Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-02-13
M q N EY NJ A n KET.
Monday, Feb. ~, o p


The nactoHin all speculative business great as ever
though The necessities Of life still fsrce sales certain great
articles Of consumption On Monday little done inquiry IS
the order Of the day.
sale Of Dry Goods took place at Austen Wimerding 4
Co.'S Thursday, six months credits the goods brought
good prices, the well attended On Friday Coss Hay.
dock Co., and Bogart Cranda, Bacon Co., lhe latter
firm, sold British ard American goods for cash.
They brought much lever prices than the previous day
sale of French goods made this morning by Austen Will
merdng Co. at four months credit the prices obtained
very fair With the exception of silk goods, snd
articles in the manufacture Of which compete with
England, think that Dry Goods will be very low this
spring The sales which daily taking place for cash
reduce the prices very much, the will too light
to cause any demand fer goods
The system of cash sales adopted by many of auction
GERS Is most runous its effects upon solvent merchants
Most of their money has been applied payment of their
notes they have became due and the little they now have
they must for the purpose of meeting the others
Those merchants the contrary who have SUSPENDED the
OF their notes much nv the cash
Having received extensions OF three years. they
have no present use for their money excepting purchase
goods with -ths they do and the quencc is that the
merchant who psnctuay paid his debts is inured and he
who has suffered his notes be protested for
and has received indulgence his has an tho re-
aeft The pursued by two Of the leading auconeer
the the merchants rectv safe
for themselves They sell credit six months for
approved endorsed notes. Of the sufcency the security
which may be offered they themselves the Judges and
they are at perfect liberty receive rel pursha.
ser being obliged by the terms of the sale make saac
tory II the auconeers would unanimously adopt this course
the solvent merchants would be much beneed and goods
would sell for much higher prices.
renewed cry again raised for resumption OF specie
payments ny our banks least for fixing a day
II is singular fact thar large portion Of the speculative
classes, have turned round and cry for resump-
ton at the top of their lungs The inacon the banks is
annhaon 10 all those who red larg
IN 1855 ard 1856 Were the banks eveR TO remain their po-
siton SIX months longer without curtaing expanding
dollar beyond their limits this day the very want of momen
tum would cause awful work among all the engagements
The naming Of day for resumption, looked upon amene
these cass amovemen equivalent expar ion-and
hence would any further depreciation 10 prices or
values.
Various other projects have started by several nan
cies One is on The plan Of Sias M. Sllwe to organize
nonspece paying bank capital Of real
10 authorize the banks issue post notes.
On the subject Of nonspecle paying bank have very
remarkable pamI he which English gentleman has put
ints cur hands, chalkng entire plan organizing
the currency OF commercial nations than that
ofspece In tive this subject will be up discussion
in England The Bank England expires in 10 ~ or
AS and there will be another great struggle there the sub
ject
On the subject of post notes. the expe fence ohe Boston
Banks this currency any thing but
prosperous believed that the Post system has been
the cause of all the difficulties which these have been
preepitated.
still evident that the system business cash or
short credits, is widening its operations and building up
structures the products of the country In fact greater
part OF the banks in this city be deemed AMI taken
specie bapkkut many consider rise of
prices and vast specuaoRs OF 1885, and SO only
acerslics Of prosperity and entire delu
son In the cotton -four and all other staple arclesalso
American manufactures there healthy steady business
stu doing-ns large speculative quite enough
to meet the wants irregular consumption. We becoming
of leg< tive
bodies will turn TO be lobela composition the end
The good 10 be dervedeyen from the small bill will aot
amount to much.
We have received detailed report of the iton
Florida Banks for January lsss The following are the prp
cipal items;-
FLORIDA BANKS, january, Is3a
South Life ms. L
Trust s5o,l5a 90 s7o27ss 60 ssss, 8, sI5 Cos 40
Do Augustine, 500 $50 90 344 IS o775 ~ so Iso 90
Branch Apsschicola. 2sII74 &c 2sC1 %
bkof Pensacola es75 90 2s6sss "a 1872 Is SIS 90
Central Bank, 3386 "a 7l6Js e6 81 4ss a.
Union Bank Oyo0o0 lI36667 a. 1900 90 las SIT N,
Cem'rcia BaRk l3gO45 On ooS ~