The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-06-21
co N N ERClAL AFFAIRS.
MONEY MAlIKET.
Tuesday. June 2O-6 p.

4ucsUVy, June <O-0 Fs Ne
Treasury notes "A per cent above par; they
improved 4 this morning; Harlem advanced 1-the
daily receipts of that road being over $lOOO Morris
Canal, 1S North American Trust, a; Long Island
Railroad -; Norwich and Worcester closed ut yester-
days prices.
There has been little more business doing in TO-
reign exchange for the steamer Hermann sailed
and the Acadia to sail tomorrow sterling bills at
101a 102l H. Paris, 5221 $50; Bremen so SOh.
The Hermann carried out 1915 900 in specie the AGA
dia will take about 100000.
Another loan has been taken at three per cent
above par-the canal loan of New York. 1t will be
SEEM on reference to telegraphc despatch from AL
bany that the aggregate of the bids was quite
large
The Boston Courier, of the 10th inst, says =
The demand for money, above the supply from the
banks is still sufficient to keep outside rates Mt from
TO Ia per cent per month Preparations for taking
portions of the government loan, have undoubtedly
caused the strngcncy which has existed in the
ana New fork money markets during the past week
After the result of the bids announced ut Washing
ton, n favorable change is anticipated by many
Transactions in stocks have been quite limited dur
ing the week and prices have again receded The
lowing railroad dividends have been declared for the
current half year, viz.-Concord and Nashua, :;
Worcester, Fitchburg and Maine, Az; Western Low
ell and Eastern, 4; Old Colony and Providen nee 81
Fall River, Northern. Portland, Portsmouth and Saco
81 making in the aggregate very large amount to be
Investments.
The receipts of the Western road since December
70 winch time the annual accounts were made up,
show decrease of $1,000 in eight weeks and an in
crease OF $4,000 in twenty weeks making the net
gain over last year, up to the present time $4,000
In the past ten weeks there has been gain for
week except one. The gain thus far has been prnci-
paly in the receipts from passengers which are more
profitable than any other This statement is made to
correct erroneous in the street. that the in
come of the line exhibited falling from last years
The financial condition Of Maine, according to the
report of the auditor OF the State was on the LIST of
May, 1S4S, as annexed
FINANCES OF MAINE, 1s4s.
Balance of cash in the Treasury, May1
Amount of receipts from May i, is47, to
April 20 1S4S, inclusive .............. 467757 81
Total. ...........,....S560,6 s3 81
Amount of expenditures from May /, Is47,
to April 20, lS4s, inclusive. s434,2o5 20
Leaving balance in the Treasury April
90, 1S4S, of. ....................... 12647S 25
Aotai". -. .S0oO.bS3 oil
portion OF the public debt amounting to 100000,
which became due during the past financial year. has
been paid provided for; but anticipated the
100000 state tax which due in January last was
found inadequate with the other means in the trea
sury, exclusive of the United States loan, to pay so
large amount Of debt and NEE. the ordinary ex-
from the smalness in amount Of the annual tax for
1S47, 1t being only half the amount Of the tax
for the present year, and considerably loss than
the inevitable annual expenditure of the government
exclusive of the interest the funded debt of the
State In 1896 when this short was assessed there
was in the treasury large amount of surplus ns
which was doubtless, relied to supply any deficiency
that year
This surplus was, however, lin November, 1s46) in
accordance with resolution Of the Legislature invest
cd in United States stock, the loan Of that year
There have already been received that stock
ly $4,000 in interest As the inter received from
that source will pay equal amount of interest
the public debt IT has been thought advisable to re-
tain the United States stock to be used for the pay.
mcnt of large amount of the State debt, which falls
due in 1851 The revenue from the sale Of lands the
ensuing year, is estimated at seventy-fve thousand
dollars.
The State Auditor suggests then, annual assessed
amounting to two hundred thousand dollars the