Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-05-08
MONEY MARKET.

Tuesday, May 10
The anxiety for the arrival of the Liverpool all day in
Wall street. till about four O'clock when she announced
The stock market remains very nearly the yeser
day The expected by the Liverpool hung the
ket with depressing effect, and prices closed gene
raj reduction from the closing rates Of yesterday Delaware
Hudson receded per cent Ohio Life and Trust psr
vcksburg per cent Bank Of Kentucky per cent Paer
sen per New Jersey Rail Road per cent Stonington
per cent Harlem the contrary improved per ceat
There were Of sir per Treasury par
Some further of sterling exchange have been made
day Yesterdays rates. the packet being detained by the wea
ther sntil tomorrow.
The evident approach of crisis affairs Of the French
at period Of last advices by tn. South
and the which the attending disaangement Of
affairs beginning to have upon the state OF
things England with reference to American interests,
aurht with great Importance The fall Of cotton continued
will in its consequences The large amoan
which ha. been thi. side Cor ~ throw"
a falling Market occasion the train OF evils as that
which was dreaded from the Boundary question An
explosion revusion the financial affairs Of France would
render the currency OF England redundant compared with
that countryand the expectation Of gold already large
would be increased to dangerous extent The late move
ment, Of the Bank England indicative Of existing fear
OF this nature They have raised the rate Of nterest-they
have refused bills Of an character and they sell
bills large amount and at greatly deprecated
prce These followed by the joint stock banks
the whether Of dePose or ISSUE and they
were DESTROYS their At this point 1t
that pubc confidence first shaken Accordingly had ad
vices OF decline railway shares decline and de-
cline cotton simultaneous with rise in corn These facts
are calculated 10 create alarm and dst until that credit
by Of which the Tar greater number OF our
commercial transactions effected, begiss to give way In
proportion as confidence Is shaken, gold preferred to
hence may originate domestic drain, which always more
serious and sudden than foreign contraction Of paper
money must result attended BY great and general fall
IN prics that Of great staple which cannot
hut have great influence the standing Of the large amount
Of Of which in the London mar
-. closely the welfare and standing Of institutions
connected with the price Of our principal export.
Thus seemed likely that prospects Of the future we're
check from little anticipated Isdeed every
fresh upsn the continent Of Europe to have
reater effect upos our markets. The peace Of EsroPe has
been so long occurrence Of being the @
Of any momene public surPrired to find that dmcues
which formerly did not affect us cause nearly as great
sensation in moned circles those Of London This arises
from the intimate connection which exists between this
country and Europe states connection which has rapid
gained ground during Of uninterrupted peace and me
cane prosperity particularly during the past year.
when by the aid OF have been brought y "ere'
,tha half the distance that we formerly were ~
1886 the effects Of revuision on the European markets
caused surprze England and opened their eyes 70 our
srea commercial importance The intimate acquain.
lance thus formed with institutions and resources Induced
those large investments stocks that have brought
affairs within the circle Of the political influence Of
euceorh the effect Of each political movement -
r,ron. on the OF public securities must be nicely
"a has heretofore been the with English CAPT
tali,,. with regard TO English funds
Tim. We already feel the change In position which ha
besu accelerated by establishment Of steam navigation
c Of the temporary difficulties which impede the course
tb, country she very occupy station wheh WI
give tone TO Europe.
Bickneis Philadelphia Reporter states that money may
obtained in thai city at per cent per msnth.
Great complaint made the west against the speculation
OF certain banks in articles OF produce Thus the Chcag
branch Of the inoi. Bank entered into pork speculation
10 such a. extent as TO monopoire the market al US own price
al the same IL is Withholding all accommodation o'
te merchants. The Wisconsin Bank pursues me cour'
with regard to lead Much indignation esc,cs ~ he lerr
tory on that The highly Objectionable an
,houd be promptly frowned down BY public opinion
soic- nt the Stock Exchange.
s.h,rc. Rank Of Commerce l03a-2o Union Bank 1l5-7
PM, panL 1851 so do 1880 Merchants. Exchange Ban
40 pelavar, Hudson 79sl0 90 do 7oIl25 do ~
10 $50 do do otl0 80 do 7onw 50 do ~
so do 7olbI5 7aa 100 do e0b6o-Ss Ohio Life Iru
ioa % Vck.burg do SAL IS do 81 20 do 6llsoo-
baaL &c Kentucky ssl-ls Atlantic Fire lns Co 1910 LOT
Iana Wire Ins Co o. 80 do ooi-3i Greenwich Fire lns
oI-5O Canton $50 Paterson 67-Is * iOlsc %
initial stonneton a. IS do 3s 80 do 3tAb6o-loo Hare
seIB 100 do bslbb so do b $50 do sSls3 30 DO os Od
100 a. sobls so do bobsO 100 de- 90 l0er so do 59c
AZ so. 75 DO sslsso do SEA so do bobI0 10 do 5otw
40 So $50 do beb5 ib0 do 60h30 90 do $3.50 Long lsla
sosbso 100 do S7iTreasury notes, $500, sixes 100