Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-06-09

Friday, june o.


curity called specie" This Is idea, and entirely
original to the profound fnancers that manage that
Another Wall street paperhe of Commerce
cues the Brooklyn Bank for folly of its notes in
specie Why do not the gentlemen of Wall have the
Brooklyn Bank Indicted by the grand Jury thut listened
Mr.. Haggeny. To pay ones honest debts is an outrage
upon the and deserves
Such the singular perversty in the sense produced
by the atmosphere of Wall street!
Yesterday it was calculated by the bullion brokers' that
$4,000 SPECIE went by the packets Not tenth part
Of this entered the Custom House, and Of course it
will be miepreented by the Wall street corrupt prints On
Thursday night after down. about twelve kegs of SPECIE
e5oeo EACH renewed from the vaults OF the Manhattan
Bank and carried aboard the packet What will the Globe
this conduct in bank! When the banks receive
specie the stand in the street. before the werd
SMILING and bowing and paradng the act before the world
when they send away they do it sneakingy We shall be
candid This SPECIE shipped by the Bank did not
come from its The bullion brokers keep their
deposits the banks preparatory the sailing OF the packets
The trade in specie still brisk. Probably $4,000
eeised daily in Wall street premium paper varying from
to 10 per cent Since the suspension took place. is cacu
lated that the receipts of specie New York nearly
100000 from all parts of the interior is probable that
toooooo have gone Europe in the time The United
States Bank and many other institutions have been the prnc
pal shippers thereby preparing their engagements in
Europe Several Of the large exchange houses such Browns
CO. have been recently exporting specie in large
meet their bills Of Exchange In England II probable that
the specie export and import will continue flourish fer
time From paint OF the interior tends To New York.
aud The banAs show few signs II resumng specie payments
II will principally from boarded among
muniiy
In the OF the morning had arrival from
England bringing day later ri Of May. These
accounts rather confirm tho favorable condition o the money
markeL things England there ir sp-
pearance II any serious revuson, disguise Il,
that there symptoms unAsorase the equssle
rent 81 commercial affairs the revuson and rrxcsion In the
American only point calculated affect London
4 M h.
This however altogether the The British East In
aa trade since the suppression Of the monopoly ~ the East In
dia Company has opened Cor speculation and
en,erprze This change In the commercial policy Of England
has produced the effect which the refusal Of Congress
caused In this country the charter Of the United States
bank In England the trade expanded beyond all expert
The consequence. therefore, reacion-a revulson
fall Of prices The symptoms Of this reaction just be-
ginning appear In London The failure a large East In
da house caused conservation there than the gloomy
from the United But In addition this
trade Of this country also London, the reaction OF
which will appear nj the point Of time. Accounts from
the continent Of Europe, from the Mediterranean give
gloomy Of the state Of commercial affairs all the
world.
The danger to be apprehended therefore,
ceniraton and accumulation OF all these adverse upon
London at the same point Of time The this
country M New York the 9Th OF May days before
banks suspended embracing failures number 500
liabilities equal TO 500 600 900 for the whole country
plorable intelligence would be received London sometime
the middle Of June About period the revuson
ofthe British trade with South America with Indies
with the West Indies, with the continent Europe and with
the Mediterranean, would be activity The Anne
rcan trade alone generally considered single the
great account which London keeps world
would not create ripple the surace-bu when general
reaction from the whole commercial world with
intensity upon London then expect excite
men disorder and alarm lis greatest height Who has
gotten the effect OF similar causes smaller scale on New
York. The recall Of the credits given by the American houses
and the New Orleans failures upon New York at nearly
the point OF time That produced the crisis which Mr.
Bdde vany attempted stay issuing his bonds The re-
vussn, however, did not sop-t became intense till
half the city failed and all the banks by the board.
London therefore, stands similar dangerous position
the OF the commercial world Originating great
s,ar urged beyond all bounds into
every part the world IL forms phenomenon unknown
history and actual finale yet be seenThe whole
has been aiseased-caugh in the Europe, Ame
RIGA, and the East Indies all alike.
Such the condition OF things, according
The eectthe actual results yet be
From this period up the meeting OF Congress, shall
intelligence by every arrival rewng light upon it,
Many think the hurricane is pas-oers that viii blow
about the time that Congress win n very
that commercial failures still continue. During the
week. have sir actual failures, and dozen
extensions, which geaeraly considered much the
thing. Thus 40.
GENERAL MARKETS
NEw Yous, Juns ssh r. MBusness today passed oavcry
we'll Another sale Of Teas took paceu rather dragged
through--some lots passed.
FlourNo material change Ia the markeiycry lew sales
occur
Grain-The market the past few days has been Moderate
remark of COCO bushels sound wheat e21;
bushels do do at sIo s1i; present quotations
rs sI.5o for foreign Is Soc northern rye a.
Teas-The following sale took place this day chests
hyspn Si00; 2j6h boxes do &c; iocases
Tie; hall chests young Tyson, Sic so
do &c. do. isc Is chests hyson sk. %
aoc half chests gmpowdrr M N Soc, 100 sb do
at 5sc G6c % half chests imperial ag7lc
100 sl BOXES ssc % Gc - ehess pou-
clonv at 7ec; chests souchong e half chest, young
hyson e2lc IN chests Tyson, si2sg 10 chests qua.
powder at s2ic eLes, ~ chests imperial s. sk Also
/ 600 mats cassia, NJ Zoe. Terms months
Auction saes25 boxes cheese, ala 7c boxes -four al
s; half do a, s3i Dqr. do nsiI % bales cotton 81
| Gle.
Bosros juno 6Flour firm lLs prices ~ las,
Sales Gepessre Ioos Ia Ia for common brands,
and IN Iei IN IS foe fancy CrsnCorn
enough supply the desanh Sales ~ three osrroes
nj ~ eac for white, and le2 for yellow sogassIes a.
small lot brown Havana, by auction today % &C. u~
Nrw OWLrASs MAY 3a, r. M-sales NJ ensiun thu day
66 bales, m lie sugnr-rrme scs infersrr ~
moderate demand Havana white 10 loi hrc~a, sales
Msassc.-on 1--we = &c per raem 60 rIan ~ ~
prime sio Fiour-supcrdpe sie sIaso fne, tso pr i'
sales Coneeiavana. grcen, VOL fics niirr, 10 lNtrg
Ro Ioa i2c, Java, ia sc sales To.accoFra quality ~
Sc. per nj 2nd do. ~ a. do croed Do small sslss
sai-L,cool coars ? hne, " 2, = 70 ..ca .ni
4 Newt