The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1845-07-01
MONEY IAREkET. l..
Monday. June 3O-G II. M.

show advance of fraction most Of the fancies
The sales not very large but operators exhibited
better feeling. Stonngton went up IA per cent Nor
witch and Worcester II Morris Canal Long Island
Il Canton Harlem I ; Farmers Loan fell off Penn
syvania Elves closed firm at Saturdays prices All the
State stocks firm The books of Pennsylvania stock
close tomorrow and sales made after will be quoted
with dividend of.
Sterling Exchange closes firm at % % per cent; on
Paris at 5f274 sf26t The demand is not very active.
The Old Board Of Brokers passed resolution to ad-
journ from Thursday to Monday of the 4th
Of July.
1t rumorcd Wall street this morning Tint forge.
ries to large amount had been discovered duplicating
parties formerly Of high standing this city, The
amount already known is about $40 GEO. and it is suppo
sed that the extent to which the operations have been
carried, will make the amount very large
The amount Of duties received at the Custom House Of
this port from the LIST to the 2sth of June ls45,
S1,172,09l 81. The amount received for the month o.
June last year. ST 1863, showing falling of
s7Ss,272. This may be reduced about nifty thousand
dollars by the receipts to-day leaving deficiency for
June this year compared with the month last OF
about S735,00O
The Phoenix Bank of this city has declared dividend
Of three per for the last six months payable the
10th July.
1.-THE last nstament of the debt contracted for the
construction Of the Erie and Champlain canal becomes
due Tomorrow and will be paid at the Manhattan Bank
The amount of principal is s7sa6ao The amount to the
credit of the Commissioners of the Canal Fund in the
Manhattan Bank this day, is
Erie and .Champain debt due ;. s7s2,62O
Interest on canal debt. .2l5,sl7-- l,o2s 537
Balance after paying Champlan debt and ntst S20l
This balance will ho applied to the redemption at par
Of the ave per cent stock issued for the
the Chenango canal, which fits due the LIST of JAM
1896
The receiver of the Commercial Bank of New York
has made dividends to the amount of seventy per
cent and about closing the affairs of the concern
This leaves demand of thirty per upon the Comp
troller to be drawn from the safety fund
The agent of the Madison and Indianapolis Railroad
Company has succeeded in obtaining loan in this city
and in Philadelphia Of 0OO The grading and brdg
ing Of the thirty miles from Edinburgh to Indianapolis
have been put under contract favorable terms The
cars, in few weeks, will fifty miles from Madison
The receipts for March, April and May 81 AGO. be-
ing $4,000 more than received for the corresponding
months last year Our Eastern capitalists appear have
great deal ofconfdencc in the prospective productive
Of the railroads of the Western States and literally
subscribe for their completion We have no doubt but
that in few every section of Ohio will be connect
ed by lateral roads running from the main open
ing communications from theOho river Lake Erie The
public improvements ofthe Western States mu st hereafter
be constructed by individuals the governments have
become too deeply involved to attempt any thing of the
kind again. Private companies invariably are more sue
cessfnl in building railroads and canals than govern
ments, and make them productive after they are
completed. The most profitable public works in the
country have been constructed by private enterprise
and wo have been taught by dear experience hat govern
ments are not able to compete with individuals in making
Improvements in the modes of communication between
different sections Of the country The extravaoancc
and useless expenditure that attend the construction
all state works. require the receipt of large revenues
from them, to pay the interest the outlay and
legislative cnactments protecting them against conpeti
ton whereas individual enterprise is compelled to pro:
ec itself against all rivals and only become profit
able when perfected at the most reduced cost.
We the prices at the close OF operations
oday, for the stocks used in this market principally oi
investment =