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Commercial

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Parent Issue
Day
11
Month
July
Year
1842
Copyright
Public Domain
OCR Text

Price of Wheat in Ann Arbor, 04 cents per bushel. Flour do. $5 per barrel. Virginia Banks. - The banki of th:8 State are required by law to res-jme specie paytnents Nov. 1. It is supposed, however, that longer lenity may be granted, by the next legislature, as 55 members of the last legislature were indebted to them in the aggregate sum of $100,675. In preparing the way for resumption, the following was theprogress of these banks during the year 1841 . Incrcasc of outstanding debts, $667, 462 Incrcase of circulation, 380.93 Deer case of epecie, 27 281 Total inweased mability to resume payment, $1,076,027 The cost of banking housea is about half a million of dollars, and they will sell for about 20 per cent of the amount. The salaries of officers of banks is $200.000. The balance due Northern Banks is $200.000. The last known sale of stock ia the bank of Virginia was at $45 for $100. The bad and doubtful debts of" that bank are $500.000, besides $600,000 on whieb no interest has been in tvvelve months. - Emancipator.The Whcat. - The prosnects of the wheat harveste were never better. ïf ever before so good, in the Genesse Valley - reiiowned ns this valley is for its excellent wheat. The uncommon coolness of the senson isjist right for whcat. though it causes some grumbling about other matters. The accounts from all quarters concur in giving similar prorrrse of an immense wheat harvest - west and south. as well as north. If tliere is Htarvntion this fall, it won'í be for scarcity of flnur.- Roch. Dem. Of the 22 banks now doihg business in Ohio, tlio chnrters of 12 expire on the Ist of January 1843 - and of 2 of the remainder-, on the Ist of January, 1844.Nsio Orleans Banks. - The New Orleans banks have all gone imo suspension again, and have agreed to receive each other's notes in payment of cebts belonging to tliem. Strange as it may seem, the excitemeut among the people ran so high r.gainst the few banks that cominued io pay spocie. that mob violence was threatened. The plan ac!opted by the banks of equalizing the circulation had the effect to restore quiet. - Cleve. Hrrald State Interest.- The New York Commercial snys, it is now certain that the following States will pay up their interest July 1 st - viz: New York, Ohio, Maesachusett8, Maine, Maryland, Virginia, South Carolina, Alabama, Louisiana, Missouri, Kentucky and Tcnnessee.

Article

Subjects
Signal of Liberty
Old News