The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-06-24
MONEY MARKET.
Esidnv. .June 23-6 p. nj.

The stock market much better to day. and prices
generally improved. Harlem per cent? Paterson Il
Ohio per cent; Kentucky, per cent Illinois ndi
ana $50 per cent.
At the New Board sales small, and prices not
high.
The old Atlantic Insurance Company have declared
dividend of thry-ve per cent. This company ceased
underwriting in June 1884, end then divided fifty per cent
their surplus and in January last twenty FIVE per cent
Since their first dividend June, 1880, than
four times the capital has been returned in dividends to
the stockholders.
The Tradesmens Bank, semi annual dividend of FIVE
per cent payable on the day OF July.
These bills put in circulation Of the Panded New
Jersey Bank. They new, and many of them bear
date June l. ls4s The cashiers name cannot be read
II anything nothing These bills emanate from
the source those of the Jacksonville and the Ma
nufacturers Bank of Ulster without the safety Of the lat
ter. The Ulster Bank under the new law, and no
bills could be issued without adequate security in the
hands OF the Comptroller. OF that could not be
made profitable These Planfed bills can be thrust into
circulation according to the creduity OF the public and
the extent of the ultimate explosion, will have other
limit than that of their " confidence"
The following official announcement has been made:-
OFFICIAL.
Official information hos been received AZ the Depart
OF State that the nsalmen of interest due to the CT
zens OF the United States under the first article OF the
convention Win MEXICO OIL 3Un was pBlu
on the 29h OF April last and that the amount has been
safely retted to this country and deposited in the Trea
sury Of the United States.
The amount OOo and will most of ii come here.
One of the most gratifying features the money market
to business is the violent fluctuations of stock mas
much they evince the approach sound and re-
guar state of affairs based upon actual values Ten years
since great number Of public works projected in
all directions and constructed through the medium of
per promises in the most expensive manner. 1t may be
said all those works in advance Of the aeualwants
OF the community consequently when the magical paper
which produced them lost its virtue the apparent value
Of those works vanished running the PROJECTORS The
population of the whole Union is now 40 per cent or
inhabitants greater than when those WORKS were
projected. Hence the effective demand Tor those acr
es of trade has increased in the same proportion while
the themselves have changed hands and come into
the possession of men of actual wealth at less than half
their original cost The intrinsic value of all those i'm
provement, thus greatly increased while the cost TO
present holders is immensely diminished. For instance
the Merchants Exchange projected after the great
fire in 1895 when the inhabitants of this CITY were $50 900
II s9OO00 o0 and has passed into the hands OF
Barring Brothers, for 100000 The inhabitants Of the
city 100000 and the whole Union lsOOs 900 in
steal of 100000 Hence the actual want Of large
building for the purposes trade has increased 40 per c
while the property itself required pay the interest
81 100000 instead Of 81 600 0os the capital being
AS another instance, we may take the Harlem Railroad
Tha was projected in 1885, when the population OF New
York city was 2o3ooo and the State iolsooO The for
mer is now 35oooo and the latter 27oo 900 consequently
the want Of such road has improved in that proper.
ton. The road cost in 1884, with that small population
100000 Of capital stock and 800 900 Of debt The stock
fell price last to 50 per shsre Of $780, AT that pce
the to X was purchased by Of wealth. who now hold
OF average cost OF about $40 per share Inc present
price 10 siS which reduces the capital to s2SoOoo Now