Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-05-04

Circulation le,s7s.oeo isslsooo 10000 ,.,..o
s ssioa asa 17sSS 2, ,sSSSS qoos '0''
This desire of the bank is yet to de-
the The exchanges yet low and foreign
demand for coin still exists The change in the it
appears has been effected in this way.
Deposites withdrawn to the amount Of fs9, 900
The the time sold securities to the amt of 10000
And increased ITS rest ai,ooo
Making arealizstion Of ., fi4l,ooo
or which was Bank circa!ation fssoco
The currency thus reduced Esq 0oo
this decrease abundant and at
low rate interest," fact which clearly demons the de-
demand for money for commercial purposes. One
great this of things be the agitation on
subject of the laws and the select committee a
pointed BY Parliament banking affairs The examination of
Mr. smith, chairman of the Manchester Chamber Com
concluded the nth April The evidence he gave
been Of very forcibe and decided
the continuance of the monopoly of the Bank of Eng
land On the result eths depends the renewal Of
the charter of the Bank of England and of 1.-THE Bank
Ireland On the continent similar contest is going
with regard to the charter of the Bank of France. The
suspense attending these important questions necessarily
prevents any commercial affairs. There
many buyers of bills Europe, pay for foreign
bought English and considerable
also taken apparently for of the Bank Of England
The difficulty Of maintaining the Exchanges at safe point Of
alton certainly anxiety and destroys conf
dence the cautious and tmd classes OF traders
There also quantity of American bills in Paris drawn
England to extent fully equal to the demand
eAChange
that quarter Both In France and England trade is
rather declining than reving and the demand for money
for those Is consequently less. Idle capital is
therefore seeking securities Of all kinds a of
investment This in France rapidly augmentng the de-
nasd for American securities and Improvement in the
quotations of those stocks the Bourse by
Association Of Bankers has been effected Capital pour
into Paris from all quarters for This feature
augmented by the ndsposon to imports from
England to the Continent Col James b. Murray effected
further sale of Indiana stock terms
The absence of orders in the manufacturing districts of
England sensby felt in the Liverpool cotton market and
the prices had for the week ending the th en the
dper h. which it had during the week ending the
Sd April
The China confirms previous warke aspect
Of affairs Some doubt had been entertained whether
would sustain the high Lin in the
he had adopted II now that that officer higher ia
than and has issued pur
pose vessels Of ether nations from taking
tish goods board The following letter addressed to an
London house, dated JAN will explain the position
Of affairs
mo further doubt remain minds the in
snons Of the Emperor towards the Egh that he has al
70 enforce for the future have Of
sh No attempts bringing by
treaty can IN our opinion be attended with the slightest
The trade Of England with Cain, gone is not
sons now eniirey in the hand Of ,he AmsG
s;S n S them a have negotiate fer the Pdng
koothai is sending them IN American property BY
can bottoms Your course ~ England will be elearan
entire abandonment of all further hopes trading with the
had no just preence assured OF the fact that the
Emperor Of hna vii persevere n the he has adopted
time that there union Of all the British chambers
attainment OF this one great measure"
Under these the import of into England
cannot exceed 900 lbs instead Of lbs
peced The Americans procure much tea either for
themselves Others unless by dollars and is
well known that they have provided themselves largely
with specie for the China trade, that the quantity which
may be looked for during the estimated nearly
half below the previous compu alton. This position of
affairs caused rise in teas in the London market
By the Official trade list Of the 9TH April the stock
of tea in warehouse IN London estimated at ss' $40
The stock in the outpors 10 given at s0soCoo
Average stock in the United Kingdom. 4s,ssI,sio
The expectation of later caused increased inactivity
Wall street. yesterday and there gambling fancy
stocks North American Trust Banking fell off one per
cent stoangton per United States Bank per
Delzware Hudson improved per cent
There change in the general OF affairs Ii
the last day in the week and the confusion incident upon
SHAY day still hang the market The disposition to
loan upon stocks good deal by the
Of fraud and the suspicious aoat. IL 1T for this
emen the market responding with the state of
affairs Europe, would be felt Exchanges current
money remained nearly the
The ofse Berks County Bank which there has
lately been difficulty, received the Bank
Penn Township on deposit.
At New Orleans the 22d specie the Of 600
received from Mstamoras.
Ii stated Mobile the 2ai u that the State Bank
refused discount any paper the last meeting the ii
rectory This caused unasness but will be productive
Of good.
Sales mt the stock Exchange.
50 shas I : Bank J! 100 do Ma Go bnw -.