Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-08-21
M q N T. " M A h TX e It.
Tuesday, August 2N4-6 II. M.

Tuesday,, August 2G4-6 II. M.
continued decline has marked the transactions at the Stock
Exchange today Sales have made fair extent but in
most every instance at decline prices varying from TO
per cent Bank Of Commerce receded per cent; Dry
Dock It per cent Illinois per cent Delaware Hudson
per cent; Ohio T per cent North Am. T s per
cent; u s. Bank per cent vickbug percent Bank Of
Kentucky per cent; Canton per stoningon per
sest; Harlem per cent Utica per cent
Money fpos.ibe scarce both in Phladel
phia where the current rate isl per per zasnth
Thsnotes of the Mddng Interest Bank of Boston sold
in that city on Saturday at per cent discount.
At Philadelphia has been arrested having in his pos.
session spurious Bank notes. puportng to be upon bank
Hartford, and upon the Mechanics Bank Of Ntsburgh No
such banks existence those mentioned in the notes
The effect efthe by the Liverpool not very apparent
in the general markets. Flour alone display any degree of
activity subsequent the arrival Of the This
caused the receipt orders for that article certain extent
sufficient the Of IS per bbl which
took place prices The orders apparently held
wishing give buoyancy the markets. and they made their
purchases unlimited In there hes been but little
dsing Holders advanced ths pretenons cent by
Of the improvement in Liverpool Purchasers however no.
soconfdent of the Of the rise England, and
operate spangy improvement Of seat last week.
rates.
The unexpected turn which to have taken place in the
prospects Of the growing England Of such vital ina
portanee at the crisis that Of dccie
ey the greatest alarm. Is that Of fals
Of the crops England and France such be apprehe
ed Of the weather for days previous
to the LIST instant market would be esened for surplus
crops ofgran which large which would sustain
Dur here 81 and es~e profit the shipper The benefit
the country large, from this would however be
nothing the disadvantages arising from the
decreased consumption Of Cotton waieb would be inevitable
and which is uniformly the OF scarcity Of
brdu Our large crop Of Cotton would then be unsseable
The suspension of the Bank OF England would also follow
matter Of course, carrying in its wake train g evils
which every possible shape detrpenta to
The Norhsrn Of England already the point Of
instruction and The fate Of the Kagdon and Of the
ciai world spending fortnight Of clear sunshine,
without which nothing TIE ersp from serious injury
This position Of affairs the departure Of .hs Liver
pool Of the crop in France and the precarous
situation Of thai Of England prevented the Of the
plicaton Of Bank Of England for loan the Dead
Weight security The nature Of this security not gen
orally understood will therefore give brief history oft
In Military Naval pensions ameuntedio 900
per This amount gradually decreased year by
the deaths pensioners and esi.sed the whole
amount ald be extinct in 80 years. The government ProPos
pay fixed Of ~ 800 600 per Cor the period
years any person who would undertake pay the
SONS offered Of sufficient 10 meet the
srst nsamen The Bank finally made the under
another FORM The Bank agreed 10 advance to
between April sa3 and April 1875 essn Of 3ose ils for
the yarro.c OF day charge OF he pensions and to
ceive from per sanum half yearly
instruments for Al years According to this agreement the hrst
advance amounting fss57io made 10 May s3 In De-
comber 1875 had advanced E5soooe and the goth
February 1897 reached $40 $50 AT that time the
uity wa, valued al foo35 according the market price
Of long annues The the bank books is charged
which, Al per cent This the annual rate efProh,
calculated by the Bank result from the Dead Weight
which Is the given TO the annuity.
This .ecusys the only the Bank holds besides the Bills
discounted the Exchequer bills supposed 10
have been nearly all od and therefore, that selected pledge
for the loan reqsred from the Bank Of France.
The loan ordinary would be done IN two
~av Either by the capitalists OF the continent lending the
money in England oris their money the continent
The method will most certainly not be done during the
apprehension entertained Of the Bank Of England in
ease and depreciation Of exchange the lender
would be BY the later operation the Bank would
the risk ofhe exchanges we'll as be TO the
attending the transaction The Bank would have
pay brokerage the bills drawn and negotiated in Londons
banking commission in Londoa-s simiin commits sion in
Paris, and interest to the Bank ofFrance.
Under all n, disadvantages nothing had ranspired the
actual the Transactions TO the sailing Of the packs
The meeting ofte directors take place next day when
would probably be known Much Of the excite meat which
the English papers DISPLAY the subject may be a'erbcd to
An. importance Of the Joint Stock Banks and the
opposition to the renewal Of IN. charter Of tho
Bank Of England the period FOR its discussion approaches
Tb, question will contnus to exercise Improbable effect
ON commercial affairs, snt the period Of lis final adjustment
snlcs as the stock Exchange.
aoLares u States Bank 1851 40 Bank Of Commerce osi
n Union Bank Ilt 100 Dry Dock Bank s9 100 do do
so do do % so do Do ssi % Del hudson 67i 80 do
do a. 900 do do s7 90 do do 90 100 do do 90
do s73 90 do do s. 90 do do 90 so do do s7as 30
100 do do GIL 100 do do 50 50 Mechanics Banking ASS "a
North Am thrust n 10 do do 705 40 do do 20 so do
do 7Os 30 do do 10 80 Amer Er BasL 50 do do s7i
50 vcksbsrg Bank 35i 90d Kentucky SIS do do 7si
IA Ohio Life Trust GOT 40 Cantop 34f % do do AL 70
Nshawk Rail Road 81 100 Boston Providence RR l0 30
sonnrt, 2 do do 9ii So do DO 2aJ 100 do dc "a
Co 120 Harlem r. as 80 do do 4si 100 do do ~
@ % 10 so a. a. 90 % - 40 Uie. Rail
Read III, % do do Il7i