Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-04-14
HICHEY MARKET,
Monday. April I3--6 p. M,

The English news no material effect upon stock
kttoday sales about to the usual e-en,n
slight improve sent in rates. L. s. Bank advanced
cent; Harlem pes cent Sonngos per cent Delaware
per cent n, Am. Trust Banking Cos.tehned per cent
Al the second boas ~ Am r. declined per cent further
stonngon mpro Long Islaad sales Of bills Balii-
made increased discount Of per cent Ohio
per stock sold at si per cent In domestic bills there
downward sadeney but decidedehsnge rates has Ia
place The demand rather dali the attention OF the
public is chiefly engrossed by the perdipr elections
There sevdsny at this moment accumulation offands in
the hands Of capitalists and the bans with but little real de-
mand fo Tia legitimate Of trade. There is however.
large class OF dealers and
with whom nensy in great demand The risk attending the
securities they oerars that bat few obtain
foreman quiet ntil events shall have fur
Their progressed Large the accumulation Of active
capital II probable that all as ia not absorbed BY the In
sysIng business will be absorbed by the state and fed
erai governments which coming into the markstas
for aggregate amount Of In
Of the ecsut passed by Congress- auhorsng the it OF
Treasary notes. the follow ing notice has been issued
TRrAsuRY DrPARrNE,r,
popo.. will be received mt. tn, 81 81 May ss1 or tn.
,sehsSGs United States the
e authority Of the act of congress approved TIA ss, Of
n ss Sat-, II BSssy orbs ss n,r,s
viii the Treasury ssaed therefor ror the date
re those offers Will BE- awarded the preferences. which pro-
''' The "'' rate Of '''''' Levi i'T' % W
Secretary cf the Treasury.
This notice displays anew feature and cal dated 10 hs
serious effect upon BIC market The proposal is to exchange
the notes for specie ADD will have f successful the effect Of
creating demand for specie, and operate to smalier-
tent, like the specie circular. At the South and. at
PHILADELPHIA there already demand fer specie Move
what the banks bear In this city and - Bes'on tssre
undoubtedly accumulation specieo the banks which
n II remained with them e ordinary course, would enable
them 10 extend confidently with the spss business Alter the
ming the nssd but depcsors are dosed
TO demand syecie Cor purpose Of investing N u Treasury
notes 10 the whole extent authorised, sstooooo, " will have
serious effect upon the Market especially, Nc Cor
Is by the continued suspensson Of the south
er banks. We in these movements OF the government,
the udis aions she will persist in demanding specie Cos
al, a, 10 her wherever h prac cabe Tais will continue
cause an activity Of specie internally that least
reoiaonse the old system ofbavhng aud enecu
cheek uvo. issues, by ean6Dng the actual
Of This w asc against loans being abe
Ne states by the Banks, or 10 individuals csg dates
they will hud abscsnsiy AIRY couhne their opera
10 short ~ which they will keep perfect control sf
their circulation, osd eontnse the ncrty currency
Is Effect must also be seriously felt BY the PHILADELPHIA
Banks On their tndeavors u They appear already to
have more Liabilities than n either safe profitable The u
T. Bank, seems after having succeeded proc ring
tension III the time Cor resumption, Is unwilling TO iseur
further responsibility in the hape Of loans the STATE
ara hes taken sJvantsge Of The omission s law Of the