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


stocks have generally declined today. The sales
snaI and very little disposition to purchase was manifest
Boston and Providence Railroad declined cents North
American Trust and Banking Co l. Delaware and Hudson,
Bank declined cent from yesterday the sales
were very small but buyer; the closing sale
ut rs days Nothing further has transpred todayof the
inues OF this corrupt institution Mr. Boorman stated IN
the street. that the committee were preparing Their rrof and
IL will probably appear Monday The public anxious to
the document they will have prepared and is expected
that will contain thorough details Of the assets, the drawers
Of the notes. endoer and to whom the loans made and
the securities taken for them, &c Ac; but the probability H.
hanohing Of this kind will appear II would only be
rating specuaons and defaeaons al minimum Confidence
in this Institution almost entirely destroyed and the stock
sold today than before The bank has in its
gy prosperous days. done nothing for the merchants but
every thing for specuaors and its downfall ercitss nothing
but drsoa at its self sufficient ans JOY at the
mova Of foul blot the otherwise fair fn,nca chaae
ter Of the city.
There no pereeptible alienation in the money market
wthsandng large OF produce which has been
wintered at he river ports has been received.
The state Of affairs in P,nnsy lvania still operates check
upon the Of the asts. The Philadelphia Banks
virtually dcredtrd the u States and Oirsrd Banks
They receive each others certified checks men ofdbts,
refuse those Of these for the avowd reason
that their indebtedness other banks already large
that they do about increasingly Had they taken this
step three months ago Philadelphia would have been clear
Of her difficulties and the currency Of the union much more
nearly equaIed than the The banks Of the south,
with the exception Of the south western ready To-
sumo the Philadelphia banks have done The Balt
banks have declared their int non to the day
after the Pennsy Banks No good and sufficient
be sducei Why this event should not take place tomorrow
II has been stated that the withdrawal Of the United States
Bank from circulation would crystc hiatus in the
currency they forming the principal PORTION Of the ceu
lation This does "ot appear from the banks
The whole circulation Of Pennsyivana payable demand
900 900 these United States Bank notes. pay able
on demand thank hollis % specie 81
The withdrawal of these notes. therefore. would bring
A oo1 900 .s2icr AMI reduce the whole circulation 81
ala ..lU
pared with New York evinced by the constantly increasing
rate discount which has risen nearly cent during the
week The process throughout the south would return
.pon tie rotten b,ns their paper and bring gu, the specie they
bold The great borrowing banks would then be out Of the
uarh t. Of oon banks would flow into their
iesitmlte chanasls to supply the wants Of trad;
IN stenr bills there has been fair business done at as
$3.50 80, the pound sterling.
In money domestic exchanges neray there
disposition 10 improve the former acc pant OF its
scarcity, AND the ttcr from the increased movement OF
suce. The following the current rates
CussESr RArrs Bass NorEs hsp DosFsrc DiLts
Bank Notes. Fsehangc, -