Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-04-22
MONEY MARKET,
Tuesday, April

"a g r y, .V 5i -rt'
There are many conflicting currents IN the money hA
this moment and every day anew phase IS presented. ne
of many OF the BANKS anu tue '"s
res of the State Legislatures daily give some new
.a.;rs hat il as short lived It's baseess The Legislature
or has meet again on the l2th pre
mo- when they will probably renew their strange s
ton In the time, there VIII be some epose !" h
Ter and the currency of Philadelphia 10 already increasing py
a. ;nc ont on the part their banks their own notes or
checks This has already effected the exchange when mas
risen today 81 cent, ana u Dak sloc" rel a e
pd n ner cent In the fancy railroads. there generally
,oasv Harlem improved per cent; Sonington, II per
Delaware Hudson per cents American Exchange
Rank improved per cent Sales Of Corporation Ewes were
made at 81.
~ SAFETY Fund and Red ack money there has been aiuher
The today has been per cent Tor both
dissertations The quantity in the market is very gh Bills
ON the South to depreciae checks on Mobile we're
bought by brokers today at II per cent discount and on
Charleston at per cent
The first effects The soPpage Of the Opium trade are begin
ming to be percepbe this market in the demand which has
nm for Spanish and Mexican dollars for shipment for
which a per premium is paid This effect Is also ac-
celebrated by the dscrsd which the United states BANK
has fallen her bills longer available fur purposes
sfremtance to Calcutta and Canton The principal demand
for silver dollars this market seems be on Engh account
in increased value silver England
growing the India difficulties The large quantities OF silver
which forward London last fall from Mexico reached
there at bills running England an extent
that the soency of the Bank and silver not being
legal tender England mostly sent to the continent
and used retiring bills drawn London Ihis operation
lowered but prevented accumulation OF
Ger in England whore the small and the demand
having the India trade increase OF price Is the
result Of ths metal Is said to uniformly
come from to the East it export from ms
country although exchange apparently all per cent IN our
favour.
The for for the Eastern markets will be lncrea
ed under operation of the trade for which the Americans
are now the carriers the capital being English and the demand
TO nav the expenses the which pretty evident
will carried against the Chinese empire The expense D
the war it has been araent will be borne BY the
English ople and wlate assistance the East India Go
vernuen gives will be auxiliary Thc difficulties themselves
undoubtedly grew of the money question The Chinese
government ground their movements on the immortality oil tine
opium trade; real objection to the trade B the anonui
pecious metals abstracts from the empire The stoppage
of the trade win operate still severely the English
paper by the great drain of the precious metal 1T viii
cause. This is the true ground Of the quarrel ~.
In this silver is the active sgelt That metal is not
legal tender in England commodity, and the price rises
with the demand which likely be great and viii much
affect this market We may examine into the state oil the
metals in this country We recently state
mnt the import and back TO $780, showing excess
Of import Of s47oOOOOc The principal part of this inn
ported from Mexico and the West Indies The next source
of supply the Gold mines Of the United States These
said to have yielded sl5OoOoO and yield upwards of
$500 5000 annually. ...t.. 9
The aggregate Of Imports into the L. States sss4l5oi
Exports from III ,222io2l
'.f.t f. .ff.a...1 Excess Of Imports i76ls, $50
Of tins the amount of silver has reached SS5.oOo,oOo
The operations the United States Mint from their hrs
ID iablish ment have been as follows.