Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-08-06

49,. r. .x.,,. -. very apparent the Stock In.
TO-DAY where small business was done a. ..
cent on all .aes from the rates u Saturday DsnN
Commerce declined per cent? North American irS'' ana
Banking Co per cent; Delaware and HUDSON Co. s'
Ta-u. T,, Co. per cent? United States Bank per cent
- cont. Bsstsn and Providence per cent; Har.
lem per cent -, Co.
% a,e, were very firm at the close and for Bank 81 Gem
c. and United Bank offers we're made Tor more al
,b same rates by Co., BY whom the bulk OF the cash
ha.e. were made United States Bank stock at the pre-
cent rate is the Of remittance to Europe
The Butchers and Drovers Bank have declared dividend
rive per cent, pay able on the 18th inst
The Providence X X four per cent Payaoe on
and after this day.
Money was never in Wall street than at the
present time; per per month has been offered today IN
the street security Of State Stocks and the requires
could be commanded. To this difficulty Of obtaining oah'
may ascrbed great fall which has taken place In
today The banks becoming still more cautious ~ '"e"
discounts. and capitalists wary in their loans ihee
movements both the and effect oil u pee"ou'
condon of commercial affairs The operation IS never'he-
less exceedingly wholesome under the first influence Oh inc
policy the Banks stocks were the hr 70 a "
prices II was until the state oil AFFAIRS ~ h"S'
WINGED the sangune this side oil the "a'er' ~ ~ "
NM could be expected for months at least a Pse "
commodities began to feel the shsc" OIL inc rese P''
hc the current of forced upon the banks. fces
h,,v clI 10 certain extent and have remained since
,,;on,rv in The hone later would remove the
acting causes This hope has been dispelled ana Tie
ton Of events rapidly approaching; recent sh'Pmeh nave
reduced the specie in this city 20 per cent IooA mas
70 an extent which the South very uncertain
The sound banks of that region are rapidly crtahs "e
business creditors pressing upon all Tor payment
produce find purchasers and the low anu '""s P
al which il is now, next to nominal
This mpractibty Of realizing commodities renders
one settlement and the demands Tor settle
mens prssng sales OF stocks are tAe hs 10 eVnce
their urgency the great decline OF today so soon as ~
resource fails further decline must ensue Ia prices oil M r.
chapd The this point reached the better LOT until
that event no favorable turn Can be expected
In England progress of events tending
10 the same point The elements of recovery are already IN
,o.,;on Cotton has cached low point which will enable
their export The harvest " sum
GENTLY promising to prevent further imports Of graiu and the
arrival out of ae quantity specie which left here on the i
inst will give great encouragement to con"ece 'ne' anu
create some relaxation market Time IS required 10
perfect the operation Of all these conflicting elements anu
store some Of confidence the Mercantile world Two
or three months elap,e before great return oil ACTIVITY
can be expected in general trade
su,,.. nj the stock Exchange.
shares INK 99c LIS do 9Ssc 100 do ssssoo
100 sh Ward e6b6s; IS North Trust Banking Co.
7A,~ "a do 7Ie do 7423 Mechanics Backing Association
sol-aO n Or Casa Baking $3.50 Delaware Hudson
6s "a do 6 % do 0SlbSo 90 do tss3 70 do eotw
Is Farmers Co l05c-ll9 u 5 Bank lotc % DO Vto
o. d Io 30 y,ck.burg Sl3-2l Bank OF Kentucky IItc.
o. bslb3-ss 5270 Boston Proyideac Ri
IO 10 do 1908 ~ do is04 80 do 1903 HsrEn MY aoso,
so do 46s 90 do 46Stw rs do 46tc-5O Utica XIX
do III btw.