Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-08-13

Depositss. 3sss os4 3.Toi,7it 1880
The returns Of the five large institutions in this city,
doing business under the Free Banking Law, have all
given We gave few days since, anal, sis Of
the affairs of the New York Banking Company, showing
its present condition. We preparing Of the
condition OF ench OF the other four banks the American
Exchange Bank, Bank of Commerc., North Americ an
Trust and Banking and the Mechanics Bank; and will
In few day them before readers in order to
pare th-ir relative conditions The operations Of these
five banks fully the utility Of the Free Banking Law,
and present all grades Of standing from total failure to
complete success
The received by the Great Western has upon the
whole, improving appearance The deficiency in the
CROP lift really exists will not havee very bad effect
IL take into view the condition Of the continent Gold
isherc very abundant and the crops prolific and the
political aspect of affairs propous This forms the basis
Of an increased demand for English manufacturer and
consequent influx OF gold into England This must fol
low as soon point Of contraction the continent
passed. and the large banking institutions OF France Hol
land and Austria recover confidence Notwithstanding
the gut Of gold in Europe and the quiet Of business
changes slightly against England, thereby afordng
indication that the currency Of the continent still
dearer than that This prevents the Of
the precious metals To all reasonable expectations
pansion continent and increased activity in
NAV be soon looked Cor there which will operate favorsby
upon our exports We do not however any indie
of return to speculation in American stocks prices
little higher but sales very small The principle
Improvement Pennsy ania stocks this the cf
feet of the news this side that that State had de6ni
lively rovded by taxation for the payment ofs interest
IN specie An Improvement in the quotation Of U. States
Bank stock was also the effect Of this because the Bank
was known to be the holder Of large amount of Penn
syvania stock which had improved. The same packet
which carried this information, also carried the
'our put motion by the bank that she would declare
dividend the 18th OF July The stock was then selling
an this market at 72 has since been down to 49, This
had the effect intended Of increasing the nominal prices
There does appear however to have been saes on the
contrary, bankers circular has the following quotation
"U. $. Bank shares fI5 lOs very little doing, and
question whether even at reduction large sales could
be made"
II thus appears that the quotations manufactured
for the packet in the way here for the British
Queen, when they up per cent in one day
The failure declare dividend reduced the stock per
cent in this Market and has probably had greater effect
there An evidence Of the great weakness of the bank
the Boosting Of organs that It's affairs are no rorse On
the aston the late arrival the Philadelphia organ Of
the bank has the following:-
Ran roR rpg CRoaKERs-Those who make il a business IA
rive their hongs against the Uned states spk
of will be 20 hear afraid that H.
stock stands proudly az u does London " in
snch bria prospects We observe that there on The
oath uo at cl55 This at thu present there would
be $3.50 Most evidently, the shors on either side of he