The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-06-06

COMMERCIAL AFFAIRS.
MONEY MARKET,
Monday, june

L.
The stock market opened heavy this morning as re-
CARDS prices At the first board, Norwich and Wor-
cester fell Off n per cent Erie Railroad, new, q ;
Erie, DID, "a Long Island advanced y Reading Rail-
road u, and Treasury Notes 4 all others closed at
prices current on Saturday.
At the second board, Harlem declined "a per cent
Long Island q, and the market closed with tendency
downward.
The Delaware and Hudson Canal Company have de-
clared a semi-annual dividend of ten per cent.
The Mechanics Banking Association has declared a
semi-annual dividend of three and half per cent
A new counterfeit SO note the Fairfield Co. Bank,
Conn. has made its appearance in Philadelphia The
bill is well executed The plate appears to be new
and has steamboat for vgnette with medallion
heads on either side of it, and figure each corner
They made payable to bearer dated at various Pc
rods, and signed C.. Bissell President, and T. Warner
Jr.. Cashier The word Connecticut" appears at
the top of the BILL directly the vignette. The
first two figures of the year, namely 49, have been first
printed, but not being very plain, marked over
with ink.
The receipts of the Long Island Railroad Company
for the month of May ls4s, were $13552, against
sill for the corresponding month in 1S47 showing
an increase this year of $1,752.
The Vicksburgh and Jackson Railroad has been sur
rendered to Mr.. Washington Jackson, the purchaser
at the sheriff SALE some month since. He had
given tho bank sufficient time to redeem the road by
refunding him his purchase money. 1t was expected
at that time that the United States Bank and the Gil
rard Bank would advance the necessary required
to remove the encumbrance, as both Of these banks
held large claims against the Vcksburg Bank which
they could only secure by retaining possession or by
obtaining possession Of the railroad there being no
other property of any amount and few that
hp fho fofoo
raise the money made in Philadelphia but appears
to have failed entirely or at any rate no arrange
ment appears to have been made except authorize
agent at Vicksburgh to draw for $4,000 which
done in favor Of Mr. Jackson This amount however
would not induce him to longer postpone his rights
He insisted that the possession of the road should be
given; his demands were yielded to, and the Vicks-
burg and Jackson Railroad, with a clear income over
all expenses, of at least $4,000 per year now the
property Of private citizen Of England and has bee
obtained for debt of $150,00O, originally but
which was since sold at a bankrupt sale for $4,000
The quantity of coal shipped from the Schuykill
coal region the Schuylkin canal for the week end
ing June LIST, 1904 tons; previous shipments
s4,566 tons, making an aggregate for the of
99651 tons. The amount of coal transported on this
work. will, If the increase continue, be equal to the
transportations on the Reading Railroad. The capa-
oty of the canal probably equal to that of the rail-
road for coal busness-and the only drawback at
present is short supply of boats This difficulty is
rapidly disappearing, when the receipts of coal from
that region will probably exceed anything ever before
realized.
The Lehigh coal trade has been pretty active this
season. The shipments from the Lehigh region for
the week ending the LIST nst $50 tons and for the
season thus far, ,67oto tons. There is likely to be
good supply of anthracite coal this year. and the pro-
liability is that by the middle of September prices will
be as low as at any time during the year Consumers
would find it to their advantage to stock themselves
before the cold weather sets in
The annexed statement exhibits the aggregate value
Of merchandise and the total Of specie shipped
from this port during the month of May distinguish
ing the value Of domestic produce from foreign and
showing the extent Of shipments to each place.
COMMERCE. OF THE PoRr New York. MAY 1S4s
Value of Am. Value of Value of
mods pn