
have been sold and apparently good prices Publications have
also been made shelving that large proportion oe lots
this island few hands, and entire out OF the market
These operations have with the rates OF rents
determined keep the OF rents and real estate at all ha
yards aud it believed large blocks efnew build
ings mddng classes VIII be for and Lut up
Rents entirely undated and there eRt made in the
Wal prints treats and deepen the impression that houses
scarce--qaIte scarce.
Every day reached singular
markabe crisis the history of commerce. During the last three
articles have vaueothen
have fallen remained stationary Real estate food flour
fuel of labor have all from so to $50 cent since 1882
COTTON tobacco and other articles Stationary
have fallen The value has been altered
in much Iee To the first class OF articles
almost centuries previous the discovery oil the gold
and silver mines this conaent Some element has been
operating monetary system other than the usual quantities
of supply and demand II begins to be question mind
whether the present of food hor fuel real
tees am also the oabo not and natural
not altogether podu ed by local comsinaion We begin
doubt whether currency has phenome
and that although ourselves with hopes of
old prices that day will ever be Gold
and sve form the currency of the civilized world In this country
and England suppanscd by paper which nomnay
chang able, demand for the precious metals pa
per this kind issued by the banks will fall its
value commodities of the first necessity as
new mines of the metals had been discovered The first
effect of influx Of money change the Of
and continue agitation among the
society till its level be found and he applied
when will the stimulus of banks be applied Aye there's
the rub.
Prices of stocks al the New York Exchange, Peb IS.
u. 8. Bank, lIs ISL, ut, IL Union ms Co 81
Mechanics Bank l3l EquifaheIns Co. s6l
Del Hud elt st 81, seI sol hawk r. r., "a, s5 SIS!
Blk State ofN. Y, lioa Har X. r. SO, SEA, IS
Morris Canal Co.. 80, 3, 81 Paterson X. RIA
Kentucky Bank, 80 Utica X; r., lisis.