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

he Havrs packets near 100000 specie expected BY
certain houses here for the purchase Of cotton should prices
rule low enough their arrival II not the specie w
the West Indies for investment The balances Que 10 inc
western banks In the Atlantic cities now IN progress Of
transfer city The Ohio banks usually On deposit AZ
tAs eastward ofwhch heretofore been
10 Philadelphia From the position Of New YORK; now
profitable let the entire amount accumulate mere
This process going on and for all the Western States
will amount s5OOOooo in the year, at the same time,
Wing the depreciation Of the Western money in this State
the bills Of the banks bought up and invested produce
which forward for SALE By these means the concsntra
New York going with Incredible rapid IT, All trade
all specie here the head OF Sound
point from which will emanate the controlling power
in the future order Of business.
In locking bearing which political affairs likely to
have upon money The legal and regua establishment
Of subeaury system viii probably be the result Of the
proceedings ofthe coming session Of Congress This from the
already ncpisnt Of government aided the
natural action OF trade will make New York the controlling
point The ability which banks have dsplayedin the
crisis will them the public confidence and their
operations will all the desirable qualities off National
Bank chief OF which the great regulating principle The
of the Government such that issue Of
ury notes. the creation Of public debt will mpe.
rv while the payment Of the dues in specie
funds will create such activity Of specie circulation e
prevent the discount Of long paper by the Banks
Nothing but short business paper promptly paid at maturity
be taken by the bark and in this have the pro-
ecve agent against another sudden imitation Of prices. With
such paper the banks may be able sustain without danger
issue of $5to IN specie, which will be fully equal
to the demands of healthy business.
Sales nc the stock Exchange.
$500 Corp Bonds GA; $4,000 do 94 $4,000 d. $500
shares Bank 50 do g. .6o 100 do o7 saod 10 do,
6s IS do $751; nw IS do S. sOd; % do co. 200 do 69 IS
80 s 100 90 s SsO 80 49, 70
b. iossc DO Mechanics, sssS do Dry Dock BANK sa~so
7s 25 do rs s6od 10 do 7st do $50 do Jersey r.
~ 100 do .lo do Utica and Syracuse r. 81; 10 so ss
1884, nw so do la snw-s6o Del Hud, 54j, $50 do 54
ssOd SO do 5 sod 100 do sat sod SO do 54 100
90 100 q: So :iss % s0s DO Ss j. M ~
81 bl5d so DO 3sa l75 do NV; IS do 81 So DO s4 ao
DO s 50 DO 80 6nw do az OSm . do sa SD So de-
on Bait s7-l7s Harlem $751; $50 do SOL b3Od ltO do
49, sod aSs do ST. bsod IS do SSH 100 DO SSH 100 do
so do 81, biod 100 do, s7s, bsodi $50 do, sSi, NV
state Of Trade.
The business ofthe City for this time year presents
usual want Of animation. Generally the last few weeks pre-
vous to the closing the canals present great degree Of
tvy The Western traders usually here hurryng dis
ported home BY the canal and aE. before winter
sets AT this time ao the from the river
who chiefly supply this city with their hurryns
them down to meet advances and them
the city before the closing causes them in
the expense Of storing winter The crisis in the
financial affairs however these matters and
but very few dealers this city The Of do
nestle goods however age and also Of foreign imported
goods; but they are held foreign account The stocks
the hands regular importers small those in the hands
Of English agents occasionally forced off auction
raise funds; bu, this only be done at runous reduction
The receipts produce continue fair al the Western ports
the lake stocks accumuang very fast and prices rapidly
falling The depreciation Of the money the Western states
to be bought and carried back for in
produce Freights from this city remain nearly the
Flour the principal article of Shipment and that for Havre
chiefly.
CorToN in this market heavy in prices and the
stock small the receipts ating There very
small export demand and the principal which take
place manufacturers account From the South the
generally Of langud markets and declining prices
The state OF monetary affairs stated the but many
operating WELL The recent from England
being and also the fact that the dam &c done
by the draught is not great anticipated The follow
ing Is letter on this subject dated
BEAUFORT, q. C. Nov. L.
am pleased at acerainng beyond doubt that far
the Sea Island have been affected the late drought has
not done the harm antcPaed but the contrary that in
spite Of bceve consequence OF the drought heavier
crops than usual have been made this s Heena) parish
and the district generality and that the Sea Island crop
10 equally good Georgia The harvest nearly that
this result 10 On two panat ions three bales
the hand will be made and at least bales the hand will
be the average Of the crops.
Orleans the uRceran position the banks
the negotiation Of exchange and therefore prevents aac
account The following table Of stock sales prices and
remarks at the different ports for the week previous TO the
date Affixed