Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-01-26

dergo no reduction, seem 10 rest their hopes on a
very slender foundation. We have never SAID or ex'
peced that there would be any premature disclosure
on the subject and il is clearly beyond the collective
wisdom of the Board of Directors themselves TO say
what the situation ofthe Bank may be In March next,
when the declaration Of the amocnt OF d'dend - In
due course 10 be made Some improvement In Bank
Stock has, however, taken place today, In conse
qlcnce of what occurred at the meeting.
Money is abundant at the Stock Exchange, ana IS
producing its natural effect combined with the high
prices OF the funds, In causing an increased demand
for securities bearing a higher rate OF interest
Among Others the state stocks and shares in the va
rious Joint stock companies IN the United States are
quietly coming into circulation. In fact, without any
effort their part the work proposed 10 be done by
Nr. Jaudon and his colleagues OF the Unlted States
Bank, is in gradual course of accomplishment. The
prime mover in il seems, in the mean time, TO be al
most lost sight of and forgotten. In Liverpool, the
cotton market is doing the same thing for him as the
Consos market here; and WIN sach extensive means
under his CONTROL il IS impossible TO say how soon
our stock of bullion may be at his mercy. million
or so NAV possibly satisfy him. but If his country can
take more il will be useless to say that he shall not
have IL.
The Consol market bore firmer appearance to-
day. and Censos closed at SO ga 10 for the open
ing Bank Stock improved TO 207 for money and
20S for account. Excheq ner Bills were AIS. TO 49s
and India Bonds 2Ss. 10 29S. premium. Money out
OF the heuse has been for the last tive or three
days.
PAPER CURREScy.-The excessive paper clrcHla-
ton of 1886 has been greatly cat down by the Bank
of England and the country banks. In September
1885, the circulation of the country banks was
ll,733 955. and the circulation and deposits of the
Bank of England 80 265 000-to,al 49, 995,945l But
in September 1887, the country bank circulation was
reduced TO- l42 049, and the circulation and depo-
sits of the Bank OF England to 20 907, 000t-total,
40049, 049i; showing decrease OF 3,9i9, S96l of
which $500 0Oi is in the paper of the Bank OF Eng
land. Al period during the last four years has the
country bank circulation been so low as at present.
We need not say that this fact indicates the depres-
sion that usually succeeds feversh excitement But
as the fever has entirely left us we shall gradually
recover strength and vigor.
LospeS. Dec. n American stocks-Aabama. per cen
Of 1863 50 81 indians. per cen 1882 81 Lonis'aaa de-
p per cent 1861 II. s5 New York cent isas 90
Ohio pc. cent $50 r.. 70 i per sen Rsa per
(Aprl., 9sl; June, 97t.
81 offering in The market he business confined to les
than 500 hhds p disp ,siron 10 buy hold
.rsng quality suitable for refining hve been ssd pracpa
" Cos per The transactions in foreign
be eS almost exclusively held by rue ise
sn % Of Jamaica at full m
casks Of Berbce chiefly AZ lo4s Cd u 2s for nddng to ae
eesSn"; No aes Of oregn Nothing done
1000 East India ginger od 2s s2 per
al "a PER ID free ESQ bags Of Btrga have been so
business a in ra only consists Of leo eheay
strong D,m.rsrn, atss I'd 10 4 Sd per gallor.
DIES pc American bui for e few days there has
sr,c fsom the qao alton. Of Fra last a, pubic sale
SD for 20 fair quality being prices previously
current Soec l1crs have TAX 2eoo American and zoo Sua
and there 'leran, aerdarce OF The lradr the bulk
esa.ed q Once which be.g held fer big rates Than buy
chests Of Bengal boug.t xrcme PRICES ae u chests q Ma
81 ID per in bond In steae sales have been
s7ss ew and about 80 CHESTS Of lac dye have been
OF no,ice has eccprrea in ',l!peLIs,, os. s.,
remsin without aera so tons Of ampescty locwoed
have been sold 81 Us e. for nddng and 81 is for good
,S oa o@e LIZ wood sold at 9c and
ann E as Ssr IL s
bris Of icdlng quality at lis ID No sa 10 American TAR
pear s.he. The safes TO or brs at s, Tor new
and Cos cd for old and as 81 81 per cw for new pearls
iron aled and, and the sale. confined
sa s nd@ ssm.rr AZ Il. per- cw, Nothing done IN es
verseed or naSsred market steady
@ .aed h.e S one lot a.
500 aed New York at 80 to sid 5000 brsed Ea India KP
sales about $50 hbhds which 20 hhds
were taken by he ho-.e trade Al steady rates
There has been ar improved inquiry for birthstone during
super scip lily OF good second atty f67s Cd
samae Of AZ ,or. a. Become YER scarce The business dom
and Of tartar there hss seel more Inquiry bpt the stock
have Sesn saseed Madasr root, have motto.
than for so-e me p,s sales amounted about
bales half Frese half Turkey at the quoted prices
Vaans of good quality, hiss k-ceWe would
csmm.ad ready az. Olive oil has sid pretty freely hi.
slight vsrietion from previous prices Fish oils still continue
with pale seal v irae 10 the dea
pear determined reduce their stscks before taking further
supply; the Importers thereorr, content to warehouse I'LL
os selling rather lover with moderate demand Palm
oil r~a~ ss about 100 have been taken bv ,h
shop I3j The spot ssd rs arrival E54
o per m of tnrpentne has experienced further de-
cline dsl Of sale In hemp little business has been
done the qurfs 20 bales ute hare been sod NJ Els
tasw has further advance Of Is 81
ct in Petsrbugh yellow cande subl sal~ OF Monte VS~o
taow go cnsts took place Monday and Oft ssky
at ~. o. 81 b~ing advance ef q tn b percwt
The grain market dull wheat has declined 81 10
ib Oats about Id II I'd - lbs lover. The demand
for wheat bosd degree subsidized, but prices
urue steady.
Correspondence Of the Herald
LIVERPOOL, iGih Dec, 1887.
Our cotton ssrket u in mach the tho 7h
inst the date Of circular For lev days ,ubse
qasnilv he demand active. which gave holders
advantage IN prices hut In the last days there has
been quantity offering and though fair OF
business VAS m been DONE full oi the early
this wctk obtsnshe IN all insarces and the market
notwith sniisg the extremely ew oct rather
the 7 instant The sales for the week ended
9Th rssr - 1880 bsles and for the week ended lat
evening to 2sese OF the latter 557n
land, tn a. With sb.u 100 81 7x7a Orleans os,
Island. At Is 10 ~ and 100 sfsnr al 81 10 l5d perth The
transactions ia Upland and Orleans above very ireon
sd srsbe snd snail lois ei the former ~ qrs have
sid 81 equal .hst has arrived the crop
TIE import continues hight and the stock n coton N
this port reduced about 4S 200 sleagaip 72le00
nj ia Inmate