Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-10-15

- = - 1900 whs were ssliag seeds 70 Bsi.
49, -. rhil,J.apAs nssehants They therefore, q that
- ,..,s.sa - rule hst Ill noss given for purchases
-, ses sbeusd - msAs payable in equivalent to New
YosA cure y Since that period most Of the airy gooos mss
-. from that rule taking the risk Of exchange
m.u.s,,e. others in NE and grocery line have pre-
served the ssrm The consequence is apparent Our
large due them from the south, and hold
os~s not available banks they therefore sent on
r collection Those whs have taken the risk Of the en
change will PER before they realise IN avail
able funds other loss has been guarded
sgaia Those who been farsighted and prudent will
safer no less. MM
The specie shipped 20 abroad will not be drawn from our
b~aks from southern cities. merchan, owes SoOoo
abroad holds Philadelphia notes TO the same amsuu
These eanaot here because banks are
afraid to expand Philadelphia aud they are
collected in Pha ielh,s funds which unavailable 10 MN
bot the foreg debt imperative; he has therefore no
native purchase specie bring it to New York
with banks until the packet sails thea performs "
legitimate oce, ard goes abroad leaving our banks
the operation Part Of The plan Of the Philadelphia banks IN
20 issue small hills and ihercb, drive The spe
Gle in crc saton into the vaults Of ke banks The Grard
Bank issued 81 bills in this views but the Attorney General
issued circular TO his de ues nstructg them 10
commence suits where bills Of less denomination
thsa S. were red In the meantime great cutlery raised
In Philadelphia against the traffic In specie, It . called
viii pay debts any prcesven thosgh Phladephians at
ten keep them Of their The specie drawn
eat OF circulation New York accounts will soon be
supplied by small bills from the western part If this state
The accrusgdeb due the government will be demanded IN
specie deposited in New York Many importers in
Baltimore per cent for specie to meet their
bonds and Treasury notes h, city to at premium today
The government doubtless holder OF United States Bank
bills 10 large amount their bills have besn principally
lie land
The eAdenc, OF all these movements is to strengthen the
New York banks which, hacked BY the universal opinion Of
The public will every day nd new Involvement to perse
we're ia like determination pay specie IS the season Oh
the wear when their liabilities shsud be the least and their
means greatest Following the OF trade based on inc
crops. they been reimbursed for the facilities granted on
the old crops now Of the Market and have been prepared
70 expand with the new crops Philadelphia and the south
have not done they have left the natural course Of trade
and involved themselves in labyrinth Of paper securities,
which lse capital representing artificial transactions
encaea the healthy trade Of the country These have
fallen like dead branch aud will perish.
The effect Of these transactions has beea to embarrass trade
BY creating artificial financial centre in Philadelphia apart
from the great Of trade, which is New York
This will cease and produce bills, property Of all kinds
will the New York market The centre Of sound cur
rency These will by imports from abroad, which will
be diverted Philadelphia and Baltimore for similar
What foreign house will send goods into Baltimore and
pay per for money pa the duties, and 10 cent
for specie remit home when the goods sold when the
port Of New York affords sound currency, recognised by the
government officers and par with specie. Money from
all parts will Aow here for the purchase Of
those goods the paper bosered business with which Phi
phs has therefore, attempted to rival New York will sink
into merted dsrepu and the Of New York merchant
be the synonymc for commercial integrity.
sales as the stock Exchange.
$1,000 Corpor Bonds GOT $500 do 9sa50 shares United
States so do 20 s0 25 do 70 50 do 7U4 sled 10
50 do d. ia 10 do Ia 30 do II s0d 10 de 10 do 1884,
10 do IA 100 do 7 so do 7a sis rs II tm5 Commerce
o. so 40 OH sl0 100 do s4 so do $3.50 do Dry Dock IS
50 do 66 do go do Mechanics Bank Ass 900 OHIO
Life Trus, 81 rs do 50 si5d-25d City 72l0 do Am
Ex IS 20 do TAI 5odo "a rs DO Del Hud 5Sa 50 do 55a bnw
2s do ssa snw do bs rs do % do sat 100 do 5 90 do
sat rs do 54 100 do sal s0d 100 do 81 si0d 10 do sat- $50
do sIOd IS do 55 do Trust al 80 do l6 30 do as
20 40 so do IS % 80 do As s5 do 4s 10 do sa
90 46 IS % de 46tl0 do Kentucky 675 Uuca
Schensc,ad, l6k IS do l6i500 Exchange Philadelphia
$4,000 do Treasury Notes i00<0 do Canton 20 do
10 do Paterson 49} 80 do <9 10 do 39s0 BostoR and
Providence $50 do New Jersey ss5 do Stonngtoa 20i
ssd 10 do 2ol 2o315 do Harlem So lt0 do so sod
SO DO so SO do SOL 5 39i s3d 100 do So 5 do 39 100
do 3oi tw-l00d do Ling Island 50 bSOd tEf
Stase Of Trade.
The weather much outdoor business being