Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-03-08
M . N Il Y M A K N EFT.
Wednesday, March 7-6P. N


Foreign exchange opened yesterday with degree OF firm
ness in price, bat little spirit the transactions On
England, the rate 1914 although very prime bills
were negotiated at 1914 and few bills at
10& The United States Bank supposed to be in the mar
ket lCs This the port France the prices
ruled from 5324 SIS, and Hamburg, Amsterdam and
Bremen, the rates the last packet Little was
done in either, and the whole sterling exchange
would hardly reach SSooo very sum at this
of the when the foreign imports taking place
for the season.
This state OF the foreign exchange be Influenced
course othe foreign trade large proportion of the goods
imported are shipped order English account
The revuson last spring and tho continued depression up
the cose eff 1887 caused the British merchants and
turers to entertain the opinion, that
peced IRON this side of the This opinion has been
correct TO certain extent. The packets indicate
vva Of the foreign trade but it is principally
action of British capital We have heard several English
houses the other side recently trade
who have this spring. opened with this city,
Considerable quantities have already arrived, and although
the goocs were laid In the the lowest prices yet
profits arising the sales here will hardly pay expenses
perhaps 10 10 per to the full amount
To this policy of British capitalists may be attributed the
tendency OF exchange advance and rper
may expect the of trade will influence
upon the exchange market The import Of specie will have
like tendency.
We also learn that the pinner the SIDE
transmitting funds here to be invested in
count In So 49, days. they viii be able get
from taking the
Liverpool speculation market until the prices recede
The mere cotton shippers, either here
not fortified sufficiently with capital hold
ture They must realize rapidly and hence
the spnners may precptae these upon falling
market There strong impression here that cottoH will
fall heavily in Liverpool in April
Stocks today rather fm-Unitcd States shares re-
seded slightly, but the others stood steady.
webavs received private intelligence from Boston, advising
US mat more bank seems
at the Commercial Bank OF that city deauded OF
by operation These were sued
shifting 10 make the entries the books return Of
the emission the directors became suspceusan examination
was ordered, and the discovery made.
The most important in Wall the Merchants
Meeting TO be held today called together by the
notice:
PUBLIc MEErsG.-The Merchants, Traders and Mecbap-
es OF me city OF New York, approving the design Of the
requested TO attend psbc meeting Exchange
day. THURSDAY al the o'clock order express their on
the fitness OF such AMI In the ability OF
Banks TO carry II successfully through
This .csl is headed by John Jacob Astor and fellow
eddy the leading merchants of the city. What partsu
lar policy they may recommend the banks copecura
What the mercantile community expansion Of
counts 10 meet the pring trade Many favorable
mediate resumpuon-o,hers for delay till the Convention
meet next month In the best monsd circles today
ported that Mr.. Bdde would specie payments
of banks for the special that he not
credd would be affected In Eurepe This highly pro-
bsbe
We have received from Correspondent Of West UsieB,
Ohio, valuable Tabular view OF the Ohio Banks, The
feIowisg table embraces the leading items