The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-07-01
MONEY MARKET.
Tuesday, Jun. 3O-s r.. M.


There general falling of to-day Long Island de.
cned y per cent; Canton. Vi Harlem, "; Norwich and
Worcester i; Reading Railroad. Il; Morris Canal, 1;
and Pennsylvania SIS T. We only attribute this de-
probation the tghtness Of the money market the ap
proach of the dull season. and the anxiety felt in relation
to the policy of the government in reference to its
nances.
The demand for exchanges was heavy this morning
and the closing rates for sterling bills n per
cent premium.
At the second Board there very little alteration in
prices. compared with those current In the morning.
The sales of Harlem large and there appears to be
combination to bear that stock down to the lowest
point Whether those Engaged will succeed in accom-
pish the object they have in vew depends upon the
ability Of the bulls to hold 1t is impression that the
holders of this stock weak and stand against
the efforts of the bears to depress the market.
The half yearly returns for Massachusetts, capital In
vested in factories and railways will shortly be dsburs
ed, amounting, estimated, to million of dollars
The railroad companies will alone yield half
million in dividends beside tho collateral advantages
which they mpart to all the various channels of bu
ness The United States Hotel Company. Of Boston, on
the 9th inst, declared semannual dividend of per
upon the capital stock payable the first ofJuy
The stock Of this corporation, which not long since
much deprecated in demand at Is per cent I'D.
vance
condition. The banks discounting sparngly and
good paper could not be negotiated at less than nine per
cent.
The New Jersey Insurance Company in Newark, have
declared semiannual dividend Of per cent, payable
on and after the 4th day of July
The Newark Banking and Insurance Co.. have dc.
cared their usual semannual dividend of three cent
pay able on and after the LIST ofJuly.
The North River Bank has declared dividend Of three
H. 49, t.fv ,lx-
The Union Bank of Maryland has declared dividend
ofthree per cent for the last six months.
The Farmers and Planters Bank, Baltimare, has de-
clared half yearly dividend Of three per cent.
The receipts on the Mohawk and Hudson Railroad for
the past week. show increase Of nearly $500 the
corresponding week of last year.
II will be perceived reference to the proceedings
Of Congress from day to day. that neither branch Of the
representative department of the government is making
much progress in prectng the numerous important bills
before them The session ia drawing to its close as an
adjournment early in August WILL without doubt, be
made no matter what may be the position Of the msa!
sures under consideration affecting domestic in
ternal affairs Some of the members of the Senate and
House appear think that because they have settled the
Oregon question and provided for carrying on the war
with Mexico, their constituents will be satisfed-and
some of the gone far AZ TO assert
that the prevention of and the adoption of such
will bring to speedy termination another
is enough to mmoralze any session Of Congress We
not but agree with these philosophers but would
commend adjournment at once, for fear something
might be done or left undone that would remove part
of the glory they think the members of this session arc
entitled to-
How is it that the tariff the independent treasury. and
the warchousing bill, seldom alluded to in the
Senate The 10th of May last fixed upon to take
up the warehousing bill For reason that day was
passed; after the Mexican difficulties came up and
disposed Of then came the Oregon affair. In the
shape proposals for settlement and then the treaty
Both of these things were disposed of in executive
son but during the public sttings from that time to
this nothing has been said done in relation 10 the
warchousng bill. 1t is nearly sixty days since a
day was fixed for its disposal and tho first movement has
not been made, either way the othoreither in
favor Of against the measure. This il q measure
which both parties in favor Of There can be no
opposition to of consequences and even there was,
introduced by the majority party which has the
regulation of every thing in its own way. When mea-
of this kind very simple in its complexion and
operation necessary for the better regulation Of
foreign trade tending than any other to reduce
the expenses of the customs department Of
the government meets with much delay and its adop
ton continues doubtful the latest moment what
to expect when affecting financial and
commercial systems, tending to arrangement of all tho
ram6cations oftrade brought up for consideration
FIVE may judge of the time required to dispose Of any
Of the most triAing bills before either house. 1t will re-
quire continual session to dispose Of either of the
two most important bills the calendsr-we mean the
tariff and the independent treasury bills. We wish
to be understood, when say disposed Of
to imply that their passage is very doubtful
II is impression that neither will pass in the snps
the lower house may agree upon. 1t 10 already pretty
well settled, that the Independent Treasury BILL %
reached the Senate from the House of Rspressnsasvss
will not pass The chairman Of the Fipanse Co1mnse
in the Senate admitted in to certain questions
from Mr. Webster that would b. ssry materially mod
fed, and that is the last hs heard Of H. and that
time in the early part OF AprL
The course pursued in the Senate In relation to this
BILL is another instance OF the delay the busne" of the
session has .xperisnced in that body. Early in tho
month Of April the Independent Treasury BILL with tho
most restrictive specie provisions passed the House o.
Rspre,entatives by very large majority Tho specie
clauses of that BILL and immediate enforcement required
srssted considerable excitement In financial circles,
"a the most intense anxiety existed to learn whst
- action, or the probable action of the Senate
In relation to tho specie provisions Of that act
would be. After considerable delay. and not until
he business of the country generally had experienced
very shock and not until categorical questions
were put to the Finance Committee of the Senate tho
public mind was relieved by the official announcement
that very great and important notifications would be
uusnimously recommended by the committee. In the sps
ole provisions Of the act it from the lewsr hopso
and that the wsrehousng bill would take procedenoe@
the independent Treasury BILL in beag prsssnsd fosms
consideration of the Senate This announcsmsnt>sd
very favorable effect upon financial and eonmsrcA mat
tiers for times but the uncetsiny that hiss sin existed
and must ex , in relation to these msssurssso long as
Congress remains in session. has had Its sscs upon bust
1t thus appears +. the wsrshou.i.s bn' and the b.
dependent Treasury BILL take prssdsncs Of the tariff
In the Senate Thss looks vsvdubious for the t.rn.
which We must sInt he lsshssss han either Of the