The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-07-03
MONEY MARKET.
sunday, July I'D p.

Inc merchants Baak OF BALTIMORE semFanduaI,
three per cent
The Western Bank of Baltimore semrannual two per
cent.
The Citizens Bank of Baltimore semtannua two per
cent.
The Farmers and Planters Bank of Baltimore, SEMI
annual, three per cent
Mechanics Bank of Baltimore semi annual three per
cent.
The Union Bank of Maryland, semi annual, two and
hslf per cent.
The Merchants Exchange Bank, New York, a semi
annual, three aud half per cent payable the 10th
inst.
able on the 5th.
The Phenix Bank, miannual, three iper cent nav.
able on the 10th inst.
The Protection Insurance Company, of Hartford four
teen per cent, payable on the l4th inst.
The aqueduct of the Chesapeake and Ohio Canal at
Alexandria has been completed ona the water will DO
let into the Canal between that place and Georgetown
Tuesday next.
few days since the State Bank in this city received
from of their correspondents certificate OF deposte
for $3.50 in the Middletown Bank of Orange county. 1t
was ts the order Dodge, and was signed
to the MddetOwn Bank and returned thence this morn.
ing as aforgsry. 1t s dated May 18th, s4S; Is well
gravsd Marine Co. r. engraves and wears every
to be on the watch against other orgeres Of this descrp
ton.
Wehave recently remarked on the great change for
the better which has taken place in the management of
corporate companies This peculiarly manifest in tho
affairs of the Halem Railroad Company Instead of hav
ing set Of directors to borrow money FROM and waste
the means Of the road the present management came
into power when the concern in most delapdated
condition They Immediately reformed its conduct and
have, in few months not only earned current
penses 100000 and spent in improving the road nclu
ding for cars but have prosecuted its extern
sion to White Plains with great vigor The inhabitants
of Westohester contributed most of the for that
purpose and five Of the directors subscribed 5000 cash
each. This will open rich and populous section of
country the trade Of New York. and be highly bene
cia well to the citizens of this city to those of
Westchester county.
The highly favorable accounts received Saturday
from Europe produced singular effect upon the stock
market. We remarked on previous OCCASION that the
dealers divided the question as to whether
stocks would return from Europe for sale not at the
high prices current here The bears operated largely
in expectation that stocks would he over and when
the vessel arrived without bringing they endeavored
to get in their contracts best they might The chief
feature of the stock the movement of the ILL
nsis commissioners who left here in the Caledonia the
st July On that day the stock speculation here at
its heighih; sales folows:I lno,s4l Ohio 6 o.
Kentucky par; New York 5s.ls5s par; Iadana 6s no.
There then every prospect that prices would 60
higher That vessel arrived out the 18th and the
Great Western sailed the l7h consequently the COM
missoners could have been in London but day. The
London Morning Chronicle, however, remarked fol
lows
The news from America received to-day il 10
revive the spirits of merchants and
well as Of the unfortunate holders Of American State
Stocks. The effect Of the has been gooi, and is
likely to activity in trade, whenit has had time
to operate in the manufacturing Districts IL appears that
the desire for cutvatug extended commercial in
ted states and that some OF the northern msnufacturinr
States had shown inclination to abandon the resric.
tive dSStrnes andto support the principles Of berata
riff The advance in the price of State Stocks certain
ly encouraging and the altogether from the United
Stotes OF cheering character.
In relation to Illinois, paper remarked as follovs:-
1t is stated in the American papers, the latest dates,
that the commissioners oil the State OF Illinois, charged
with procuring subscriptions to the loan for the
completion of the Illinois aud Michigan Canal
ceeded in obtaining the OF than twothrds in
interest of the holders Of canal bonds that side Of the
water the project; and that they had left for Bo
ton to embark for England II they should succeed in
inducing the English bondholders to subscribe and the
canalaw goes into effect, the following will be the
condition OF the State debt of Illinois
By settlement with the banks, the debt was
reduced, 100000
BY sale of internal Improvement property, i7aoooo
BY settlement with MAlister and Stubbens, 100000
BY the provisions Of this canalaw 6000C00
Si0.42O,0Oo
This, deducted from SI4,4s7,4 All 94c. the original
interest Of which, and ultimately the principal be
paid, with suitable effort, by State possessing
tural resources Of Ninois.
This the papers heretofore loud in their
denunciations of American credits The practical effort
of the feeling upon the stock market seen in the fol-
lowing comparative prices from Barings' circulars of
April 4, ls4s, and June l7:-
AMERIcAN SrocKs IN LONDON.
New York State IS. q ss sales.
-" Civ SIS, 90 86