Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-09-07

wouEY M A n X ct.
- Frrday, sept. Sc p. M.
... Al the Board Of Brokers today have been rather
than Yesterday and prices generally nave oeen
Amer Ex Bank improved per ct Paterson per CT Harlem
e, Delaware and Hudson declined per CT, Paterson
Bills Of the frankfort Bank at Frankfort, Me- are
- vsa NJ the Suffolk Bank There is but little change
J.; M General e atures market Money continues
country money rather increasing in discount and silver at
premium Of about per Ct The relative rate of money IS
best seen price of sovergn which bought by the
brokers cts silver 81 IS in city bills, and ss for
country msney The scarcity money and the Prniu on
silver cause the funds Of capitalist to be called home
and far practicable, in that metal $l69,260 in silver
left New Orleans the 26h for this city The effect is
apparent in regard the London market larger scale
The Brit s packet Hope Havana the 2si from
Mexico, for London, having on board 100000
There great controversy going on IN the W all street press
as existing Each endeavour' to hx
blame according its avore hobby orpotea bias some
ascrbed the difficulties to tn, borrowing operations Of The
others loans tate stocks others again
10 the pos. thrown upon the markets again there
are who rail banks for lending these securities al
the same moment they are blamed other quarters for not
lending more borrowing themselves on post nste Inc
Courier particularly" recommended lately, endmg an me
spec to England and now general issue OF pos
notes waich take it, virtually recommending suspension
OF specie payments.
market produce the present sagnation In ay last the
growing the English ke caused by the decrease
OF bullion the vaults Of the Bank began to exert an I'm
favorable uecs upon prices OF produce on this side OF the
Atlantic At that time series of specuatiens in all kinds Of
produce stocks public works, &c at stand, awaiting
favorable the Engsh market ord that prices might
rise and ami nation once revive The turn whc affairs
took kewever aud prices here gradually c
As the commodities and securities deceased the banks
listS beca
the securities pressing upon the Market increased
10 number until the l4h of July last when they as
sumed according to our article that day the following
shape
Notes Of Western Banks in this city ~ oOo wv
Southern certificates, post notes, &C. o,oOo'o ooo
Treasury notes held 4,ovv wy WV
State stocks held loOoVNvo
Merchandise in foreign markets loOooooo
Total absorbed or inactive caPitn SoiooVV
This the pressing upon the market at that me
pressure country bills the redeem
inc bank. Of this city which had caused d'con
tnuance Of the Since that time the appearance
Of affair. has changed in of the features Money has
continued grow scarce prices Of commodities to fall as the
necessities holders caused them to upon the mar
ke values Of securities have been much diminished ana
been narrowed to points which have caused
drawing redrawng OF specie much Of which has gone to
s su'1p ysiy 10 ls" to Liverpool. sna.7 600
10 Hayre 507 ,447
Total shipment, $'oaA4i
By the report Secretary Of the Treasury il appears
that the landing treasury notes have been reduced near
81 600 The the Western banks have been much
reduced also Southern certificates The amount OF mer
chandse and stocks foreign markets remains to be heard
from by the steamboat expected but the amount OF port
notes much increased and the items will stand
follows:
Notes OF western banks in this city, $l260,O0O
Southern certificates, post notes, e.c. ooW wy
Treasury notes, SooO WY
State stocks, IOO0oooo
Merchandise and stocks in foreign markets. l0OOOoOe
sS2,76o,0oo
This shows that the aggregate amount has been slightly in
and Of the securities somewhat changed
worse the post notes have by which the
balance against this city has been increased This difficulty
the tempting rate Of interest at which those
offered and the system of bosteng pursued in
quare which persons encouraged to invest in
surie the money lent is carried Of those
persons who encouraged the operation, raise hue and cry
Al. .l..aL