Morning herald., 1839-08-02
M O EY M A r. X EFT.
Thursday, August 1-6 p. vi.

rather been done at the stock exchange
today price. ucuated without material change Bank
Of declined pee cent? n American Trust Bank
per cent Delaware Hudson per cent? Bank of Kentucky
Der cent stonngon Exchange Bank receded per cent
further business done in sterling bills this morning. pre-
the departure Of the seane The rate has receded
little from yesterdays sales large amount Of specie has
gone out by packets sailing to-day The Great Wesera
has on board $3.50 the British Queen S2s7 Oo0 and the
packet ship Ontario S43oss The Ontario and Baltimore
S2oe 600 together making in all 100000 Muck pains
BY hs shippers to conceal the fact Of the ship
nen These my mystcrous calculated excite
the public mind The regular, above board
Of trade create any panic 1t is the attempt at
which alarms the public mind Moonlight ship
Of specie always suspicious This 10 part Of the
payable Lsndoa by certain firm to which we made
reference Of the regular current Of
trade speculation, and going back specua
tion.
The Commercial Bank Of New Orleans has declared dvi
per able the 10th inst The Chemical
Bank four per cent, payable on the 9th inst
We recently mention which took place
for specie the Commercial Bank Of Oswego We have
eeived letter explanatory Of the facts 1t appears that in
conformity with the present policy adopted BY the banks by
the OF the New York MARKET the
probability which then eIted tina, the redemption s the bills
would be BY the city banks that the Oswego Bank
reduced its line Of discount much possible certain
class Of SPECTATORS fadn that this wholesome action of the
bank wouls rain their unhoy monopoly deu eaeavored
the baak into dscounng BY dePrvng it Of its specie
The bank was however strong for them and the
Praon Of fortnight, which the duration OF the rum the
found its specie reduced bat and its general
sition better that ever.
We stated yesterday, article the money market,
the Mississippi Union Bank post notes at discount
Of per in this city and 10 at doors They
only worth rs the dollar either yicksburg
Naeh and though las. issue Of IL months post
usay .. discount of rs csntin Wall street there
but few willing TO touch them at any price,
In stating the amount sfstse bonds which had .egs-
tsed by Mississippi to establish the banks which
.Iming the industry Other citizens placed the whole e,sn
ons) the oeb Of the Uaon Bank millions
ought to have been charged the Panr Bank at Nache
the checks which have been lately the Of
four hundred thousand dollars th, city II
devil had got into dhcu and gave cheek bank where
he had fu.ds procure supply Of food and ramen he
would he handed to the state prison swndr but
here soulles csrporaton which, with the Commercial and
Railroad Bank Of vicksbug obtains under false peteace the
property Of the people in Mississippi give their cheeks
banks this city and Phadephis and earthly heavenly
draw on; yet the very banks thus improperly drawn
esdea'erng to bolster up these swsdle
and to enable the TO pay the game again the
ead Of the chapter.
The Unsn Bank Of Mississippi the bonds 10 the
amount Of Ave millions and half s market last August The
law Of the state explicitly declared that they should be sold for
"speeie or ito equivalent at Pa bearing per cent interest
The commissioners could ,e them according TO law but
having resolved that they wosd return the spectators
with their fingers in their mouth, they gave the bosd Mr.
Nicholas Bidle and. in exchange he gave item his bonds
without interest," payable in three nine end twelve months
But in addition Mr. bdde gave them security the endorse
ent OF the second Assistant Cashier United States Bank
Of Pennsylvania The Union Bank then esnmeaced reev
ing people, they fasetiously style in Mississippi
with the Eve millions Of money contemplated by law but
L..
sueh relief for the banks having bat credit to lend
compelled issue post notes. asd these discount
Of per wenyosr hours The second batch Of post
issued last April aud the people paying 10
per cent for the "rssf" the spectators granted them
This all part Of the great cotton holding system. The
Of the convention 'pscustor' only
thods generating keep the bubble expanded We have
little knowledge OF the Of Of the
individuals engaged getting these conventions, and nothing
bat their desperate condition eould induce oshacer
project .esemc which every Of the least capacity looks
spss supremely ridiculous.
sales as the stock Exchange.
80 Bank Of Campcrce 1910 do oo3-6O Phenx Bank oS
- Dry Dock 900 National Bask ll2-e Amer Trust &
Banking Co 7ei a. 7ea. do 7sibsoso do 1855 Nor
i7s do o0ltw-5o DO c0I.iss do ss.soas de- eoynw-ss
a. eeI5o seao2s do COL do oslbis "a do soi
-7s Ohio Lie Trust ssi-so Bank Isi-7s vicLsburg
s7I-25 do s7iiods $50 de s7t.lo-so do sshie7s do
BANK Of Kentucky 7s2s DO 7siloo do 7obes6 Amer Exc
psnh $50 a. s-is Canton $3.50 hshawk eobse-so do
ss,.so,oe do 50 6os-45 Do coi6eo so Railroad ODE
lsc do $50 stoningon 1880 do s97s Harlem 477oo
do 4e2-iso do rnw5o DO $3.50 DO tsboslo0 do x7lnw
so do s7sim,-l@ Utica io6l,oo.
state Of Trade.
a.c.r,ar. ~ IN. two ships for England
have occupied the stteson business nes to-day almost
trsy The vessels went of accompanied the Liverpool
ana Iavre packets Is the present position OF the ceos
e stock must again g. Forward and create
little activity in the shipping bssine. The southern mn
Lets appear to be almost completely nans h,sry ue
.rpon Of produce 10 su with the e,cspisn Of Iosacco
which New Orleans the goth, took start rucnsse,
rhs had been holding back for time past eroe, 70
ntsr the market tsr favorable moment Tor hrg e
rs appear have coscuded nost masse 70 enter 'ne
ayhe The Consequence that large sales were made
ar.unus 1000 2o0hhds The following quotations wi
h,hy embrace the LIMITS obtained 10 the whole weeks busl
80 Al which holders rr viz: 10 Ia seconds ot
,ti . The stock in first hands for sale, has
oue reduced pot sxcee ing 1000 to 1900 hhd agreca
~ =, ,le estimate of the extensive and well informed
Ssa,s,. Received this week. 31s hhd Exported TO Liver.
100 bd. Boston Al hhds, To New York lel hhas and
Total s23 bids and i9s bris Stock hand and
ship board alo2 hhds
ssrais Trade.
~ wheat begins arrive al the several posts pretty
el, On the s0th ut supplies of the crop of Wheat
,s arriving In Baltimore freely, and prices have
- IL