Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-04-24

aOUEx ma u KRr.
Aeadsy, April ass. =. n.
asy presented scenes that oaly b. parallel
90 'se 1854 and lssa The sxcse. of III
eonmereni and money circles Is rising every hopr
lathe ning the arrival Of The Sirius was snususc.d az,
soont the Great Western the latter with d,, a.
the IN instant which seemed and things beside
themselves.
The physical question Of the practicaby navigating the
Atlantic by steam solved The ner,
ana not the least important is the question will an
swer as mercantile speculation Among the owners propr
ees and friends Of the Lines various started TO
ther success en- this point Generally
The great saving the point of time and particularly the APP
Proclamation TO certainty in calculation, In affairs
draw sufficient patronage TO these Steamers
succeed First me-the Lines, average require
IRON Europe to America and 20 days back BY
s&uaons made on the Steamers the time reduced
one thd-alowng 20 dysa for passage dayser
inc ohtr In point OF fact both ths Sirius Western
have now done in much taking
meno aiuriher calculation will such saving time
concentrate all travel and the transit all valuable goods
upon INC 81 ameis besides Increasing the number
OF BOTH An affirmative is the NEST rational epay
This country only in the infancy of its vast
Europe besinaiag to estimate capacity powers
we DO not doubt therefore, bat as pure mercantile
tos, the steam liners will unquestionaby succeed
The present state Of monetary affairs only the be
Of All NE old questions ofreun p,ion specie paw
subreasury exchanges destroyed ever con-
centraon and OF various commercial impulses
and powers have taken place in this great city, will
duce effects that the imagination grasp. extra
ordinary provisions the General Bank Law begin
ming to stae and capitalists by its power and
paciy Many and consultations place
on this system.
The exchanges the south and much depreci
ated ever-but the elements in motion that will
gsnze them kind system. Foreign exchunge is
rising rapidly Today opened g. went up to Ct,
closed at In short time II will reach par which is 1904
nearly.
On Boston exchange pha 81; Baltimore
5 on Moble2o to 22 Mississippi 80 thing
of nds sleeping in
en banks TO the credit Of merchants which they cannot
or will not draw for in consequence OF the high
change These rates have crushed second several
houses.
Yet in spite Of these disorders the old sores of 1886 ST. not
yet healed the buoyancy Of all never at greater
height We have the elements force reaction in trade
Ihe animation in the stock market which
turday continues with increased vgor IT, Bank per
cent Phenx bank stock par close very seavy
sales Of Del Hudson closed advant of per cent on
saturdays prices; Mohawk advanced So Tie closing
sales OF Har lem were at an advance of 81 per
stocks experienced rise Of per The gesera feel
ing seems be- that have md
with this idea, renewed energy life are seen in every
br aneh Of trade.
state OF Trade.
The whole commercial community has beeu thrown into
great state OF excitement to-day by the srrvsls English
steamers and the convicos prevalent have com
Europe NO doSI ea M M
to the advantage Of this country generally York
hsppened and Have now before ).
season Of mercantile prosperity was be-
fore reaches.
CorroNThe by late arrivals has had no material
effect on the market today Sales have for shin.
msn at the prices OF saturday The arrivals today 900
bales since the LIST % $50 bales exported the LIST $40
bales. " - ''-S'o'
down the river as vet in not verv
large quaEiues Notwithstanding further reduction bas
though quoted IT'S In wheat and Rye we sotice no
operations Corn has advanced slightly mail sales
we're wade at 3d. We understand that the wheat erons
Throughout the couay give premise great abundance
oPs-Athough the stocks Of this are very small the
prices rather fading Some sales as the stock will
permit, have been made for p~rtatons -
advices by the late arrivals had the effect
OF reducing the price OF Pots little Al In Pearls we no.
barrels ~> -