Morning herald., 1839-10-19

Here we see great contraction Of business previous
pansion the cotton and crops fthe West which
flowing upon her and furnishing sterling exchange to any
extent Exchange only her good specie, but the
actual specie had from Havana and Mexico
short notice. In 1887 sl,5oo,ooe bought by tho
New Orleans banks from those markets through the house
Of Lizard IN Havana who authorised to draw for
the amount London Those bills were drawn against
stocks, but good supply be had based on pro
duce. We look upon New Orleans as firm, but the
banks between this city and that have and
not resume without drain from Philadelphia and snle~
the banks extrcae themselves from the ruins
ofthe United States Bank they will all perish together.
The policy Of the New York banks will then be trum
phant the abundant crops will be the basis Of healthy
and prosperous trade having its centres New Orleans New
York, and Boston.
Sales as the stock Exchange
ea5o Corp Bonds e6-5 shares Bank 7s 20 do ~ b5d
30 do 76 b5d 4b30d so do so do TAB
20d 10 7420d 30 do So IS de TAT so TAT so do 72t0
do Dry Dock 67I bl05 do Com 93 As do 946do State Bk
GO s farmer 90 do Del aad HI
sa bO 2 do 5a bl5 so do 6A 100 do sat- 80 do
s4 1870 do S4-5ds Kentucky &C. 40 DO S 50 do g. 90
Trust $50 vckburg 52nw-l0do East Riv Ins Soil
do Utica lls a5do i4A5 do Canton aslS Boston Prov
GIL IS so do 65-l0o do Stonngon 1884, 100
dc ieInw-5o do Harlem 80 800 do 80 3einw 10 do
2et 90 do sei, 100 do ssa biod, se do s9l.
Trnde fa Foreign aaa Ds.scssic Dry rssa.-
The existing OF the money market creates great de-
preston the dry goods ade and failures almost daily take
place Wooen goods not present in very thriving
manufacturers much want OF FUNDS to
purchase the MATERIAL and their agents here the comn
son condition to make the usual ad
vance, thirds of the value Of the goods consigned TO
chem These TO particularly
the smaller the make goods asma capital Of
their own realise in sr before the commission
chants get their advances back IL In fact placed the manuac.
rer situation purchase the material at the lowest
r;c for cash. the best prices for his goods,
X sod through his agents long credit But look at
,,ir state the difference. Our commission
merchant. no being unable to advance dollar any faster
fhan thew make sales the small manufacturer compelled
40 su.pend and those who have large capitals
careful to make greater quantity Of goods than the de-
mand warrants.
WoolIen goods are rather lew, the manufacturers
scarcely getting the Of mahng and instead Of keeping
eyrv spnde motion, usually the at this Of
ahe year. get supply hand before winter they are con
doing nothing Theresno demand at present for
snv Kind Of gooas either Of foreign domestic manufacture
The trade this fall completely knocked up but still
fair business has been dome great however, wa
Anticipated Prices for dry goods generally declining and
must continue to under ae existing state OF Affairs Oar
packets arrive often with fair cagoes, and the stock Of To-
reign dry goods in this mnrke at this moment, great
for the exzg demand We cannot calculate
npon much balance Of this for naay country
merchants who anticipated visiting this city in Nevembcr
have abandoned the Jea and will remain thome untl Spring
90 Of her surplus stock The trade IN the country has
been verv small but thought that the country dealers
will pay N WE'LL and fresh debts have been contracted
this fall with much confidence.
Importers thi. city wi very heavy socks Of goods IN
their stores received this FALL not disposed touge of
goods. fearing that city will bad and there
fere prefer holding on 10 their merchandise