Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-06-24
LIABILIrIE.
Sl4,4sS,702

OF the notes and bills discounted there is due of the
2i3 90 and payable in the state ssO5s7 3d.
OF the circulation there h by the banks $3.50 49, and
in the hands OF the public $2s3s el By comparing The
above with the made the Sd u, find that the
SPECULATION increased Sia3-the specie augmented
SCI $40 the depoes including dividends unpaid have
been and the loans and discounts reduced
f47 ST. S.
The commercial monetary affairs Of this country
never before perhaps such curious interesting and singular
condition thy The wild and unoly transacsns
OF the have been checked in mid by the
ar healthy action Of After the terrible and
rs,uon Of and sa7 clique peculasrs mier' and
the like commenced mouopol1ing all the grain upon which
they could Law their hands Thi, gradually increased and
panded till with the aid Of banking capital they begun tho
monopoly Of grain pork cotton lead and butter This bush
ness was enared much that nearly every bank in western
York and Ohio, together with the State and Exchange
OF this city engaged furnishing TO carry
the trade and far year and they seat the price Of
every description &C produce to height but the
Action of nature win cause greater and terrible revul-
Son among them than before known The great dis
rupon the commercial world in 1886 and 1887 created
by extensive trading and the action of the Bank Of Eng
land in throwing dscredt American bills and drawing back
from this country her Golfers immense amount Of bull
lior.
The revuson which will certainly witt portion Of the
United States months have passed. will be entirely Of
different from that Of 1895. II will be brought
by superior anil greater power than that which created the
troubles three and one that and will
regulate mercantile Of the whole world aud
place and solid foundation There black
cloud the horizon that increases every day. and
threatening aspect II hovers coustry
Iii extends III, entire States Of Ohio AMI New York. and
It's occasional multcgings already heard.
There arc this moment upwards of sion, COCO in
prolsce OF all descriptions Of the old crop held by these
specuao u purchased the time whea prices ranged
very high and since 1t bought they have declined fully -
per cent average Thus already the holders have
reneed S25 100000 Had hey let the four grain
cotton eguar course and BY the aid Of
banking facilities kept locked sr their warehouses, there
would not the black spcck wsics plainly vis-
bic from Wall street. Coentics slip and throughout the south
aud Nor wosd the cotton trade Be ia such condition
H Cor brcadstu would have been shipped England and
tsst country regulated and placed better
position Coin would have been the continent for
grain the prices of breaus the United State. been
down eir proper level But Il is the Bank Of England
has raised the Of steres hrowa discea Amere
securities, and therefore depressed the Market the
dctrimcat OF all the soueru banking institutions Coass-
queny the econ business has with anoh
Our banks. seeing the impending STERN the whole
cou.ry cuaing vigorously Every branch Of business
l. less cramea consequence and the prices OF FRO
duce rapidly uablns ds~n All signs Of wild speculation
and unhoiy traffic in the great and important staples Of this
viii disappear be corrected by the omnpotent
eerrecor. II will ofcouse take time and fall hsay
and terribly the speculasrs, but will result sencs.
cay 10 the country. The banks will suffer much, Cor
BY the they have adopted they will be affected only
short period. The operations and Developments
will be hight, interesting.
Sales nj the stock Exchange.
so s 81 Com l0Clnw, so do lOeI 90 P,eux los 30 pv
D1ck 100; 10 Am Blk 49, DO 1880 Is dc IA 40 10
~. no. Bk s5l 80 DO s6seods, 80 DO s As DO ss
Del Iud 7IlbiS Tic las do 7.sso 70 do 7Inw. ~
do 7 10 a3 % 10 7oio SO do 7oa.30 40 7O3c 22s
d. 70al0 do ols5o l95 v t6 100 do asso DO 1890
Etna Fire Ins Co 1910 Am do llogsth Ward 7Sl-
10 do 75l5 Ner Ex GO Canton 3sic-10 do 3st-n do
ssls3-20 do 3s4bi5-lO5 do gic,5 Hsrlem soacaIb do
30jc275 do 50sc}50do 5osuw5o do 5oabnw-50 do b3o
50do 5oicI50 d. Os60lbo do sole 100 do inv do
ooic-io0 do aels6ms--s0 10 5ih6o-ii Utica l2ll
Cotton Trade.