Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-10-22
(Fr0m tie .Ntu York COMMERCIAL
TuE NEW YORK RANKS

ENcuaSGE We understand that The accredited agent
oflhe Barring Brothers, in this city, has offered 10
our banks the credit Of that house 10 The amount Of
million. if needed fund 10 draw upon, SO as 10 OBJ
ylaie the possible necessity Of shipping specie. II IS
belevt however, that the shipments Of grain md fur
viii he extent amply sufficient 10 all the
change required and that the offer of Messrs Barring,
by their agent will not be acted upon IL will remain
o stand by, in case Of unforeseen difficulties.
We mentioned yesterday that one or two small nsli-
tulions might be compelled 10 suspend We learn this
morning that HE " Wool Growers Bank" stopped pay
lis bills Yesterday This il IN al the free
hnnks. The Jnurna! says: " II had but SEQ 0UG
from The comptroller and at this moment do not sup
pose has 50 eco in circulation OF course it is very
sale by the security in The hands of the comptroller.
Drafts Mobile sold this morning ut 60; on vii.
mngton, go; on Baltimore, so, and on Philadelphia,
60 81
Stocks have fully supported the closing prices of yes
terday and IN most advance vas obtained U.
S. opened al 81, and left of al 30 J .
DlvIpkxps The Bank of New York has declared g
divide nd Of fnr per cent for The last SIX months pny:
bic on The 1T Nc~ember.
The Merchants Insurance Company in Boston have
made dividend of ton per cent for siX months-sevrn
per cent of this is understood 10 have been derived
from interest OF the capital, aud three per cent from
The piolils oil Insurance.
The following notice has been issued from The Anne.
rcan Exchange Bank
New York. Oct. ~ 1889
Payment Of and accepahces, lodged Tor collec
ton this bank pay able out ul this city, VIII be required
IN specie unless the drposcrs shall elect receive pay
men, in current where said paper payable and
in u payment this bank will give TO the said dePo
sur if required check for The same, payable at The
place Of collection, in notes there CURRENT or In specie,
as tie same may have been paid.
Notice is also given those no have had paper dis
counted payable out Of the city that payment OF the same
will he demanded IN specie unless the dIscounler eject
to have the received in notes current where the
same is payable. and allow 10 this institution the differ
ence Of exchange JOHN FISH, Cashier.
CLOCK affords great pleasure 10 be- able to
state that several Of our banks drawing on Eng
land Among them are Tie Bunk of America and Ike
Bank OF the State Of Nav York. The former IS draw
ing 60 days at 10 per ce, The latter al 30 days al
. . and 80 days ats
TIE Journal Of Commerce snles that Mr. Van Buren,
whilst on his late visit 10 New York assured of the
gentlemen connected with Banks, that lie would do all
in his power enable The Banks 10 continue the pay
ment Of specie.
(From HE .Stp York .7merican
Tur QrEsrIoS SETTLED, EVEN FOR TIE DouETERs =
The Bank Of the State of New York, md the Bank OF
America are drawing bills on England al from 9 . to
10 per 'iis settles the question against the
poraton Of specie 10 any considerable amount by the
LiyerpooI-and consequently removes one OF the scare
crows that alarm the tmid about the sHlidly OF our
Banks There will be more bills or England than bny.
eIs-and this will continue to be The case, those
on the crops going forward, appear in he market.
The tone OF confidence in The street 10 day is mani
sTy sifC9f sn@ ns sE 1s a sRS
The New York Herald states lhnl SOU UGO was re
ceiyed on Tuesday from the South, and ScG0p Sove
reigts from Canada.
stsannya dysed that orders for -four received by the
the advance in pIare be executed, Notwithstanding
kel since the receipt has taken place IN this mar
voIable prospects OF The harvews respecting me nn'a
OF 10000 barrels will be shipped this re- and up~ara:
next accounis from England, of the corn cro6 e
~ nniavorable as The last The shipment Of Anne gun
This country must be very large The good ef;c rom
these Shipment will be moi only 10 furnish us nro6ia
Die market tor our surplus produce, but must serve ma
tetg 10 bring down The rate of Exchange between the
two countries " Y. EU. Past Off, II
SPEcIE.-The packet ship Louis PhiIippe which
sailed for 4avrc 10 day. took for,ytwo Thousand dn
lars, IN specie, and The United States for Llvernoo
about hfiy-fy thousand dollars
According 10 BickneIls Reporter, commercial pane
puoishea 10 fhiladephia than l2 QUO UGO of dol
lars 10 specie have been sent 10 New York from rhct
city WITHIN The last six months. More than four mil
hons OF dollars would have been paid in New York
within month had the suspension Of specie pavnpn
not taken plnce On The very day of the suspension
one OF The Philadelphia Banks discounted thry.Ihrpp
per cent more than lis receipts snce the previous day
Of discount
we should have mentioned in yesterduy's article
that Exchange on Pmadelp ha offered in iarr. euus
al from 10 TO ii per discount and on Baltimore ~
less rate. The rredeemables will be under The MORT
flying necessity of rapidly contracting their issues or
the notes OF those cities may be laid The shelf along
with The old continental money, which our grandsires
OCCASIONALLY exhibit matter OF curiosity; while srece
is flowing into city from oil quarters the channels of
circulation foil, and in possible exiseucv do we
believe that oregn demand can create any enbar,,s
with our banks Confidence in Tho s,.b, n
our banks seems established. and in consequence ibeo
was lecne IN fancies to-day The Board Il S,o,ss,
Bank iei per cent Bank Of Commerce |. Do.o.,,s
j. Harlem, ]: Stoninsnn. |: Y Am. Trns, o. b. ::