The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-02-02
COM ERCIAL AFFAIRS.
MONEY MARKET.

The stock market continues in very unsettled state
Some of the fances improving In prices while others
are falling of. At the first board to-day Harlem ad-
vanced y; Long Island, a; Norwich end Worcester, NJ
Morris Canal, q; Canton, n; Faruers Loan, "a Read
ing Railroad declined per cent Indiana 5's, !; and
Reading Bonds, x. Treasury Notes remain without
change in prices, with limited sales.
bill was introduced In the Ohio House Of Represep
tstives on the 27th ut provide for the extnguisb
msnt the State debt 1t proposes that the auditor of
this State shall levy annually tax for the purpose Of
creating sinking fund follows viz In ls4s 100000;
in ls4o $lo6 900; in 1880 Sl2 900 and continuing
annually to levy the Of the preceding year with
Der cent added thereto until the amount so raised
SHALL with the annual interest compounded thereon be
sulcent to discharge the whole amount Of the rem-
bursae debt Of the state The second section provides
that the sums levied shall be paid to the fund COM
missoners to be by them invested and applied rs they
are now required by law to invest the sinking fund and
they are required to make such investment, II prao
ticabe in the stock Of Ohio Of the United States
The receipts OF the Lorg Island Railroad Company
for the month Of January each Of the past two years
were as annexed -.
LONG ISLAND RAILROAD.
ls4s-January. Receipts from passengers SO asa %
freight. ?o7s 70
Total. .s0all 80
lsa7-January, From passengers .s4.sss 4s
Gain in January, lsas. .$9b7s 81
Th, increase in the receipts is equal to 80 per cent
It will be perceived that the increase has been greater
in the income from freights than from passengers
very favorable feature in the trafnc Of the rosd.
The February interest on the debt Of Psnnsylvanis
was paid to-day at the Bank Of Pennsylvanis, In Pha
dephia.
II the recent decision made by the Court OF Appeals
Of Mississippi declaring void the assignment made by
the Commercial and Railroad Bank in 1910, had been
made Eve or six years ago. It would, indeed have been
most disastrous blow the interest Of the stockholders
But in the present stats of affairs 1t cannot have any
very mi urous effect the objects for which the assisr
ment was made have been acquired, viz: To preserve
the franchises property and effects of the bank to him
der and delay creditors indefinitely and allow time to
cole ct and debts due 20 the bank and to make
advantageous arrangements to the debts due by IT,
Having substantially contaminated all this last sum.
mer the principal stockholders-the large individus
creditors and the Girsrd United states,n and Pb@
nix anks hese three banks being creditors for nearly
fourffths Of the entire indebtednesS subscribed
written agreement under SEAL by the terms Of which
their respective debts to be cancelled and the ssve
raj creditors are to receive stock In lieu of their claims
from the stockholders.
Afsr this arrangement we think the institution would
b.,. be.n ready even II the decision alluded TO had
never been made to be yielded by the sssgnees, back
into the bands the President Directors and Compa
nv, as It stood before the assignment"
We gave yesterday the value Of foreign and domestic
merchandise exported from this port to the different
countries with which trade, and We now annex n
statement showing the quantity Of certain articles ex
exported to different countries, for the month OF ia
nuary:-
Commerce or The Fonr OF Nrw YorK- QrAsrir' AND
DrarINA1IoN ExPoRIs.