The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-01-31

ting up Any improvement in prices for this staple
the other eide, notwithstanding the abundance o
money the reduced rate OF interest," and tn. imp ,ss
bty of fndipg employ for 1t in the regular chan
pels of commerce.
The decline In prices for brsadstuGs We attribute
TO causes somewhat similar The supply far exceeds
the demand that previous quotations could not be OBJ
tanned. The arrivals Of foreign brsadstufs In London
during tho last quarter OF lsss largely exceeded those
for the nding quarter iu ls47 The recspt,
-four were particularly large, which eau satsfscto
lily account for from the fact that great reduction
in The dsty room takes place and thu imports have
been large for the purpose Of coming into the
as early as possible under the new tariff. The
opinion was generally entertained In England that
prices have touched the lowest point IL Is ieult,
IN Tact impossible, to form any correct opinion
relative to Tices for breadstuRs in Great Britain for
any future time So much depends upon the state OF
the weather. both regards the grain In the ground
and the extent Of supplies foreign ports there
10 no regularity in rates. and dependence to be
placed upon prices than from day to day Lattsry
the shipments of brsadstufs from the United States
10 Great Britain have been very limited compared With
what they were in the early part Of the fall The pre-.
valeDce Of sastery winds had brought into Liverpool
bresdstus had therefore, been larger than usual aud
1t was the impression just previous the departure Of
the steamer, great falling OF in supplies from the
North Of Europe would take place. This may have
favorable effect upon pros but 1t can hardly bs other
wise than temporary.
The money markets Of Europe were In very easy
condition. Abundsatly supplied with capital, seek
for employment in vain the rate Of interest had sunk
to the lowest points Confidence had not improved 80
much as anticipated but the more gradual the reoo
very The more healthy and permanent It will b. aud
tho less danger Of relapse We look upon the present
state Of things in the financial and commercial world
as being best calculated to sound system o.
credits, and prevent any speculative to any
extent. With the present abundance of money and
The low rate Of interest there would soon be an enor
nous imitation in prices in Credits and in everything
connected with commerce. not for the absence
OF that confidence without which 1t is impossible to
extend mercantile transactions. 1t does not depend
70 much upon credit upon that con Hdsncs In the
result Of any operations in trade which 10 80 necessary
when about becoming involved In any obligation
The prospect of profit and the probability Of prompt
pay ment important items In entering upon any
responsibility.
There has been . steady demand for American SO
ourities in the London Market some of which have
become scarce Considerable sales of United States
per cent stocks have been made at COX and par has
teen currently paid. New York State 90 to o. Ohio
70 %; New York CITY, "a to ST. Pennsylvania 70 to
~, OK. div Kentucky, 80 to 90; Louisiana State,
Union Bank Bonds, ST; and at oil these prices moro
disposition to buy than to sell. Maryland Sterling
bonds offered at "a per cent. In other stocks there
was NO business, but none forced on the market
The State Of Missouri has been very deeply in
dsbted. Her banking system has been preserved in
AlSl>
enormous contractions and expansions in the banking
Of the State which have proved so ruinous
In nearly every other in the western section Of the
country The system Of internal improvements has
not been very extensive and tho credit Of the State
has not therefore, been involved in extending aid for
such purposes According to the message Of the Go
vernon the financial operations Of the public treasury
during tho past two years. have been satisfactory.
The amount received in the last two fiscal years end
Ing the aoth Of September 1s4s is $435ol3 From this
sum- however, should be deducted borrowed un-
der An act entitled IAN act to sustain the credit Of tho
State" This deduction would leave, Of net revenue,
for the last two fiscal years only $4e63 The revs
nue. for the two preceding fiscal years. only $780,
7. The two sets Of figures show Increase Of rsvs
nue. in the last two fiscal years. of ssSss9 The In.
in the year ls47 that Of 1885, is and
over the year ls46, $6o,127.
The amount Of revenue expended during the Same
period, including the payment Of interest upon the
State bonds 10 about $389000 leaving on hand over
$2 Ooo The revenue for the nexttwo years will hard
y fall short Of $4,000 and the expenses will be only
about that Of the last twoyeArs say $3.50 including
$4,000 interest upon State bonds leaving surplus
to be applied towards the payment of debts Of 00O
The finances Of New Jersey in . healthy, thirty.
ing condition. Tho State is free from debt and Its
revenue, from other than those Of taxation
exceeds the ordinary expenditures.
FINANCES OF New JERsEr-R REVENUE AND ErpEypI.
The balane . In the treasury at the end Of
Their. has been received during tho a.sai '--'A-
year ending Dec 81, l848, froa the ordi-
nary resources viz-Transit duties. -. 65.oIS 81
Dividends on stocks. ................ $4,000 90
Tax on capital stock Of New jersey and
Paterson r. n. Co. ................ $3.50 90
Balance of tax Of the year 1S47. ....... 16,402 90
Tax on in.ursno. premiums ......... 80 50
State Prison earnings. .,............ 2 100 81
Principal Of bond and mortgage. I'll 81
lnclGentA. ~ w
l2s,ls7 OF
Extraordinary expenses. as ola 10 1177ol 50
Surplus receipts. .......... slo,4s5 Is
The estimated condition Of the treasury the LIST
January was - follows
Cash on deposit in sundry banks. $Io,sa2 50
sold. ............. 5ss7 So
Observation-Disclosures. D 80. 1850 90
Transit duties Of Delaware and Rsritan
Canal and Camden and Amboy r. Co. 1876 80
Dividends on stock. ................. $4,000 90
Tax capital stock Of New Jersey and
Paterson Railroad Companies. ........ $3.50 90
Amount available. ..................s 72,14s IS
Deduct amount due school fund. .$25 sos 50
Interest d 10 O January ~. l846. 6l42 %
Special loan. 1000 90 sss,7as 81
Leaving In the Treasury, after payment Of
all the debts Of the State. ........... $3s07 81
The ordinary annual receipts may be fairly
eatim NJ I'd at 600 40