Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-09-03

prices were at An ad Saturdays quotauoa 0u'
amount Of the U. s. bank stock was thrown sPs. he mar"
Freely which depressed the rate cent less than INC
Of Saturday the effect similar the other stocks ana n''
closed heaviy-iu cases, however, at an Improvement
Ohio L. and t. per cent; Vicksburg per ceA' Nv
| lucky per cent. Stonington declined per cent?
The continued scarcity Of money creates great
in the stock market Prices depressed oy rea'o" " ~
forced which made those who On ,"'
stocks again rally of the purchases Oh ho'
are short Of stocks and the bosterng OF those VINO are
interested in maintaining prices Large amounts OF STOCKS Of
all de ,rpsn. advanced On by parties VINO were
sanguine that affairs would take turn "hch "ouO
render the stocks again available in the London market o
hav however, consPrd to enforce upon the banks
Of he whole Union that policy of csaracon BY which alone
firm founlat en- for renewed business could be reached
stock holders of produce, have kept their pro-
per,y while money could be obtained at any
price This scarcely be done, aud stocks are daily
thrown upon the market at runious rates.
Today was offered auction 100000 Of Newark city
per bonds interest half yearly A. Cd to the
dollar London and redeemape in ls3 which had been ny
rohecated to Mr. Belmont, the Rohschd agent for his
city. The extended 10 $1,000 only at II per cent aud
then stopped The sale Of Erie railroad stock witch
sold yesterday at III 1912 cash, 80 d.
chased by Prime Ward King and transmitted the
London market the hope Of rcasng before The payments
fall due.
Such beng the situation Of tho market FOR sale Of
longer Any great There has for time,
domestic sale for public stocks At the time
the quantities offering Lonien, combined with the situation
Of tae money Affairs the continent generally have caused
suspension Of sales that quarter for time back The
result beginning be perceptble. in the Western
States the suspension Of the public works. for the prosecu
ton of which those stocks principally created for this
purpose there have offering this Market and in London
al latest dates, amount ofnear o0oo Of which,
a created
Michigan 3Oo0,000
Indiana 100000
Pennsylvania 25OOOcO
Ohio 100000
New York City and State in London 100000
| slsoooOoO
Very little of this has been negotiated and the pro-
liability that the works which depending the money
to be raised the will eni ely for the present. and
Of them be resumed again There every
pect that the eroon Water works must be suspended We
learn from Michigan that Mr. John Bddle has recently
turned there iron unsuccessful atcapt to negotiate the
bonds of that state having perfectly satisfied himself that the
sales cosld made except great sacrifice The fund
commissioners Of Indiana have been notified that the Morris
Canal and Banking Company have been obliged to postpone
the monthly instruments agreed be made for internal in
proveents and the labor the public works
quence about be suspended The Pennsyvan loan Of
$4,000 900 offered the oath did procure hdde and the
| public works Of that state stopped.
The borrowing operation which carried such
the general and STATE governmess now working
its Among the most prolific the recent
has been the quantity Of diverted from CON-
operations by the large amount Of public stock the
market The banks cannot continue long oans however
favorable may offered and those stocks which
have been hypsheeaed sold for whit they will bring and
Withdrawn from the markets. The tsppage OF the
public works is at this rather benefit than other
wise when the whole physical force Of the
country required get in the vast crops with which the
fields year coveredn many sections to such an
tent that much will be sustained for want Of the necessary
labor.
Many Of the which forced upon the market have
been for the ondon market hope
that al turn, and sales American stocks re-
commence This depends great measure upon the
result crop which last accounts was avery pre-
carous ,don Should the crsp turn out fvoraoy
.oney the manufacturing districts will dcab, become more
easy deaand for cotton much increased but The e'
dent une evincea the Bank Of England at the grow
ing disposition in Americas securities wii no doun'
continue operate with her, TO prevent its renewal
much possible especially the demands or money
from the Chancellor Of the Exehequer likely to be large,
Of political disturbances AZ the
east The causes added TO the continued commercial
distress in France operation prevent the probability
Of any very extensive operations in the Paris market Al
Amsterdam or Hamburg there little probability that for sone
months any new entered into il the
40. when money is demand for payment to the Dutch
/ aud German farmers for their wool and other Prodnce'
By means navigation portion Of Europe
and the astera portion Of the United States nearly
connected forming portions Of the country Space
has been and London aud Paris to us
il New Orleans demand for for agricultural or
other purposes will be felt senby in New York, the hnan.
ea centre world by the class OF borrowers and
stock operators the esber London Exchange or the
Paris Bours Stocks may be taken in this city and transmit
ted to London and realized brisk market and etsrs-
ed thn 20 days During the last year these operations
carried on 10 great extent and much Of the dea y which
the Of Al latest date was seribed
nv In, Leading London the mpolitc o.
the bank in continuing render cheap up to April last
and thereby acitatin. the American stock operations With
hi. imrres,iou the net likely TO DO repeaad
soon even should the crop turn out WE'LL "a the lace Of the
crea, amosut Of stocks s;il going forward
Although stock. be available our abundant crop,
will find ready market and proceeds Of real wealth will
.mpy compcnae the country for being no longer able to
| borrow
| sales at the stock Exchange.
share. States Bank 1901 100 do do, % d. LOG, 80 do
a. 1851 so do do o6 do do 90 d s7 le0 do do 1861
40 do Phux Bank gs00 do Dry Dock S. 80 do dos IL mos
a. 100 do do 90 Is 7I-0 do Seventh Ward p3-lO do
state Bask New York 1928 de Del and Hudson Oh 30 do
do N IA s3 100 do is 6s so 10 do GA 80 do 10 20 is
ssl so do do 40 90 do d. Oh 67t s5do do 30 DIS
6s-43 do An Exchange. ST. do Trust o. 100 DO do
ns 10 al ia la do A