Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-10-21
MONEY MARKET.
Tuesday, Oct. 2O-0 r. N.


MONEY MARKET.
Tuesday, Oct. 2O-G r. NJ.
The marke. has been singularly Influenced to-day The
events on side rendering genera resumption IN Ja
nuary next highly probable if not certain have been cal
cuated to the buoy in the stock Market and
give new impulse to the previous disposition to speculate
The Philadelphia banks in rendering the required assist
snce to the United Bank themselves in want Of
the same assistance their eastern creditors, and in
conserving take the post notes OF the United States
Bank for what is due them, is in the hope OF making
those post available in the settlement OF their own
eastern Indebtedness in the London market This they
will be scarcely able to effect without additional security
The credit the United States Bank is too far shat
tered to permit her accommodation paper to be mai
ketable without undoubted security. Nearly the same
arrangement which is effected, distinctly
proposed last March, and the eastern banks at that
time expressed themselves willing 10 take the bonds
of the solyen. Philadelphia Banks at twelve months
but refused take the bends of the United States
Bank for that Indebtedness Mr.. Jardon, is under
mood. has undertaken 10 bring about some arrange
mcnt with the banks for the negotiation Of their
bonds ;prior TO his departure for England To make
the bonds available England would be an easy matter
provided security could be offered as would satisfy
the English capitalists aad friends OF the suffering stock
holders there But the bank is apparently without such
securities Her title to those securities consisting OF
Michigan, Illinois, and Mississippi stocks tina: in
uledge for her London debentures is disputed, and her
porlio con.as among its fancy stocks few that
can be offered outstanding that their speculative va
lues are daily increasing The resumption then, 1t takes
place will based the increased fictitious values oil
fancy stocks and will be bolsiered by borrowing This
is NO. state of things calculated to give confidence in
the perm anency Of the rise in stocks. The English
news increasing the probability of war; is variously
regarded, and exerts contradictory influences upon
stock AMI prices have greatly Auctuated United States
Bank dec ned per cent; Delaware Hudson per cent;
Farmers Trust per cent? Harlem per cent; North
American Trust Banking Co improved per cent;
vcksburg per CT; Dry Dock per c stonngton q per
cent; Long Island 81 per Sales OF bills Phadel-
phia were made alag; Baltimore at halt Atpub
lie auction this morning. 600 shares Of the Hudson River
Fire Insurance Co. per share all paid in sold
follows Buyer.
300 shares at 50 per cent D. s. Dyson
200 200 s. s. 3 3. s s b sTl5sy
Uncurren money has become scarce, and the rate inn
proved b. the advertisement Of j. NJ WOODWARD in ano-
ther column it will be the rate for most solvent
hanks is from TO discount
There are many bills of the Globe Bank, at Bangor in
circulation here The bills redeemed at Boston,
and there apparently design to force the circulation
here under Of small deposi;e with broker in
Wall street. 20 redeem them temporarily.
The amour, received for tolls the New York State
Canals during the second week in October, is seventy
nine thousand hadrei and sevenysx dollars and
hityslN cents
The CITY INK has declared dividend of four per
for the las. six months payable the slst inst The
Union Bank per for the last six months, able
on ,b. a :, inst The notes of the Farmers and Mlles
Bank of Iayersto~n Nd canno: now be sold in Phadcl
mia This institution has been in operation only few
months
The Commercial Bank of Millington Nd, has stepped
payment meiately after this had become known, the
psope Of the neghbOrhood took possession OF the banking
house-opened the vaults took what valuable funds they
could lay their hands uPon and adjourned from there to
tavern opposite then redeemed the notes OF the bank
10 the amount taken from the vaults the
cern-s,65 II is said the circulation Of the institution
amounts to 100000.
Within the last 60 DAYS the rate Of exchange France
has fallen render specie the best remittance, and
about $4,000 in silver have been shipped by the Hayre
packets while 5000 900 in silver have arrived here from
the West Indies and South America and $4,000 dollars
in gold fro England The balance in favor Oft
try from England has been about the in favor of
France and against England-tha, is, the premium
French bills in London is about the the discount,
on sterling bills here while exchange France has been
about per cent in "a oshppins coin from this side
This operation but temporary in regard to France AMI
ia OF but Little importance long the influx Of the pre-
eioas metals from other quarters, exceeds the demand
from that quarter An unprinspled and ignorant party
paper in wall str, e has the folly TO ascribc this
ment to III operation Of the gold bill Of 1884 in the fol-
lowing classic language -
ever since the Gold Ball passed, the tide has been
setting OF the export OF silver and the import OF gold. This
WILL in the end, produce great Inconvenience IN this
country
This il one Of those Wholesale and Ckess assertion.
made Nv those in the habit OF making pompous
pass r truth In the face Of this sta.cmen, is the follow
ing ca table the import and export Of gold and silver
coins FOR a series Of years with the average uroF; and
port OF each metal since 1884,
-.