The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-07-02
MONEY MARKET.


The stock market appears to be in a very unsettled
state and the tendency is decidedly downward At the
first board to-day Indiana, Norwich and Worcester and
Long Island closed at yesterdays prices. Reading
Bonds fell of three per cent; Morris Canal " Harlem
q; Farmers Loan went up u; and Reading Ia.
At the second board Treasury Notes improved u per
cent Illinois ~ Reading u; Norwich and Worcester u,
upon prices current in the morning. Harlem fell of
per cent with very large sales than three thou
sand shares changing hands at the decline
The steamship Caledonia from Liverpool the packet OF
the 10Th of june is in her thirteenth day. and
be looked for hourly although for several years past the
steamer Of the 10th of June has arrived In Boston
the Sd Of July her received in this city on the
morning Of the 4th She is fully due now, and expect
the Ct her arrival Boston by telegraph
every moment
The amount of dutiablc value of goods warehoused
this port during the month of June 100000 with
q duty, due on withdrawal Of $4,000.
The State of Indiana resumed payment Of the inter-
est on its debt to-day The payments hereafter, will be
two per cent annually that portion Of the debt
not devolving upon the canal As this matter appears
to be little understood give annexed the report
the subject Of the Indiana stoc KS of COMMITTEES
appointed by the Stock and Exchange Board
INDIANA STATE SrocKs.-CorvERrEp BONDS.
The committee to whom has been referred the subject
of the Indiana State bonds, and their conversion
stock which conversion ia in progress have to
report, That by the acts Of the Legislature of Indiana
ls46 and Al provision has been made for the funding
Of all the bonds and their accrued interest into stock
transferable In this city, and also for the payment of
interest upon these stocks half Of which called
Indiana State stocks =" and provided for by taxa
tion," and for which the State faith is pledged the
other half called Indiana canal stocks and for
which the Wabash and Erie Canal lands &C. are pledg-
ed Under this arrangement for each bond and its
crued interest, the holders will receive
l-For onehalf the principal certificate for five hun
nlIa H.a
half yearly commencing in July, lsI7 four per cent In
cash and one per cent funded to 1858; after 1888 the
whole payable in cash.
2For one. half of the back inter st a certificate for
one hundred and afy dollars bearing interest at the
rate Of two and half per cent after 1853.
These stocks are payable by the state.
3For the other half of the principal certificate for
Eve hundred dollars bearing i've per cent interest after
frat Of January. is47.
4-For the other half Of the back interest certificate
Of hundred and fty dollars bearing five per cent
interest after first Of January, 1893
These stocks are payable out OF the revenues Vi "'
Canal
There will then exist after the creation OF these stocks
In the market the following debt and stocks pertaining
I-Indiana bonds, as now existing, so long as there
are any not converted . A, ..,,.u hord.
and the twenty Eve and ffty year bonds ne"l hot oe
preserved hereafter all are treated aRe IN
and they receive like benefits from the law '"' 40 "
2d-he Indiana canal loan. bearing six per cent IN
forest issued for eight hundred uoar oa
3d-The Indiana State Eve per cent stock ssueo ioi
half the principal ,,s..u 49,, ,,o.,,
4th-The Indiana State Two anu nan per o'' S'o'N
issued for half the interest -,
issued for half the principal suoscrbers.
6th-The Indiana special five per cert preferred STOCK
ssnsa for half the the interest to Subscribers
7th-The Indiana canal Ave per cent deferred stock
issued for half the principal to non Subscribers
atbTbe Indiana special five per cent. deferred stock
.suad for half the interest to Don-subscribers.
The canal stock issued to Subscribers to the loan vii
n. called Preferred Canal stockn aud be first paid
both principal and interest," out Of The canal revenues