Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-05-14

Monday, Rxay 1875 p. M.
,ph; hss been an excsedpgy quiet day in Wall street
stock market has been quiet sales nave sees
moderate without any great change in rates.
on declined per cent q Bank Improved per cent HE
ola city bank very firm in their prices Sales Of The
Rank Of made at - per sest Prcmiu which
as sgh pont as has been touched stock for long time
Tn all foreign and fancy there however disposition
TO reed sterling bills for the packet Liverpool which
has detained ua by head winds there has been
fair business done the demand good aad holders are very
firm at Of cent? houses refuse to sell at that rate
Same sales bills have been made at 81 cent pre-
iuu The rise in the may be ascrbed to the CONFIRMED
operaon of nsmber ofcauses For weeks there have
been very few sales Of American securities in England anu
msdately prior to the departure Of the Lsepooi the SAFES
of cotton were also limited. The means Of the drawers
have thus curaed while the increased demand lo %
has also result of the same primary causes
scarcity Of money England caused orders to De received
h ctv bv branch houses and agents. to remit TO as great an
extent as pose This the princPa! cause OF inc
for exchanges ii has also been ts
for bi, from Of furthsr rise Tor the On
Saturday next s'h s.t =.
Of this nature have tendency to casse scarcity
d money The mere that exchange already at par with
, ~ further rise causes sensitive capitalists to
ha Our banks are ready willing to discount short bu
suess paper but be disguised that the real estate
soecuaons Of 1876 s hang the Market and IA very
great degree esg that freedom Of action, which would other
wise be more apparent the part Of eur institutions
Large amounts estate held BY persons who seize
"eup in the prospect ofaaars to drag uno
real estate and attempt force the Market on
der the advantages and prices which were attaches
AZ Il at the time they involved IN it, Of this nature ~
the property styled East York. which is occasionally nrad
ed the public shape Of Autographed Cities ancfu
" laid out BY appetite description OF what pos
bls may history century alter Mammalian aao
has reached the extent The prospectus
uactNr
sate prosperity that trade consumption are so
far ahead Of that the operators are m want Of
nothing but roomo pull down their barns and build
that country bare Of goods and Overlooking with
money therefore states mere matter OF course that
blocks whole be erected and leased to nanuac
urers of years. at rate which will yield ten per
cent on the nyesmen gravey calls uron the public to
invest their surplus capital this notable adventure lE fur.
herance Of project where is proposed to locate this new
Manchester Birmingham as il 10 somewhat acenously
called As maer Of course, says the stranger on the line oil
the Harlem Railroad within minutes ride Of the heart OF the
city, where the operators will have their choice Of all the city
for the cheapest living the warehouses
Of the merchants all Loyrs Of the day-where manufacturers
can employ the poor children Of the city at reasonable rate
and water be had with the factories at all
weather. for the transportation Of the merchandise
direct given point at cheap rate Bat gentle reader
this the The plan is, to So ve miles up Long Is
land purchase certain number Of barren farms laid out in
building lots little than lots on this Island were valu.
cd al in 1885, said farms tbs future Manchester of
America
II wild Of this which the ruin Of
rular business The community has scarcely recovered
from the greatest reyuon Of modern times brought
by the Kind Of mana panperea by unlimited issues Of
paper These real estate operations naturally the
closing Of the Of speculation IL not until
money very plenty that this description Of property be-
came the favore and thereby fastened the explosion Real
price The circle Of operations in trade naturally produces
this produce plenty and confidence exists any
great extent the community the banks expand it, the
prices rise bank money becomes plenty The farmer IN
hi, expenses his become enlarged-the demand
for merchandise therefore uereaestrads the cities
rly expands becomes Neutrality-suspicious. extend their
factories a. Business becomes betterthe cities become
crowded rsin long Of prosperity
pus capital accumulated above the wants Of Business and
competition for investment in real estate the rise Of
rents paying better interest than formerly Then it is
that advances in price, asd sales made TO good
advantage Aswe stand in the first stage Of this
eee We have good CROP ou the bank, have not begun to
espand--msney worth per cent month in Wall street
There surplus capital THERE'S demand for Increased
facilities far from many branches Of
ie,ar already oveosewe will instance that Of wcoen,
particular The attempt therefore get up real estate spec
ulation such period, prpoterou, the extreme, and
could only been proposed BY those whe wish eap
tai rather than invest surplus.
There doubt Of the fact that increasing movement
may perceived the Improvements going in the suburbs Of
the ey several OF the squares progressing gradually and
uptown lots by Of the extension Of the Harlem Rail
Road becoming valuable This H. however, more an
CONSULTATION OF values caused by the facility commusica
ton tina. the OVERLOOKING Of business.
we learn from Montreal that the Governor General has
.ucted the collectors Of Her Msesy Customs the
notes Banks authorised TO suspend specie payments
payment upon goods about to be imported until the
LIT OF sex provided that ten per ees, additional
lodged in their hands, security for u redemption Of the notes
in specie within ten days after the first Of Jsse next
sales mt the stock Exchange.
&c Bank Of loss Bk Of America lt-9o Phe.
nv Bk 1880 Leather Bk l13 Mechanics Bnkg Associa-
lion $40 Illinois $50 do eib3o-se Del Hud 19ls3
so 40 -eltwso de 7ei00do 79nw5e do Ielbsso do ut
,ao-75 7oI-s0 do 79stw25 do 7aib3so do 7oab3s50
40 7qib3o-so do 7eibis-75 Ohio Life Trust o63ao
Bank ll625 Bk Of Kestscky sssh3-so seveseenh Ward
T;rs lssurarce Co 76ss de- T62s New York Gas Co 1885,
~ Paterson $50 do 67ilo0 do csbs030 Boston Provi
a.nc. fo7i-lo 40 I01l5o do Railroad lol-25 sonmg
,on do bSibtw17b do bSstw5O de