The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-12-01

R.9 n: O. F''f Sept s. Nov y0aR s., q,
%ass. ss.ss 'sas s.s.s 9 ,.s ss, e
S s%:s::s' 4 1::I;
The rates of specie are as follows:-
sssi" G %Ga sss; ss.'0o' s s,ss SO
pss.6 s Sous Sc s g American S0'd par
large amount of specie has already been received
from abroad both here and the south continue
to fall The large sum- nearly So Oo from New
York south has raised the rates between here and the
south, but they far from firm The the south
follows -
Charleston ,s Sterling BIZ, ss%snM York. Specie
S Si53$s:s A. 81 !, 4; +, 81,
The forward movement of the crops the absence of
any improved demand for bills, gives constant down
ward tendency bills The small demand for bills from
importers may be estimated from the fact that New
leans where 10 per cent Of the United States
received the actual receipts for the first three quarters
the present year and large estimate for the fourth quar-
ter gives but $sssooO, which would make the
Of the United States for the year short of
OOO to meet expenses of Sa5OOOOO0 These receipts in
cude the bonds of former years. and the cash duties
the whole imports of the present year. The currency Of
the south slowly coming right The Union City, Com.
mercal and State Banks of New Orleans have resumed
before the time required by law This makes six specie
paying banks at that pontque enough for all practical
purposes In Alabama the Legislature is about to
vene and the likely be pursued may be gather
ed from the following passage contained in letter of the
Hon. David Hubbard -
"At least two of Banks should be placed in the
hands OF Commissioners at the next
OF gradual winding up commenced with the balance. If,
after the reports in ascerained that the Tusca-
ioosa Montgomery and Huntsville Banks can go into
law compelling them to do But if they resume
by that time they should be compelled to pay out mme
be made of the amount of silver in their vaults and
laon in the country-and how much could be paid
each dollar The Banks should then pay the ratio on
ry dollar say fifty cents) presented take in the whole
amount and instead of paying the deprecated
Of other Banks pay out post notes falling due II and
Is months and bearing per cent interest from date till
paid"
This it will be is halfway measure and indcat
disposition still to amper with broken banks and toe-
| rate an irredeemaae currency. The motive which
prompts to this is tantamount reputation in
much if the hanks being found unable to pay their
debts compelled 60 into liquidation return to
ton is inevitable. This result there is disposition ito
dodge" What it is proposed to achieve by compelling the
banks to turn the specie out of their vaults and then
driving out of the State by post currency is not
easily seen. After the first January the Ohio cur.
rency will be pruned away and the number of banks re-
duced from 81 formerly In all sections the Union
the currency becoming sound and the movement both
accelerates and is supported by the state othe foreign
changes.
Atthe date of the last packet remarked upon the i'm
in sound stocks consequent upon the result
the New York election. That feeling has continued in
regard most stocks and will probably continue SO to do
under the abundance of money seeking investment The
following the rates of the latest transactions =:
PRieEs OF LEADING srocxs IN THE New YoRx MARKET