Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-07-31

vi q y r. VI n h n ~ IL
Tuesday, July 800 p. M.
The prospect OF turn in the market has created little
mere buoy ancy stock exchange today, and prices have
slightly improyed Delaware aud Hudson cent; Sto'
snson per cent; Harlem per cent Seine stocks however,
showed decline the last sales; Bank Of Commerce re-
eeded per cent? ~ American Trust and Bank per cent;
DRY Dock pei cent The receivers Of the Belleve Bank
have dividend of forty cent, making in all 80
per cent upon claims Of the creditors of the institution
At Augusta Geo., the 25th checks ON New York were
very dcu obtained and per cent asked fer city
bliss checks Charleston per cent for city bills These
bills wcre however, at per cent premium; also the bills OF
he Savannah banks while Munroe Raj, Read at 10
per cent discounts Dien bank notes Is - cent discount
At St. Lou Miss. there in circulation checks issued by
the Of Illinois Canal payable at the Chicago
branch Of the Bank Of Illinois, and taken At par by
the banks Of that city.
have received the proceedings of committee on the
part Of the safety fund banks and the city banks with regard
the redemption the country bills We recently announced
the perfection the arrangement and at the time that
system Of partial internal exchange was to be entered into
The following j. the arrangement referred to-
The banks shall exchange with each other their bills far
no case the drecy New York Of the bills Of
the bz nks witt which they exchange.
In case the bills any hank shall accumulate the week
N dero,tes as 10 Oppressive 10 the City Banks, the Bank
upon notice from the Bank Of the
State Of York requested to investigate the and
may in their discretion be deemed necessary
SCHEDULE.
The Buffalo banks shall exchange with each other and with
the Chauuque County Bank the Bank Of Genesee and the
Rochester banks.
The Bank OF sne.ee with the Bank Of Orleans the Roches
ter banks aud the Buffalo banks.
The Rochester banks with each other and with the Buffalo
banks Livingston County Bank the Bank Of Orleans, the
ensee Bask the Wayne County Bank the Ontario Bank,
The banks each other and with the Roehe
ter banks the Geneva Bank and the Wayne County Bank
The County BAnk with the Bank Of Lyons the Bssk Of
Geneva the Rochester Banks and the Canandagua banks
The Livingston County Bank with the Rochester banks
The Yates couay Bank with the Bank Of Geneva aud he
steubeu County Bank.
The steuben County Bank with the Bank Of Geneva the
The Cheung Canal Bank with the Steueen County BAnk ans
h BanL ol e;.aya with the Bank Of Lyons the Steuben
County Bank the Yates County Bank, the Seneca County
Bank Wayne County Bank the Ontario Bank, and the
Utica Branch Bank.
The Ithaca banks with each other and with the banks OF Au
burn, and the Bank OF Owego. ,
The Seneca Cosniy with the Bank Of Geneva the Aa
s Aab"ra tast, with each ether and with the onandsga
County BApk the Seneca County Bank, and the Bank Of
The onoaaea County INK and the Bank Of sana with eaci
other and with the Madison County Bank aud the o'~eso
banks.
County Bank, aud the Banh Of saiina
The ogdensburgh Bant with the Sscketts Harbor sank
The ssck.s arbo Bask with the Ogdensesrgh Bank the
Jenersop e. unity Bank and the Lewis County Bank.
The Levi. County with jefferson County Bank and
the sacketis II, rbor Bank.
The Jcier.on Coaaty Bank with saeke. Harbor Bsok,
and the Lewis county Bank
The Madison County Bank with the onsndaga 'osn psA'
The Bank Of Rome and the Utica Bank. with each other and
with the IIerkimer County Bank
The with the basks at Ithaca the broome 1oun
~ Bank, and the Chemung Canal Bank
Ths Brsome count, Baak with the oweso sa AMI.
The Herkimer County Bank with the banks al Utica =
The ot.ego County BIuk with the Cesirh Bank and ohe
QaoL
The Catalogue County Bank with the Buffalo banks'
The Bank OF Lyons Bank of Geneva the Wayne Coun
~ Bank asd the Seneca County banks . . , :.
The Bank Salsa with the Onondaga County Bank The Ma
olson County Bank, and the Oswegc banks.
The Chenspgo Bans with the Bank of otsego
There evidently feeling Of relief apparent In the hnan
sa circles under the impression that mercantile affairs have
touched their lowest points, ana that revival Of trade cons
qunt upon low range OF prices, must regularly progress
Our banks good condition. aud there 10 act that aetus
scarcity OF money which the symptoms Of the market would
.acate But time whes markets falling and the fuur,
pdcatss r.vuon and crs capitalists chary Of hsi'
~nd. or require higher rate for the additional risk turn
In the market when prices begs to rise releases thin
withheld capital which, coming market, in addition to tn,
large nount realized the sale Of those stocks Of produce
hitherto held will cause abundant supply.
The hand IN Liverpool at our latest dates
wa. 10000 bales, worth s2a,soo,eot
The stock h,Id hereis 10000 6.oos,oot
We have then produce yased al sas,soooot
This vi, value at the prices a which mas oeen hed
and the probability that IL will be sold az reduction
Of third tits nominal value, near s2ooVVpoo' ih
released will ample in the market and DC
The present sterling exchange removing one fear
from the banks that of specie drain foreign account
when the banks of tao South aud South West are Ia
boring arising from the disastrous state Of their
cotton Notwithstanding that the sapent "Courer
the immede shipment Of all the coin held BY the
banks draw against in srder till further to back the cotton
holders in their specuistions.
Amidst the universal laugh created in the money circles BY
his ridiculous proposition, the ourier" says, every nie
cent merchant coiacaes with them Ia opinion intelligence
here defined Gotten. To this class cf persons few though
they be- an export Of specie would be prohtabeo all others
loss When gold will bear profit in England or il proper