Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-05-25
MONEY MARKET.
Sunday, May 2I--G p. NJ,


The accounts from China which reach day are e
more favorable nature There disposition the part
of the Chinese TO comp, mise.
Yester but small business done nothing occurred
to relieve the markets Of their gloomy features Capitalists
waiting with anxiety the result Of the proceedings a
rsbu aud not without uneasness az the probable passage OF
the bTreasury Bill THIS has long been bug bear in the
msrket aud the anticipation Of its action has
real msehiefhan its actual eraon will do Trade
trammeed By the impossby Of getting money eouD
south. Our banks III touch papern
therefore the merchants very cautious selling Many OF
dry goods houses have actually received eonsEnmens Of
flour from the OF payment This approaches
very nearly barter trade Instead Of the sound banks depr
cang their par with the broken banks OF
south the south seep their currency par with New
York. ey wish 10 keep their credit good the Of
trade The sales al th- Stock Exchange SMALL U. $
Bank declined c,nt Harlem cents stonington per
cent; Farmers Trust per cent.
Nothing has yet been done in the Pena vana legislature
towards rcdeomng the honor OF the IA evident anxiety
for the situation Of affairs is fast Increasing In Philadelphia
The former advocates Of The suicidal Of the state in k
CALLING suspension in order 10 borrow that the question
Of taxation b. p,sipond, becoming result
Of the The absolute ruin which nearly before
the state has caused alteration the Of the
bink organs. II The credit OF tie lost the erpanded
banks lose almost their last chance Of recovery and they
becoming anxious that guIar Of meeting
should b. authorised by the state order 10 restore
confidence her stock both home aud abro, The expand
ed banso those whose affairs being badly
necessity for suspension which otherwise would not have x
ed aud have been cxsriing themselves to the utmost in
order compel the others continue the things
The forecast and ability display in the management the
T. s. Bank has thus far been Successful in obtaining the mag
terry in the south The order Of talents ds3ayed 6aauee BIZ
The head ofthe U. Bank il similar 10 that order OF military
talents ascbed 10 MoreaubF Napoleon who styled him the
retreang General in ausion 10 the famous retreat through
the Black Forest Mr. Dunlap suspendng Finan.r The
operations Of trade have sen the southern banks the power to
but they choose rather 10 dprsci their own PAPER
in order 10 chase Il al profit New Oleans paper AZ
usicn remt Of the currency Of that city,
has the following.
Mr. Bennett says that the depreciation ofthe southern cur.
increasing which txpaa-
scn of those banks under the rrtdsemabe pocY-
here Has there been expansion IN this city
We lsk the thousand industrious rchan who
court, n there h, been such thngl No The
has been forced down and n { upwards
These remarks sho e Acquaintance with the
movements Of the New Orleans Banks and trade New Orleans
u the great centre Of southern trade. and the chief market
for cotton The Of her bank therefore, have great
influence other point Sine the the Banks
have published their monthly careful Observance o
the figures thus put FORTH connected with the trade Of New Or
leans led 10 the assertion that they expanding The FOL
lowing the data:-