Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1839-11-07

y Sruc usTE,.I.GuEsCE.
Correspondence ef@e North d~oiean.

Ia - MANY uak Oct. %. L. NJ.
The efert OF tha forrga news hsstetn % sioI
sales of r,iien altocrlher and 10 ,uke flour nor
dull The sslss IL tieaesst g to day at S555 io
common brands. II is l.,led high the piers, bu
moves ~ rapidly. The BUYERS fix the p,iee ltet
/ d much bs their osn eompeiltion. every ihlnf
Is sold as fas, as IL annes. know not how Tic buy
efs are 10 ret of. oI - extremely difficult TO sci
hills.
good deal ol ~ las been n,sdr in the street to
d., ny lis having out thai He"land y Aspn
wall, Who ave thcif noies to The l. y iaeh some
mortbs AGO for exchange In 20 to Canton, wlieh
rNcfsuee does not mature "a England mil
! A,nil or Nav. and. after offering security Ia
the Bapk, 81 10 pay on security beng given, de-
trrnined allow The noiesio lac over, after having
Obtained an ininnctian the Bank loibld1ins the
nausicr Of the noles. The amount is sl20000 OF
more.
Correspondence efhe q. y. Gd.eue.
The niofning papers Will have alfeais put IN your
posse-sion the intelligence feeesed by The hisefpool
packer ship Independence which is elgbi days laer
dian had before reached us. THIS intelligence rs
regards iis importance may be regarded uuder three
heads. The sssiefanee rendered Mr.. Jandon. as a
gent ~ The Bank of The tnltcd States IN London
the deficiency in The crops vi grain in England and
France, mud The nr"hnbe suspension, by The Flank Of
England. of specic payments. In coOncxion with
the fusi. it Is Impossible. reading over the Lon.
don Jour ais. he struck with tie immense
FORMER ,imes-aiathed 10 the monetary pcsiiiun
OF the Uulied States.
An impending with her ancient rival could mol
excite interest in England, than does now The
transactions Of Tie United States Bank. The news
oil the suspension Of fha Institution will create thrre
extraordinary sonsafinr, and ! fear have very
Injurious tiisci. Twill be consolstory 10 the friends
Of Mr. Jaudon ia learn that his condnct in the hieh-
~ embarrassing position in bieh he has been plac-
ed Is universally SPOKEN Of in terms Of the highest
praise, even by thuse who have shown themselves
mosl iulftIca1 To tie 10 zttutlon lie represents.
In regatd 10 tie rtups III England and France.
have doabi Tic, vii Prove defective by At least
30 days consumption 1hose Who can lecolicc Tie
consequences ol lRp sheu rrnps ~ England about
forty yoais since. may torn conception of tie
rnoinnns prccs, hieh will. 10 consequence, be
~ where paid iar be al slht. aud the great deange-
,nen thai will follow IN all he mercantile relations ia
England 1u appreciate properly the agricultural
rrpuris IA the English papers it Is necessary have
some local know ldse u the c,uutty, aud of,
rs some do The rcpou oil : town whence observation
probably dors not extend beyond an area Of five OF
teu miles, against the rcro,l Of a whole county.
] believe suspension OF specie payments by the
Bank Of England follows as matter of necessity,
two decided short crops OF grain IN that country. Ga
mis- subject. the opinion Of Loud Ashburon, Then
Mr. Barring J before the eel, braied Bullion Commit
Ice al the House at Commons, is decisive, # Ones
own reflection does no: lead 10 The conclusion.
suspension IN the present ancture would be rather
brnrhcia dian otherwise.
YOU will nov expect rom me some account OF
the effect OF this news in New \ urk, and vet il is
day scarcely possible say that any is eepbe,
.Xoept IN the pllces Of stocks.
Tho general belief " that a suspension OF specie
payments by the Bank 81 England woud have a Ia
soarable iolnencr here, as II would stop all demand
for Specie from England. | am however not so
sure Of this It is ~ iact stopped already, and no
Likelihood of returning, Stocks however have all
fallen In consequence Of the news. Bank OF the
United States closed ~ 60, AT the second Buatd--a
fall OF about 10 per cent. Sionngton Rail Road
closed at IL -aia ii s per ccni. OF tins stock BY
The h,o the L. s. Bank large holdels-ken-
lucky fell per cent
sales OF 5000 bbl.. Western Flour for shipment
have been made nj S575 $3.50. Tho letters b,
the Independence are not yet all delivered aud there
fure II IS not yet known What orders have come out
la ordinary times, with such adriccs are re-
ceised, Flour would NJ least be % per cent higher
Business in general is sill very dull
Thee is not demand FOR specie aud no prem
uni paid FOR l..
INV 1oRK, Oct 81.
Although have nonarhcd claire TO advise you
OF ,ellher the Of the money mark i OF business
generally, yet think general opinion is gaming
ground thai matters have been at Their worst, aud
consequently that an improvement will soon take
place. Tins belief may produce .ho improves
though no reason may be found ioI IL IN any actual
moderation Of tie circumstances which h'ne opera
ted against us for some lime rast.
There has moi been much change to-day in the
Stock market. unilcd States Bauk shares opened
nj 20, cash and clostd ~ The second Boaid o.,
10 days, great difference between such tine aud
cash Delaware and hudson clio ed at the second
Board al so; Slonint ton closed at 10.
The England and l. scipoo packet; the phadcl-
pha, Lotdon paeker; the Etle, lave packet sail
TO morrow. No, much has yet been done in Ster-
ling Balls the rates established are about 7n71
Considerable business done in French Exchange at
the oil 5 40. I 40. and ( ) 50. No demand
for specie mhatever.-Gold is at par.
NEW YoRK, Oct. 80, 1889.
Among the flour men, tho news OF the lndepen-
dence has created some alarm, and there is not much
doing in The market, except by few who have re-
ceyed orders by this vessel. The tendency of the
market is rather downward, though so slight thing
change. tie complexion OF an Article in these times,
tha, there is no telling how long it wild be down.
TO morrow, somebody may hatch up tale of a
great scarcity in kckapoo, AID before you can Turn
round -four will 20 up.
NEW YoRK. Nov. /.
This has been gloomy day again. Money very
scarce, and approximations oi impending sglls-oi
which the Geea Western will btIng intelligence -
very prevalent
Though the accounts give YOU of the aspect OF
matters one day hay not Hgtee with those oil tie pre-
cedins day, This must not aslonsh you My ac-
counts must naturally vary times do. The pack
ct slnps have all saed--lhe London packet Pbila
drlphla with Joseph Bonapare anu suite,
have ascerlaincd The aH cunt ofsp' Gle they have
on board. The Philadelphia has Sl3, 900; the Eng
land las $4,000 and MS mentioned yesterday the
Hawe packet Erie $1,000 Sums so tfilltng that il
would moi be worth while to mention them, were 1t