Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-07-24
MONEY MARKET.
Tuesday. July 23--G II. M.


Tuesday, July 23--G p. M.
The stock market to-day preserved its downward ten
dency There was great disposition to SELL Harlem de-
clned per cents U. s. Bank, Il per ct Delaware and
Hudson per Ct; Mohawk, per ct N. A. Trust Bank
ing Company per Ct. Farmers Trust IT. There were
sales of bills on Philadelphia at 81 and per ct.
The Morris Canal and Banking Company has lately al
lowed the interest its issue of 0O00 made few
wears SINCE to remain unpaid in London, bringing dis
grace only the company but might almost say
American securities This company now owes the first
mortgage to the Dutch amount half million, which
negotiated eight nine through the house
ofwillink Co., ofAmsterdam is also indebted to the
states Michigan, Indiana and Illinois, for stocks pur
chased paid for large amount, besides the
pal of the company, which believe 81 100000
What has become of all the money stockholders and the
community will enquire. The stock of this company,
some few years SINCE high SlO for the share of
500; and deep and dgraceful game of speculation
played upon the brokers in Vail street. by first tempting
them se out "on tme' and then it up by
ing AT that Louis M'Lane made president and the
better suberve the purpose prominent
citizens were induced directors The stock was
put their credit at 30 cts the dollar an nducement
for them and lend their influence to the specua
ton Mr. Cryde of the house of Morrison, Cryder Co.,
who has been this country about three months been
invited by the bondholdcrs London to act for hem
ate the concern; committee will be appointed for
that purpose.
The following is classification of the Directors acting
at the time the issue Of the bonds with the time when
the term of services of each class was to expire
Second S:i *. expired Third ssss s ssss er'e'
Jonathan. Gooihuc, Henry w. Hicks,
George Griswold Washington Irving,
Simeon Draper, Jr., Daniel Jackson,
James B. Murray, Peter M. Ryerson
First ,s sMs ss ef% s sl'' f'"fG si Mse s'a s''
Samuel Reeves Brooks, Edwin Lord
Edward II. Biddle, John Moss,
Thomas {. Cadw allader John Travers,
Carrot ID. Wall,
Fifth class expires March 1884,;
Louis McLane, Stephen Whitney,
Henry Yates, Isaac III. w iamSon,
Christian B. Zabrislsie,
We cannot but think these gentlemen will that
they owe it to themselves and the community give
light. Come gentlemen, out with it, Who has got the
spoils, Who had the pickings BY George the United
States Bank tell what Bdde knows about it, and how
many shares family had located in the marble shop
There material alteration in the market generally.
Philadelphia money is little WORSE sales made at
and 81 bills Charleston better in consequence
OF the resumption in that city One great reason of the
scarcity money in this market recently is the
quantity held back by dealers in anticipation of speedy
resumption Orleans funds to a fair extent held
here by dealers take of the rise in Of
sumption The probability is that resumption will
be forced the South by public opinion very soon,
and shaving operations Of the southern banks
turned against themselves The Georgia. New Orleans
banks in the habit of deprecatng their
funds much as possible and then buying them up
here selling bills whichever could be done the best
advantage. The popular feeling towards resumption the
prompt payment OF the District Banks when compelled by
law and followed by the resumption OF the Charles
ton strong indications that speedy resumption must
soon take place In this state Of things the high discount
on paper caused by the acts Of the Banks themselves
became temptation to capitalists to buy up and await
the resumption The preex Of the banks, which has been
that they could not while the banks north Of them
were suspended done away with by the resumption of
the District and Charleston banks. II those banks
pay follows that all well managed banks between those
points ana this city do The situation OF New Or
leans peculiarly favorable to rcsumpon the mines of
Mexico their command and In the present state Of
exchange the millions that are going from Mexico to
Europe would dow into their vaults they had credit
any thing offer for IT, Nobody, however will deal with
suspended banks. We have received the returns OF the
banks up 18th inst and compared with the returns Of
June, they are follows:
Nsw OnLrlSs B,Sxs rHs lsr JuSE, 1870 COMPARES
RETURN OF JULY 8, 1870