Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-12-19


On snal-ng the account little, We snd that the &C
tusl Of bullion in the las; ieire weeks is about
f 600 leaving the stock at present about three snd
quarter million, favorable change had commenced In
the of he exchanges with England At ST. Peters
burg the exchanges London has deen ed 10 so pence
being improvement OF per cent in the last month; and
as shipping would close in few weeks, we
may then calculate upon the course with London
reverng to such point az will leave room for re-
fux of bullios The exchange at Hamburg, which had
been mainly By that Of ST. Petersburg for many
weeks prior h.d consequently improvcd whilst the price
Of gold had fallen there about half cent? thus
ing all danger Of all further expectation OF sovercgs
that qua ter AMI moderate advance i'm the rates be,
tween London and Hamburg would now encourage i'm
portaor Of gold to London This decided change in e
balasc. oftte commercial engagements in the North Of
Europe will pave the way for spceiy reelihoa,on of all
the foreign exchanges; because the improvement has al
ready made progress in respect to the exchanges
with Spain, Portugal, Italy, and the South.
somehca,y failures hal occurred in London, the mos,
important, Of which was Johnson Co. Irish merchants
and banking agents II spprehendcd that this would
lead to some difficulty they drawn upon by TWEEN
~ or thirty Irish banks Some failures had also taken
place in the manufacturing districts The markets for
goods and yarns continued dull and DROPPING and prices
Of each were never lower. In American securities
ng had been done and in The present state Of the makt
nothing can he done.
The great sale Of Norwich and Worcester Railroad
stock took place to day, md OF with great success
large number Of layers were present, among whom
were circulated the blank receipts for stock sod Of which
the following is o copy
Nrw.YonN DsoSMBss 1910.
Received from
| tcinr the amount ofpurchase money for shares Of
| the stock ofthe NORWICH AND WORCESTER RAIL
| ROAD COMPANY. purchased by at public auction,
or the Ish Doccmb,r lslo, the following conditions;
| torpiriors stLE
s Cash paper 20 be made satisfactory TO the sellers
an average Of six months from January ls ls and
able bank in New York or sOsion, adding IN
| iefest AZ the rate Of seven per ccntum Per annum.
onI To persons avang theselv Of the credit certi-
ofstock be made out IN The name oil The pufcha
ser aud deposited in the Mechanics Bank in the City Of
Ne Work and on ihc payment OF the note or notes. the
10 be vefed 90 the purchaser or his order,
rroyad said note shall be paid Of or before ma.
| iurity.
lively hat IL the stock purchased shall be held by them
unt m, first day ofJuly, 8i that the same may be cold
At hat tine without lossi Provided, that the purch
respectively shall give notice in writing s least thirty
davs prior to the said t day Of July, si ofthcr desire
ts az all themselves Of this guarany and in that event II
shall be the option Of the Company either TO cause the
be rcsod ana pay the loss or TO receive
the certificate end pay the notes given therefor Of matu-
| ~. 80
sale I'D be entitled TO the dividend 60 be declared in
January next The period for The first dividend will be
| on the hrst Monday in July, isil.
| TTsasss- pro tom. Of "a,
1 NgrprA eHi Psressis- Rsihgad C0nP@-S