Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-09-29
MONEY MARIkET.
Monday. Sent, 2S--G p, M.

Monday, Sept. CSC p. Nj.
The stock Market has not been influenced in any great
degree by the foreign The general features re-
NAMED nearly the same United States Bank improved
per cent; Soningon per cent In other descriptions
the change was not material.
The great meeting in Wall street caused some Interrupt
ton TO business to-day The effect of the upon the
different marSets has not been great In Flour the firm
manifested the close CT last week has suffered no
abatement by the receipt OF the In Cotton there is
great change
Money affairs in Europe in very singular position,
arising from the warke character othe existing relations
between France and the other powers In regard to the
state Of commercial affairs generally AMI Independently
OF the question, to change the favor
able view formed the occasion of the last arrival
Political events have, however, in their progress reached
point which they conflict with the welfare of the mcr
camille community The position Of affairs is such now as
TO make general war; distant date highly probable
On former occasion expressed the opinion that sooner
later the break OUT and hat alone depended
upon the OF NJ Theirs whether the present
ton should end in hoses or not Throwing aside the
jagon and party spirit of the English press and looking
plainly at the question as it stands and taking into view
the personal position and views NJ THEIRS is highly
probable that the arrival Will bring information of
hostile character. rupture in Europe would
doubtelly open the United States lucrative carrying
trade, and good markets for the sale Of produce. The
to perra his country enjoy that trade whether
in accordance with her policy former occasions
she would be disposed to compromise the neutrality OF the
United States. In the event of the threatened war the
theatre of action will be mostly in the and the north
ports Of Europe Will still be open the English deal
ers, both for the purchase of grain and for the sale of
yarns and other manufactures. Many new must
however be formed for the employ uney. If the
four powers take the field as ains Fran. of
doing must be supplied from England ing the last
the loans and subsidies Of Great Brit her allies,
enable them TO keep the edreachedthe amount off 900
900, $3.50 100000 Since the peace ID powers
have borrowed nearly much Their new loans
cessary to carry war, in addition % those
quired for the military and naval movements OF Great
Britain, Will create extensive demand for money, which
must prevent any very great investments in American
funds Investments of this would naturally be
the part of that mii class Of capitalists who would
prefer having their property placed beyond the ycsudes
Of The d.scredit however attending the failure of
the United States Bank and the OF certain of
the States wi far to check this feeling The prepara-
tons for throughout Europe extensive scale
The expense attending their preparations and the demand
FOR coin for the military chests already raising the va
ue of gold in the different cities and continue TO do
long the causes exist. The price of the precious
metals has been rising in Hamburg, Amsterdam and
rs and gradually producing drain from England and
this country notwithstanding the apparent balance in IA
ofthis country, indicated by the exchanges The
Bank Of England is not strong enough any
serious demandfom abroad accompanied may be- by
that disposition hoard home which always takes
place in time Of panic. For these reasons still further
serious contraction in the currency of England may be
looked for notwithstanding that the last returns Of the
bank indicated disposition to expand The causes here
mentioned have become clearly Indicated since tina.
return and the next quarterly average win probably In.
dictate a change Of policy.
While these conflicting elements work in London
the American interests there have remained passive
dependent the march Of events The L. Bank shares
quoted nominay higher but there appears to hav
been actual sales Mr. Jaudon the London Agent and
for te las, year the main pillar and support othe
has returned this city bringing with him $500 900 to
the eNsencies OF the bank here In looking back
upon the disasters othe past year. cannot but be struck
with the fact that the present existence Of the bank is
owing solely to the l efficiency and prompt exsrtion
OF Mr. Jsudon. Mr. Bdde le the Bank O. critical time
under circumstances that certainly suspicious
Scarcely months after that event ar Jaudon being in
London and in ignorance whether cually or design.
edly the part ofthe management here
BY the receipt ofthe protests large amount of bills on
ths Hlngcurs Of Paris and this he eve of the atu
Ty Of very large Indebtedness in the London market So
ceriaa did the utter failure Of the Bank appear to the
largest ant abe fnanciers Of Loala that they notified
their c0osponiens ofthe fact The activity and ability
lr Jsudoa ,.crtsl that ruin. Hse siency in London
since gone Ear 20 uphold he desperate fortunes Of the
bank His return is to assist gst, the bank clear
OF he payments she has TO make the course the mex,
DAYS among which the roverun, bond for - SOC
De paid in specie. The amour. Fought on, by Mr.
JauioI IS meet this partly an r,r,lv the proceeds
OF large amount oistrrlng h 'c8sh, by the bank in
this market during the fore par .ateIa7per cen,
premium, ant for which the ba. out lts own bills
thereby increasing the alseo' Ie1 20 per cent
II the approaching difficulties re- successfillv cot
over MIR Jaudon " III inmedai, 40 attend 20 the
recurring troubles IN LohaoA. '. id0ns presence .p.
pears 10 beindispensable where ofth.bapk
are desperate The existence ,nk Tins far has en-
tiraly depended hin Tn. "a; t.reseuts a strong
contras, that Of one vho pre-. the concern Win
eclai while all y iair weather E hcacs tie
horizoni Is lowering.
Notwithstanding the exertions6lI- Jan5ou 10 ra,ev.
It's errors American credit Ia, suffered seysre, bv ,hs
mismangement THE bank an the failure Of tho sts
and corporations In two instances 20 nav nta-e.t
The city Of Mobile Of ID ist 20 pass the inter
on her loans and within r lsys mercantile house
Of this city obtained judgment - $500 Of n. bonds is,
sued by that Corporations bu previous to the rendering Of
the Judgment, the Corporatioa Of no city had made an
assignment deed Of trust Of I'll ne real estate belong
ing 10 the city, BY which Be-. lie Judgment obtained
against il is USELESS.
The following h the las; reo 4 the finance Of tAa,
city:
DEtr ,rI % Monux Interest
Loan a tsss AZ 20 years in.-rs. 20, r. a. sso ec go