The herald., 1837-04-01
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COM Nj ERCIAL.


COMMERCIAL.
Wall Street, Saturday. AprfI n
Yesterday things in Wall street the adictory
and condition The laws of and the ws NJ
Congress came in conflict remarkable way ofdoers
u was all smiles aad sunshnein doors little fear alarm
Ihe relf to the merchants spangy enough This
them encouragement and inspired confidence Bat banks
not step was taken without emb ling and alarm.
appcars that the Bank of for
and the National Bank for ITSELF called upon shape Of
Treasury drafts for amount of equal
carried to Richmond Virginia there deposited the of
the government This required the order
of the state Of Virginia f its share OF the public punde In
batch thanks capital ust created
and those who have passed them them agos
pemim stock, without the specie New York The
commercial which Virginia York rmust be de-
layed till bank spectators TIE Old Dsmuon carry their
schemes real Albany The government un
der the of the Distribution Law Of Congress- becomes
party this and thus at moment when the whole
ca the OF general suspension
payments the action Of State and Congressional leg station
aesh demand and take the bread
ofthc mouths Of the hungry
Under remarkable Of things the Of relief
wisely devised by the United States Bank and proposed by the
merchants the Wall institutions, shon of halfhe
value In the Board of Brokers' stocks to cenoer
ably liberal discounts mace and fore eAohsnse
rather high and prices But neither the stock
aors nor the the Of things which
yzed the ion the baHks In the fm OF discounts and
changes whole relief did ach two millions and
the drafts for under the iron will efthe Treasury De-
partmeni might extended to three four millions
movement banks Gov
surplus caused by this draft and visible
cn throughout day We clear Of difcuty-nor will
present OF the laws OF Congress continues
oppose and ncuaze the laws Of trade AT this moment,
while Virginia the Distribution Law draining ssecie
all exchange opeaionthere probably
paper hci banks circulating here besides three
fvc millions ocommerca coming due Asmple operation
exchange saved the necessity Of the specie DRAFT but
it must not be-he government says ohter,otse
failure # Morg Co, ceatiag complete panic in
bank Sush utterly useless for all cash
nnl thai Wat Virwaa
Ike South begin entirely refu ed BY the working casses OF
society Mechani Of hemwere asosshed yesterday
to find that ey distant INK redeemed at
premium of Morgan Co will therefore cause Sc
ye embaassments banks (which they acted
The Suffolk Bank Of Boston will have 10 take the trouble
Of England blsfo from this circle OF ccula
they will all be returned to that point All the dais which
the Ohio Western New Yok, Cncinna and
elss where issued payable at Morgan Co.'S will he return
und protest. The operation OF this suspension viii be most
disastrous Among banks for which Morgan Co
agents. Fairfield County Bank, the Bridgeport the Mer-
dian County, and the Stamford Bank all OF Con-
neecut Bank has capital OF $4,000 all paid in
and nearly all loaned their agent here The ercaa ion Of
this baak $4,000 $4,000 TO $1,000 OF specie Vi the coanec
ton Of Morgan Co with banks shall give
as soon as asceaaed advise body be cautious Of
country bank paper.
The only institution which appears be able and willing to-
meet crisis the United States Bank That bank began TO
sell exchanges yeserday-and operations for the packets,
wA are tanned till Monday win and must be esten
today early Of March, will be resoeeed that
Bank drew New York for sJeoeo Part.f
thai least million retained, which
the basis Of the relief II will be there
the den OF the Bark by his specie operations
York the gnnng s March, accelerated the crisis
which end Of the month"; he relieve The
indeed by its financial on has aided prsduce the
but u like Mr. Bldc IL does not me nie the field
the harmony OF the machine had contributed 10 dis
turb
whole Of the banks have scca forced
Il is known perhaps that n nm large m.rchon had
secretly rescirea suspend payment before tho capitalists who
hank their md
openly with tho that before the world
This believe to be the fact Two days meeting,
talking and threatening before the banks would
succumb Nr Bide in moment guve his consen,he backs
then followed the government eseron ~ied sry,
ridiculous, and absurd.
The BY the Espre Mail o New orleans are TO tho
and from Mobile the 2sd Tho maikttwas
tgh-cot the fal-and speculation knocked in the
head They hadnO, heard Of the failure of the Joserhs the m
Of cotton in Liverpool.
Yesterday dull Flour continues sul
at another decise We quote Western sii s a5 New
Yok $1,000 Southern $1,000 New Orleans has bcen
sold $3.50 II it, downward course iec57 bags
wheat, AID 5s27 bags rye imported Yesterday
Goods market rather dull both at public and private
sale sae Of about French Goods only Of
ohe lots were passed on acccuH OF the
low price goods prevou-y brought 80 bags Rio soce
cent. goo boxes at 81 cash half Go DO al
o 10 keys sun do months 50 hall boxes do do s2t
cash tons Smyrna wood at ons months loo hhs
New orleans prime a7i u soday 7haf pipes brandy
n, Al, rs.b London do. at no months bales soft
Leed sm.nds iol, months IS basket os at "a
months 4hs chests Young Hyssn Tea do Imperial do
at moss IS baskets champagne al 70 cash iobsss dutch
beans at i65.
coon-Holdcn generally have submitted to reduction OF
last weeks quotations. The transactions within he
few hayebsen heavy The sales have been scne'ay
70 export at prices, from ia for ordinary 10 is fo COED
fur
TobaccoTbe have been for the past week. 60
hhds mmechaltake 81 10 ~ Is ditto at a. and 80 de- nsr
chanke a. There been operations at Evae sale
Of inferior Kentucky prices which rated very low.
ri nj York Flchance, March al
a.. n Rank. IIe Long Island X. r., 65l, So
Merchants Bank, oe guca H. H. lls ilst.
Bank ofAmerca, II7i FARMERS Irs 20, lw ~
4 SEP lant-fs Bank, Miss ti2
7eA NicksDuf sank w. y,
gurh,rs A. urovers ok l,7i o Iae Trust Co. c5i los
co-,,uercal tsnL ga Am Trust Co, 50
Mshswk II. r., "a 72A 70, ~ Bowery lns Cosw =.
Har r. r., 50, e3t 81 Bos rcv. y. y ~.
" o. AZ GW0. ~t
nj state of NJ " 1885, ~, SAN }. n. n r. Co, e4t
Wo,,,s Canal Co 20. SOL Canten Co, So
prces of stocks at Philadelphia, March 40.
n @ Rank iisl isi IsA is Kentucky Bk sol,se
G;rs,; sank Isl Del a Hsd. 50, 81
ICorespondepcc of the Hersdl
MATANzAs, March i6, 1887.
since our sdyces nth inst sf the