Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-06-07

,late va, nearly double and being stimulated oy tns
land peraons the loans kept pace with the increase
,a but al the period Of suspension, these BANKS
generally than dad the Southern Dank' M
ortion Of specie circulation was SUCH thar
M have been imperative their part but for the great
sa e. .cie then existing in the Eastern States, where
49,, balance was largely against the Western The banks OF
that section therefore exposed to the Eastern runners 80
long as specie was at premium
The specie circular ALSO by discrediting bank paper bore
very hard upon hem and had they continued TO pay Out specie
under its operation the circulation would have been entirely
turned pon for coin which would have found ITS way
into the Golfers be discussed in other and distant
States leaving Ohio without any currency, either Of coin or
paper This, a time when the people Of Ohio owed
Bank debt S50O00U0 for which future growth Of pork
and grain the of payment would have produced
unexamped distress From January, 1887 to May 1885,
appears the increased S50O000o while the circulation
decreased S7oo0OO and the specie decreased sooosO and
the same 81 600 900 of deposes were withdrawn from
May to December of the year, the loans were sun IN
100000 and circulation and depostes decreased
0oo-he circulation being returned upon the banks LOT
exchange the high rate at which u heh s'oou'
The noduce Of Ohio goes the Ohio and Mississippi r.
vers and snds market New Orleans or shipped thene
10 northern or foreign port The manufactured goods wc
arr consumed in that purchased in the New York
-. hocs the balance Of trade usually in favor Of
work and against ~ Orleans and Mssppithe return goods
~ these states being chiefly comprised in the sugar and mo-
furnished from NJ OrleansThere therefore from MIS-
o constant demand for specie or Eastern exchange-he
latter is usually preferable but in the position oil the trade
and CURRENCY Of state set forth by US lately II e
dent that neither the the other can be obtained pre-
sent The sales of produce therefore made IN the depre
caed currency Of that state at proportonabe prices Al ~
Orleans at present. sight checks New York are selling at
Il per cent prem The western dealers therefore demand
snecie which has plenty in Cincinnati and Is now
selling at per Ct. prem
snies at the stock Exchange.
,l5 Rank of Commerce. iolAb3 50 do do lOllsSo 20
MECHANICS Bank lO go do do l05b3 80 Bank OF America,
los so Phenx 1905 so Dry Dock 1925 SO do oa 20 State
~ NYork 1881 As Am I. Bank 50, % days 20 do
do do do sou is do do 80 80 Del Hudson, 73 20 do
do IA SO do do 73 ds % do do 73 opng 100 do do
73s NV 200 do 73 $50 25 do do ~ b3s 100 do do 7s
i2s do 7s bl5 25 do 3 $50 so do 73 opng % do 1874
bso SO dosg b2o do 7s $50 SO do do ~ 6e d IL Ohio
L. T. lo4 60 do do do lo3i 10 do do do loss 70 Am,
r. 9o3 ts vickbuIg, 53 % do 81 81 ~ bank OF Men
t,cky ss b6o 10 do do ISL 25 do do ssc 40 do do 80
10 ID do do ssE 10 Merchants Fire. los 25 Manhattan do
Ios 90 T. States do l07 10 fna do lis 90 East River
DO diy Off GAL 30 do do o5 20 Hudson do so 70 Man.
haitian Gas 81 2b Caution, Al % do AZ thirty days
SO do do 4t bis do ~ b30 % do do A. 2O 10 do A
2 Mohawk s3 bs do g. IS do $500 Paterson o. So
do 33 100 do $780, do 63b3, so do 63tb3 80 Boston
Providence lo5 do o5tw 80 New Jersey go ms io5 do
eo57 sonngton 3s 80 do 32t3 20 do 32ss 70 do 32sS
10 40 49, 50 % do ss ba9 45 do $3.50 Harlem ss
g. 100 do $780, do 5iss 100 do 543nw 100 do 546e % do
5aSsnw, 325 do 55bSo, so do 5lt.