Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-05-30

Til; increase of ssece in the United corresponding
h multaneou. decrease in Bank Of England, du
ring Of prosperity before unenanPsd and the tenden
cy of coins the United States not considered subject
for ALARM il is rse with regard to the continent
that when the exchanges favor Of England the coin
oteyng ITS laws back to the Golfers of the bank This
rule was not observed with the United States but the
ton of balance large that settlement became
attended by cessation Of trade and time and the were
resored Of settlement the coin remaining IN the
country This operation Of the Bank Of
England which Institution bends all her attention to the
prevention of the creation Of balance OF trade beyond what
the exports Of Manufactures will liqudats
The present sale Of stocks that market therefore v"e
as method of producing the effect as did the
credit system 1885, public securities now taking the pace
of credits Yet closely the Two countries
now connected that rise Of the rate oil interest winch "
only eecsa method Of checking the TRANSACTIONS
tail the mower perators, and increase e causes
and chances Of nsurreeonary movements In
Therefore strictly middle is tbs only safe one that
bv keepinc the Of interest just above the market rate
,a selling excheouer bills and other government securities
when the in order to maintain the power
Of aiding the commercial interests
Tb., the rsa affairs Of this country, which
from the difficulties into which they fell by the
trolling mower of one large bank which combined and
raed our strong point are now without that
power brought within the influence Of the Bank Of
10 the motions Of which hereafter the attention
.t be pad by the American banker and merchant the
case with the Liverpool capitalists all being under the same
ruaon creating loans the question Will not be- how much
ha be authorised but much will the policy Of the Bank
of England allow TO be negotiated
Those gigantic movements which have been planned in
sr Of will be the first to feel this coggng OF the
Large operations consequently du although
retail trade was never healthy state than Cash
and short credits only the business doing there
fore safe and lucrative
xoIes nj the Stock Exchange.
10 Blk of Commerce lOs &c Mech Bank 1906 80 Butchers
Drov 1904 30 do os 10 State Blk lo7a 10 DO los SO Am
City Blk s5 Del Hudson s0 80 do s0tb3 90 do soa
s sOb3 so do $685. 100 do so 81 90 DO Sotnw 100 do
sOlb3o rs 1908 81 do l9as3 80 Vicksbsrg CO. SO
do 6OoO do 59 59 so Blk Of Kentucky 90c ~ do
90 80 Mutual Fire 1885, Merchants do lo4i 80 Equita
Az 40 do 45t 90 do ASH IS Mohawk 65i,o IS Bo.
iO7 so do I0b3O SO Jersey loc rs do l00a 20 Utica 1885,
$50 Long Island 55 90 stonngon s5 10 do s5aba 80 do
"a 10 do s5l Is do 3l so Harlem SOLO, SO do 59w
90 b0 do 5sstw 80 do 59nw 30 do 59b6O 6O do 90
boo, so do 5ssc.
Drug Trade.
This ade as well every ether branch Of business
exceedingly dull Nearly every either stationary
or has declined within the month We not acquainted
with single article that has in the slightest degree Improved
Yesterday Indigo fell off two cents pound, and there has
been decline in Opium OF the latter there is fair
suppy-more than will suffice for the consumption. for some
time 10 come The bulk Of the trade till Septem
bhen there prospect Of transactng an extensive and
healthy business.
state Of Trade.
All the cadn. articles Of trade show great land
the chief sales are the trade But little doing de-
scrpton for shipment Prices most barely main.
tanned
CorrosThs article has been particularly inert since
last notice. The adviee of character TO
purchasers withdraw and the trade new are waiting Tor The
Great Westerns arrival Sales reach 1000 bales at
reduction of from last weeks prices Arrivals have been
about $500 bales At Charleston there has been fair business
sale, reach s7le bales, advance lof cent per h. AT
trade very dull Sales amounted TO 300 bales ony
at Ia Isle. AT New Orleans 2si ns trade was exceedingly
dull A few sales we're made at decline Of cent.
RicEThe high prices demanded by holders Of this article
are cause limited transactions Sales consequently
small at former prices At Bosos there have been sales Of
800 cs a At Charleston, the market also mani
mate. Sales reached 636 tics at At a4s.