The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-02-13
COMMERCIAL AFFAIRS.


At the first board, to day, prices tended downward
and the market opened and closed heavy. Pennsyvs-
mia SIS fell of per cent; Morris Canal, Vi and Far
mers Loan y. At the second board, u 6. as went up
y per cent United States 6's, 1867, advsnced y
Per cent Erie Bonds, new, u; Erie Railroad Morris
Canal, y; Reading Railroad, u; Farmers Loan, u;
Harlem, "a. The afternoon sales were not large but
the market closed firm.
The Warrington Coal Company, of Cumberland,
Maryland yesterday declared dividend Of three per
cent Its capital stock out of the profits Of the last
six months This company own about 200 acres Of
land, near Cumberland all of which Ia underlsid BY
coal IL Is entirely clear Of debt, and has cash work
ing capital Of $40 600 In Its treasury It's business in
the mining Of zeal and the manufacture Of coke will
b greatly increased the completion Of the Chess-
psaks and Ohio Canal, about the nIs Of April
next.
The receipts Of the Macon and Western Railroad
Company for the month Of January 1850 amounted to
s22 52l S. against s1ss35 81 for the corresponding
month In ls4s, showing an increase Of So s3s 10.
Counterfeit three dollar notes OF the Farmers and
Mechanics Bank Of Hartford Conn In circulation
In Maryland Counterfeit dollar notes the Lam
County trs) Bank and counterfeit three dollar
notes the stamford Bank Of Connecticut have also
made their appearance there.
Large numbers Of hands are now at work upon the
unfinished portions Of the Chesapeake aud Ohio Canal
and should the weather not prove very unvorab the
canal will be ready for navigation by the nrst Of April
next, beyond doubt.
The Legislature Of Tennessee has authorized the Co
issue SIX per coupon bonds Of the State
to the amount Of $3.50 ooo to aid in the purchase
IRON and equipments ssssry for the East Tennessee
and Georgia Railroad. The part Of this road from
Dalton TO the Tennessee river when mplsted will cost
. million and half dollars The interest Of the State
N Il IL s42s 500.
The movements OF Congress relative to the expenses
Of collecting the rsm customs have been quite
Interesting but have idea that the extrsvsgnce
Of the Treasury Department will be sanctioned by the
House For months the Secretary Of the Treasury sd
mnstered the Affairs Of the department regard
less Of expense and expended much Of the amount
appropriated that the BALANCED Is not sufficient enable
him TO meet the for the next six months;
and In the Of this gross he has the
impudspce to apply TO Congress for appropriation
large enough TO carry him through. The bulk Of the
mpotsops for the fall Of 1s4e had arrived previous to
the Let CT November and the business in the Custsm
House. nom that time to the LIST Of January 1850,
sufficient TO give employment TO one half OF the
employees; notwithstanding which, not the FIRST
msnt made to down the expenses aud keep the
cest within the stipulated Soon after the let Of
January when the spring importstions became active
the S. cresry Of the Treasury cutting down
which raised great excitement among the hsngsrso
and drones of the Custom House and great efforts
made 70 manufacture political capital out Of the
strcons placed upon the operations Of the department
BY the opposition party II Mr. Meredith succeeds In
doing. he viii have better luck than !, generally
imagined. The act sppropristing a certain sun Of
money ior collecting the revenue from cust.ns, vas
passed In March. lssp aud sufficient time given 70
arrange the department. upon the proper basis. The
sdmipstrsticn no doubt supposed that II would have
msorty IN the lower house of Congress ems that
defci.ncy would upon application De a. once granted
In this the Secretary has been very IN aud
n CO rel the from its present
fusncisl dcpltes, will trust place such restrio-
tiops upon the department e will hereafter a6nfns
the expenditure 70 the amount named In the act Of
March, 1s4e