New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-05-28
COMMERCIAL AND MONEY MATTERS.
For ssls' Of ssoek,. &c. see Fourth Peg,
THURSDAY, p. NJ

For sele' Of SsOeks, ec. see Fourth Peg,
THURSDAY, P. NJ
The transactions at the stock board today were
large, but the tendency downward. The fsnces
fell off, especially Long Island which is 81 per cent lower
than 1t opened yesterday. The only reason we could
hear for this decline was that the prospects for the
rsDgement with the Jamaica Company not so ia
vorable as they had been
The bill market was Arm. but not active. The
supply of Sterling good The business for the steamer
does not promise to be- large.
In freights there is but moderate business, and
the rates very heavy. To Liverpool 2sa2s Cd
accepted-the former for British vessels The Henry
Clay has 10000 bbls at S. Grain is sda9d To London
shipments Of Naval Stores were made at Is Cd. To
Hsvre the shippers their rates, 80 little Is
there Offering To the Continent some engagements
made at low figures.
Mr. Charles Butler, acting for the bond holders,
yesterday surrendered to the agent of the State Of nd
ana At his Office In this City, s6353000 of the State
bonds for conversion into the State and Canal
stocks. This amount exceeds, by nearly one million
the requirements of the law, and will be largely in
creased by the lst of July the holders coming in
daily
We see nothing in the article of &" No Specula.
tor" in the Commercial Advertiser to induce to
change opinion of the proprety of ssumpon Of
dividends by the Mohawk Railroad in August next The
debt contracted for the construction and equpage
of the road and stands in the place of capital stock aud
should be funded for term OF years converted into
capital stock par which would be better. The only
way induce the holders of bonds to convert them into
stock would be to pay regular dividends. mo Specu-
lstor" charges The Tribune with making assertions
which it has not made We did not assert as fact
l.. fa.,.a
of fye.year bonds We stated they to be paid by
temporary loan and that proposed to issue five
year bonds for the amount to pay off the temporary
loan. These facts. Certain parties have agreed to
pay the bonds and hold them until some other arrange
ment lie made We said nothing about Albany inter
es,s" and if we had II would only have been in
mendston. Our estimate of the net revenue we still
believe to be nearly correct and that it will be ample to
make per cent dividends alter paying all expenses
and interest and deductng proper am punt for sink
ing fund
The Gas Light Company of Baltimore has de
cared half yearly dividend of 81 per cent The Bank
of Augusta has declared three dollars and fifty per
share.
Comparative statement of the business Of the
Phadephis and Reading Railroad during the first five
months of lsi5, 1876 and lsi7
Received for months ending May l. ls45. <232OOg q
May |, 1896 45l9s2 "a
May !, ls47.. 623,l45 %
Increase in 1s47 over 1876 .-....s l7l,l62 20
Amount of Coal transported during 5 months endlng
MAY l. lS45 tons l72oo4 lISO
May l. Ieio ---.-.----------.-----'' - -,,5s,e . on
May |, 1877 " slo0fo '-~'
Increase in 1871 over ....ll7 999 72O tons.
The imports of Specie at New.Orleans from LIST
September to latest dates sl9S5o00 against ST.
52] 500 same time year.
The following extract from q letter dated Tampi-
CO. May L. shows how the new Mexican Tariff works
81 was so unfortunate 10 receive cargo from Mr.
/ = which arrived here two days too late, although
II was cleared at New York previous the Tariff going
into operation. No debenture being allowed, they have
forced pay full duties, which will create loss OF
about 40 per cent on the invoice.
The Directors of the Lehigh Coal and Navigation
CO. have since the of the present year
directed the resumption Of the payment In cash of the
interest on the Mortgage Loan, and have also made
beginning of the discharge in coal of 25 per cent of the
arrears of interest the Common Loan The aggregate
amount of coal shipped in the Lehigh Canal during the
year $4,000 tons which an increase OF $3.50 tons
over the shipments of last year he number of tons Of
freight of all kinds sent the Canal during the year
643396, aud the amount OF tolls received therefor
$3.50 sag 81.
The citizens of Eaton, Ohio, have subscribed the
necessary amour, Of stock 10 secure Bank under the
banking law.
The New Orleans papers are denouncing the
Secretary of the Treasury for his want OF financial skill
By his operations the money market In that city has
been exceedingly strsitened and the market Tor tx
change very much depressed. Sight bills on New-fork
were per cent discount 60dsy bills q as and Sterling
Ha4l The Banks refusing TO buy or sell AN'
change or to discount paper and much embarrassment
and excitement existed in the mercantile circles Inc
New Orleans Bulletin thus describes the movements OF
Mr. Walker
The novel plan adopted by Mr.. Walker to obtain the
cash here is to send drafts drawn by the %
the United states New York and Boston, IN sums OF
ons hundred thousand dollars ea 10 be negonseo IN the
market where OF course bills OF such magnitude can
only be purchased by the banks or large banking
and NJ heavier discount than II they were IN ssLer
s,nonnts suitable for ordinary commercial remitsnces
How many of these draft have been sent out here we
are unable 10 say but know Of pre- each that amount
Gov which the best offer that made on Monday ~ss
two and half per cent discount and we learn tns'
RAM took three OF them S3OOOOO) yesterday Al OF
about that rate the proceeds Will OF course DC o5sNn
in specie packed up and shipped 70 Mexico mus
the present pressure, as every doha IN sPeie eP
sents At least tlrse in commercial faciiues
In addition To this instead OF paying IN essn 'ns oe
msnds for services and supplies individuals arc oonseS
10 accep, drafts at short sight on washington which
drafts the holders throw on the market and create
/ farther depression in exchange.
The Bulletin urges MIR. Walker to send out Treasury
Notes instead Of shipments the North or to ship
couple Of millions OF specie by same shiPofwS bound
to the Gulf II adds
The QuArtermsster's aud Commissarist Departments
in Mexico have also drawn enormous amounts on TINS
nl.ce undsr orders from the authorities nj Washington
md when these bills forward, there are no funds
10 NEE, them and the parties rather than ait AN IN
definite time for payment (of course without
take new bills Washington and tnese is''e' arc ssa"
paid by drafts on New-forki
The of this delay or reu'. to pay tns's
drafts punctusIy, is that the British merchants ano
agents Ia Mexico who were heavy buyers OF tnen 10.
,s nroo.e of Investing the amount in sterling bills 81
Nw Oresns for remittances 10 Europe now refuse any
longer 10 purchase them and ship specie direct rom
Mexico TO England
blankets CAREFULLY rspsrtsdfor The n's~N
THURSDAY, May ~.
AsUEs-The market is lower to-day Tor fos ana tne