Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-10-04
d q n h Il M A II X e IT.
Wednesday,


In foreign exchange Today fair business has been dene
the London opening at 10 per and gradually aa
vAncng les per Al this latter price, however purcha
DESTROYS to buy but sparagy On Paris, the rate
opened rs 20 closed 5-the closing price the qus
taiion hui moderate purchasers
In domestic exchange ayshe tendency generally
has and the OF Ala
cent the discount
since this day week This the result cthe reeent publish
ed circular Of the State Bankt Alabama showing their de-
termination embark in the trade and offering dan
gsrous Inducements individuals ship COTTON, the nstu
Consequence of which will he The feeding the with their
paper payment largely deprecstng the valve Of their
and obg atons which, II they choose they themselves
can be Tie purchasers Of to serve their purposes.
Georgia, sales have 24a2i New Orleans
23a2i Mobile the rite is 7iss.
Alter resumption Of specie payments the sh Of May
last the buoyancy OF hope high among spectators
and financial confidence in restored, and
specuaons great entered into far greater
than the prospects Of the mercal world that time
rsnted The ring received from from
time TO time served no, only keep alive, bu, add i'm
pulse this feeling the strength Of this favorable
American securities immense Eng
land for regocslion underse aserng prospects,
was gssersy supposed business would 20 It's cd chan
neis hesltby ssever large fall trade anticipated
the result and orders forward e
faciured gsoas the expected demand This OF
things continued the fore part OF August Under the
eoavictsn that The resumption In this would followed
by the banks all parts Of the Unsn ns be-
eaWc heary foreign exchange nj
About this time middle Of Augu this Of financial pros
eiy received lis FIRST cheek from the opJ osos resump
ton aserpessd in the OF the Used ssnk which
disposition the part Of tba, lnsl had great
the stock market and prices particularly ances have cont
nped down urt The day. Then
Eng OF probable sorness gram market and
consequent ghnes In the English money Market which
followed by The intelligence that the anticipated sses OF
stock could be effected he wished for
quantities have and aro that the heaviest
holders declined coming msk, for the pre-.
These combined circuma have caused foreign
change rise point which, In the natural OF
things specie flows from Accordingly the HAVE packet
which sal ed yesterday has DO rd sI46es2 which
pleies half million Of dollars which has forward
port since the 10Th u The Royal william has board
large sum In sovoeigns The United Bank only
declined drawing but ay have totsh. advantage efthe pre-
seat state oexchanre ship specie enable Mr. Jauaos
NEE, bills drawn saln him frem South Ame
ras India Chins nc authority ofhe United Sank
The stock market has exhibited great depression. The
sales have been large Of fances prices have eceaed
greatly Bank stocks however remain firm and Pbenir Inn
proved per Delaware HudsoR down per
cent? chic Life ssd Trust receded per cent? Paterson
"A cent Harlem closed under the price yes
eraay Boston and Providence per stonington al,o
fell of per cent; Utica per cent; Long Island depres
sed per cent
The following The Of the Treasury notes to the Isl
| inslantf-
TIE whole OF Treasury notes ~ horned oy The act
Of October ~ 1877 having been issued, VIZ Sl!WWaVo
ras aer 49,. .ss,pns made IN place Of those under
the act of May a. 1888, have been 5,fosSioVi
Their, have returned iIio the Treasury OF "a,
This his, ,e ave, o's"ee y - o' zoos 4sooi
ohp soos' LgvI wooDpusy,
Secretary OF the Treasury.