Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-07-10

May S2,a27 $si!07i
June, 4605 7sO65 SlI,s23
The following dividends have been decared:-The Franklin
Bank of Cincinnati cent payable the Bask OF Ane
rca on 10th instant the Duchess County Bank Of Pough
keepse half per cent the Maeawsn County Bank
per cent payable the Office Of the treasurer 80
Pine streets the Genham County Bank twelve per payable
at the same time and place
The and apprehension dealers and nancrs
seems to the attempts to to!s
ter the part Of the organs ofWs street peeula
tors quarter the couaty the accounts dscour.
aging in financial point of The crops abundant and
thus FAR prospect promsing but the conduct oil he
banks Of interior has been such to agnste all depart
trade and render the accumulated stocks OF produce
TO the The line OF discounts and crcu
laon Of the banks apparently large a. ever but ~
remarkably fact that the quantity Of among small deal
ers and citizens generally limited at the present
moment fact which FROM and illustrates the absorption
of money heavy holders Of stock and produce Banking IN
uons been purchasers Of the stocks issued for the pro-
secuou public works. with view to their resale in Europe
This fact has been oidc Of the difficulties which we
now encounter thereby the circulation necessarily directed
into new channels the eject Of which TO stimulate
laon in produce By official reports appears that Of
two hundred twenty-five millions Of state stocks issued by
the several states hundred and twelve millions have been
for the purpose public improvement aud mostly for this Pur
pose within the last three years These stocks have mostly
passed through the hands of the banks brokers for their sale
upon largely This has taken from business large 4
new with which iaborers have been paid. BY this the
money OF the banks withdrawn from its legitimate
channels Of circulation aud has assisted to create demand Tor
labor and high prices for provisions and the has
the equilibrium Of the currency by making money
more plentiful in the country than in the cities.
While these loans have employed the Of the Atlantic
banks the country banks have locked their in holding
produce to such degree that the Of export. ha.
been affected much during the last The de-.
asrou the European markets has preeluded the 'ae
ostoeLs and our banks left with circulation almost be-
yud control aud for which specie rather than exchange
liable to he dmandsdhsne. the anxiety which displays it'elf
on the part Of banks throughout the country them
selve, of specie The frequent specie drafts which appear in
wall street are the this and that the banks
AZ the southwest been in the practice Of giving bonus for
.uece in the shape Of discounts BY tins holdngou to
the .pecuaor nducement TO draw $4,000 from other
banks consideration Of exchanging said specie Tor the
b,l Of bank he receives adiscoun for like sum n
addition.
Not only /, this drain Of specie on New York
Of uneasne bat supply Of foreign exchange be-
,canty degree which has already caused the rate to
reach pont at which, n passed. specie flows from In our
present condition. such occurrence cannot be too much
dreaded The depression American stocks at our latest dates
Ltended to the supply oferchange The U Banks
,oeL h,. been heretofore Of remittance, hut
owing 10 the decline stock the London Market it can
no NO b. done except loss The only prospect Of
from present embarra,smsns si ofa sudden
a turn in the state Of the American interests IN
England prospect which barely possible, as matters were
situated on the departure Of the Liverpool from that 'ide
therefore the anxiety the arrival Of the British Qseen
daily the increase.
sule- nj she stock Exchange.
30 Bank Of Commerce loog5o DO loo2s Ihenx Bank 90
40 do es-4s Amer Trust and Banking Company 75c-l25
40 rs 30d-5o do 75i-a0 do 1913 Del aud Hud 70iw-0s
40 1890 do 70ic-50 do 70itw50 do 706o-l00 do 1858
"a AZ 70.ie-5O a. 1910 de 70tw-35 Farmers Trust 1913
Ohio Life Trust l0O25 Bank ll5c-2So do b3t ODDS
- yickbug 3sb3-25 BIZ Of Kentucky sii25 do s3tw-50
do Mehanics Banking Association $3.50 90 30 SOt6O-2O
Eau,tabe Fire Ins ii0-i0 Eighth Ward 73-l02 Canton
37ie5 do 3sb30-5 Bos aud Prov losi-7o Railroad IS
so stoningou 25isw-l0 do 25l30 do 25f-io do 1910
40 2s,32o 50-i5o do 5o30-l2o do $3.50 do 4s
,so-50 do 50bl0-lse do 49ac50 do Iolw00 do 5ob30-
do aoiw-loo do as60-ioo do 5obco-2s DO As-'o do
ssitw.