Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-07-23
MONEY MARKET.


There little reaction in the stock market to-day
from the continued fall which has been manifest for
days back. Harlem improved per cent United States
Bank 1t, Delaware and Hudson J. North American Trust
and Banking Company I, Mohawk l. New Jersey 1! Bills
Philadelphia sold at 2sa3 per cent.
In uncurrent money there is great change. The
Mlers Bank of Clyde bills bought Is per cent dis
There is in circulation great many Of the Still
water Canal Bank Maine bills which have
had occasion notice before These bills purcha
sed by the brokers at ALI the public should be cautious
q them.
Orleans brought 100000 in specie, consigned to d. Thorn
son, cashier ofthe Bank of America.
The position Of the United States Bank is such that
strict and rigid examination into its affairs like that Of the
Manhattan Bank of this city, has become absolutely
cessary for the salvation Of what remains to the sockho
The public strangers to the immense losses
that the bank has sustained through those connected
with it, nor the corruption and maladmnistration of its
affairs The transactions of Thomas Biddle Co.. Cow.
perth ae Schott and Others have long been familiar
the public Within the last few days ,rumours of the
heavy Indebtedness of the expresden Nicholas Biddle
the bank have had powerful effect the stock of the
bank and has fallen per cent in consequence
red little to-day under the demands of the shorts the
friends of the banks losing their confidence
it, Its suspension last fall convinced the impartial and
Independent portion Of the public that the
ten say the least Since that period facts have been de.
veoped that have engendercd the fears Of the tmd that
the institution would be unable pay debts The ru
nors now afoat reference its rapidly crca.
ting disposition among those interested to realize at
any cost and get ont Of the bank fast possible An
nvesg aon should be Immediately instituted that will
place the institution before the public in right point
view.
We mentioned the occasion Of the resumption Of the
banks Of the District OF Columbia that the other southern
banks would be driven into similar course Our CORES.
pendent to-day informs that the Planters
Bank Of Charleston resumed specie payments the 18th
inst The other banks have all resumed specie payments
as their balances concerned TheBank Charles
ton made a demand upon the Union Bank theI6th for
balance OF s6sooo which promptly paid in specie Ba
lances readily settled in this ay avoid paying
terest The other banks will doubt all resume pay
mcn;s i, full in the course Of the present week The
banks very much contracted demand for specie
exists from any quarter The banks wisely take advantage
Of the present duh season to perfect their operations
The Bank Of Charleston has, believe never suspend
ed on its bills and has acknow the necessity
OF so doing; notwithstanding which, the profits of the
bank have exceeded those of the other Charleston nsttu
tons We have received the Of the bank for the
year ending July st 1870 by which appears that the
profits Of the bank have bcen for the past year. s25o7i
out of which, dividends the Of per cent have been
declared amounting to SlG3l leaving S233l TO he car.
ried to the surplus fund.- which to sQ2sa5a
The following statement Of the affairs of the bank on
the 3Oth June, 1870;