Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-02-23

e51S shares at an average OF 500 : $6S7 800
It's highly probable that these stocks have been bvnobs
caea lot 20 per cent their par value making in ali
s75e,O00 on which the capital and crcnI,on oT ,h -
were loaned At the prices Of stocks thew ma hrn
PEI cent On an average-thrs showing dead loss NAV
accrue to the Mechanics Bank Of 40 per cent on The whole
amount hypohecaed ay equal ts ssoo ooo TIA,
the Mechanics Ban. will lose s25cooo by It's loans 10
in the hypohecaton Of these 1885, seems vsry
bable. 80 Pr
The effect now Of throwing much the make, xiu
have depressing tendency all fancy stocks il noss
be however that the hypohecato and the Bank may have
made tome previous arrangement about prices and thar
snosd any parcel fetch more than price pre- youv
agreed upon, they will let it go a that price,
This immense quantity brought hammer in order "a
effect settlements that could in shape be effected
without recourse TO legal rem edies.
The specie market IS In extraordinary condition Saes
were made today at per cent and the highest was only g.
There has been demand for long time by The banks
and the infux from abroad than TO meet
wot inquiry The government, indeed, may throw large
amount ofs Treasury Notes into circulation and TINS pro
cure the specie bat cannot retain the article few DAYS
Neither ocofcco government ocoeco politician can
keep gold long enough TO hear gnge Both are out at the
breeches and elbows Its engagements exceed its revenue
and the Treasury no partially filled than emp
tied.
This GENES of The entire disruption Of foreign import
trade, and the present Of things continue Ter year
shall have make record of very
debt to begin 1883 with
There great anxiety beginning be manifested for The
arrival Of the packets The financial commercial
news from England for the months will be highly
important That large import Of Gle from Europe will
take place, certain We that our Banks
have effected citation with the Of Rcthcbd Of
London through their agency here for import of specie
equal to 81 sosOo s2coooee, before month of Nav
This has probably the extraordinary state of The
foreign exchanges much the necessity of banks
Among commercial connected with London
and New York. import Of specie, large scale from
London to hi~country has been subject reflection and
discussion since the bullion otbe Of England had
Increased 10 $4,000 sterling At the accounts had
nearly reacLd E9esoooo terng and Its be To
diminish the profits ef The Bank In state Of The The
London branch Of the house of Rohchd an ep.nng in
this country for vast operations in exchange specie aris
ing as much from the inequalities, fluctuations and vibrations
om any other Brokers and
ish best In time Of agitation excitement and huctuaiop
The Roihcds the krgs princes among brokers and
bankers, and hence the sk which thew can
avail themselves of the peculiar OF trade the
old and the continent.
The financial measures now in train between his counry
and Egg and OF the novel charas
ter Men, not accustomed 10 take into a single view The
events OF the whole commercial world for period o time
would be startled at the results which rational and ,er 70
necon leads the mind terrible revuluon In EopI,,J
may soon be produced by the singular from This
uy-yet II may be avoided by skill and prudence
Sales mt the Stock EXCHANGE