The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-10-29
MONEY MARKET.
.Thursday, Oct. as


There change Of consequence in the stock
ket to day. and the transactions in the fancies
only to moderate extent At the first board treasury
notes. Farmers Loan Morris Canal, Norwich and Wor
cester Long Island and Harlem, closed at prices
rent yeserday Penn SIS advanced q per cent, while
Reading Bonds fell off "a, and Reading Railroad a per
cent.
AT the second board, Hsrlem advanced a. while
Others remained the same. There only three
four sales in the afternoon.
The Mechanics and Farmers Bank of Albany has de-
clared dividend OF five per cent
The Bank of the State of Georgia has declared semi
annual dividend of three dollars per share.
The demand for foreign exchange for remittance by
the Boston steamer of the LIST proxmo has not been
yet very active There little confidence in bills that
many will be induced to ship specie, at loss We
quote bills on London at sala9 per cent premium on
Paris, 5f22ha5f2O; Amsterdam, 4Ola40H; Hamburg
3os36A Bremen, 79a791a.
The suspension of the house Of Reid, Irving & Co
caused considerable anxiety among those interested in
the Bank % Charleston, c., reported that
large amount Of bills had been protested The bank has
made statement to this effect The total amount Of
drafts drawn by them upon Reid, Irving & Co.. since
the fret Of July to the present time amounts to 1874
las Id and the drafts all ut sight, and for
from fl to $780, with one or two exceptions, portion
of them have doubtless been paid, but how much, the
bank is unable to state. Whatever of this amount,
however, remained out after the stoppage of Reid,
Irving Co.. would be protected by the Bank of Liver
pool he regular correspondent of the Bank of Charles
ston who promptly interfred for the purpose and has
already paid and returned to the bank all the drafts pre-
scented prior to the 9th of October.
The Bank Of Charleston, as is we'll known keep their
general account with the Bank of Liverpool in Liver
pool, and their transactions with them numerous
and to large extent
With Reid, Irving Co. they have kept small special
accounts, for the convenience Of small remtters in
Charleston to Ireland and who during the late famine
wanted checks direct upon London and at sight and for
this purpose it rarely necessary keep balance
London of from more than flOO0 to $4,000. This ba-
lance shown by Reid Irving Co account current
the 3Oth June last, f2ss4 III from which is to
be deducted amount Of sight checks then transitu
but drawn prior to that date and much Of the
drawn since the LIST July may appear have been
paid This balance, whatever may be- with three bills
OF exchange RENTED for collection long before their
failure and not yet matured and amounting in the ag-
gregate to $685. comprise the the implication
Of the Bank Of Charleston with Reid, Irving Co. The
bills RENTED for collection 1t is supposed will be hand
ed the proceeds held by the assignee account
of the bank
are in circulation.
order again for the resumption of The West
Branch canal will be open in few days The repairs to
the main trunk, from Columbia to Northumberland,
will probably be completed by the first of November.
The North Branch canal has not suffered any injury.
The lines therefore, from the West North branches
VIII again be in operation, down to Hsvre de Grace In
the course of a week This will give from four to six
weeks more Of navigation, and will not only swell the
aggregate income Of the State from tolls but will of
ncalcuable advantage to the producers OF the section
fcounry through which these pass and tend to
depreciation in the price of breadstuds to the con-
eumers.
The amount received for tolls on all the New York
State canals during the Sd week In Oct was Si4lO3 IL
same period in 1916. ................. l2I 100 90
increabe SlO,SS2 Is
The aggregate amount received for tolls from the COM
mencement of navigation to the 22d Of October inclu
During the same period in 1916, 900 days.. 22I9295 81
Increase. ..................... $685., l54 o.
The amount received for tolls up to the 22d of Octo-
ber inclusive exceeds by S295 29 30 the entire receipts
Of 1916.
The following table shows the amount received for
tolls during the third week in October from the years
ls4o TO ls47 inclusive and also the aggregate amount
received from the commencement of navigation to the
ga OF october, inclusive during the same years
ST 70