Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-05-19
mon Ely Nj A Rk EFT.
Friday. Nav 1876 p. n,

rms Day the Board Of Directors OF the u g. Bank
dephia have meeting TO deliberate The proposition
for Mr. Bdde TO into Wall and operate
new banking law the result shall probably hear
row. The precise nature Of the proposition do under
sand Hit for the u. B. Bank establish instiutsn
a"asr 'ne new banking law Of this there OBJ
Jecusns which will be difficult In first
Issues are 10 be by morg
cd ianss within this sate worth double the amount for
wnen are pledged We not that the Bank
Of such property In place. and
places 81 edence OF the ahareholders the number
shares heid by each OF them respectively be specified in
the certificate. These objections rs he hank il s,na,ed will
require some delberation Is therefore rather
whether the result the consultation will be ver.be or 9th
erwse is aso an untied experiment and however favor
able It may appear on paper is impossible 10 re- how II will
work until MAS been put in practice And Mr. Riddle NAV
choose to Its operation smaller scale befor n.
largely into the field, although the impression Is tia, II win
undoubtedly work we'll At This there NO m,ss
ing demand for such an institutions for the of trade are
sufficiently supplied in the money way at present.
The stock sales today have been very heavy and at rising
prices. w. 8. Bank Improved per Mechanics also
went upA per Bank Of America rose per cent Drv
Dock per cent Most other stocks firm, but in
some instances decline manifest particularly NJ X Bank
which fen of per cent Long Island Rail Road reseded
per On the whole, taking vie amou at offered
they very firm Sales Of Treasury Notes tn amount
Of $4,000. Six Per Gents were made par.
Bhe Kingston Bank has declared dividend OF per cent
Also the Bank Of Ulster County Of spepcent
State of Trade.
The cargo ship offered this morning by
Messrs Mntura Co.. Consisting OF fresh If various
scipMons. The company in attendance Numerous and
the Teas taken with spirit which material
change In the market The ananines hdrawn very
rifng ing only 400 Sib. boxes Tyson $50 6lb The
Yourg Hyson half chests chiefly sold chests
nearly the whole at the same price Fhe terms
usual e.t.
The grocer auction sales have been pretty attended
aad In most instances prices good The tobacco sale by
Gerard stopp d-terms 8, and months The brown
Havana sugar by Pels cash The iobac.
co sale By Co. HID cash, this three
CoTToN-The business during the week has improved n
sales 5000 bales principally export Prices have
advanced Modelling and fair have been quest
ranging from o. Strictly fair commands l0a Very
little Offering prncpa Mobile Orleans have been
TO- Florida and Uplands ass4 TO- extremes
AT Savapnah the 2h the demand improved
} AT Charleston l2h, the the city is last recoy
erng from the dreadful effects the fire generally
condition orders. The demand cotton
sheee descriptions the ss72 bales al extremes OF
"a III At New Orleans, the OH
guests sars for the day were $500 bales
sippi at 81 North Alabama, fair, g.
ToBAccoThe demand continues fair and some transac-
items have been Effected which show however,
change prices At New Orleans leh bolders are firm Al
advance the article forward very slowly in
consequence OF the crops being unusually short
limited a. Ia for frsts, 81 fer seconds crossed At
Bsinere 10th, the demand good the receipts common
seconds 50 common cress A5o $50;
fair good 8; good fair 10 50 inspection for the
week lie hhds, Maiyand 81 hhds, Ohio 10 hhds Va,
hhds., Penn.
BREADsTuFFs-Tbis trade in all its hranches rather Su
the light receps from the river has caused -four adj
vance slightly the demands fair Wheatthere any
In the markets there has been arrival yesterday
bags German wheat, which the Rye
mains muoh the Corn Is last noticed
improved The prices Of Sour are as follows: