New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1846-01-03
COMMERCIAL AND MONEY MATTERS.
~ For sales Of Socks &C. see Fourth Page.


~ For Sdles Of Stocks &C. see Fourth Page
FRIDAY, P. N.
The stock sales TO day exhibit generally an I'M
cement and there is more disposition 10 buy than has
n before noticed The rapid riso in Erie is the result,
=. perfec. corner" the clique having possession Of
a ,bo cash stock and having called in all nearly all
.r op,ions for omorrow. They said to have had
-, bears shor. about GOO shares and large portion OF
u, gains on the Norwich will be disgoEsed the
aries in" then leaving the parties OUT now The
s left of the First Board at ISL sold at co al the
s,cond Board and 90 in the street afterward Inc
sssrence between the cash price and at sellers oil time
,1sys, was 5 per cent
The FOREIGN Exchange market is dull and quo
sdoas witho-t change
There is less stringency in the money market ana
amer which was plenty at per cent on Wednesday
,.ano. now had to any extent better than per cent
philadelphia funds are scarce and held at lilo
-, cent premium. call for sl5oooo was made to-day
~ account of the Philadelphia Banks and 1t was under.
rood tha, the specie would be taken
In our extract from Thompsons Reporter on
Wednesday, morning an error was made which changed
,.s whole meaning of the sentence. The word NOT
"a, omitted in the following paragraph before amena
M and of course gave meaning just the reverse Of the
r-i.sr's intention
lie, the Legislature pass law giving the holder OF the
such Banks not anenabe to the lava OF our
STATE mower TO sue for and their value OF The
rop passing them in OF the failure of the Bank
The liability OF the person passing such money might
cease 1, the expiration OF three or six months
The aggregate receipts of the Harlem Railroad
for 1916 show an increare of 25 per cent COM
pared with 1874
Receipts for ls45. .S177,437 30
for
Excess in le45.------- S3o,1o2 10
The Western freight business of the Mohawk Railroad
for the week ending 2lst Dec. was...---.----Ss27 81
Same week last year IOO
Excess OBSERVATION-DISCLOSURES SLY oil
The local business Of the Road for that week was
Passengers s'os 70
. Freight ~ co
Total. ...--..-.-...--.---..s427 90
Same week last year .-----.---.--------- oIo "a
Decrease sl2l o.
The Court OF Errors Of this State has sustained
the cons,itutonay Of the Free Banking Law by vote
oils 10 reversing the decision of the Supreme Court
in the case OF the Farmers Bank Of Hudeon vs. Herman
Livingston The Chancellor and Senators Bockee,
Jones' Lott Folsom and Barlow read opinions in favor OF
reversal, and Senators Hand, Lester and Wright tor
ahrmsnce. The judgment was reversed on the ground
that the question had been fully decided in the case OF
Warner Vs. Beers $780, and that the doctrine of stare
d.cs was clearly applicable to the The vote was
as follows:
For Repssai-Lt Governor the Chancellor, Sena-
tors Backus Barlow, Beers. Bockee, Burnham, Deyo.
Emmons Folsom, Hand, Jones, Lott Porter and Secg'
wick-l5.
Tulcon Varney and Wright.
The receipts for the week ending Dec 81, over
the Western Railroad were
Passengers s5067 $3.50
Freight. ...---.-.------ 1906 1903
,432 sIl,692
MlRYLASD.-G ovERSoR's MEssAGE-Governor
Pratt in mis- message the Legislature, 3lst ult con-
graduates the people OF the State on the prospect Of re-
deening their credit.
The annual interest the public debt S655i2l co.
and there has been paid during the fiscal year ending
Dec ls ls45 in liquidation of arrears of interest the
sum of S7lO7s4 81. 1t is not deemed advisable, how
ever that the revenue now accruing shall be applied to
the payment of The policy of the State is to
begin paying the current interest and TO fund the arrears
This policy the Governor recommends.
1.-THE Legislature shall determine TO fix the first day of
October next as the period of redemption it will be me-
cessary TO fund tho arrears up to July ist 1876 1t Is
supposed that the up to the latter date Will
amount to million and half This amount, funded at
three per cent would render necessary the sum OF Sio
90 in addition the amount now required TO pay the
current interest on the State debt If should be deem
ed proper to pay off this principal thus funded in TWEEN
uyesrs the farther of $4,000 will be requisite
making. in the aggregate, the sum oil SIlo42l 10 De
nsed annually to meet the demands of the Treasury
"Iieel" saws the Governor the responsibility OF the
position we mutually occupy. believe that now is the
arep time and that to you accorded the distinguish
privilege of redeeming the honor and credit OF our
State"
The sinking fund on the lst December 1874 amounted
oSla76306 70, and on the lst of December, 1915 to
sLioiQ30 Is. 1t is progressively increasing by the
quarterly reinvesment Of the interest accruipg on 1t
aud Its operation has demonstrated its adequacy to Sc
cure the citizen and creditor OF the State by redceng
The principal of the public debt within the periods limit
edi the appropriation laws.
The entire deb. of the State bearing interest amounts
to the sum of l.9s67si 6S.
The Bank Of the Metropolis, Washington. has de-
elsred dividend of3t per cent for six months
The Salem West Jersey Bank has declared
'emiannual dividend of3 per cent.
At New. Orleans, capitalists are displaying more
caution in the character of the securities which they
take hold Of than any former period OF the season.
There is positive scarcity of Money, and uneXcep.
nnaoe paper can be done out OF doors at per cent
discount Little doing 10 Texas Securities sale of
$4,000 Interest Notes made at IS cts. Red Backs
may be quoted at 2oio2l cts Bonds 81 as cts. Bet,
'srinquiry both for Foreign and Domestic Exchange
Drawers have succeeded in establishing farther ad
vance in the rates Sterling 6s67 per cent. prem;
Francs 35e5 81; Bills Ncw.York at 60 days are nj
2a2 per cent discoun. and checks per cent. dis
count.
Markets. =, Carefully reported fer 7x< Tribune.
FRIDAY, Jan. .
r. The commercial world appears not to have re-
covered from the iatgues OF yesterday. To-day has
been one OF the dullcs days have noticed Tor
weeks,
ASuES-Thsre have been only email transactions at
previous rates. Pots IS. Pearls l2i.
CorTON-The market remains wilhou, change Of
Importance. come 300 or 400 bales have changed hands
Quotations rather heavy but we make no alterations
Shippers demand considerable decline Freights are IS
ID and 81 per bale and Gull.
Cp,&Fla- Mo&NO
Inferior. hone none.