The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-02-26
Talk On Change.

We should have stated yesterdays article that the
subscribers to the Aerchans Exchange number between
600 and 100 merchants. The whole, however, seldom, If
ever, attend the day The Rotunda of the Ex-
change is also used by auconeers for the sale of real
estate and the public sale of stocks generally between
~ and Ia O'Clock p NJ. For every lot parcel of
either knocked down bidder dollar is charged by
the Exchange Company.
There Is something in commercial pursuits and enter
prise which is quite exciting During the thirty minutes
OF High Change" vast amounts Of property change
hands. During the famine years OF 1S47-'4S, Nave
known transactions to be made amounting from half to
near million Of dollars chiefly in American produce,
freights, &C. during Exchange hours. The amount of
transactions varies with the state Of the markets and
season Of the year.
Nearly all civilized countries are represented by
parties who attend change, who have houses
in distant parts of the world. Among others, we
find merchants from England, Germany, France
Spain, Cuba, Italy, Austria, and different parts
OF South America and from various parts Of the United
States, North, East West, and South. There may be
at High Change the consgnees or agents of ships
which at that very moment, may be beating their
way amidst the storms of Cape Horn, or doubling
the Cape of Good Hope entering the ports OF Calfor
mia Australia, China. AT that very moment, the
of their ships may be telegraphed from the top of
the Merchants Exchange their heads forty miles at
sea- having just reached the ofng after long and peril
Gus voyage from Shanghai, Canton Honolulu, in the
Pacific At that very moment too perhaps may be seen
feet of richly laden ships bearing away to sea, and
destined various European and other foreign ports
feet of inward bound vessels gathered apparently from
the four winds OF heaven Anon, fleet of steamers de-
part the day while others arrive lending additional
life to the There, during High Change, may be
seen leading dealers in foreign exchange whose bills
are sold and circulate within short period of time by
millions There too the cotton brokers and Dealers
whose transactions are also frequently quite heavy
There also congregate the -four, grain, and provision
merchants whose business is important and extensive
Indeed the meeting of merchants Change is sort of
daily business congress- in whose extended and ramifed
transactions is represented to extent the business
of the nation at home and in its external relations
There talk of leading interest yesterday From
what little was said regarding the agency Of city bank
in its efforts to give currency to wild cat money in New
York the feeling was decidedly adverse to its course
The idea seemed to be that had enough of free bank
notes aaoat of our own and that if Western other
fnancers wished their paper to pass muster here they
should redeem the at 4 per cent discount, the
same as is done by our own State bills issuers.
Some expressed hope that the city Postmaster
to come in under Pierce may make revolution in the
present building The facilities Of this edfce at present.
are horribly deficient both in the delivery and receipt of
letters for the mails There is for sufficient
the use of boxes who is sad would like to have them
From 500 1000 boxes they say ought to be pro-
vded and prices reduced At the letter windows
stiles ought to be provided that applicants may be
served in turn and without crowding.