Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-01-07
MONEY MARK & Il.
Monday, Jan. Go r. WI


MONEY MARKET.
Monday, IAN. Go p. vi.
The from England has had quite anima'ing efsc
vpon the stock Market Sales made fair extent at
general ri in rates United States Bank opened an
of per cent the rates Of Friday and closed
at further advance of per cent, making difference of
per the close of Friday North American Tr and
Banking " per cent; Delaware Hudson Mohawk
l. There been sales of sterling bills at 81 per cent
premium. The inland bill market rather quiet; sales
Philadelphia have been made at u per cent la the
southern 20 Is, there il little better demand for bills New
Yerk; Mobile the 2st, New Orean, funds were at
premium of per cent and $1,000 specie were received
from Mobile New Orleans. The following the rates
Of sight bills New York. the premium specie at the
came date
Bills on n. York. Sterling bills Specie.
c EaS; Dee q, sPFepsm' 10y prem i.s prem
n OrI.ar., q, 8 ioI s5a4,
We recently the legislature of Georgia had
the Cen Bank BILL and that the members had been
paid of the bills Of that bank to the amount of sooOo0
The ee Of this ha, been b. immediate suspension e
bank, and he ia now among the rreaeemab!es.
The 100000 in specie RENTED few days since from Ills
nos paw the Interests the state stocks has today been
paid the stock holders. The state Of Mary land has
also paid her interest in specie, according to law paed in
the spring Of 1885, At the ,upenson in 1887 Maryland
fused ply specie which injured her credit that the law
passed specie henceforh. Tbs Penn yvana
follows La dable example, s better for her credit
The Ocean Insurance Company of this city, has declared
DIVIDEND of per cent payable IN, 18th inst The New
York Insurance Company has declared dividend of per
eeat, payable ON tho day.
The post system falling rapidly into dnepute all
the country The Supreme Court Bank Columbus, Ohio
in the Of the Ohio Lf, Trust Co. have decided that
every description of bank issues payable ae date and
assuming the form OF circulation, Illegal and violation Of
the charter large quantity Of U. BANK pos, dated
Subsequent to her upension offering in the y. Orleans
k but does not Gnd mush favor few sales have teen made
par with the bills Of the Suspended banks This does rot
like resumption The Union Bank have immenie
post falling due New Orle in April
aud PRESIDENT Mr. Runnss has been unable 10 sell the
bonds Of State, Issued for the benefit OF the Bank, she
has NO Of meeting her notes. and in the
wind Issuing II month post notes dated January $780,
and endeavog purchase cotton with them the proeeso
which will be applied to the payment Of the old The
doe. not however, 10 take The post
system has exploded Ia the south west the rredemabe
bills Of the u $. Bank better liked by the planters
The news from England had its aneip eject upon the
pric sf stock, ard securte, United States Bank
stock IN particular showed great rise in cotton and -FOUR
the ec perespble. The stocks Of those article,
are .nsI that large transaction. take place.
The general character Of the favorable and would
wsrrat gracus improvement but the sudden rise in Amer
securities in London, and its reaction here great
te effect OF obbns and the practice.
similar to those reor,d to last year. by nearly III, par
ties in order to bolster cotton momentary, under Of
which holders ct rid Of their stock, Wien IT,. cot on
hlggeo, price, began to fall, notwithstanding
The short crop, it practices for the large
holders their agent, in Wall street. the market
Immediately prior TO the departure Of steamboat and
make few urchases at advance In price They thet
wrote letter, Liverpool eoshrmaory OF the advance and
under the 6s excitement OF the MARKET they let their cotton
~
Western arrived in November last she brought letter from
the house of Barring Co.. wherein recommended the
eonsoat q the debts in national stock The
Courier an Enquirer received its and the 18th Of No
vcmber came out with long ri, msroe PROPOSE the
effect Othe day, the l6h, the packet SAILED with
for Entud but until the as five day, ser that
the ,emoe pro ,peciu, Of he plan appeared in the ~ v
American Tie Great wcs,era returned aud the paid Lon
don correspondent of the Courier has the foowhg
The demand CIR curiis, ha, been greatly stimuli,
edthrotghoui today o1ly by the general improvement
which the n shieh has arrived b. the steam tp
but great has been attached reports which have
arvd 10 svr of the letters Of ssnct nile homes
that The vh Of the dbts Of the evera and tat.
Nay sc,d TO Ne oiidasd aud formed INTO ma
ten dot Il %, general government ofthe tinted State,
Probably 20 rel rrocr,.s H.. been made tw,rd ,hs aao,
ou OF that mo.t imp r,n, proportions bnt the very rep r
OF The first u~ssmsh IN such optration have rsadt
ertsed On fleet en- the stocL.-snd revival a. .,s b
teen noticed lis afeuooz several of tie ecurts. which
have been 'tl, uuroilcedfr weeks aud Cor mouth.
Here The tickle c,le you stem with vengeance
bu, sst tie public should ,bnk the improvement general and
be induced q 'en stock The hitter gives most gloomy
character OF the news in general and dor. acts TO sustain il
1t ay greet stress upon the fact that NJ, export s er hsd
seen $3.50 90 week Nov, mber and argues that
hon was dm'n led in Consequence. Let look al facts
The arrivaistp Cd ndln we're
Byms lmosene, S5ooooo
0NtH, 100000
other vessels iOUoOO
Total ar-iyai, .seno-o
E'ro' W eh, at $3.50 GOO per week, $4,000
lherear silver. slo,lolo
showing ua h.uld no more arrive aed the dian c,,; q,
ue rate o. $50 on per week there ,I be no dios, Cor
he-y 'me' "" Cos to come This enc sided distortion, IF
~ " oms pu-po'e', has long ag) ruin W Al |
"'.'e e'"m'' " character e wall street urs,evsr p,,e,.,