The New York herald., 1844-09-09

than those ruling through the week. but the variations
are 80 very ing that there cannot be many fortunes
made in Wall street until the market changes and the
fluctuations become greater. During a period when
quotations are SO regular and uniform operations
merely made to keep the machinery in motion What
little speculation there may be in the street is confined
the Norwich and Worcester and Long Island The sales
ohese stocks larger than all others put together
appears impossible to get any permanent improve
ment Amidst the uncertainty that surrounds all stock
and speculative operations the regular merchant is
doing very extensive and legitimate business
Credits have not yet become too extended and
although the anxiety to increase trade is very
great there is not that careessness and recklessness
in giving credits that Immediately preceded the re
vulson Of 1897 Our imporations of foreign merchan
disc have been unusually large up this tme we
pleased to perceive that arrivals from both
Great Britain and France show very sensible decline in
the amount OF imports. The manifests Of the packet
ships Switzerland from London; Garrick, from Liver
pool and Sully, from Havre all show very great falling
of. cessation of mportations great reduction at
this time, would do much towards regulating the balance
o. trade for the year. The expectation of few millions
of collars in specie would 60 far towards reducing the
balance against us, and creating equality that
will benefit this country very much On the other hand
should the importaons continue throughout the season
at the rate they have nothing could prevent
relapse of the commercial classes the state from
which they are just emerging.
During the revival Of business and the establishment
Of Credits spectators make great efforts expand their
movements and fasten themselves upon the commercial
classes merely to advance any bubble they may for the
me be interested in. Any expansion in the
of banking institutions brings into existence many
financial geniuses who palm c the public all kinds
Of worthless paper money The great reduction that has
for few years past been going the currency has
thrown out of this market those who figured largely
in former years with their plasters but has thrown
into the Western country the paper issues of these
fnanciers. The scarcity Of New York money in circu
laton throughout the West and the of Paper
issues from the local banks, created demand for New
York funds, which in supplied by the cir
culaon Of post notes represented to be Issued by rte
banks Of this State These notes. supposed to be New
York funds, were eagerly taken, and value given in
change the mistake not being discovered until they
sent here at maturity for collection. These swindng
operations have recently been carried to in
the Western States, and the parties engaged in them
make Wall street their head quarters Another
resored to to supply paper money to those anxious
to extend their business and to fill the pockets Of the
Rnanciers, is to gavanse deunct bank under
name. bring out new and handsomely engraved
bills and not stop any to give them circulation
until the credit Of the has been inflated to its ut
most and then drop it, leaving the bill holder to find its
redeemer where he can These operations almost OF
daily occurrence and there cliques constantly
gsged in this species Of swindljng. There enough
good banks in this city and State to supply the west with
New York funds, without compelling those Of that
tion to take post notes. the issuing oil which is ndict
able offence even when made by good bona fde bank
and there enough good and well known banks in this
city and neghborhood, the issues Of which are saic
without receiving those Of doubtful character coming
from institutions without the smallest capital, and man.