Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-05-14

~ - 49, sse hvN, 40 = ssae have ID
vssees. " 4 San Wa sp per ssss Phs.ix improved
p9 cent Delaware ssd Hudson Arm At ~ until the
closing ae whse& isll tpsr vchssurg advanced
P1 cent ass Utica pr sone other stocks sAswed
ssposses - ressde particularly iiarems declining pr
cant scnngon cent Sale efs per Treasury nsses
= discount s.R ~.@. lfU
"Wednesday, May 0--6 r. II.
The stock exchange exhibits material change from yes
erday's report Stocks frm and u Bank improved
per cent Fancy stocks aiher vsrisbe Farmsrs Trust
and Americas Life Trust advanced eentaso Long
Island showed rise Of per the close Of yesterday
but others hsvs sbewn disposition TO recedeparcuary
Haraem fell off Il per Stonngon declined per cent?
Treasury notes have also declined cent There was
great deal Of talk In Wall occaso led by the ansPora
ton Of 81 specie Philadelphia for the United
states Kaak This however not connected with any mme
date resumption the part Mr. Bdde
but mereyshe result of old operation previously
natured 1t silver aud in gold, has been
stated by of the Wall losfsr Notwithstanding
the general feeling in favor Of resumption, Mr. Biddle
steadily pursuing he has heretofore msrked
Mis- agents again oper actively in the southern
markets for shipment and by this be aspg his
funds In Europe and this country nearly bare OF goods
with the resumption OF banks there may be enforward
orders for English manufactures He win then command the
exchange here and at the time the market here
he has sufficient stability force market in England
There however that while all and aen
lions dected to the resumption ohe United States Bank,
MIR Bdde usin. all his energies bring about il not
cohciaiion with the government that
the will its attacks that nsson, the
paci intention Of the towards the banks
by no means certain The present necessious condition OF
The may enable him 90 this and IL that
he will have effected arrangement far beneficial the
community than resumption this would follow
matter of Should he perform this and here
those in high places who think improbable he may
resume least until the time he hints when the crops
ready for Market and possibly later But be asst may he
snow the master spirit of finance.
There slight disposition draw specie yesterday
81 SOC in small bills drawn from one bank This may
have only been transient demand, packet day
Exchange Souih aad Yves, gradually Improving There
Is no material change in the for foreign money, with
the exception OF the Uued States Bank, which shade
better.
dividend Of six has been declared the Etna
Insurance Co. payable on the 18th inst
Ito Thursday, May no, p. M.
This day the suspension expired by limitation the
banks of the resumed specie in
full but has Been attended yet with very
results There prevalent feeling Of confidence
money among regular business plenty quite suic
for the present Of trade The banks said
spaney but the offerings OF regular business paper
sparngy made. There class Of dealers whom
ney was never plenty not In the days Of ~d eXpan
nons two years SINCE This class M rrate of The "screw
process" but the work OF resumption go securely
especially Al this time. when is sill matter doubt whehe
soshern neighbsrs will second We New York bankshe
northern states will dousuess follow in course.
The convention of the Michigas BanAs Ann Harbor
the s composed Of ii chartered and 20 Joint
banks John Bddle, Esq. appointed to The chairs
committee Of nine appointed report their views
ation TO the general condition Of the currency Of he and
The best means OF relief" The committee reported OF
early day for resumption and convention resolved
he Detroit banks the 10TH and the other
he state within 60 days eaer Further resolved
banks here receive and all the bank
II the entitled credit without recognizing any dis
inctop OF chartered banks those bank
ng law The following list of The backs represented,
Detroit City Sank Bank ofSupsrior,
sank o. Michigan Bank Of Tecunseh,
f,chigan State Bank Con'wealth Bk of Tecumseh, /
farm Nee Bk of Detroit, Mch Br Baak Kaanlsa co.
Sank OF Marshall, Bank OF Brest,
Sank Of Aiiegan Merchant Bk of Jackson Co. |
Bank OF Gibraltar, Bank Of Clinton
Erie kaamaIoe RR Bank Mlerg Bank Of Was htsnaw,
Sank ct Singapore, Bank Of Saline.
B ank Of Washlsnaw, Bank OF Sharon,
ut Iann cDnni RAM