The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-01-26

MONEY! MARKET.

In consequence of the by telegraph that
the steamship Hberna had arrived at Boston Norwich
and Worcester went up per cent; Harlem III Canton
Ri Farmers Loan d Reading Bonds I; United States g.
1856 X Reading closed firm at Saturdays prices.
The greatest excitement existed in Wall street, in
relation to the tenor of the news until made
it, appearance when holders Of and fancy stocks
advanced quotations, and sales to extent were
made change, Of the former at improvement of
cent per pound and of the latter at the second
board improvement ranging from half one and
quarter per cent Morris Canal went up Y; Farmers
Loan =, Long Island u; Harlem IA; Canton q; Erie
Railroad, old stock, vi Norwich and Worcester I.
The sdvicss by the Hibernia twenty eight days
later than those received by previous arrivals and
of the most important and favorable character com.
mercisl point of view. An advance almost unpreceden
ed in the European market for all great staple pro-
duotions, must give activity operations In
ke' rarely realized and large fortunes will be made
by those lucky enough hold large stocks of cotton
and breadstufs Millions have added to the wealth
OF this country by this advances and impetus will be
given by the receipt Of these accounts at this season.
the cultivation OF those staples, calculated TO give us
with favorable seasons, immense harvcsts next fall
Every thing seems to operate iavorably for the
important interests of this great country Every thing
tends to our advancement and increase growth and
we have not the slightest doubt but that we shall expe
6roatoet
The value of imports and exports Of Boston, and the
amount Of tonnage engaged in the trade Of that port of
the pas. year, were a. annexed: -
COMMERCE THE Ponr OF Bosrox
ls4o Value OF merchandise imported. . . $l2 02s o66
ls43. Value Of merchandise imported n sol s17
sA Value Of merchandise imported. " 22lai7ss
ls46. Value Of merchandise exported. So s75 ss4
iS4o Value OF merchandise exported. -. $50 s0l
ls4a Value OF merchandise exported. -. s29472o
s46 Tonnage entered from foreign ports tons sci lot
e46 Tonnage entered from foreign ports tons 3Os Gas
1884, Tonnage entered from foreign ports tons slsa9
The most extraordinary feature in the above comparative
statement is tho decrease in the value of exports in sIe
compared with ls4s of $7o5ao7 While the exports from
all other ports in s46 larger than usual oston ap
pears to be behind in this part of foreign trade The
increase in the value imported into Boston
compared with the past ears has been very limited
We do whore that great in the trade Of
Boston II which has been talked of 10 much II
must have been entirely of domestic nature and the
supply OF the foreign merchandise have been re-
ceved from other ports Of this country The merchants
Of Boston import very largely New York. and their
stocks are filed up in this way without showing any in
crease IN their importaons from the Custom house
turns
The arrivals at from foreign ports in ls4s were
2oso arrivals from coaswise ports 1885, clearances for
foreign ports $685. clearances for coastwse ports
total arrivals, e22; total clearances, LILO.
The original charter Of the Canal Bank OF New Or
leans sadded 1t with an onerous bonus in the shape Of
canal which it was obliged to make, and which has
cost nearly of its original capital of 900 600 of
dollars without any corresponding advantage 1t then
suffered in common with all other banks, to q most
alarming extent by the almost entire prosraon Of CON-
mercal affairs and the extensive bankruptcies from 1897
to ls42 and only through greet individual exer.
ton and large aid from private funds that il was ena.
bled comply with the law the resumption of specie
payments and such the situation of the bank that
applied to the legislature to reduce their capital one
half making these shares fifty instead of one hundred
dollars as in tho annual statement of 3lst December
1884, the estimated value of their assets was only Thirty
seven dollars per share; end at the end of four
years by judcious settlements good management of
their real estate and active and profitable business
the bank in the soundest condition. and in the highest
credit and full business Their present are es
mated at ninety dollars per share, with every prospect
Of an early resumption of dividends.
CANAL AND BANK ING COMPANY, New ORLEAss
Cash d0''e' 0es ~ ~ Ney 30 Dee q Dec 81
Iadyidga dspe.ioI.: IliSsss sossss iisesS isossss
United states; -. s7sos als.lsa an,ls, 90. 1902
eOllse' 'n'..,.... 7s,1o1 lsl,s,, a,o,ss7 7oss7
Total. 2n.tsI s41a,s,s s,Oss.Oaa s,ls1ne
Specie. sl,ssSscs iiso.soa I.7c4.es 1907 ssa
thirty days; I,l9a,ss, laa,eaO iso.so5 I,aa4w
bill; Of e!ehangs... aa.sz Msass ssl,ass 7losss
Notes and bills paya- ''
bic in 30 days,
stock, &C. i00.o17 1881 H7,7i3 39,2IS
Total ....... So 1885 $3.50 iO2 1878 800 zoos $50
The bank has received $s2I, 900 Of their
stock in settlement Of doubtful debts
leaving 50, l79 900 of outstanding stock
and nclud ng which the whole liabilities
OF the Bank are. ............. SO 336 62s "a
The value Of all their assets after
closing all their bad debts by profit and
loss, making full allowance on others for
any probable contingency or loss ana
estimating their canal that cost ST PAS.
900, at only $500 600, amount to. S. los GA 81
The immediate liabilities of the bank for deposits and
circulation are al above S3,l57,s76, aud thoir cash
assets including SPECIE local (specie notes. foreign and
domestic exchange, are S2,ssa $50 sl-besides their
active portfolio of upwards of ST. 800 real estate
United states and New York per cent stock deposited
with the Goverpment-Cepita of their branches-ther
canal, and miscellane assets
nha f.retu trad nf H. 4.