Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-02-01
M q N r. VI A IL * EFT.
vHednesAou y.n ~ n II

TIE market exchange opened generally heavily the
rates gave the different points valuation full per
cert compared with last packet day. On England desra
pie os sold at lo9 Efforts made brng
to 81 On France, the market opened at 5aSC-sales
shortly made afterwards currently 527fC bills draws
by Southern banksa 550f On Hamburga sales nj 354
So On Amsterdam 4oi 4ic per gsd-r The general de-
cline Is full one per cent, there much done.
Various assigned for the exchange the pris
cpa ones being the export scarcity OF
neythe curtalmen basks-and the consequent lille
demand anticipated for Eurepeaa goods in the appr
spring operations Fosr packets sail today Il
that they take 5000 bales Of $4,000 These
large shipments have the basis
operations and crowded the market sellers thus
ing fall In the price by the great supply continued M.
portation OF foreign grain would under other
ead 10 couneract these resulbu it is evident that all
the foreign grain operations based false statements made
BY the Journal OF Commerce and other prints fall will turn
out extremely disastrous.
In relation to the Of the banks we have heard
OF ssme novel purposes During learn on good
authority that several o them change their resc.
tive policy is calculated that 100000 were loaned ont
sorc than usual Coupled with this fact there is seri.
Gus consultation among several OF leading whe-
Their ~onld net be the policy things as they
10 make no further effort about the resumption specie pay
men but u once To ausch extend their loans
age trade and foster commerce with such currency they
have-in Short to aba~don rriers policy at once II ia
very obvious that during ocsoco between the
eminent and The United States Bank there little hope
ot positive and successful resumption Of specie
Mr. Bddle will until the sovernme nj lis hos
tly, will The government sop clsmor bout the sub
treasury ill u routed from lis present occupancy ny
lagpg the currency and keepieg steadily certnin
derate rate proportonae the trade the banks
avahemseyes ofthe elements which United States
and other backs doing II utterly impossible for them
70 stand longer still Ia their present position They must
either 20 down 70 forward.
II this policy should succeed, suspsns law will be
proong the existence OF The pas
sage s the small law will aid, extent the same
line OF policy Throughout the country aad the
commercial Interests except in New York. have operated
usual their neonvrrble currency, and ahough the ys
presents difficulties and obstacles tits certainly better than
Al this with wal Of the pension law
and the passage Of the small BILL banks could
thsr usoa ooo and their oaas based deposits
cocoooo Neher would currency deprecated
by these additional suesbut the community would be
invgoratsd and aided until quiet time returned when
the great monetary Interests could be settled rner
basis
These views beginning prevail among several Of
leading fnascer Probably the reply OF the Pha-
depha banks shall have been received they may bring
head and take departure The Philadelphia ban
will banks either for the present
Inlsnd exchanges getting little sgsn-parsu-
arly Philadelphia. All Boston bills still Wall
street-bu no objections made the other New England
banks.
Il is now believed that the ,ubessury scheme viii be de-
feaied in the senate.
sales ut the stock Exchange.
WEDNESDAY, Jan. SLIP NJ.
Is . .,s sI's' loi - - n my TRR 9li
SO Del i nud ma ~ Ia Harlem ss iSl
10 merchants 92j ietOO Canal lives 1860 p,gc
10 Mohawk co
s s% ead Dollar, D.t t s,sl F PSTSco"'
Five Francs ~ Quarters do