Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-10-23
HONEY MARK Ell.

Thursday, Oct. 22-G II. NJ.
The stock market has been heavy to-day, aud prices
have generally declined particularly vcksburg, which
fell OF per cent North American Trust and Banking Co
per cent, Delaware and Hudson per cent; Long Island
per cent; s,oaingoA per Sales Of Canal hyes
were made at the board OFF.
The WILLIAMSBURG Fire Insuran-c Company have de-
sared dividend Of five per eea, for the last six months
pay able on the 3)th inst.
The Merchants Insurance Company, dividend Of ten
rcr cent Cor the last six months pay able demand
The Commissioners Of the Canal Fund have advertised
for osn Of aoo for the improvement Of the
ofthc Oneida river Sealed proposals III be received
I'll Saturday, the eth day Of November, for which trans
fcrabe certificates Of stock will be issued in the Of
che people ofthe Of York. bearing the
rate par per annum pay able quarterly aAd the
principal reimburse ibe the pleasure ofhe Commission
or, ofthe canal fund, after the year 1850.
Spurious bills OF the denomination Of five dollars Cam
den Bank, in circulation The plate appears to he
genuine, but the signatures fictitious
The Money market, for afew days, has been more
s,rictei The that the uaed States Bank
will resume specie pay nents does receive full credit
The public have been deceived long and often from
that quarter that is dicult to revive confidence An
sruai resumption would scarcely effect that object
fears Of another would by be removed
more especially, will be based borrowing
comnodsion In all quartes Of the SOUTH however there
are n1icatio tina, general resumption i'll take place
The state BANK OF Arkansas gNrn notice thN she
would specie pay the L.; inst The West.
Bank Of Georgia have done likewise the cir
collation. being but $4,000. The effect Of the resumption
will be highly beneficial to business by equsiising the
currency and permitting the realisation Of the funds due
from the south, aud the availability Of those funds in
purchases. can scarcely DO expected, however that
banks will resume their former practice OF discount
ing long southern paper which process leading
Instrument in causing trading. The shattered sad
prccsrous position of most Of the southern banks and par
tcuiarly the United States Bank, s well known and the
ths they are temporarily able sustain themselves BY
Borrowing, viii be no nducement for New York banks
10 trust them too far The pursued by ths Now
York banks previous 10 the suspension Of the southern
banks last ear prudent WIS., was barely enough 20
70 enable them to defend themselves against the nsovcn
backs. The weakness Of those banks Is now more clear
~ Developed and the necessity for future caution more
apparent strict adherence to short business parer
be their safest policy.
This they and have been steadily rursr
Ing and believe, from inquiries in the prcper
quarter their business is restricted than il has
been throughout the summer. Good business paper is
eagerly taken at low rates. The position in which
eur external affairs placed by the wsrke
Europe has created less disposition the part capt
sesss invest The small demand for specie existing
for export to France, OF alarm no,wishstsnd
NJ the attempt Of certain parties 70 make IL The fol