Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-09-18
MO NEY M IA R X Il II.
rrmesdny Seuaeunber 15-8. y. M

Wall street has been very quiet to-day Sales to fair
tent have made the Stock Exchange without any
marked change in prices u s. Bank improved per cent,
Corporation bonds declined per cent American Exchange
Bank per cent North American Trust and Banking per
cent Harlem Ter cent vcksburg Bank improved cent
AT the second board prices firm and sales were
followssO Dry Dock S. 100 Delaware Hudson $50 sl0;
so do do 65I Harlem AZ b30 so North American Trust
and Banking so W.; 10 B. Bank 1904 AT these rates
stocks in demand. The bills ofhe Staten Isla Bank
longer taken at par TIE North American Trust and
Banking Co pr discount is charged The Mddling
lnere. Bank Boston redeempg their IS notes
yesterday.
The % nc which raised in the street has now
apparently suhded but has been succeeded by the chilling In
Auencs diminished confidence The renewal Of the redemp
ten county money has removed present
but guarantee that the arrangement will be contnu
3D. therefore there but little disposition 10 operate
especially the British Queen may be almost
tary expected
The agreement which we mentioned yesterday crculat
ing among the -four Dealers for the purpose Of disseminating
the practice accepting the drafts Of the mers before the
taa receipt Of the four has not yet been completed IL
singular movement and illustrative of the times
takes measure Of the Of the famous cotton crcu
lar with this difference that the object Of the cotton crcu
lar advance cotton, and the object Of the -four
circular is the check advances to the mers ore set Of
ing build up branch ofbusines system
which dealers branch find burdensome As gene
raj rule however the me for the most part possessdo
less capital than the of the South great
iy Of tie mers their drafts against aosr dis
counted before they the wheat manufacture IT, Oae
Of the principal difficulties which the redeeming banks have
abourei undr has from this The drafts of the
mers been taken aud the circulation has been driven
quicker than formerly by the action Of the bills under the
Law. At the time the state Of the money market
SUCH the traders have found advantageous bring
the money which accumuaes their hands the city, than
to purchase drafts with Il from the bssks In this way
Of internal exchange recently adopted been defeated
This state Of things will however correct itself Merchants
will be careful not to receive any extraordinary
Safety Fund soes when the, at any moment liable TO The
losses which they incurred sa,urd, last so bluaJer
on from misfortune another The fruits Of mis-
its in the absence q financial skill
The speculative operations OF the banks to pervase
every possible branch of business Under the head Of State
Of Trade in this days paper will be found an account Of the
in which the lumber trade has been affected ia THU
city during the past summer The operation cfoldng every
species Of produce has been check the prepc
ry Of the city Rents are, and have been, very high and
have yet felt the influence of the restriction IN the money
market which has depressed the prices Of all the
sarie, oc The merchants have curaed Of their
facilities and prices merchandise have fallen. The abundant
srsps have assisted reduce the price bread but while all
these reductions gonson the Of the rng classes
remain undmnhed, although their wages are becoming
ducea The workmen the Merchants exchange have beer
partly discharged By Of the completion Of that part
the work On which they engaged Anumbcr more have M
account Of the reduction wages, which reduction abou
10 hand. are still retained.
This season. therefore, Is the most yorable time Cor CAM
tasn 10 build and improve that ~ Ne which cannot h,
made available in the market y obstacle which pre-
sents itself, Is the ye, undp' price Of building mate
ra bosterea " the mischief workings Of certain banks
The working thus kept out of employ, at the sam,