The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-12-14
MONEY MARKET
Monday, Dec. 1875 p. M.

This has been blue day in the stock market. Quo
taons do not vary much from those ruling at the close
Saturday. but there appears to be depression upon
the minds operators calculated to put prices several
per cent below those current Atthe first board,
day. Pennsylvania SIS fell of per cent, and Canton
advanced NJ all others closed without any alteration.
The Britannia, the Boston steamer Of the 10th inst
Thursday take out about $4,000 in specie, and
the shipments by the sailing packets from this port this
week, will be about 100000, making aggregate for
the week Of $35OOoO, against $25s 900 last week Not
withsandpg this exportation the specie in banks
has been much reduced during the past six weeks,
the amount on hand being little less than the LIST
OF November last
Another claim for damages against the Hudson River
Railroad Company determined at Somers, In West
chester county Saturday last The was that Of
Martha Crugsr The damages claimed by Mrs Cruger are
for injury sustained the railroad crossing brick
yard on premises and three bog in front of her land
The company made tender of $1,000 only to Mrs Cru
ger and the two tenants of the brick yard which
refused jury of appraisers then drawn, to whom
the evidence offered by both parties submitted dur
ing trial of two weeks duration After the arguments
of counsel heard the jury awarded to Mrs Cruger
and the tenants the Of twelve thousand eight hun
dred dollars
A board, called the Mining Stock Exchange, has
gently formed in this city for the sale Of all kinds
The following the transactions at the last meeting
British North American Copper Stock, 81 per share
offered.
Upper Canada pr share o for 1000 shs Buyer Gods
do. do. 45c. e 500 Z" :" 80"
do do 'lOc asked on 200 e" cash
The Central Railroad and Banking Company Of Gsor-
gia have declareda semi annual dividend the orgi
hal stock two dollars per shsre-and the eight
per cent stock doays per share the rate Of eight
per cent. for the last six months.
The Western Railroad Company Of Massachusetts,
have declared dividend Of four per cent
The Planters Bank of Savannah has declared semi
annual dividend of four per cent.
The Fire and Marine Insurance Bank of Augusta, Go
has declared dividend of two dollars per share.
The recent tghtness in the money market, like all
those which have been previously experienced has illus
traed pretty clearly the useessness Of continuing upon
our statute books the odious usury Money worth
In Wall street to two per cent per month"; and
tae best business paper be bought any day at that
rate In the face these laws operations daily made
Of this kind and attempt is made to disguise them
In fact of secresy In the matter as they
perfectly legal and honorable Third parties can
buy and sell promssory notes at any rate they please
and IL the note lis according to the usury laws legal
its face whatever rate of interest may be paid it, as It
passes hand to another has effect upon It's
value a negotiable piece Of paper. The absurdty
such laws plainly to be that 1t Is matter CT
much establishment how they have been tolerated long
Various attempts have been made to repeal these laws
and petition upon petition has been presented to the
Legislature to that effect, but far without avail A
new session Of the Legislature about commencing and
renewed Efforts will be made for the total repeal Of thefe
laws and trust they will be successful than
those previously made have been.
We annex table exhibiting the legal rates of interest
allowed the different States and territories within the