Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-04-22

- Monaav mornup Of that vessel, terminating ia
oraby the state OF suspense in which business had oeen
acsd an Immediate relief felt m all the channels OIL com
MERGE Stocks rapdy money became more easy TO DC
obtained experienced RISE aud sales to some extent
were made at an The fact that stocks protested
hills had been from Europe pass OF one
their greatest and they were dis
posed to operate simultaneously with the Development f
these facts arrival Of dealers from the country became
creating great influx OF money from the ine
producing great activity the obber and gene
Dealers things which again put importers on the
alert number of the members of new houses ana
agenA for old houses going out in the Great Western TO-
morrow in order make for failure business
This fact connected with the Of the money
demand for sterling exchange beyond the supply caused ny
the sale cotton and the rate to 81 ~ per cent
per the Of the last packet day Inc stock
market great all the week. ana at the close
oyeserday prices cent over the average rates
the Saturday previous The sales however, less than
for day. and prices showed no great change
those of Friday There rmnes evnced IN most stecks
at the close u s. Bank declined per cent? Delaware
Hudson per cent s.ouington per cent The other de
scriptions did no. materially alter
Thus the anticipated improvement in business has already
on broad scale and making still
further to facilities for the conduct OF that bus-
ness We stated time since that new bank was about
TO be this city, under the guidance OF certain He
brew house Londoa The latest from England states
that pause place the filling up Of the capital stock'
which i. to be s5OOOoO in consequence Of the boundary
news On of the reat WESTERN the subscriptions
will without doubt make progress and branch Of the ins
tuition be shortly established this city The head OF the IN
tution here il is sad will be Mr. Solomon Jeephs, IAN
excellent choce who formerly Of the firm Of j. L.
\ esephs and who is related by marriage to the Cohens
of Baltimore and the Soomons Of London all Of whom
The business OF the institution
win be entirely confined sterling exchange, and will go into
under general banking law Of this state and thus
become great by which to regulate the balance
between the No person in Wall street better
and Of the exchange
tons OF this country than the gentleman have nanea who
may be piaced at the head Of this institution
The rise the other side will place the banks Of
The sout in very strong position and enable them to extend
10 the merchants southern country facilities Of which
they stand very much in need. In Mississippi particularly the
distress exceedingly great and much aggravated by
the oondsct Of institutions in that state The course
pursed BY the Union Bank obnoxious TO That
bank accordance with the desire Of the public expressed
al meeting agreed issue 900 in additional loans
cotton The manner Of doing this gives to many abuses
Il appear that bank Jackson has been in the habit Of
ascouung Of spectators receipts for cotton,
signed by the bank agent Nachz without his having
the cotton The operator then buys the cotton which,
instead Of delivering bank he sends to New Orleans and
re an advance sixty dollars per bale Louisiana funds
The additional Of s4oooooo pest notes. will still
further to depresiae the market This gives opportr
nifty to cotton pecuator buy them up and pay the
its oan realizing 20 to % cent by the operation As
the cotton rising this cannot but be profit
able to specuaor and hence the only safety Of the BANKS
whereas market had been varable certain ruin would
have involved both banks and speeulaors
The strength impaired to the south by the favorable turn
affair, have takeu such to lay the foundation of
~ e business while preparations at the north and east
arc an grand scale The formation Of banks the accession
Of capital from abroad the rising Of credit o. our securities IN
Europe and high confidence Of mercantile all lead to
he authorization that business will be extensive than
has been experienced Cor many years
Aoer bank hour. yesterday Wall thrown
tae Of such extent TO suspend proceedings
AT the second board 1t appeared that certain operates had
stocks the amount Of thirty thousand dollars for
which he gave his check be made good he disposed Of
the stocks having obtained the money lost it, and thereby
was prevented from meeting his check This system Of
eoerrs which banks have lately endavored prevent
by taking no cheeks made good plan which should be
strictly pcrseveredm.
sale. ns she stock Exchange.
"a, share. United States Bank u.s. 90 do lI4i- North
Rive, Bank $40 Dry Dock 100, 90 1854 1854 bio
20 do 1881 10 do Leather Manufacturer 1875
q Canal and Banking Co SOLO Clinton Bank, Ohio
Exchansc Bank Delaware and Hudson 7sc
100 do 7 bao % 7ss 1875 do 79c 50 80 boo
100 Morris Canal Co 5ahnw5 State Bank lOoI-5O
nank Of Commerce Iol do 0f b6o25 Kentucky s7 so
do s7ls6o so s3soo s1ic Sodo ssaw so do s
sao no do ssbib3 Illinois s3ii26 vick.burg 80ic 40 do
soac "a do 81 40 da, 100 do 6os2o New York Marine In
..,,ncs Co i0o-l0 Uuion 0ll0 Jackson 65bG90 Equitable
IT,. I03a-l5 New York g750 Utica aud Syracuse i06nw
"a Mobavk co., 90 66o30, Ito do 66ic-25 Paterson 66
Al eo 49, 80 do COL 80 do % 100 do SOL 200 do 59
I7s do 5eI 10 do $50 100 do 60 60 dill Jersey
Iol1 100 do 1903 b3o7 Stonngon 81 10 do 3il 80 do 3i
10 do 3al Utica i 40 Canton 46 70 do A. 20 do AZ so
90 Long isiand Ssi NV.
state 81 Trade.
The past week has given earnest Of '.y extensive bus.
ness during the coming four weeks The landings o the
tow boats ar, crowded with merchandise seeking portaon
20 the west via canal The ensuing week promises be
az treat activity and commercial cnerpHe again branching
firth in every The business although late the
season will make full amends Cor i,s tardncs by it, vgor and
proa The stscs goods which accumulated here fast
during the carly months OF the year. viii not too large
for demand Prices viii net be found to be less than
tho antc patiops Of last winter promised
Corror-This market, since the arrival OF the Great
Western ship has than recovered u. former
6rmness Folders who before rather disposed to give
way have since advanced their pretensious This fact has
caused the operation. OF week TO be lcs than they otherwise
would have The sales which have been made at
improvement the last quoted The stock has received
s further accession the ar,als having been greater than
the sales The southern markets al the latest date. dull
holders wcre however and still waiting the news by the
Great Western The following aablc of the stocks,
sales prices. and remarks the principal ports Tor the week
previous to the date alfred.
Stock Sales. Prices. Rsraks.
New York April 10, 10000 1900 lsial1 sdv.laie