Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-07-11


Discounts, III 4oo
Special loans, 403O
Circulation rt 23O92
Capital paidin s42s Sso
Due from Banks 1926
Bonds and Mortgages, 1850
Discounts, 1856
Arkansas per cent bonds, IS 900
Deposites, 32l7
Circulation 1890
Average circulation for year, 900
is stated the western papers that the receivers at the
land Offices will longer receive the notes Of the Illinois
specie ST. Louis bank notes the only
ing land that section This caused the banks Of that
rapidly cura their business in order to avoid the
growing demand for pece has New York funds be-
throughout the south and shat great difficulty
peenced the part Of the different institutions in providing
for dividends which have been declared payable in New
York.
The specie circular which mentioned yesterday having
occasioned Wall street. from the State Bank
other Of the city banks with which accounts are kept by
the country banks The State Bank general agent for the
redemption Of the country bils occasionally has balance
the banks turning to them the bills OF
the respective banks whose kept with hem This
balance they specie. The bills sent back to the
issuing bank and the city account made good BY resue-,he
operation being repeated BY the payment of the stipulated dis
count per This will continue unti the 27th when the
city banks to redeem at which time final settlement
be had the result of which will be at least knock
Their prop from under the peculaors and restore healthy
equalization prices, The country banks may live through
the storm, but the event is doubtful. fs far
In all parts the country the symptoms manestns
themselves and all crying point reduction in
prices which must fall to which will render the
exports our produce Europe profitable. such point
reached before the demand for foreign manufactures forces
change above the specie point outward demand for specie
be avoided the continued dullnes OF the
foreign stock market England and the United States
both commercially to be in the critical position each with
mismansged currency and falling markets In such position,
that country which first reaches the crisis will the most
rapidly and at the expense of the other Should prices In this
country reach point which will admit Of export,
abundant harve may assist to specie asd
regular and healthy baskerville pur
Of goods in the English markets being made at the low
point, Of depression there greater supply will be had and
less balance created against this counry than the purchases
made in rising markets
From the Of their transactions however, the
recovery Of banking institutions necessarily be slow,
many ofhem have involved themselves in stock ransacous
Tempted the supposed activity Of the English stock market
they put themselves heavy advances
far long periods at certain rate Of interest," hoping 10
make the sale foreign markets, and realize TO sper cent
by operation The % the English market
the Of the movement and the banks remain
with their active capital beyond their conr. and that not in
the regular business channels but devoted objects which de-
press and derange rather than promote The Banl
OF Commerce instance OF this That institution started
with high promises and paid up capital Of five millions
Among the very first Of its acts to take New
York Canal loan. Was this appropriate act ola Bank
of Cemrcs did it assist trad.f Let the cramped
chants answer But this Institution does stand alone
stock brokers' many others placed in the situation
neither advance funds to the obbcr furnish
change 10 the Importer and the United States Bank the
only check by which specie kept the vsus Of banks
The agricultural interest may suffer in BY fall in
prices produce but yet they have not felt in grea: de
gree the revuson which took place in 1896 and 81 That
event involved only the community BY the ope-
ration Of spectators and speculative banks prices Of commod
tics have unn,turay been sustaned this has gone into the
pockets Of the farmers who have Their fsre been disposed to
treat lightly the complaints Of the merchan and experiencing
themselves loss have been inclined to lsok favoraby the
acts sfthe The forced action
Of the bank. price give way, and produce find it,
level b which operation the revusu first finds lis way the
sgricsltus interests Its effect politically, may be the
among that class the in the Cities In New York
administration lost the city and finally the state the
financial difficulties extend smosg the agricultural Districts
like result may follow and the crisis marked by political
change in the Union.
sale. nj tIse stock Exchange.
so Pssk Of Commerce looes do looi6 Bank Of America
iIsgc-5o Phenr Bank osf7 Dry Dock elt7 State Bank
1850 North American Trust and Banking Company 1913
do 74zams7s 15s3-50 do 7525 do 75s302s Delaware
and Hudson 6eos IS DO seseso do 6etsso1sdo 6o2oSo
do loo do 694s3O50 do 70b3els7 do 69sb35Odo 6e
Trust l0s350 OHIO Life and Trust oo6070 do
9olc-5s Bank Ii-50 do ia ithAug75 do Iisi HhAue
AS Bank sf Kentucky slnw-loo do slb3c25 do soaeoo
do so3b3-2s do so,sso-2o Fire 1910 New York Fire
ns 1910 Eighth Ward $40 Seventeenth Ward 6sc2o
Merchants 6s-2s Canton SOLO do 3einw-2o do s6c--ls
do cio do s6nw2t Mohawk 6lbams-2o Bot and Prev
0s42s do l0Sl5 ston n6ton 25i-50 do 2515 do 25325
Do asibsoio DO osl2o do 2sic2o DO as2s Harlem tse-