The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-12-13

MONEY MARKET.
I'm al N " nae 10-R u

Harlem up !; Norwich |; Illinois /; Illinois Bank ]; Ohio
4; Long Island declined B Canton Farmers Loan
Vicksburg Bank Kentucky and Indiana very firm
at previous quotations. North American Trust sold 49,
being an advance of per cent since yesterday; Ohio Life
and Trust firm at par. Nothing doing Wall street but
speculaons in stocks The brokers very busy fleece
ing each other at the expense Of holders of bank stock
The Savannah Insurance and Trust Company have de.
clared semi annual dividend of five per cent.
The receipts of specie in New Orleans on the st inst
were S65,s97 making the total amount received since
Sept LIST, So O27 $780,
From oot LIST to Dec st the receipts specie at Mobile
were $602, 379.
The receiver of the Urbana Bank Ohio is paying di.
vidend Of nine per cent on its circulation
The President of the Philadelphia and Reading Rail-
road is in London, endeavoring obtain loan of 81 0OO
900 for that Company He has been partially successful
This road appears from their monthly reports to be do
ng fair amount of business. The receipts for Novem
Der S54, 695 so.
The Boston money market shows great activity in
stocks, and an abundance Of floating capital Good dv
dend stocks particularly railroad have advanced within
few days large per cent Providence road stock has
reached 81 advances Worcester Isl for DID, and 5 for
news Lowell 30 do Auburn and Rochester l02 per cent
Western firm at $40 a49 rs; Norwich S33I Fitchburg
$97. Lowell manufacturing stocks have improved very
much, many Of which about making dividends. The
dvidend Lawrence 81 do; Appleton 4 do; Boot u do
fremont do; Merrimack % do ex-dvidend; Amoskeag
10 do; York. at Saco, 10 do Stark 81 do The Perkins
will doubtless make dividend of per cent. We learn
large part of the loose capital in deposit in the Bos
ton Banks is received from dividends the manufacur
ing and insurance companies of that section that have
been lately declared These companies have paid within
the last six months from six to per EACH which,
their immense capitals amounts to very heavy
All the channels Of investment being full this amount
goes into the banks deroste, for the want of
safe method Of employment The accumulation of capital
in the corporate companies in all parts Of the country
greater than the usual movements of trade absorb
The high prices of real estate for several years past
pared with the present real vaue-the mort
cages created property when its worth inflated
that cannot be paid with the premises mortgagedthe
scarcity of property and the abundance OF
money enabling of real estate to obtain capital
without endangering their land and houses and paying
per cent interest create much idle capital that
cannot be devoted to profitable in safe legitimate
manner, that its value decreases and accumulaes in
bank vaults is devoted to species Of speculation that
approaches very near to gambling The banking and in
surance companies Of this city, and several nterestpay
ing states will in the of sixty days brow into the
| market than million of dollars. This increase to
the present immense amount will give additional i'm
petus to all the bubbles already much inflated and
|
otherwise Many of the dividends DUE or about due will
fall into the hands of individuals who are anxious
to increase their wealth. by few fortunate spccuations
In Wall street The result of the whole movement will
be that few of the shrewdest operators backed with
bank loans will get all the oysters and distribute the shells
to those possessing less experience and foresight.
The report of the Secretary of the Treasury does not
show the financial condition of the government so plain.
y as we could wish He gvesaggregaes instead of de.
a and in estimating receipts and expenditures is not
SO particular in giving the importance of the SUBJ
ec demands We have taken the Secretarv tables and
arranged them they can be understood NJ o,a,o
| RECEIPTS AND EXPENDITURES UNITED srArr,
| lS4l.
Amount in the Treasury on settlement Of ac-
counts, Jan. I, ls4l.... .......... $2s 6S5 Ill
10 be deducted as not available. 20 $50 4A
So that in fact there actual deficiency,
jan. !, 1871, oil. 1904 1923
1912.
| Receipts into the Treasury during Isio ex.
elusive Of trust funds, and Of the avails Of
Treasury notes and loans, were. S19643 966
TO supply the deficiency in the revenue and
| to provide means for the redemption of Tea
sury notes. others were issued and loans
obtained to the amount Of. .......... Ii,sos,7s5
saa, a,2, 7oi
| Expenditures of the same year, exclusive of
the sums paid on the redemption Of Trea-
sury notes md interest recent loans and
account Of public debt, were $23 g22 037
old public debt Treasury notes
and interest, and on loans e477,s6S
Deficiency in the Treasury Janu-
airy list, lS4l. ............ 604,323 80 ,22S
Balance in the Treasury Jan. ls is4a. Si449473
lsi3.
Receipts into the Treasury from Jan. LIST to
July LIST, exclusive of the avails of Treasu.
ry notes or loans. .;...;. ss.OeS, 1916
To provide means for the redemption Of Trea-
sury notes, others issued, and loans
obtained to the amount of. ....... b5a5 los
loan was made under the act Of March g.
ls43, of seven millions, nearly the whole of
which was received that quarter. ...... 6e3.OOO
Balance in the Treasury JAM LIST lsi3, brought
down ACKNOWLEDGEMENT. l,4i9,473
S2l ,99l,5o6
Expenditures, exclusive of the sums paid on
account of the public debt. :. Sl0,69s.39O
Amount paid for redemption of
Treasury notes and for principal
and interest the public debt s6l GOT IL $50 oo7
Balance IN the treasury July lst, ls43 Sl0,4345Oo
Receipts Of LIST quarter present fiscal year -
From customs S6,l32,272
Public lands. ........ 3SS,S7O
Miscellaneous ........ 26.S7l
Residue Of subscription TO loan of
seven millions. :..;; .....:. $4,000 e,eil,Ols
Estimated receipts I'd quarter-Customs
$3,IOOOO0, Lands S537 900. ........... 36s7 COO
Estimated receipts ID quarter-Customs
$4,000, O00 Lands $500 000 .......... 100000
Estimated receipts ith quarter--Customs
S3,600,0O0, Lands S5200O0 Miscellaneous
$4,000. ACKNOWLEDGEMENTS. 4,i7ooco
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