The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-01-04

COM KCIAL AkFAIRS.
MONEY MARKET.

Wedne sdRy, Jan SO p. NJ.
There was o reaction IN the stock market to-day,
and prices for mort Of the fancies fell OF fraction;
but the advance yesterday great that quotations
now rule above the closing rates OF Saturday last At
the fret board to Gay, Harlem declined per cent;
Long Island y; Canton C ompauy 1; Farmers Loan x;
Erie Railroad, now, q Reading RailrosdH Ohio 6's
advanced u. The transactions not active In the
moving holders not being disposed to put their stocks
on the market at the decline
At the secoRd board the fsncies advanced, and the
closing rates higher than those current at the
Arst board. Government stocks are held at prices
above tie sales to- day, and an improve ment will no
doubt be realized. Nearly Eve millions Of dollars
are due in this city Boston and Philadelphia on &C.
count Of dividends; aud a. great part OF this sum
will be SEEKING investment in of the souud
rites, the effect prices c~uoos Do otherwise than
favorable. II Government and State stocks advance
the fsncies will, from sympathy, also advance.
The Merchants Exchange Bank in addition to the
regular dividend Of four per cent made extra dvi
depd offour per cent
The Bank of Utica has declared semi-a nusl dvi-
dend Of three and half per cent, payable demand
The Warren Insurance Company, Boston, have de.
cared dviden nd of Elk per cent, payable on demand
The Bartlett Steam Cotton Mills, at Ne.buryport,
have declared 8 dividend Of three per cent.
The New Haven Bank has declared dividend Of
Nez Haven County Bank four per cent; the City
Bank do aud the Mechanics So so per share, equal
to . fraction over four per cent,
payment of four dollars and eeveB ty i've cents on
the acorued interest each one thousand dollars OF
the debt Of the State Of Illinois, will be made BY the
agents OF said State, Messrs Wadsworth Sheldon on
presentation This amount lie smaller than the hold
ers of Illinois securities have sptcp ated and arises
from the fact that whilst the amoust raised by taxa
tion by the State has not increased, the amount on
which the dividend Is no made has increased over
mor Of dollars by the funding OF state scrip into
bonds, no interest having heretofore been paid upon
the outstanding SCRIP. The amount OF money to be
paid out for the present dividend is city thousand
dollars end is divided on ten and half millions OF
dollars being the amount Of the debt Of said State
which is drs wing interest.
The revenues Of the state, it In believed will be
sderably increased the coming year by the increase
of the value of property to bs assessed and the pay
raents Of interest WILL without doubt be considerably
incressed at the next July ana January payments -
The new constitution ofthe State Of Illinois provides
that tax OF two mills the hundred dollars Of taxa
BILE property withis the state sha be collected and
applied pro rata on the fir January of each year.
in payne mt on the principal ~ the internal improve
ment debt. This tax will be levied within the conf ug
year, and payment may be expected TO be made on
the FIRST Of January next
The unding Of the interns improvement debt Of the
State 10 already nearly completed aud che tine limited
for the exchange Of bonds and scrip under rs Law for
funding the same will expire early in March next -
Those who have not already made the should
not fail to do 20 within the time limited BY the Law. -
The exchange BE- made any before the lo h
ny Of March, BY parties holding the bends or scrip,
prseenting the to julius wsds~orth, Esq IS Elk.
change Place agent for refundng the State debt.
The Reading Railroad Compsuy have revised Its
tariff of toRs for the transportation Of GOAL DUR
approaching year. The charges from all points are
higher than those for the present or previous
It hstated that the schuykii Canal Company intend
altering s tariff Of prices and to advance the rates in
ratio corresponding with the Reading Railroad Com
pany LIS full time hat the stockholders IN each Of
these compsnies adopted for their own pro-
tcon instead OF Wasting their substance In useless
and rSDous competition II IL for the interest OF ell
glasses that these important works should bscons pro-
ductive asa W do not believe the price Of coal 70