The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-03-27

90 emission
Foreign exchange at the south is gradually declining,
in consequence Of the heavy shipments Of cotton
In Mobile the falling off has reached from II to per cent
The receipts Of specie at Mobile the
Of the to the 18th inst amount nearly two mil
Lions Of dollars
The Farmers Bank of Mary land has declared halt
yearly dividend Of three per cent.
The Supreme Court of Massachusetts have decided
against the claim of the Hamilton Bank of Boston, on the
Phoenix Bank of Charlestown, under its attachment and
removed temporary injunction upon the receivers This
removes obstruction settlement OF the Phoenix
Bank affairs.
The New Orleans papers say that Texas notes are
brisk and improving They further say There appears
to be an impression the public mind that treaty is on
foot with Mexico for the cession of her claims Texas
to which impression the prolonged stay of minister
and the return corvette which to have brought
him home gives some color The dispatches too that
have been recently forwarded to him from Pensacola, in
dicate that something of importance is on the tspis
Texas notes were negotiated at 10 to 10Y g. and
large holders refused to sell these prices Some
lew bonds were sold at Is q. They than
notes and could not be bought in quantity under IA
lHe."
The great abundance Of capital laying idle in all parts
Of the world will continue to unsete trade until
md permanent investment Every staple article will be
subjected to speculation, and to certain extent they will
parts Of Europe disposition to speculate in coffee and
sugars These accounts have produced similar feeling
here, and it would not require much urging to get up
excitement regarding either of these staple articles while
money remains cheap. and is 80 easily obtained Up
wards of 1000 bags of coffee changed hands in Hamburg
in about two weeks at advance Of to So per cwt
Blk cargoes Of 81 Domingo and Brazil and large amounts
Of other descriptions sold in London, within short Pc
Rod at Of As to 5s per cwt The Netherlands
sales Of their coffee would off the 7h and 18th Of
March The first day they would offer 1885, 900 bags and
the second 4s9oo0 bags In consequence Of the recent
movement in prices, supposed the whole stock Of
red would be taken of at advance previous prices
Movements somewhat similar to these will probably
spring up very often but like those made in cotton they
must gradually subsde into the regular channel Specu.
atve ices may for time be aimed the excite.
nent becoming reduced, it will naturally follow that
prices will become reduced ALSO The prime movers in
getting up any speculative feeling, invariably get in
time to themselves at the expense Of those induced
to take hold Of the the last stages Of its exist
ence. .t
Meetings have lately been held in different parts of the
country to adopt to prevent if possible any
eraons in the present tariff laws The largest as holden
IN Philadelphia on Monday the a5th inst. which wa,
called by the manufacturers of that district It de-
cided on the spot that the present act regulating duties
WdS pcCAect III HI eaures-tnat Is, minds oil
majority of those present It was in fact a political
meeting in every particular
By statement just published of the affairs Of the
Banque du Peuple ontrea to the first of March, 1874
find that its notes in circulation to E647s6
bullion and coin on hand to f24 notes discounted
securities and obligations, to $40 Is Id total liza
bities to fli6227 IS Sd total assets to f26 5O 49, ID
The Tariff Of Tolls the Canals of this State have
been fixed by the Commissioners for 1874 They do no.
vary materially from those current last year. The i'm
quantity of produce that has, since the closing
navigation been stored at the different depos elong the
line Of the Canal will be Immediately forwarded and fiji
up the from tolls very rapidly The sudden do
cline in prices at the close Of the last Fall compelled the
producers to hold on to their produce instead Of
ing to market Most Of this will reach market soon
after the opening Of the Canal and present prices will
yield the farmer better return for his labor II the tolls
those ot lst3 did those of 1872 the State will be able to
meet the payments the heavy debt without abatement
and without resor.ing to any other tax. The tolls
from the several Canals lest year as follows =
Erie Canal ST. $50 800 81 Champaign, $i02 20s so Os.
wego, $50 2O3 90 Cayuga and Seneca s94lT 80; Che.
mung 81. 7a6 So Crooked Lake. 81, 1913 Is Chenango
Sl6,.9i u.s. Genesee Valley. S5,29l 49,; Oneida Lake
S507 "a; Seneca River Towing PATH S296 go Total
$2Os ,5s5 30 showing increase of S3a2 3sl % over
the receipts Of is42 and exceeding by s4602 AZ those
Of 1871 The expenditures the canals in 1913
1888 O79 So in s.a S452 SOL 96 less in lsi3 &c.,