The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-07-26
MONEY MARKET.


The sales at the stock board continue small. and
prices without any important alteration. Treasury
Notes advanced to- day u per cent Harlem H. Morris
Canal tell of L. There is life activity in the mar
ket but the tendency is towards improvement and
it is the general impression that slight increase the
supply Of money will be Immediately followed by
speculative movement in the fances.
The steamship United States Fl ON, Havre brings FIVE
days later intelligence from France, and four from
London. The improvement in consos and in the prn-
cipa produce markets. reported by the previous arr
val is confirmed, and the prospect is decidedly more
favorable than We have noticed for many months
We trust that it will continue that the depression
in commercial affairs experienced in every part Eu-
rope will rapidly disappear and give place to confidence
and activity in every department of industry. The
large sales Of cotton for consumption at advancing
prices the most favorable feature OF the news and is
all important as it affects prosperity sensiby
than any thing else connected with commerce per-
manent Improvement in this staple will lead to an i'm
provement in our foreign trade generally The steam
sh Europa, from Liverpool fer Boston, ia quite DUE
with four days later accounts from England and her
arrival is anxously looked for In the event of
Their advance In cotton and consos having been
realized the effect upon markets will be of the
most favorable character
The annual report Of the Little Miami Railroad Com
papy, Of Ohio has just been made from which we learn
that large amount Of Eastern in the
road and that the business is in fourishing eondi-
ton. The receipts ofSix months ending june l. 1sls
were $113C32. The produce freight earnings were
smaller than they would have been but for the failure
of the wheat crop in 1s47. The falling of in flour
alone in April and May, 81 SAT bbls On the other
hand, the receipts for passengers and merchan
largely increased This increase is steadily pro-
crossing, the receipts for the month of June being
$2l Jos 49, The estimate for the next Eve months Ito
complete the fiscal Year, put at $4,000 per month";
making nearly S150O0o the gross receipts for the six
months and for the year ending the LIST of December
next, the Of $263 032 39-agains the sum of 22l
1870 g. received for the year ending 1st of December
1S47.
1t is estimated that the connection with the Mad
River and Lake Erie Railroad about the LIST of Sep
TENDER, which will complete the continuous line of
railroad from Cincinnati to Sandusky, will largely
increase the business Of the road. There is
fact in the locality of this road which secures
to certain business in the alton of pro-
duce and merchandise and from which no competition
deprive it, viz There is for each mile of road and
distributed along its line, uac tory MILL dis
tillery, which largely contribute to its earnings at
all of the year. The entire expenditures on
the road have been about O00 of which has been
raised from stock $3.50 o00 loan per cent made in
Boston, $500 600; loan of Cncin natl City 100000;
bonds, $19oOOo floating debt $3.50 OOo OF dividends
there has been declared payable in stock in 1914 and
1885, t per cent; 1885, per cent; in 1s47 dividend
payable in scrip bearing interest from 1st of Dec I'M
Der until DUE and pay the 1st January 1850
Of So per cent, convertible into stock during 1s4s "a
portion already convertedD leaving a surplus of about
1lC00 on the LIST Of June last dividend payable in
stock Of Az cent, leaving surplus of about $780,
to be added to the previous surplus Of $1,000 The
direcsrs propose to sell of the stock sufficient to
pay of the floating debt, that they may hereafter
make dividends and contracts in cash. They propose
to sell 5000 shares Of $50 of the stock of the COM
paDy, der authority Of act increasing the capital
passed February "a, 1918. This will amount at par to
S40o ooo and enable the company hereafter regularly
TO declare dividends Of to IL per cent per annum
We annex very interesting table, which is oom.
piled from official reports showing the average per
cent duty upon the dutiable imports into the United
States in each of the past sixteen years This period
the operation of three distinct tarGs-the COM
promise act, the protective tariff and the revenue
tariff, as it is called -
IMpoRTs OF THE UNITED SrArEs TIE Cposs Durrrs
ON