Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-09-28
NJ O N e m q h X X It.
R-&Aar GnunA 04-R


fair amount OF bushes. has been done at he stock
change today at prices which show little improvement
yesterday rates. u S. Bank improved cent Del and
Hudson per cent NJ Am. T. and Bk Canton per ct
Harlem per OF An Ex Bk per cent
The City Bank Of Mont about establishing branch
sbec Charles Getting, Esq. to have the management
There little doing in sterling exchange Until the de-
parure Of the Bis Qsssp but small amount Of transsc
will take place. The supply Of legitimate bills is
very short Some Of the bank, among which the Man
and the Bank Of America drawing London
20 days for 10 per prem SO the sterling This
will be profitable operation Ter the banks Wall
quiet Money still much in demand u s. Bank post
freely offered u per The emission Of copors
bands also pressing upon the market, There
arrival yesterday At Phsdepha fros New Orleans,
Of the D. s. BANK, Of $4,000 in specie which makes
900 received fro~ that city within few day. The
u. Bank be spite Of
the lamentations and eswhere from ali quarters specie
flowing upon her. The specie the proceed, Of post
which have been selling New Or<an-S5ooo 900 Of
ese notes received the 18th inst BY the Merchants
Bank Of New Orleans
eular There many conflicting elements in motion, which
have consp,red Prooag the erss which And
selves and which caused medAy by the eoseness a
cor a~ncia with the money circles Of EurcPs
The stsxnaon Of stock marst attended by great fall
the price, OF stocks supposed fully worth their par val
v,as psrch those offered for sale at great dseosn
lend money high rates Of interest ose who wished
70 hold The banks aIso alarmed the sure Of their chi 4
dependence foreign credits have fortified themselves By
auc their immediate liabilities within their control The
occzoned has been heightened by the conflicting
Of the banks and the general governnen which,
regard land Sales stands the position OF mosoposns
dealer power exercised in the westsrs country
sisey similar that Of the U.s. Bbsnh while sehng erchsngs
whole aft
PhaAelpha In specie In IAs the government Is
esarsx specie w baak OF Missouri As the land sales
during the ensuing o~h, become extensive, this nnu
Gill BE- felt greater degree. The movements Of both
the United States baak and the have hss far pro-
doced af desire eeocentrss specie which has deranecd
circles Of exchange throuh,st the Union The conflict
between the old and sy o banking this State has
been another powerful Of the continuance Of The crisis
and which every day assuming grave cast
Yet another powerful the attempts al the south TO
force The s~po trade Of the country into channels and
destroy that harmony Of action which has hitherto operated
benefit between the norbers and southern States
While ali these arsciJ have been developing them
selves the rapid progress OF internal improvement has been
altering the relative position of po,,s Of production and
points pon sale These reached stage
at -h,eh the vast that formerly flowed down the
Ohio and Mississippi rivers TO the New orIean. markets. "
stand Canals steamboats,, and lake navigation offer
nov safer quicker and cheaper outlet New York BY way
RuhIo, the Old
ed by eans Of Illinois aud Michigan Canal which
the navigation Of Ohio and Mississippi Rivers with Lake
Michigan Chicago from whence arsgslsr line Of steamboats,
Buffalo BY this route 100 ibs Of merchandise may Ne
transported without the insurance, from View York to 0aepa
for 81 % BY the old route the expense Of ioob. from New
York to st. Louis 81 90 via New Oreass AID from ST.
Louis TO Galena 81 So making - 90 dovb the expense Of
transportation besides the delay and rick incident upon low
state the rivers Thee facts equally true with all The
points of trade The Of Indiana Illinois,
Northern Missouri, we'll Wisconsin, Iowa. Michigan,
Northern Ohe, and Canada will concentrate upon the aks
and seet the New York markets Last year the amount Of
produce which received New Orleans from those Sec
cns ssoooooo and upwards. and formed the basis Of
large proportion OF the exchange northern cities
from that point The value Of the produce has year been
rpcresse. ity per in all the states. This vas
amount turned into other channels necessarily derange
the whole system ef southern and one of the
-p connected with N. scarcity Of money which
tractor. making their u.sa engssemen,s and therefore
eard. crop The grsa movement sf the southern dre,
advocates this diversics ~ wessrr trade In
favor cfs ,crh W % the South Caroins, louisville,
and Cincinnati Railroad eo-renen Of those interested in
ihi. rsrs -s scsd Ast~ne NORTH Carolina, the 10Th