Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-09-04
N q X Y m A AZ X e r.
TUesd2V. Goueenpkpr S-0 p n.

The realization ofloans hypothecaon of stocks CONT
deprsss the prices the stock exchangesaes
reached small extent onl, today at general decline from
the rates Of yesterday The Uni ed States Bank reeeded
per cent Delaware and Hudson per cent N. Am. B.
Il per cent Mohawk II per cent. Harlem per
Money, however, seems TO be little easily obtained
today United States bank post demand
cent and aueoneer paper has been taken PER cent
whchs decrease in the of discount previously demanded
small specie draft appeared in the street from Boston, the
amount such to attract much attention There is
again little difficulty in the way of redemption Of
country money The bills Of the city bank OF Buffalo
stated to have been rejected by the State bank fact which
caused little s,cite.ent They were, however, suisse
sueny received The situation Of the flour such
retad the credits of the accumuang
this city The mills at the nearly all idle The mil
les unwilling to purchase Of the farmers unless
tion which they not willing subt until the arrival
of the Great Western shall decided probable demand
from Europe for breadsus, which demand will in great
measure depend the ruling prices for Me fall.
Many Of the post notes Of the u s. which sell
ing the market and which has been aedged that the Bank
is raising money her account especially Boston,
where the bank agent Mr. rockingham has made large sales
have been saed consequence Of the notice Of
hank that nstanen Of 20 per would be called
60 days loans stocks other securities As these install
fall due in the present Of the MARKET is
Impossible for them to be met The bank therefore,
the amount OF the nsament post notes. which the
10 raised pay the hank in funds H the bank
made loan OF 900 kypote Of stocks and calls
per 81 000 instead Of sacrificing the stock ,he
900 post notes at six twelve months these the
borrower sells the market per per month"; and
pays the bank its nstslnsn The post at per cent
per month far better investment than stocks would
be- and therefore fad them in demand while
declining
The situation Of the English market a great
anxiety oay oft large Of stocks ear
ing 10 that MARKET Dealers farmers planters
are all interested know will be Of crops
and in what direction the OF the coming business
will II the English crop short -four 60 up; IL
large prices here will sink far below their present points
Dry good, aud all imported articles equally depend
the expected fer scale Of prices The banks seemsgy
confident OF large bs.nc all striving in
their vaults largest possible for the
sion in order take the lead with the opening year.
The position Of 6nascal circles of England and
Of the different classes OF banks the
country and their effect the exchanges OF the world
IL IN the present critical OF affairs Of anxious Gu
curry part OF all those in this country affairs
BY Of steam brought within the circle
their .u On hi, subject, have before c,i.
dencs OF all the leading aad bankers Of Eng As d
before the The Of the reharer
III, bank 1854 sef the subsequent comees the
Joint stock Banks There are several
kinds Of banks each having different sphere of action and
each actuacd by different The Bank OF England
has the excessive right Of Issue Cor distance Of sixty
five miles around London, and also furnishes bills the
joint stock banks by reoiscouang bills Of exchange The
dur circulation il about $4,000 which average
Er Ie37 and distributed as follows: