Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-03-07

The quantity Of produce brought to Market and the
scarcity in the western states may
the banks in the western part Of this employ their
funds less in warning each other and facilitating
business Some the banks in the
doing good business in dscountng for the purchase
produce The ohe Ohio banks those of the
other western states in sustaining united with
the great abundance of the have brought produce low
that discounted by the banks for its purchase is likely
to be safe Flour be bought at the West and deliver
edin this city at price which will allow of expectation and
also profit Tbsis the point which prices may rise
heathy, but when the crop short and prices through
scarcity, beyond the point at which it be prohtaby
shipped, Nit tends to keep the home market well
Piled When, however, the is abundant and prices
are inflated by currency the case last year.
it not only prevents export but it be imported at
profit notwithstanding that the home market oversocked
This the last year, when wheat imported at Bal
tuo although there large surplus crop here The CONT
of low prices will the capitals of both farmers and
merchants to be active The produce will all tend to the At
an cities for sale and shipment Its superior quantity will
Notwithstanding low prices give the farmers large returns
This will enable the West not only by paying old debts to the
Atlantic cities equaze the exchange, but to make further
purchases and trade will be SO long, however,
United States Ban1 and other broken nstutons connue
from the market the energies of the mercantile pub
lie will be checked and camped the exchanges continue de-
ranged and the classes bound hand and foot by
the spectators
There much anxiety among the mercantile community for
the the Great Western which be expected Mon
Her will be fortyve days later than last
advces will consequently give character to the spring
business There is disposition to operate until her advices
shall received At last dates the prices Of every
description and property had reached point
of the great curtament
currency caused by the action Of the Bank of England
in her eneavsr back England those large amounts
of which sought the continent in payment Of
and Of the contraction of the oi
the continent far the position Of things England SINH
that of this country England however, in her solvent
banks the of rapid recovery than do
United States oppressed by throng of bankrupt insu
On the other hand the United States the ply
sca ability much greater extent than does the overtaxed
population of the United Kingdom.
The severity of the during the pust
in England consequent upon the depreciation Of property
stated to be much than during panic for 20
years The result has been rgfu in the extreme the
working portion Of the community. The direct of thu
uctuaton property be found in the conduct
Bank Of England The quarterly returns of that institution
exhibit fact that in period of commercial prosperity the
its usual dividend Thus from July to October
1885, money cheap only added fie3 to her
during the corresponding period of 1885, when she increased
the interest to per cent and reduced the CT cuacn
creating ngfu panc she increased the rest f5ooo The
following is table of the for the past year: