The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-08-07
MONEY MARKET.
Saturday. August e. ID M


The sales athe stock board presented new feature
to-day Harlem improved tall the large contracts which
fell due in that stock were promptly taken up without
any attempt at reputation. Delaware and Hudson rose
|; New York State SIS 1885, ]; New York State rs Isae
felli.
1t will be remembered that Messsr Boorman Johnston
Co. recently repudiated contract of theirs with Messrs
Jacob Little Co., for shares of Kentucky Bank stock
On the plea that owing to the closing of the books of the
bank the stock could not be legally by Messrs
Little and therefore, the stock had turned out nfa
roraby to them they chose avail themselves of that
quibble and back out. This left to three gentlemen
as referees viz, Mr. George Newbold Mr. Daniel Lord
and Mr. James c. King Mr. Newbold is the President of
the Bank OF America, whereof Mr. Johnston of the firm
oil Boorman, Johnston Co.. is the most influential di.
rector MT Daniel Lord is the retained counsel of Messrs
Boorman, Johnston Co., and Mr. James G. King ;s on
Indifferent person. Messrs. Newbold and Lord have do
ced that the contract Us NULL on the plea of Messrs
Borman Johnston and Co. Mr.. James G. King dissens
aid decides in aver OF Messrs Little Co. The decision
oNewboid Lord we consider one of the greatest GALA
mites that has overtaken the mercantile reputation
city since the meeting at the City Hotel favor of bank
suspension. Messrs. Boorman Johnston Co. have pub
ished abook oftwenty -four pages! almost as
al reasons published by the State Mississippi for her
rpudaton) full Of for their conduct whereas
the truth could have been told in half page. The truth
"a"ays simple, and may be told in few words. II re-
cures great many words, however to explain injustice
and put gloss upon wrong We will hereafter point out
more iuiy the evils to be apprehended from this dsas
trons decision.
we learn that the Bank of Pennsylvania pays all sums
Oh interest on the State debt notexceeding fifteen dollars
In amount and that in the course of few weeks certi6
WIZ De ISSUED Tor larger sums payable in year.
bearing interest meanwhile The price of State 6ves for
the last two weeks has ranged from sab u, Gao nor share
Inc neglect OF the Legislature to provide properly and
fuiy Tor the interest had little effect as sucb cou-s
generaiy anticipated The condition of son,e os ths
holders is painful in the extreme as they have their all
invested IN the stock of the Commonwealth and arc non,
without the means of subsistence
TINS has been packet day for the British oueon hit
takes her departure tomorrow
The operations in the exchange market have been fr
mostly for the samr object that for the last pact, L
the import of specie The have been as fol,o,,s
landau J%sis jag i IN s y~iya 9oH'- .aur 8
f$ass,, ,s!s$ .sss ssSS ,s@lssc'ssss
A Anmbna.. g g ss3' saSs g ssHsse
Bremen issa'a7s "a "a s sas.s sSsS
In domestic exchanges there little change from our
quotations of yesterday On Baltimore and Philadelphia
they are at par, and on New Orleans at premium and on
Mobile at 40 al per cent discount.
In state stocks there very little doing and nut little
disposition to invest, and prices tend downwards
Thenoter oil the treaty is yet decided and many
fears arc cnertane upon the subject The navigation
the ST Johns said to be given up to the United states is
very eqnivoeal grant Outside of the line at which the
United States boundary strikes the ST. Johns is fall of
10 feet which renders the river utterly The
navigation and cannot be made available without
the cesson of the land side OF it, This fact has
hitherto been concealed from the public, but known to
the Senate.
Inc tariff now before Congress will be vetoed and pro-
pao none VIII be passed at the present session of Con-
gress' In order to show, however the feeling the ma
y we suhoin comparative table OF the duties mpos.
eu oy the last two tariffs and those the new BILL on the
leading articles Of import from England =