Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-10-24


In 1885, the banking capital Of the country less than half
its present amount the bank leans nearly half yet per-
ceve that prices rather higher than they then wer'
that the supply much greater than was ever
before or all the above named articles there
great and prices natural state Of the
would rule far below the rates of 1885, To the excess oil
paper Credits which still exists alone be ascrbed this
anomoy The influx Of foreign goods from England is
another unfaing index that prices have fallen sufficiently
to eradicate the evil Nothing but process Of suspensions
which is now separating the sound from the unsound nsu
on VIII place matters proper footing BY reducing the
surplus king capital and crushing all paper credits based
on actual business transactions
This will be the result of the present financial revulsion 1t
is indicated by the eagerne with wich few banks in every
city suspend and the mness with which we'll conducted banks
meet the shock and sustain themselves The uneasy
men Of Specie evidence that has not found its level
from all quarters hear Of irregular large
amount passed through Wheeling the 18th its way
from the south to this city, seeking the point where
valuable This is the natural result Of the growing weakness
Of those banks which have been mscondcd The number of
banks in
1889 1889 was $685. and the SPECIE sasoSSSSS
The prosabilys that number Of banks will be reduced
to 400 before the present crisis The specie, amount
ing to 100000 the remaining banks is al
ready motion by the influence Of adve exchange and win
finally concentrate in York the sound currency
anu point Oh import AMI expert holding
be entirely broken down he operation and the large sup
ply Of produce with the limited demand from abroad will
ny prices much below the lowest points the table
Then will OF prosperity with rising
kets, that will carry New York pre-
position
Sales nj the stock 4 Exchange.
$500 Cor Bonds 95a-$3O00 Indiana 900 shares
States Bank as twl26 do TOT 10 do 49, 100 do 75 20 do74
snw-l do York 1910 do State Bank 90-25 do Am Ex
1910 do Farmers Tr 81 IS do 1916 do Franklin Gin 65
% do Lafayette Gin. IS do 60lO0 do Del Hud SSH
sOd 80 do SSH so do S. 0d 200 do 49, tomor-25 do Ohio
Life and Trust 49, sid l0de 74-l20 do Tr47 rs do Al
tw, 50 do a. - do A. 49, 40 do 46l00 do Vicks
burg 3d. SO do 32 sl5d 100 81 sl5d-30 do Ky $751;
&C. so do est 80 do &C. so do s6425 do Boston Worcester
l04lO do Utica Syracuse lOO 90 do 9s IS do Canton a
6s do Boston Prov a. IS do 93-00 do Harlem 36I
49, btw a26 do a6 so do 36 100 do ST. IS 3}
90 do 36 SD, IS do 36a-40 do Utica no. 10 do I09
HAvANA Oct s-Produce is dull sugars however euiov
demand and but for the scarcity
litiss large transactions would take place. We quote
brown 81 for yellow, and IL 2t for whites Coffee dull
at "A 81 low niddlng Small parcels of the new cop
will he coming in towards the end Of this month"; supplies
Of nagsude cannot be expected before the
week. Moasses Aper key Exchange London 1914 per
ceat prem; New York az prem.
Last sales Of Flour ST. The stock Of American in first
hands 1890 bbls Baltimore Since our last the only
sale Of Rice has been 100 casks slightly damaged the Ma
da at 81 rails. The stock In first hands
The Chil Of Rice from Charleston, ssd l3t rails
Exchange England Is per cent premium; Untd States
II per cent premium Freghts to Great Britain Ga f3 s;
Fra 80 per United $4 II per box Sugar ac
per ID Coffee, s2i 8 per HID Molasses.