Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-02-15
MON EY MA n X T. IT.
"wednesday. Feb. l4-6 p. N.

The sock market tody closed in q slight additional decline,
and few Transactions United States Bank shares also
dropping. In Treasury there's slight demand TOR
Hsuse but this is limited,
quence lted OF foreign trade. Five per
readily negotiated at premium New York which
equivalent 93 in specie for securities that yield per
cent per the currency. At this the Five
per worth for investment abou, 81 per cent
In commercial affairs there is very little dosg Cotton has
faea sace week. This has grown out Of the heavy
arrivals during last few days. and the probable decline in
England Its estimated that stock on hand In consequence
OF recent arrivals is bales Several vessels up, but
there great inactivity 10 general movenes even At the
present prices.
Breadtuas are still; tending downwards. Grain arriving
foreign parts both here and Baltimore, and the
SUMPTION consequence OF the pressure among the working
classes has evidently declined This Of the principal
inactivity and decline aour In 1885, So
wages high and work plenty This caused the
large quantities ofhoursnd often TO muth
Since the trade, economy in all coasunable a
forced upon oil ranks and classes the diminished
consumption Of -four, conbned with the increased crops Of
1887 producing fall the price, and ,hs fall viii Ne
heightened the spring approaches There vast quaint
ties Of grain INTERIOR waiting for the opening OF nsvga
ton Large quantities still their across the Allan
tic. Taksg these movements all converging to point
they produce ire sabe conviction, that in May
Aour will be low IL has been for period during fifteen
years past The of banks and the Of
rency heghten the probability this result For months
ooe curament be adopted BY the banks OF Rich
mond Baltimore and Philadelphia they
specie payments. This policy will necessarily throw diff
caes OF dour spectators add Dealers engaged
keeping up present prices They will have ose realize
and their Payments Hence the natural tendency
Of the price Of The article to moderation.
In ashes, cefee, moasses provisions sugars ssoaai
transactions taking place hut movement Of any
quence Il be recorded.
Foreign exchange began this ornng inquired after
Al present the merely nominal Sterling exchange
quoted s7 ~ a. The general opinion hat 4 viii fall
hs banks throw their exchasge ino
market this time there would be great fall In the qsota
tons doubted. however, whether their policy not
bold OF for time for the double purpose Of preventing
ruseus fsn exchange well In cotton. The quantity Of
the Europe by banking institutions consider
ed very large As they much under the
cessity realizing market Individuality possible
Aey win prevent any gui bu, hold r the sent prices
as long they can The Engsh manufacturers must have
Gotten keep their mills gioe With them TO purchase as
wanted, IL much point OF necessity, - with our
erperten 10 sell
The exchange and other MAJ kes THIS intimately cor
neced together sf both estsiy under he
seaersl momentum OF trade End the currency
Oar commercial with Engsnd every day get
ling more intricate interesting TIE balance trade
Al this .onsro, evidently flowing from Europe TO America
I'm Ter the scton of preses cuert there he doubt
Of very large import Of specie or goods iron England and
Franc. before NAV The OF foreign houses preeludes
The ,de. Of mssy imp sons ~ gocds We have foreign
oerehacdlre enough the country for year THIS
ss,pg he eass Il probable that specie viii Acw heresnd n
dos n,v vorh win be the which tend ny
Nav vsw York Gill he IL The 6ssneis 20 iou OF
any c,y Of the wbsle circle Of the eomee'si world