Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-06-03
M ONEY MAR KET.
Sunday, Jnne 30 p. m.

The foreign had depressing effect ON the stock
market yesterday; prices Of all descriptions down.
from to per cent Bank Of Commerce reeeded per cents
Dry Deck Bank per cent? Commercial Bank per cents Della
and Hudson, per cent? u s. Bank per cent; vcks
burg Bank 81 per cent Bank Of Kentucky per cent Canton
Co. Al per cents Mohawk per cent? Stonngton per cent?
Harlem u per cent.
The depression manifest in the market consequent upon
the political difficulties in France England producing such
dsarrangement in commercial and financial 10 crush
the edged hopes Of financial almost entirely
appears from the LIST the 4h u the Of American Sc
cures very limited gradually fading prices there
existing desire to invest Subsequently, however, the in
creased rate Of interest by the Bank England which now
per cent disposition sell manifest by holders;
and between the 18th and l7h sales to the Of
Ohio per cents made at or which reduction Of
II per cent the quoted the l4h There we're as
during the PERIOD sales Of FIVE per sterling Indiana
to the extent Of f5oooo s Liverpool Bank sold to
realize in consequence Of the pressure in Earke
Of five per cent STIRLING Alabama g. Some sales Of u
Bank 50s We have not vet heard
any the part Of j. Duer, ESQ., Of B.
Murray Esq The probability is that in the general depre
o they meet with for the stocks which they
represent.
There impression in Wall street. that the appearance
Of Daniel Webster London will have abene6ca upon
the sales Of stocks This possibly may be the The CAPT
tas Of London good deal governed by favorable repre-
sentatons No better qualified Than Daniel Webster
IN mixing with the leading explain clearly and fairly
OF and the strength and fertility soil
clear knowledge this subject, will 60 great way
derng American securities fvore nvestmenteven in time
Of political disturbance.
The present depression in the money circles has its origin
combined action Of the lmportson and the difficult
ties existing France The position Of affairs that cosntry
favourable recovery although the danger Of
luton imminent The ground work Of the breaks
organized and far stronger than those ncpent
which resulted in the overthrow Of the
in 1890 such event has been avered the
present solely BY the growth OF commerce since 1890 The
lower class Of faans n retain all their ercey and
love chang but these feelings have been tempered and
troed BY the extension OF commercial relations in the middle
classes This has been the safety Of the present govern
en This also the germ OF hope in the speedy settle.
nsnt Of mach vered ministerial question from which, in
great degree closely bound together emanate
our present threatened disasters Want Of confidence among
the leading sfPar spreads 70 thu departments produces
agnation trade, misery and disorder among the working
classes which rcver with redoubed force the capitol
and anarchy and revolution the result There now through
ox Departments the greatest pros,ration in manufactures
Of all kinds Sales Of cotton have almost entirely ceased
The demand Cor yarns for England entirely 30.
The attendant disarrangemen Of the currency Is the main
cause continued draa Of specie from the Bank OF Eng
land This for drain Of specie FAR serious than
that arising from The purchase OF foreign coin, and that
which chiefly stimulates the Bank OF England those
ures winch render the sales Of American Stocks and
Of the price Of cotton scarcely possible II psibc
improbable, that the latter article viii yet fall 3D. per
ID before transactions great extent take place
view of great Disaster and the will be fraught with
The consequences 10 the Southern insution
The evils anticipated precisely Of the
dreaded to arise out Of The boundary question: bat proceeding
from very different
In taking broad view Of the subject however, there is no
A.. nf
with aud great Influence all political
will ultimately triumph and the three Of France
England and the United States increase in inter-
course and mutual prosperity Our present position unfor
unate nasmuch that although comparatively out OF
debt yet currency aud banking system situated 10
require foreign aid and also the highest price Cor our produce
Ia order to keep the wheels o. trade in healthy se.n de-
lay therefore, and temporary depression in the staple will be
attended with ruinous consequences.
Sales mt tle Stock Exchange.
80 Bk OF Commerce lo7is6o do 02} Iso do leia 50
do o24, 80 DO l02.s0-130 Phenir 1870 River sfs0
xxn.a. nh. 4 n. 49, u<4.