Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-07-03
{. 57S,4ll,2S0

57sali $50
This tab. shows immense accumulation Of bullion, ind-
eating abt, of affairs Of France and that so soon as Pc
ltca affairs shall have permanently settled vigorous
revival may looked for in that quarter The period
must however, be distant revolution in prices must neces-
.y take place. both England and America, before CON-
resume its activity
The financial AFFAIRS both OF Great Britain and OF tins coun-
try been such excite fears of suspension OF
cash payments the London papers have openly
pressed opinion there aud the Globe recently took the
with regard Institutions These fears arise
from the facts hs from Encouragement the banks have not
the follow the demands of trade but have
stay govern its by raising barrier OF
iredeemabe paper currency good so lar
as il made represent three 10 five times certain amosnt
co. which the only ultimate medium Of settling balances
between may safely do this long it expands
AID with gU- els, of specie, which nvsris
bly, follow. demand for merchandise from country to
another which regulated Europe by the products
Of the soil.
The deficiency of the crops bears directly
0, the demand and remuneration for labor and in each
country demand Cor the surplus of another governed by
the Of paying for them; not by the ch for they
always able The great middle classes who the larger
proportion of society and whose expenses governed by
their income IT, therefore, from abundance OF supply 9th
e causes becomes profitable the merchant transport
merchandise country to another where thsy high
err the Of his purchases unless
product Of the country Of his sales will bear remuaeratng
prce as return in which the difference
Is must settled 10 specie which ultimately leaves that
try which balance predomnaes However long the
settling day postponed by loans and credit finally
come price following the diminished circulation fall until
their cheapnes invites investments from abroad by the
asurd issues paper in opposition to the movements
Of specie prices attempted to be mantans total drain
specie and suspension of the banks must be the res Ia
such position stand both Eng land aud America II is
bufp
must fall which the, have recently done here, and do in
England before healthy Of exchange take, place
II advanced that prices have not deferred the
tseata from purchasing because they have not risen in
proportion the rates at which the material
held be recoIlected however, that last year brisk
cnefo the trade Bullion accumu in England and yarn
before steady demand and increased facilities The CONT
mental markets stocked and when the deficiency OF the
crop depleted England Of its coin prices still rose, and
reached per higher than when under the influence Of
demand which they have gone back to their former rate
STILL all articles % foreign produce cotton, taow, hemp,
iron &c their high from the influence
Of bank expansion acceeratng the influx Of such commodities,
and the ,r OF the To maintain this drain Of coin II
has been proposed borrow mosey Of the bank Of France
This movement IS precisely similar to that smaller scale
made by Prime, Ward King last year. connection with the
Earrings OF Lonion when million Of dsllar forced into
this country, in order resumption in face Of high
prices resumption subsequently, Effected but prices
y,
gland being the position which then were can
longer lead stocks advance against future sale.
az crops and bills to considerable amount have come bacs
protested THE . practical result which forces itself upon
Whe trading community and exciies fears the future
The reported return Of Mr. Jaudon has more in II than meet,
Inc eye generally supposed that that gen,lema. wa. TO
there and the sudden create.
,,me suspicion. I've event, however, far the United
states Bank concerned will only be exchanging one agent
f another and the Earrings will probably again that agent
The d.connunc OF their former agency from some
misunderstanding concerning drafts them by the United
State. Bank They formed connection with Mr. James
O. King who England in the fall Of the year
But from financial laundering Of the firm IN New York the
connection has unpreductve Of any good result This
Affords an instance o little wealth and connections
without financial knowledge in business point Of view The
resumption Of The agency by Earrings Brothers may be looked
mo, rather as favorable than otherwise.
anvc- at the stock Exchange.
% al. n River b. sI25 " Am Bku Co IS 30 do IA
40 Ner Bike A. s5t. 10 do s6-l0 Canal Bkg Co co.
ss Del HID 7l 50 do 72lss 4 do TAT 80 do 72i 80 do
-,lo 40 do 72l.o do 72sb20 do 72is3o las 72
do raj - do T2ls3o 70 do 72til Bank lsac 80 do
IIac SO do tI3c i3tnw, do ll3lc, do i3cs5 Blk Of
K.,,ncl, s7lc rs 40 s7i-6o Fre Ius Co lo0i0 Can
ION sol 10 do SOL $40 Bos Prov lo5 10 do l05l
% n oow $50 Stonington 26a, 40 do 26S 90 do
as,r 90 do 96tv do 26l3 10 do 26s3 10 do 26ii0o
Harlem b2, 900 a. 90 do b2w 100 do 5lanw, 80 do 81 so
do an rs do al u 10 52nw 200 DO sac 100 do sas 90 do
Sable, 90 do 81
state of Trnse.
There has been little business doing today The lower