Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-09-02

These two sstsnsns show IN actual wealth
country Of SEQ go and decrease in banh m
dsstsdsess Of s0o0oOo at the time there no
immediate demand fer payment from abroad The ssns'
have good stock Of specie hand ana their
cuation is less than it has been since 1884
Large the stock of specie this country, there every
probability that the will be still further increased "
the crops shall be fairly in the field We nave
that sterling exchange below par The probability mat
the supply Of exchange furnished by the new crop WI" DC "
grsat the demand for the payment oil the
ported goods very slight depression from the r
would however, divert the large sums Of com wn'ch 80 20 ~
gland from Mexico direct the Southern ports Durng
the difficulties in Mexico export Of specie was in great
but in former years has been the case
that in New Orleans depressed below per
cea specie flowed from Mexico, and IN the Tall oil 1884,
when general position of affairs was similar TO the present.
exchange fell per and S9OOoooo arrived at New Or
leans from the South American States This will, without
doubt greater or less extent tins a The
coin from Mexico chiefly silver and therefore comes mere
Immediately into general channels of crcuatisn and is
less liable the country than the valuable metal
of which the supply abundant We will here make COM
parison of the Banking whole union for the
three past years.
Situation Of the Banks Of the United States for hree years
1887.
Loan, and discounts saSI57ca ereulao, lag s9 ss ss
Capital, 290,72,O9l, dePosies, l27ss''ioo
sl5ss779s, sa7sssa,s75
Specie on hand, 379I5,34o
o about Is per cent. Of their cash responsibilities
1898.
Loans and Discounts $751; circulation l16l79 $40
Capital, 3l7,S7677S, deposites, o4'osi'io4
500 ass 465. 5000 $50 Os4
spece ON hand 3S,l64,ll2
about l6 per cent. Of their cash responsibilities.
Capital, $4,000 600, circulation, 100 Geo 600 O,
Loans 4S0.O00,OOO, dePosites, '1,oVo,ooo
$4,000 GOO. Sl72OooOos
Specie on hand, 43,Oooooo
or 25 per cent Of their cash responsibilities
We are then In s,uation with regard to real wealth and
the ,oundness banking institutions to which the nest
prosperous time. never before presented parallel
The arrival Of the Great Western which may be expected
On next looked forward with much anxiety to
know what the Of the markets to which the prcp
portion Of the large crops to be seat lot
sale The but be benecia either corn or cs
ton must be IN demand and surplus corn crop already
equal to one fourth CROP and therefore an I'M
portant take into consideration In any event our safes
abroad Of be large Another oanxety the
fear that the stocks protested hills &c to large amount
will be returned and much embarrassment we DO not
think this subject demands the Importance which IS 70
it. The bills will undoubtedly back but they Will affect
but crcumscrbed portion Of the community The contract
cd noston we are now in widely different from that in which
the summer oil 1000, Wheu 'asbJ
and business struck down by the movements Of
the Bank England and that speculation which had reached
every department in life suddenly stopped There has
now speculation except in produce and that has been
gradually checked that but few failures have grown out OF
the immense loses which have resulted from it.
We are now with contracted currency, the banks have 20
per cent Of their immediate liabilities hand in specie To
meet debt due banks Of $50 millions the people have Of
crops and specie and demand against the banks
fo their circulation oOo making surplus of $780,
100000, with which to pay their foreign debts
This is the position Of affairs, but there are some causes
which will retard for weeks, any general movement
among which the unusual sickness prevalent in the Southern
ports This will keep back the crops little tme also
requisite banks completely settle and them
selves 90 far as understand their position, and form some
plan Tor harmvny action These will retard the bu
,iness Of the year, but will diminish its amount.
Sales Of the stock r Exchange.
IS share, IT, Bank l06 % do l07 bi0d 20 do leot2o
do Amer Ex s0a 10 do sl50o do Corporation Bonds e7-
2os do Dry dock s6o5 do l0s5 do North American
Trust 6 10 do 6 do GO b30d 100 do 90 5000 do IL
Ino. 1890 Delaware Hudson 81 100 do 67A 6lods 70
do 67a b3ods 100 do 6 b5d % do 67 b0ds do OFT 20 do
67-35 do Ohio Life and Trust % de02o do Vcksbugh
Bank as IS do ash 100 do 3ji s60ds % do 50 s9eSo Ken
lucky I'll u do ia 0d 80 do 77 100 do IS 9th Septl0
do Canton 3sl 20 do 80 b60s5e do Mohawk X or oo
do Sc nw d. 2 so do So snwl0 do New Jersey k
se-s do sonnuton X 2 20 do 23 % do 23i so do 23
3olsi0o do Harlem r. T. a7t bnw. ITO do AT 100 do at
bnw do Az ,30ds 100 do AL rs do AT 20 do AT
NV 80 at slods - do AT 90 do AIT s0d 50dS AT s3od
so do a. ty, rs do as baol.. 100 do AIT siods