Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-06-28

Il
| wednesday, Jane 47-O p n
The suboreuy bupbIe has burst and the anxiety being
ever % already felt In the have gone but
short way N ME restoring currency The Treasury cir
euar yet stands IN the OF the banks and the
southern banks have rrrous rates of
exchange winch h The great obstacle 10 resumption with
'ne The natural course ofgs abs~nce of The usual
usse or me last year has Sled equee exchange all
inc country by the payments Of old ca asnr
eeae pew ones and exchanges as as ,Lsv
~ oe un some national nstntioa create harmony Me-
tween me little knots Of banks al country aud funs
medium Which, shall be at par in all the sion:
no hope cf this being sce2 produce resumption
The great obstacle ger~ras ro'unp,oa and a.
revival OF trade, oppositon Of
s tor bat Is powerf the want OF
system OF exchase throughout coury meet tbs EXT
gencie trace This the esentf7 point In our ccus
ny me up as IL Of many opposite interests whclfrs-
qure the agency of circulating dunn at different points in
different periods Of the ycarn the south or he bringing
their cotton crops TO naIken tn. a,eyn the season. 70
meet the wheat provisions other produce and at Tie
eastward at sill another period facilitate anuiacur,rs in
The disposition Their ssoeks.
Inc siuaion OF the COM cree Of The never
more h'n now for resumption Of specie payments
generally. The tendency Of specie has been tswar this
country and must continue 10 be for to comes
nor foreign debt PAIL crops bo, cotton n, bread
s1ns being uRn'ualy large the importation of foreign wheat
most necessarily cease in and flow specie from
England to NEE the Canadaexpenses ts, nothing
men 70 cause demand for exchange sufficient throw
The rates above thereby specie rour
try In addition 20 this with returning ccshdence, apo-
sos 10 hoard wreh always sings up in timeof panic
ceas. 10 exist and gradually o6vwi
Its hiking places i he pockets Of farmers all
the country ALI en that in motion the eIe
msnts which an ns'uiion which give esu
i-riy aad stability 10 inland exchanges Ii accom-
pshed cannot reasonably hops prosperity
The Efenx Bank has this day clared d.vaeni isur
cent for The last sis months pay on the h of july
The 5ub.Tressnry Bill havirg been defeated the Stock
Market opened hgA prices which by means sns-
tanned although the closing prices advance CIR
the close of yesterday United STATES Bank was nm per
cent Delaware ard Hadson showed of per cent or
the close Of yesterday Some other 1t m advance
Of from per yesterday sonns Rail-
road a per cent Canea Company 2per cent.
State OF Trade.
The quanty produce whs has-come into our market
thi Year, aad still continues pour upon
sues wrsh Us are in most
no sar ma Industry and en prise are
inclusve:-
wheai bushels e'S3S
Butter aud Lard, lbs. !. Iss7io
Ashes, bbs 3ls
slaves lbs. AGO sao
Tools Tsa.y during 81 ,ss pses sss
be s. 81 re- beer Oh
wa a, aud 4n'o The kentucky at ssdays-he other
BsEADsTvrrs-The arrivals of yeur continue very large
Ohio i s o 70 hs 5
been made Ss7l fallen off and Is ex.
The Ono s ice Ss
prices mus, s,i further and probably reach
from section of the country continue most
As The r." .s failure
operate 50 ar TO reduce the prices TO the im
operation, IN cotton have fallen oa ls su.
this week has received small