Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-05-10


Thursday- May 90 p. M.
s.. hssn little reaction in the Stock Market today
e buoyancy Of yesterday Sales have been less, and
IT,, in most Instances apparent Bank Of Commerce
reeedea per cent Delaware Hudson per cent Vck'burg
cent? Paterson per cent sonagton II per cent har
lem per cent State Bank however, Improved cent-and
The Leather Manufacturer Bank cent The relief OF
previously created had the effect Of crea
ting momentary excitement but although financial affairs are
in fair train the has yet arrived for extensive
The banks nst yet out of their diff
cue Inand exchanges still deranged, and time re-
ued the discovered members Of former business TO
reunte in prosperous trade The foundation IS, however,
laid ON cae and looking beyond the ephemera effect
OF temporary fluctuations in the Market the future promises
well.
Plans gigantic scale have been formed Tor the orgahA
ton banking capitanew houses have been anu
large European firms attracted by the lucrative o
ed by an American connection have estaohea anu
agencies the for the transaction oil ou'
ness Ocean has now been one year
and m success as means Of communication with Europe, IS
now no longer problem. England with her vast caPa mas
the pioneer IN this great undertaking. but the naA
c result voyages already made has not been saac
tory to the eaerpg projectors, account Of the enormous
incurred thss far The great anages thus far deri
we'd from the enterprise have been enjoyed by New York. and
,x are so temptinc their nature that not only our sister
cities Of Boston and Phil but Charleston and New Or
leans have projected packs in order to compete
with New the increased business which closer con-
nection with Europe must necessarily create
For this purpoe meetings been held in Charleston to
mite the three great objects Of great western raid road
BANK and communication by means OF steam with Eng
land In Philadelphia Meeting was held some two months
since at which Mr. Bddle presided for the purpose Of estao
fishing line from that city In Bosten company Aa
been formed having the object in view This latter com
has made greater progress than other yet 1t has
been formed direction Of T. Haskell Derby Esq., wt
CAPITAL of S7eOOOc be called the "Ocesn steam Naviga
ton Company" The inducemsnt held out 10 capitalists oy
this company investments are great Inc estimated re
cepts and expenditures leave profit OF Per year. or
about As per cent of the capital Thus the moRthy dsburse
a'o F,;a,a :, S6666 &c
Deduct onehird for each trip, leaves $4,000
The income, 90 sabin passengers At $50 lO70o
Leaves $500
gain on each trip The data which these cacssuons arc
formed are predicted the comparative less cost OF building
and machinery this couAtry than in England Thss It
calculated that two substantial and efficient sharac
ter can be built BY company Of
bv touching at Halifax trip ample supply Of Picou coal
can be $3.50 81 per chaldron which nearly
what be had for in Boston And to render an
additional object touch at Halifax an offer will be made the
British carry the mail at low rate In this
view Mr. Richard Derby has been appointed agent of the
for the disposal Of their stock in the London market
IL accordinpy sails tomorrow Montreal for that city.
Tbi i, the ground work Of great enterprise having for its
object competition with New York for the vastly
the western country With the same view
the rail constructing from Boston to Albany was pro-
ected which it thought would intercept large proportion
Of the trade at Albany way New York In order to
Az his direct commune with Europe felt TO be
and an ample and cheap supply Of goods as the
by which dealers might be tempted TO try new
market In the spirit Charleston projsctedthe Louisville
I'D Rail Road connection with direct trade to
rurone The same spirit srs up Philadelphia to connect the
.BotsI ,raot 10 Tn.
rome from that city. The formation OF all these companies
% doubt be attended certain degree Of
at constructed rather calculated
for the OF than merchandise Fer all
the travelling commercial public Of Europe New York
the great point destination in coming to this country and
ut continue 10 be This the great centre OF the United
staese point whence all foreign articles Of consumption
~ an their BY routes Of internal
uncaon orthese, New York imports the greater proper
ton of that which consumed IN the United States Her natu
raj have been the cause of this state Of things and
be has rapidly to be the commercial emporium Of the
western world while Boston, in spite OF her capital enter
prre and intelligence holds still third rate position although
a.. Ia, also advanced Importance and has population Of
l2S 600 souls, having nearly doubled in ten years.
tn, pre,en excitement in regard to steam navigation 81
ilar to which formerly took place IN Boston with regard
"a racket ships The great advantages these gave New FORK
hsn co,s,.d by our friends, and at two different
lines Of ships established between that port ana
iivs,noo md.r as aatcring prospects as those which now
attend the steam ships The result however IN oo'h cases
moved at the patronage not sufficient 70 sustain then
- @ attempt o.iy added to the stability and Importance Of
ar New York lines These, with the transient SHIPS sow
rupn;nc are amply sufficient means OF transportation O
oa. IN the present stage of consumption IN this country ana
sox Al least slapse beoret he demand Tor foreign
a reach an which will call for amy extraordinary
...r. AZ eommsnica alton the part Of other cities
In the eantne present projects will be carried out WIN
x.o, success, but difficulty Of turning the tide Of trade
,cto other w
ro and the steam lines like those
AZ tho former ships, will be merged n those Of New YORK.
.aa.s to her greatness and her capital In her prosperity
,one will be fousd the interests Of the other cities
soeee continues to Aow into New Orleans from sieueo
TIL. cutter Woodbury. there the LIST with soooo
to various firms.
The following table OF the Bank OF hawkins'e ana
49, rr,, Bapk OF Georsis) the 10Th Of
April, $780, =,
Bk ofHve 1880, $iieJss Sa, os s1ss-o % oao
ls2s AZ, 800 2isoos zz,ois 'o,''o
Decrease i,63l s63,735 sos2o -
Increase e1',''o
Farms Bank isss ssS sas99o aaias IsI9