The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-12-08
MONEY MARKET,
Tuesday. Dec.


MONEY MARKET.
Tuesday, Dec. &C p. M.
The stock market opened heavy this morning. and
quotations for most Of the fancies fell OF fraction At
the first board, Canton declined per cent? Reading
Railroad, !; Morris Canal, Y; Harlem u; stoupgton
II; Norwich and Worcester, Nj Long Island, T. Tres-
sury notes Reading Bonds and Farmers Loan at
prices current yesterday.
At the second board Harlem advanced X per cent:
Reading Railroad, v; Norwich and Worcester. "
The steamship Northsrner from Charleston, brought
$4,000 In specie
The Prssdsnts Message far a. We are able to Judge
rom the telsgrsphic synopsis does not much
gives very favorable and fsttering of the
PUBIC nnsnces recommends that duty be placed on
Tea and coffee that the price Of public lands be gradua
ted that important notifications made in some Of
provisions Of the Independent Treasury Act, that
branch mint be established In the city Of New York.
tnst the war be prosecuted with vgor that retain
possession OF what have and obtain possession Of al
we can of Mexican territory and by duties ON imports
and exports and by contributions make that country
pay for the war.
appears by the message that the value Of imports
for the year ending June &c. ls47 STAG ess and
exports $lss Gas e92 Of which consisted
domestic productions, and SO 1853 Of foreign articles
The receipts into the Treasury for the same period
amounted to S2e, $3.50, of which there was derived
from customs sas747s64; from sale Of public lands
S2a9s $780, and from miscellaneous sources $l00,570.
The expenditures for the period were 500
OF which s. os3 payment of prin-
opsl and interest Of the public debt including Treasury
notes redeemed aud not funded the ex-
elusive OF payment Of public debt, having been $780,
e29095 1t estimated that the expenditures for the
year ending June go ls4S, will amount TO- II war with
Mexico shall not be concluded $5s 6I5 666 including
necessary payments account Of the principal and
Interest Of the public debt the receipts for the same
period, to $42sS6 CAS- of which sal It Is esti
mated will be derived from customs from the
sale OF public lands $40O 900 from incidental Sources
and So 294 from loans already authorized by law,
which, with the balance in the Treasury on the LIST Of
July last, make up the estimate
1t is estimated that loan Of seventeen millions of dol
lars will be required within the next six months
the fiscal year ending June &c. ls4s, If duty Is placed
on tea and coffee and the price Of public lands gradu
ated or loan Of Sle neither Of these things
are done Should the war be continued until the sOth
ofJune ls49 further loan Of $40 900 will be reouir
ed for the fiscal year ending day In case no duty Is
imposed on tea and coffee; graduation of the public
lands and no military contributions levied In Mexico
This will make In the aggregate from this to the 3Oth Of
june ls4e period OF eighteen months loans for $751;
100000.
for the year ending June So ls47 was $2a 2se and
the amount exported for the period was 81 s46ls
leaving balance in favor Of $40 27e7o More than
900 have been coined at the United States mint
and branches during the past year.
The following new oounternets have Just made their
appearance
Twos on the Bank Iof Kentucky; aves on the Hanp-
den Bank, Westfeld, Massachusetts tens on ths Me-
ohanics Bank South Boston; twcs on the Warren
Bank Danvers Mass-this IL q counterfeit of the old
plate; threes ON the Chemical Bank N. Y; ones on
the Ballston Spa Bank N Y. on the Sussex Bank
N. j.; fves on the Kensington Bank, Philadelphia:
tens the Randolph Bank, Mass; Avss on the Mid.
dlstown Bank, N. Y; threes on the Chicopee Bank
Mass; the Farmers and Mechanics Bank
Philadelphia Aves the Farmers and Mechanics,
Bank, Rochester; ones on the smithhe cid Exchange
Bark
The annexed Is the existing tare established by the
German Customs Union, upon tobacco imported in
hogsheads, and rioe in tieroes:-
GERMAN CUSTOMS UNIoN-RArEs OF TAsr
The tare on hogshead Of tobacco 10 10 per cent II
the hogshead should weigh IL per cent guam
tty Of tobacco contained In it, the additional wegnt
pays duty at the rate Of 5k Prussian thaers per zo
oentner equal to about 50 80 per 100 lbs Hogshsads
which contain 1000 lbs tobacco weigh in the
some more and some much less-20O bs conss1nantIv
80 lbs Of wood hogshssd pays tobacco duty amount
ing 81 So 40 100 cents The tare allowed on rice in
tsrces, entering the States Of the Zovsren is 10 per
cent.
The extra tax upon tobsooo can be avoided by the
planters making their hogshesds uniformly of the same
sse not to exceed in weight If they mold 1000 lbs
Of tobacco, 100 lbs The Zolverein imported during
the 1885, 10000 hogsheads OF tobacco and stems
IT, therefore, duty twenty per cent of IL per
cent realised for tare this staple was taxed unns
oessarily, $77,73l rs.
to the interest of the producers Of rice in the
United States that the tars should not exceed 10 Der
cent, as they have formidable competitor In Holland
and the German markets The Java rice s imported
In bags upon which tare Of per cent is allowed In
the Zollverein This Is never exceeded
Exports Of brsadstu from the port of Philadelphia to
foreign ports from LIST January to LIST December ls47
were follows:-
EXPECTATION OF BaEADsruFrs FROM PHILADELPHIA
riouI. '''''''' 4lS.l3S barrels
NY " 2l6I7
Snp ~Ae"u' 37,lO9
Wnset $50, 1855 bushels
Corn''' 1901 I04
Inc ssmannual returns Of the several banks in the
State OF Ohio made to the auditor of that State pre-
sent the annexed comparative statement -
BANKS OF OHIo-INpEPENpENr BAsx,
Notes balls dsc 4 97s Capital stock paid in S,aa aoo
Syec,e on hand 2916as Circuiaton 7sS osS
Dus from bsoi In al D.o ~ nanks. ls8 $40
Eastern Deposits, 382,81 Bond, deposited with ~ 30
Bon lei ed " State