The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-06-23
MONEY MARKET.


Stocks experienced q further decline to-day Long
Island fell OFT per cent; Canton Il; North American
trust Il; Vicksburg d Norwich Worcester ,; soning
ION i; Reading Railroad Farmers Trust Iii Ohio Ga l.;
ennsyvsniabs III Illinois 81 Kentuok SIS closed firm
at yesterdays prices The sales either board not
very large aud the market is daily becoming and
more depressed The bears getting The ascendancy,
an we hove no doubt much lower will be reached
The market is overrun with all kinds of stock, many OF
winch are in weak hands and daily forced into the
boards fer sales.
The report Of the National Bank of Ireland Tor 1912 and
lsa3 does show very favorable state Of the nsttu-
tion The depression of trade and low price of money
had induced the directors to reduce the annual dividend
from six Ave per cent which would hereafter be the
regular annual dividend until improvement took
place in trade and The undivided profits in
December. 1912. were f3l,3l6 las, to which must be
added the net profits for the year ending ls3 e2o
d. together fi9 500 81 Id, from which the two half
yearly dividends of 1913 being deducted amounted to
fl9 $50 would leave the amount of undivided profit in
December ls4s Gao ESQ IS ID
There was an insurance the ship Macon, of Now
Bedford lost at Of $4,000 the New Bedford Mutual
Office on the cargo. which will be partly saved
sci and outfits $sO0O at the Whaling Office and $40 600
at offices in this city. The vessel would bea total loss
The decision Of the Chancellor of New Jersey in rela
tion to the Morris Canal stock anxiousy looked for 1t
have acted under orders from the court and would be
unjust to place the responsibilities of their movements
their shoulders The contracts laying awaiting the
decson to a very large amount, and it is presumed
they will be all cancelled and the stock in the market is
sued by the receivers withdrawn. Several Influential
gentle making great efforts revive this work,
and settle the liabilities of the company bycompomses
The Paris banking house of Msssrs. Cacca & Co. has
declared its insolvency The debts said to
several millions of fraacs Several members of both
chambers who had deposits in it will sustain considerable
loss M. Caccia was banker to the Pope.
The canals of Pennsy lvania have, far, been
productive this year than last Upto the l2th inst the
ecfpts of tolls at Pittsburg wero foows:-
Tolls received in 1914. ................. S24lls 10
10 20 iSto' ..'............ H,soS w
Excess in favor of 1874. .......... &c. I55 rs
Whole amount this year from the opening of
nav sviga.ion 10 June IL. 500 I67 4o3
same time Is 1913. ACKNOWLEDGEMENTS. 49,032 543
Excess in favor Of 1874. ........ 81, 1874 500
The excess of tolls this year shows the difference be.
tween the rate Of tolls this year and last The scale
charges is much larger this year The canals of this
State show greater increase than those OF any other
State in the Union, Those of Ohio come next The in.
terna trade of the country s represented by the
ments OF produce &c the internal works and
perity OF is criterion OF the Of the
other Our railroads have increased their receipts a
much larger per than the Canals showing the bene
ITS OF individual enerprze compared with those resulting
from the movements cfgovernments.
The Cotton markets remain very much depressed Quo
tations have not fallen off much on this side of the
Atlantic as on the other but operators here are afraid to
move in the Market and striving sustain prices by
keeping quiet.
Ouo AZ