Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-08-19
M d N u 4 N a IL X X II.
Sunday. August 1916 p. Nh.

M - N u u N R X Il Il.
sunday, August 1876 p. Nh
small business was DONE Prices, however, showed some
degree buoyancy and the close very general advance
percepbe almost all descriptions with the exception Of
the United States Bank which receded per s,nt-Delaware
Hudson rose per cen-vicksburg per cent-Harlem
per cent-s,onington per cent-Canton per cent
Six hundred three thousand five hundred and sixty
nine dollars Specie left Tampico the 25th July for Eng
land in the British packet Rsbecca
The news by the Sheridan yesterday from Liverpool,
such tends confirm the view have heretofore
taken policy that the bank Of England would in
regard reduction Of the circulation This reduction will
necessarily involve continued fall prices The effect Of the
news visible in the market yesterday much later
news by the steamboat is momentariiy expected
There have several heavy failures within few days
but they are kept very quiet This result has been anticipated
by the public and its realization creates unusual alarm
excitement The lowest point with affairs this side has
been reached The great anxiety which
commercial men, to fern estimate OF TIE prices al
which the crops and merchandise for the fall business will
break
The cri,i, in which we nov find ourselves without doubt
more radical its effects the prices Of commodities and
the valuation Of property than the famous rcvusion
hut il Is papabe the general observer than
we're the events year This arises in measures
from the fact that full force has been felt at the close OF the
business year. when the crop nearly all oa Of the hands Of
the planter principally from the cautious and restrictive
earc New York banks which have kept the currency
at its minimum this city, and have slowly produced
the same effect upon the currency Of the whole Union no~h
standing disposition to expand manifest at the south and
west, With the gradual decrease in circulation prices have
fallen 10 rates low have been reached IN long series OF
With the falling markets the public have been
prepared fer crisis but slowly and steadily that the anci'
It'd disasters have been provided for, and credits gradually
withdraw from occupying suspicious position with
regard 10 any great staple hence but little connection
attends the final settlement compared with the excitement
which was created in 1885, by the tamblng down OF the great
Of American credits which raised foreign
capital.
There exist. much easnes in regard TO the probable dram
OF specie pay foreign debts before the new crop sha nave
become available Philadelphia particularly this feeling Is
.,,ar,pt and a suspension Of the banks OF that city
- heen currently talked Of Some little uneas,ne's
Al, mart az the banks manifest by their continued demand
o. Ibis civ Cor specie ortify themselves against drain
There are many grounds Cor apprehension upon this head "
that the Of floating on the continent
drawn mon London yet undmaishd, and there also
new for drcsdg renewal Of the domestic nqsetude
Of These have appears increased the anxiety
~ m. Bsnk Of England TO force sale, OF securities order
NOR rapy 10 reduce the circulation in the view that the low
po n, 10 which prices will fall under the reduction, will invite
eapts from the continent for investment. This - harsh
measure will prove efeetua one FAR more surely than
the objectionable o raising the rate Of interest Its opera
,op win be al.e to draw specie u s. Bank FOR in
MARKET will eectualiy cheek the sale Of American stocks
The OF such drain will be regulated BY the extent Of
orders last spring In the present contracted state the
circulation here 81 900 5000 900 the regular
course trade be spared without Under
however, the coatnued contraction the part
Of the banks. which would necessarily be perersrcd in will
reard the transmission Of the crop Market and therefore,
eo.nue 70 deprc.. price. and render fall bushes.
Our CROPS are hswever very large asd afford TO sell
them very low great customer England shall
have recovered herself be able again TO
10 advantage an which will probably take place in
month or sir weeks-not sooner
sn,e- "a the stock Exchange.
40 Bank iosc ~ 40 io1lc 70 PenS Bank 100 s1snl
State 20 American Exchange Bank ~;
North American Trust Co 2c - Bank OF Commerce DOT so
do 100, cod IS do 09J 10 Farmers Trust Co Oi 10 Morris
Canal ~ 10 do 2o; 80 Del and Hud $780, IS do 6oJc
80 IS do eo so do ssSO % do 69l0 100 do 6s.c
days. 50 vics.bus aul 1850 Is do at; Planters Bank
Mississippi s0 80 Patterson Railroad 55b3o 80 Boston and Pro-
violence Railroad ol JRRS 20, $50 Harlem iee 300
do lebuw so do 1850 7S do So 30 days so do i93e 80 do
4elc 80 Do io 100 0lh3o 90 do io0 so do 1880 . do
4oc 10 DO sosngton Railroad 25b3o % do 49, 80 Canton
Co Bait ae; 20 do s6ibio; 10 do a6t
state Of Trade.
F.pecatiou Is I'll directed the Iverpoos arrival AZ
ride TO the future state Of the markets. there .
but little actual business done beyond the immediate calls Of
the city and the dry goods trade little more There
Is. howe YER much ude.n among importers with regard
the probable tendency prices during the fall business. and
,be news ~ the Liverpool will remove this b,itancy
The ouantty ofA5ur and wheat delivered from the Erie ca
nal during the week in August a the prices named be-
Bbl' Flour Bash. Wheat
West ss's Troy, on 1893
Schenectady,
Total 226oO 2305
CcrroN-Snce our last notice this market has exhibited but
very little animation and yesterday nothing was done every
markets present unusually doll appearance The time 81
year hc small stocks he prevail ~ q ever = some y We