Morning herald., 1839-08-31

The table for 1895 presents the utmost regularity in both
foreign and of exchange In 1887 great hucu-
aon apparent The system of open credits In England
which had dsr year. served to accumulate such
Of the country had been broken
up by the action Of the Bank of England and the balance was
paid by shipments of specie. Of prosperity was
attempted be begun by borrowing in advance Of the
crop Of waiting according to the advice OF Mr. bdde
until crop should realized Stocks Of all kinds we're sent
Europe for SALE while the southern banks flooded the cou
try with post From inability to sustain these Issues inc
through These operations to snate
prices to enhance the balance against the southern country
the rates Of exchange in the table indicate.
The United States Bank longer interested national
institution il preserving the uniformity eo exchange, has
sought only make money fer her table Tor
1899 therefore presents great price, according to
Tie depression Of the currency the demands Of trade
The point reached however, when had the direction
q Mr. Bisde always sady but not resuming"
been rarded the would have been uniform prices
low and equal country free from foreign debw should
have epened,he ,car with large crop and all the
banks IN a sound couaiU. .h expand simultaneously.
The result was, hive The New York banks
sumed and have ,atng, like the tabled clown
the bank of the rver by. During the
time Mr. Bidse boldly entered the cotton Market
red successfully through brilliant cotton speculation sup
Piled currency the south when their longer in
credit has for three months back supplied the merchants with
~
and has settled the years business concentrated his
in specie in Philadelphia and ready large bu
sines with the receipt Of the crop.
Oar New York banks, which have been alarmed at the
drs for specie have been qucted by Mr. Dunop statement
that he will not for Fhe Boston Banks TO
have participated the alarm which has grown entirely Of
the sectional prejudice and of harmony which exists be-
tween the banks Of the different cities IL all the specie
to to Philadelphia all be New York.
the financial centre the would beneficial Specie should
where il is wanea wherever that may be- Without
uniform action and perfect harmony there be uniform
cnrrencv.
The position Of affairs is new more favorable than ever
Prices very low, the currency nearly uniform. The
Used States Bank evidently position take the lead in
large buness and the other banks fully |. condition to
follow Whatever may be s condition Of Epgand she cannot
prevent large business being done in this country
mencing with the appearances Of the new crop
sales as she stock Exchange.
50 shares u States Bank 10 day. 107 do lJ7 so do 10
a. io7 1861 IS do l0ess dc BIZ Commerce s IS do
do Del Hudson wk 6oi 50 do 10 days 81 100 do os
90 do co., 200 do Co., IA do o6t 100 do 66aso do An En
change s so do 800 do North Am Trust o. Ala do 63i 90
~ 6S do 30 days 6l2o do Mechanics Blk Ass 500 do
Acourg Bk 30 day as 30 do 80 days as 80 do Kentucky
5 2s do 30 days Sc 90 do s5ll do sosnson ~ 80
do ai do 90 ds IS 50 do 2a l0eo 2ll5o do Harlem
next week a6 day. AGA do a6 s0do so days
4s-s9 do Utica lis, 30 do b 10 ds ii5. - do ii5.
STATE or TRApr-The incemency ef the weather to-day
the transaction Of much business The
markets do present any material change The following
extract from letter dated
Adair County, KY. Green River,
August Goth, 1889.
In the countes around Ao.ir, Green RUSSELL they
will third Of CROP Of Corn half crop
OF Tobacco The spring bsld, aud renehed great po
ton the early Tobacco, and the late plantngs will not be-
large enough to be worth cutting la sarrtn aud War
rem, the crop Of Tobacco much injured In Logan
bu, than in the other named counties. am informed
the counties OF Todd Christian, aud rrgg
raised this season. will fall very stort Of the anticipated CROP
Our hogs will mostly be driven to Tennessee faten where
be had.