New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-06-03
counRRCIAL AND MONEY MATTERS.

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WEDNESDAY PM
The Stock Market was rather heavy today for
a.. s.pce. but Long Island improved per cent in con.
..ov,sce Of the probabilities OF satisfactory arrange
,., With the Jamaica Co The inquiry for sound stock.
-. ,ocd snd rates were without change
The market for bills is duh at per cent for ster
r,s. Francs are 53oa52si
In Freights there is not great deal doing, but
Aerss rather more produce offering than las, week.
To Liverpool 2s and Is Cd in British and American
l, are the quotations. Grain I'd asa heavy goods 3Os
70 London IS for Flour The Waterloo is reported to
hare 10000 bushels whest at lOd There 10 good de
apd Cor British vessels 20 Quebec to load To the
coolnent the market is very dull.
wehesrd Of loans to-day made on Treasury Notes
saper cent
The law Of Indiana converting her entire Bond
Cd Debt into transferable stocks and providing for
the interest thereon having been carried by the
required subscription to the losnpayment Of the fret
iu.,slmen, thereon and the surrender of Bonds-it will
Be Interesting Al this time TO give summary Of the ar.
r,psement and showing the different descriptions of
socss into which the old bonds converted and
which will hereafter represent the Public Debt of the
state.
Upder this arrangement for each bond and its accrued
Interest the holder will receive:
l. For one half the principal certificate for five hun
drrd dosrs, besrDg interest at FIVE per cent payable
slfyesrly. commencing In July. ls47 four per cent in
cash and one per cent funded 10 1885, after 1853 the
whole paysbe In cash
FOR ope-half of the back interest certificate for one
hundred and fifty dollars bearing interest at the rate Of
tao snda half per cent after 1853.
These stocks payable by the state
For the other half Of the principal certificate for
sve hundred dollars bearing FIVE per cent interest after
6rst Of January, ls47.
For the other half Of the back interest certificate
of hundred and fifty dollars bearing per in.
.eres after fret Of January, 1853.
These stocks payable on. of the Of the
Canal.
There will then exist. after The creation Of these stocks
the market the following debt and stocks pertaining
TO the State Of indiana:
ndsns Bonds as now existing, so long ss there are
any not converted.
Tbs Indiana Canal Loan bearing six per cent inter.
est issued for the eight hundred thousand dollar loan
g. The Indiana State five per cent stock issued for
half Toe principal.
The Indiana State two and a half per cent stock,
Issued for half the interest.
s The Indiana Canal five per cent prefaTed stock,
issued for half the principal to subscribers.
s. The Indiana Special, five per cent Drcrtd stock.
Issued for half the interest TO subscribers.
T. The Indiana Canal, five per cent altered stock,
issue for half the principal to non subscribers.
6. The Indiana Special, five per cent dtrTcd stock,
issued for half tho interest to non subscribers
The Canal Stock issued to subscribers to the loan will
be called Preferred Canal Stock and be first psid both
principal and interest of the Canal before
any pay of either will be made upon the Canal Stock
issued 10 non subscribers.
The right Of all bondhoders TO subscribe 10 the loan Of
eight hundred thousand dollars and receive preferred
Canal Stock continues until the fret of November next
but there is no limit 10 the time within which bondhod
may surrender bonds for the other stocks tits how
provided, that bonds surrendered after any such
payment will not be entitled to cash payments for any
part Of The accrued interest but ali of interest up
TO date Of such surrender will be funded into the
stock designated above Indiana State twosnd half
per cen and Indiana five per cent Special Stock
Thus In order receive the cash payment of interest
1st July next the bonds must be funded prior to that
time, and In January next and progressively the
difference being in the value of dollars in two.and
shs per cent Stock drawing interest after 1883 and in
that amount Of cash.
The first semi annual cash payment OF interest being
iro per cent the Stock designated as Indiana State
Rves will be made in this City by the State agent
the LIST day of July next and each bond yields FIVE
hundred dollars of this description of Stock II amounts
to ten dollars each.
The following statement contains the amount Of
goods entered this port exclusive of those to
warehouse and the duties paid upon the during
the month of May, compared with the period last
year: