The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-01-26
CO M MER GAL AFT FAIRS.
MONEY MARKET.


MONEY MARKET.
Thursday, Jan. 25-6 p. M.
The stock market was rather quiet to-day. Some of
the fsnces advanced, and some fell off fraction |
There Is great contest going between the bears
and the bulls and the gold excitement furnishes food
for both parties to operate The buAs had little the
advantage to day Some of them got hold of bar of
gold and exhibited 1t on 'ohsnge tho real
California brand Considerable curiosity exhibited
to get sight of it, and the bears could not stem the up
ward current Of prices it created At the FIRST board
New Haven Railroad advanced n per cent; Erie
bonds 1: Reading Mortgage bonds, Kentucky 6's,
q. Erie Railroad fell off n per cent Reading Railroad
4. All others closed at prices current yesterday.
At the second bonrd Indiana SIS improved per cents
Harlem, "a ; Canton Co. Is Farmers Loan, u, with
sales to moderate extent.
The Crescent City from Chsgres is anxiously looked
for. We shall frst hear from her at New Orleans by
telegraph and 1t is full time We had accounts
from her. It. was reported on chsnge to-day, that
several of insurance companies had taken large
risks gold shipped from San Francisco We do not
know what accounts have been received of shipments
made to be made; but all agree in the opinion that
several millions Of dollars worth must be the way at
this mement to this and other Atlantic ports The
communication between Panama and San Francisco
must soon be as frequent as between this port and
Chagres any southern port, when we shall, without
doubt have remittsnces Of gold in such quantities
that bars Of the real stuff will be as plenty in Wall
the spurious metal has been during the past
week.
The report of the Canal Commissioners Of Pennsyl-
vauia gives . very detailed but not very favorable
account Of the operations oa and the revenue from,
the public works of the State during the past year.
The deficiency in the revenue, compared with the
innate made at the close OF the previous fiscal year.
uSed nv ats hevo
troll Of the commissioners The feshets of the winter
of 1s47 and 1s4S caused very extensive damage to the
canals and the extraordinary nditures have,
sequently, been heavy-much heavier than autici-
pated. In making the annual estimates of revenue
from the public works. item for the probable dam.
age from freshets Is allowed but that allowance for
the past year small, compared with the amount re.
quired 1t will be seen, by the annexed statement,
that the net revenue for the year ls4s small
PUDLIo WORKS PENrsYLvANiA-REcEIprs AND Ex-
PENDITUREs, 1S48
Gross receipts from railroads and Canals 553sA 90
lolA expenditures 1 i0oI ;3v4 %
Net receipts over expenses 1913. $4s5 o4o so
OF the expenditures, $37S 57l 40 will come undor
the head Of extraordinary being for repairs of damage
by !reshets. But for this outlay the net revenue
would have been $e64 521 H. This would have bee
of vast Importance to the public treasury In the pre-
cent condition of the State finances. But for these
than Sse462l IL, the interruption naviga-
ton the main line In consequence of the destruc
tion of the aqueduct. tended to q reduction Of the
gress receipts The cost Of ordinary and extraordi-
mary repairs and breaches exceed estimates Of last
yesr $223,s68 49,
The business on the canals nd railroads. under the
circumstances, hes been all that the most sangane
could expect The tolls on coal and iron have been
unusually large, while those on -four and grain have
not fallen of much might have been expected.
when it is taken into consideration the great differ
enoes in prices, and the limited demand from all
sources compared with ls47. On coal the tolls have
increased 1885, on iron, s24,bo5 and -four and
grain, the decrease has been S54,7l9 S..
The estimated cost Of keeping all the lines in order
for ls40 shows that there will be required for ordinary
and extraordinary repairs and the payment Of debts
three dred and thryeght thousan nine hu ndrsd
dollars; for motive power expenses the purchase OF
new engines, and the payment Of debts three hun
dred and sixty four thousand eight hundred aud
eighty dollars; for collectors weghmastsrs, SO
thirtytwo thousand dollars for look tenders thirty
five thousand hve hundred dollars; for pay Of Canal
Commit siopers and expenses of their Off 80, W thou
sand two hundred dollars; for repairing breaches
which may during the year for the purchase
Of materels after the frt OF December next, fifty
thousand dollars; for balance due weigh lock at
Beach Haven, three thousand six hundred and thirty
dollars and ten cents, which, after deductng the ba
lance in the treasury (twenty two thousand dolars
leaves eight hundred and eight thousand hu ndrsd
and sew. ntes dollars and ten cents the amount
required for all purposes Of the year. 1t Is cstmated
that If no eerious breaches occur the receipts from
tolls viii amount to one million hundred thou
eand dollars, which will leave eight hundred and
ninety one thousand eight hundred and eighty.two
dollars and eighty nine cents the profits Of the
year. If this is realized, the revenue will be nearly
double that Of this year. The public works of the
State are repated to be in admirable order and we
see at present reason to suppose the estimate of the
commissioners excessive
The report Of the Committee on Finance in tina
Legislature of Virginia gives the ynopss OF
the public debt Of that State.
FINANcEs VIRGuNIA--PUBLIc DEBr AND REsouRcrs
Revolutionary War Debt, bearing per
War Dsbt Of iSi2, bearing Per cent. $40 oCS 90
Int Imp Debt. bearing per cent. 6,ls5 3N 20
.Do. do, per cent. 1856 900 90
Do. do, By per cent ....... MANN. Is 300 90
Debt for subscription to Bank Stock,... 450l07 90
s30s 767 81
"A rart OF the above estimated debt IL held
by the state Agents, NJ der the control Of
the Legislature, as follows:-
L. BY the President and Directors Of che
Literary Fund. Gao log SO
2 By the President and D,reo-
tors OF the Board Of Public
WOrR J54 b2j IL
B. By the Commissioners of
INK md IN