The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-07-14
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fittsburE, July l.. ..l2 ieet rising
'o"ssvAie, June ~ - % 'oe' ? -
MONEY MARKET.
Monday, July 1875 r. NJ.
The stock market was very heavy this morning. and
at the frst board prices fell of fraction. Harlem de-
clned per cent; Norwich and Worcester, y; Canton,
y; Ohio 6's u; Kentucky 6s Nj Reading Railroad and
Reading Railroad bonds closed at Saturda 3 prices
At the second board there was an improvement in
Harlem Of per cent, with very limited ssles None Of
the other fancies improved.
The Ohio Life Insurance and Trust Company have de-
clared sem.annual dividend of per cent payable
the 22d inst.
The Northwestern Insurance Co. of Oswego, N. T.,
have declared dividend of par cont the PROFITS OF
the last six Notwithstanding nine per cent for the last
twelve months-psyabls the Goth inst stockholders
in this city will receive their dividends at the agency Of
fee, - Wall street.
The Delaware and Raritan Canal, and Camden and
Amboy Railroad and transportation Company, have do
clared semi annual dividend Of per cont payable on
the 18th inst
The Bank Of Kentucky has declared dividend OF 2H
per cent payable at the Bank Of America the 18th OF
July.
Accounts from Detroit state that there Is too much
reason to apprehend that sale Of the Central Railroad
will be effected The corporators disposed to pur
chase the road but is understood that the bondhoids
insist upon such terms as render it mpractcable They
are under an impression that whether the railroad
sold or not their interest will be promptly and fully
paid
There has been considerable excitement produced In
the Canadas in consequence OF the Withdrawn OF inc
monopoly the citizens of British North American pro.
vinces have heretofore enjoyed in the shipment Of
breadsufs to the mother country. II has been that mo-
nopoly alone the entry Of brcadstus in the ports OF
Great Britain which has given the Cunadas any trade OF
IN nd Z xrill he bv
made UP BY good authority Montreal that that ship
mens of -four from the port of New York. can at all
times be made cheaper and that all things being equal
on the other side shippers this port have margin OF
nearly two shillings currency per barrel
We annex the statement, to which we have alluded
above from the Montreal EconOmis for the purpose OF
confirming many estimates we have previously made In
relation to the same thing -
SHIPMENT FLOUR FROM UrrrR CASADA TO L'vrarooL,
New YoRK AND MONTREAL RoUI Es
The freight Of -four to British ports ha. nov risen to
s. per barrel-an enormously high for this season
Of the year By the following calculation we find that
-four be sent from Toronto, via New YORK, TO
si 5 I'VE o
Montreal.
Freight from Torouto to Oswego, and thcnce
to New York incl lding cooperage and car .
tage to ship,-o0 cents or sterling. % Id
Insurance at It's Cd. per cent on 1873. Os H.
Freight. New York to Liverpool. ."..... IS
Duty .............'.. ~ o.
7.el
MONTREAL ROUTE.
Freight from Toronto to Kingston. %. os Cd.
Freight from Kingston to Montreal. -. "a
Insurance. O.. = ..:.::.''..'''. a.
Carriage and Cooperage. ....Vs 1>sS
Currency, Is loL a. SKd
Freight, Montreal to Liverpool g. Cd.
Insurance. at 9os per cent on les.. g. AID
Duty. 'AI
W. can pl.ds. ourselves. for til. accuracy Of these
figures The saving of Is 81 per barrel by way Q. New
York admits Of rse of per quarter the Guty In
England and If there certainty, as there IL q
prospect Of its remaining for two months At IS per 9ar
ter, would be q decided advantage 10 forward from
Western Canada by that route.
will be observed that this difference in favor Of New
York. with difference In the duty at Liverpool!
of nearly two shngs per barrel In favor Of -four snip
ed via Montreal II will also be perceived that the
highest rss put down in the calculations made In
relation to the New York route, showing an excess OF
expenses in tho transportation Of hour from Toronto 10
New Yssk over those from Toronto to Montreal The
expenses in favor of New York appear to be from the
time the article leaves the seaport where the last shp
ment takes place. Leaving out of the question the
penses of transporting -four the shipping port at the
termination of either route there difference in favor
Of shipping -four from New York to Liverpool compar
Cd with Montreal, of one shilling, and half
pence per barrel, currency
When this fact il clearly demonstrated appears
in the above statement under existing charges on
the public works of this State safely anticipate
much more favorable position shipping port, when
the tolls canals reduced to proper point
This fact is another and very powerful argument in
favor of the passage of the export drawback BILL which
has for many months been under consideration in both
houses of Congress The import drawback bill has, 30
far worked admirably and its successful and beneficial
operations pretty good evidence that extension Of
the system would work advantageousy to all interests
1t would increase foreign and domestic commercial
marine and the revenue of works of inter-
nal improvement not particularly of this State, but
those of New England, and Of the Southern and Wes-
tern States
railroad from Portland to Montreal 10 in the course
Of construction, and few will suffice to complete
It, This will give direct route from the interior
Of the British provinces Amencan seaport than yet
exists and will open trsds with the Canadas greater
than yet experienced. The extent Of this trade
will however, in great depend upon the isci
liias the government may extend, and the removal Of
restrictions which in fact bsne6t the
govsrnmsntin point Of view, and which viii,
if adhered to- tend to check this department OF
msrcs oonHns the export trade Of Canada the old
channels.
There are other routes about being opened. which,
when completed will tend 10 draw the bulk OF the TO
reign trade Of Canada to principal seapors The
capitalists Of Boston are fully alive to the importance of
that trade, and making great efforts secure it,
They extending Of their railroads the Boston
ami Fichburg-to Burlington. Lake Chsmplain; and
they hope to secure by this fair portion VI the
foreign and domestic trade Of the provinces while
csp''sliss Of tho East actively engaged In opsniog
onao oils for this trade would bs well for those
rested In the growth and prosperity Of esporfs aid
lake ports look about them and devise ways and
means to not only secure the portion control.