Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-09-20


r 0,.r. vst resent Sornidabls obstacle IN - way
- br.,,.s .esi,v Nssey bssn - much y as.e o.
nsv York for investment IN Post nssss ana o'nss
,Aat lsr,e amount ofths nus come forward Osos ~
,..t sslor.on can take place in the present prices
..;t.. m ths souhsrn banks show reduction 81 "any ~"
op Of dolars which amount has been wndrawh lot s w
~ ;pvestment in securities It is alse well known tAss
r n,L ,os notes. having few months to have been
r ~ the Southern banks at par means Of remittance
;. N York in order draw against Some Of these have
-. odd; but them have been retained a. the Aoide
.re not willing sell at the present market rate ih mas
licked up large Of Southern funds The proceeds OF
the credits obtained BY the o. s. Bank at the South have
zone to nstitut specie The continuance 81 s
DRAIN caused the Commercial Bank Of New Orleans, en- the
OH ntrant TO the of Northern exchange from to
,er cent at sight on New York The probability is that
efforts Of will be made by the leading Southern in
tutiop. to preveat the Of SPECIE especially
a the crop will be far forward to give permanancy
to the equalization Of rates
Florida one Of the points from which difficult to
obtain fno and against which the most complaint has been
directed appears however, from statement lately publish
ed Nv Col Gamble that The Union hank mas furnished ex
change to an amount exceeds over and above
te value Of the crops Territory for the last five years
The Of raising the capital Of the bank by sales Of bonds
furnished three millions of this and the other two mlos
Of derived from the payments on account
az the Seminole war; The bulk Of these made
in United States bank post notes. These notes we're sold by
N, Union bank TO Mobile merchants at premium Of
II per cent by them used Of remittance
20 the north These Of exchange for Florida have
both now ceased also rea have the imports
ofe territory The demand for supplies for the army has
ceased and tie important deman for payment of the
slaves imported has ais, been diminished The future there
FORE ho,ds out for Florida the prospect ofncreased
and diminished expenditure Time Is required however, to
settle the balance incurred at the north
At the West and Southwest the action Of the
der with regard approaching land sales is beginning to be
felt, The following notice given at the Iowa land Office
one the 29th ultimo
BuRLroroS-The Receiver Of Land Oce in this place
payment for land geld and silver bills of the bank
Of the State Of Missouri and brasches, Bank Of Mineral
Point w IT, Bank Of the United Stae' and bills several
Of the New York and Philadelphia banks.
This order has caused great restriction in the issues Of
the Banks in Indiana Illinois, and the adjoining States
The system Of advancing prodace has been, in great
and the banks conse their operations
to the purchase Of good bills St. Lous the latter place
serious change effected in exchangeEastern bills could
not be any price, and great fall in produce by
reason Of forced sales, effected At the time all
balances due Northern States demanded specie
An amount Of $4,000 taken up the river payment
Indian annuite As the difficulty Of procuring Missouri
money very great that part OF the order amouut,
70 sspecie circular" The recent issues Of the w. s.
Bank SIS the amount OF s. GEO. having specie
value affixed them by the land Office stamp" will be the
chief medium Of paymeat and serve as protection the
specie Of the Western Banks
The operation will be, howe TO reard the crops by
crampns the abilities Of the Western banks, to assist the
traders farmers The Of many the banks at
the South and West, appear to be influenced greater
degree the fear Of foreign demand fer specie pay
en Of the large mportatons OF goods There is not
however, any sufficient ground for such apprehension. The
quantity ogoods arr here indeed large here on
manufacturers chiefly and paid for until
purchasedaD which depends the of the
crops Therefore although the supply goods the market
Is large will not influence exchanges until the crop gone
forward, and furnished an ample supply Of bills.
Sales nj the Stock Exchange
s. 500 Corporation Bonds $3.50 Unite States Bark
l02 100 so do 1924 bl0d 50 do bod SO do IO3
NV 1921 30ds so do 1924 6ods-50 Phen 40
State BIZ 9900 do Farmers Trust % s60d $3.50 do
Bk OF Com s5 so do 9iI20 do Amer Ex Del IInd
ga $50 DO ga rs do s} 405 do 64 IS sSOss
70 10 so0ds, IS do oSs Diods
do Ohio Life Trust sat As do cat 10 do q3t-l5do Nh Am
Trust 70 30d 100 do 60 60 do COT 100 do cot
rs do 60i IS do o0 ssd 81 do 60 10 do 6050 do vckbg
8la h3Od, Is do b30ds Is do 3 sl0ds7o do Kentucky
s 50 do IA ss0dl2 Mer Rx CO.'S do Canton 2s-26 do
Mohawk SAL 25 do 55I b30d do 54 rs do IS 3Ods2s do
Bost Prov 90 do 9ej b3ods60 do stonngon $50 do
Har as ssods $50 do 49, 80 do Ae 100 do 4Sa 90
do l64 tn $50 do 46s blsas, 200 do 46 sSods.