Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-10-21
vi q N EN- VA a Ek h n II.
sunday, Oct 2O-0, r. ~.

The liverpool gone and wh her the hopes Of the pecu
to that suspension Of banks would have been effected
BY the specie which il has been hoped would be drawn
go by In the stock market it was, usually is
the Saturday, settling day, aad the Dc perate att,mP,
Of the to force up stocks aided b, the wants
Of the shorts succeeded alyig fancy sto ks Of which w.
States Bank and IL improved ~ per cent on the
close Of Friday but still per below tn, opening Of hat
day-North American Trust Baking Company improved
per centstate Bank declined per centAmerean E,-
change per ccuSionington per cent Har EN- ptr cent
Utica x Schenectady per cent.
Money very scarce, and the pressure among the
merchants very much that but small amount
Of exchange sold and the early the day fell to 81
per cent and good hour bills. than which
better sold at per cent This reduction did not
any very large amount Of transactions, but ectua
prevented any large shipments specie The Liverpool
red out 500 600, OF which $4,000 account Of
Cirard Bank Of Philadelphia. Thus has passed the
heavy drain which expected TO break banks.
The institutions pursue their way steadily and discount
fair amount We know several firms who have had 3s per
cent offering. Tor discount done Zoe them during the
past week Yet such the increasing demand Cor money thai
the presue yesterday than has been known
for long tine This will drive the merchants into
asn. their southern funds the expense
United States aux bills generally refused at price
Yesterday H. other money there material change la
domestic exchange there anything doing Some Ph,a
aepha paper exchanged Cor Mobile dollar for dollar ~
offered MEXICAN
there no demand for specie The Demand for money
increased the fact that large fell due
OF tea sales Towards sclock red back money sold per
ceat discount.
Tie cry Of failure is re-echocd fo every quarter Of the
sost. The ager.town Bank aud Washington County Bank
tMd have suspended specie paymsn,s Three Of tie Pits
burg Banks have suspended, viz the Branch Of the United
State. Bank the Aarueters' aud Mechanics and the III
change The Bank of Pittsburgh At the lat ad,ics con,n
ued pay ,pecie. The circulation Of tn Pittsburgh Banks
about ssoooo The rstessurgh states that the
Nsrt Caons Baats have suspended specie pay Gin
cippst into o great excitement
suit Of tho Of the suspension in Philadelphia stated
that il Is oftae Commercial Bank of Cincinnati
susp nd the payment Of Gle under any crumsn
ces II Iersps d that the Ohio Life and Trust Co.
Suspended aaj that the Frnkn aud Lafayette Banks have
deferred 6ual ac until they shall have received from
New York appears that IL. u,pcnson in Charleston
usi unaninou, The Bank OF the State Of South Carroll
and the Bank or c. aeton concurng in the mcasur.
viii coau.e 10 ray specie. The Bank Of Virginia sni is
branches have suspended The Exchange Bank OF Rchnot
suspend and the general law make, the parent
bank all the branche. responsible BY orfeurc OF their
charters Cor tn failure Of brarch The Banks Of New
Bruins vich Csn, Cumberlnd Burlington, and all IN
Yves side or New Jersey ha susp' aided letter from
Rochester, received Ia th, city today state that there every
pend days The following table Of 4 ths Macon
banks shows strong position having nearly dollar fcr dollar
Of specie 60, circsation;
or the condition % the Msarvs aSp Fnx ISsun.Scs B,SK
and BRascn 5ssx, At Macon Monday oct.7, 1889.
Issb1f