Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-12-07
Bank Notes.

Tbs rates OF discount at which foreign money and do
exchange have held caused them TO be pu
chased Tor remittance and the favorable news from Eng
land today cotton caused exchange IN he e
IRENE SOUTH to be inquired AFTER The stock Of COTTON
in this city, small and but little actual change has taken
place in prices dealers seem to encouraged to
operate south During past week corresponding
things has been apparent the SOUTH The Bank OF
Charleston has put down The New York, from 10
premium for its bills but charges per cent LOT
the bills the 9th banks At Mobile the market has been
we'll supplied with time bills in the shape ofcer6cas Of de-
poses the NORTH American Trust and Banking payable
January. per premium aud post notes Of
the Morris nal and Banking Is days to rum in sums Of $780,
12OO $780, per premium At New Orleans,
on 23d brisk demand for bills New York.
ate s. per premiums 10 days sight and per cent pre-.
iu days BILLS Toe State Bank Of Mobile checks on
New Orleans at 81 per cent premium All these movement"
upon the improved STAGE of the rivers causing
cotton to 20 forward The general OF trade gradual
" improving but the system Of short credits We
occasionally hear mercantile failures, generally among mea
of ample meons who realise money their property
This Is the with the -four house Of Eli HART whe failed
for probably $500 showa very large surplus Of assets
The breaking up old sym Of advances to the mllers
has carried him THIS is the remains Of the old basi.
nes credit at high prices but as the dealers most I'm
in il follow in wake Of the United States Bank
affairs rapidly recovering based upon the new
erol aud cash credits.
The news from undoubtedly, far the great
this country concerned OF favor
able character The OF affairs with the snk OF Eng
land had evidently turned in her favor aud that Of the
exchange market such that the tendency Of specie
will once mere flow into her golfers This has been
b~out about by the relaxation Of affairs the continent
The rate London per cent higher than
In Psri. Hamburg This fact diverted great many mer-
camille bills London those Cities causing at the same
demand Tor money in London and an in
supply Of exchange Of which, the bnl
lion in Of Eagiand had increased fe0oo0 the
9th American Paris against produce also
vlsnis All the. facts tended satisfy dealers tn the
sc,e oi the iuk woud soon be
Taxed The arrival Of sssoooos per So Rercan in
creased this feeling S35oJ0Jo also left Mexicocr England
An company with brig A l.. COR this pert and will
srri,e All this operates directly upon the markets;
In 6r,t effect is to make prices frm and then rally, pro-
stug consumption demand FOR the produce OF the
Ssaes which puts the wheels Of trade In
,o,,ou and win hereafter be followed by moderate demand
for goods from the u States
Although eGes Of this has been favorable today In
ts many and various opinions are shoAt with re-
~.rd 10 Il. character Mr. Jsudon has apparently
ia meeting the bi which have matured, yet IT
has been great by reawa' and ~ oorro"ns
and there is but ,e distinction between borrowing money to
NV bill and having directly renewed II supposed that
h Ia. only payment by aeeumuang the amount
The ooera,,oas Of bank open TO anaasveron, are OF
aid the promoting OF cotton speculation and the ind
sree funds in state stocks issued for bask
inx Zoe carving works Of public improvement
Thee. latter operations the chief dculy The amount
held very large and very Of the English capitalists will
not touch hs securities Of slave holding atss and England,
France an Holland Is impossible to Gaa buyers They
therefore perfect dead weight From the cotton and bills
may realised there many Of these like
those Of Rowland Aspnw ALL lately before the public dated
In 1885, and just going to England for payment The
amount very large. - therefors supposed ,ha,
slthoags present ue thus FAR met the bank will
be 70 account Of the nc-nvertby Of stocks
she hodsmor especially the question Of the Of the
ssvera states he interest about be agated
There are Of the that have provided for by
taraton at the OF 80 Si0e. Indiana Of
these and $4,000 arrived here today Specie meet the
interest her bonds.
There full confidence placed the healthy character
the rise coion prvaes letters directly charge upon
the hous. Humphreys Bdie THAI they arii6caly created II
a. order 10 have favorable effect here; Others state that II
rvss on the part of the splaner who forward and
sudden prior the de-.
parure Of packet order 10 aduce heavy shipments from
this side and subsequent gIut and fall. This view
rsntcd W gloomy which receive from the
districts Ga the other hand, the accounts carried
ost prior the Lverpoo Of 'hsrt crops Il also well
know that the spaaes held sa stocks, AID prices
very lo~ " therefore unreasonable suppose that
e appearance Of the money Market ths pisner
soua forward aud replensh their stocks in antcipa
hsn 81 an improved export trade
We eve all th.s. conflicting opinions indicative Of the
snstea Of the markets. and the presence of state Of
sngs which battles tie foresight Of the stuls The
s before rs. however prove that commercial affairs have
taken turn Tor the crops and low prices
rapidly eserg hei influence and whatever may be the fate
eta United States the Of the State Legs
istarc, the work Of time in maturing ts obligations in
EsroPe cannot stop the Of business The rropor
ten o. specie paying Suspended hankss constantly ncras
ing and public opinion will change the PRESENT state Of
affairs The snec, Of the oppase ofhe United State, Bank
In England has been the wao favorable u checks the
circulation Of credit and thereby the strength Of The
Bank Of England, and the United Bark being the
arset competition for heavy loans The money she would
have absorbed iik the Holland loan seeks employ
ether channels, and lowers the rate Of iatsrest
sales ma the stock Esxrbnuge.
sa00o Corp Bonds e4I; $3.50 do sas-so shares Bank
7Aa 90 do 70 Dee %; 7s 3od: rs 75
sod No do 76 do 10 od so do 10 Dec 40 ia .5d
7s3 snw-2odc Try Dock 662b do Bk rfom es heod
rs do piI s0d. 90 do g4 slOdb0 do Ky o1e do illinois
eso do Del Tud 63s rs do ,s0d 100 do es ope 80 a.
e DO ei soo 900 do e4l opg $50 DO g. org do