The New York herald., 1850-04-09
MONEY MARKET.
Monday. April SO II. M /.


orders for U. g. e's out by the packet and pur
ehasers entered the market in great force sxes Of
1867 advanced IL per cent, and Coupon skies ~ II
linois o's n Indiana 5s 1s Penna Sc, u Erie
Bonds, new, y; Erie Railroad, y. Long Island u;
Farmers Lean. y; Reading Railroad, y. North Ameri-
can Trust fell of u There large sales Of Erie
Bonds second mortgage, at the first board. few
shares Of Illinois State Bank picked up at prices
current Saturday. Brokers having orders for this
stock dare not bid very actively for it, fearing that
they might not get it at their limits The orders
principally from the West and the advance does not
tempt holders here to sell At the second board more
than seventy thousand dollars Erie second mortgage
bonds sold part Of which an advance OF = per
time. Illinois Bonds improved n per cent;
Erie Railroad. n; Harlem, 1sj Morris Canal X Can
ton Co fell of n Government stocks closed at prices
ruling in the morning.
The receipts the Office Of the Assistant Treasurer
Of this port. to-day, amounted to s72453 SO; pay
ments sSO5,T53 II balance. S3s9s 225 16 The large
payments to-day were account Of the Mexican in
demnity; there drafts for a little more than mil
lion the came account yet outstanding They are
floating about Wall street. and may be presented any
day.
The steamship Georgia. from Chagres brings $500 900
in specie and gold dust. The total of specie
exported from this port, this year, is S563,3oo.
The Canal Commissioners Of this State have mod-
fed the tariff of tolls for the by erasng
the words in original packages" as applied to sugar
molasses coffee crockery and steel, that they will
pay uniform rate Of toll, in whatever form they are
packed.
The following is the act to prohibit corporations
from nterposing the defence of usury in any action
which passed both branches Of the Legislature of
this State -
SECTION l. No corporation shall hereafter interpose
the defence of usury in any action.
2. The term Of corporation as used In this act.
shall be constructed to include all associations and
joint stock panies having any of the powers and
privileges of corporations not possessed by individuals
partnerships
S3 This act shall take effect Immediately.
The Boylston Fire and Marine Insurance Co OF Bos-
ton has declared semi-annual dividend of per cent
The Adams Bank. at North Adams has made semi
annual dividend of 80 per cent and an.extra dividend
from it's surplus OF 1o1 per cent making in all 20 per
cent
The arrivals at Baltimore during the mouth Of
arch l79 Al from foreign ports and I3s coast
wise or the above foreign entries 81 had cargoes sub
ject to duty had free eargoes and the balance
In ballast During the month Of March there cleared
at the Baltimore Custom House. for foreign ports 80
vessels The tonnage Of these vessels amounted to o.
s27 The total value of Exports during the month
of March ss52 CSC % of this amount goods valued
at s226 COZ 65 sent to various ports in Calfor
mia.
The Auditor Of the State OF Kentucky furnishes an
estimate of the receipts and expenditures the State
Treasury for the two years ending Oct TO- 1851 Total
amount Of the probable expenses Of the government,
including unpaid appropriations for previous years
$724143 "a; probable amount OF receipts including
balance In treasury Oct 10 1s49 s727 os leaving
supposed balance in the treasury, Oct 10, 1851 Of
S3029 A. In this calculation, the Auditor has not
included any payments ont OF the department
TO the school fund it is presumed the sinking fund
will be in condition to pay all the interest en- the
school bonds.
The Chicago and Galena Railroad Company have de-
esred dividend Of ten per cent. The net earnings
for the year amounted to $4,000. The average run
ming distance during the year less than twenty
miles As the earnings Of the first section the road
are pledged for the payment Of loans which were
made to complete it. the dividend declared will he paid
In certificates which certificates convertible into
full stock when presented In amounts Of hundred
dollars. They are also s-signabe, and be used by
any person, whether stockholdcr not. This road
has been economically built and well managed, and
We have no doubt, when completed, It will be one Of
the most productive roads in the Western country
About four years since the Canton Company made a
dividend in land scrip giving to each person holding h
ty shares hundred sharos ten per cent, which
valued at $500 for hy shares and 900 for one
hundred shares the value of the lots being estimated
(ss they considered the choice Of the Company
land) at $500 each The market value Of this scrip
ranged from three TO four per cent until the company
by order Of the board entered the land appropriated
for the payment Of this scrip for sale In November
last the sale made, and the company divided
among the holders Of the scrip about II, per cent,
equal 20 about s55 per lot This time. con-
sidcred fair teet Of the value Of the companys best
lands. This Is n fair sample Of the valuation placed
upon property held by all kinds Of incorporated
mar nd he Of
Lesson TO the public generally. when tho upward
movement fret commenced In Canton Co. stock. Il
opinion and seversl time. expressed H. that thc
parties who had taken hold Of II would undoubtedly
carry IL up several per cent IL has been purely
srpeculstive movement and as such. must reach its
eliminating point and explode. We have had the
least faith In the reports which have from time time
been put forth by the hull organs. but on the con-
trary have looked upen cf the bubbles Of the
day. that would burst when the proper time arrived
That time is now at hand. Those who have worked
the machinery nearly ready for reversal Of the
engine. and when the stock takes the back track Il
will 60 under full head OF steam. II appears
that must require vast deal OF confidence to carry
any Of these fancy stocks over night and have
been able TO reconcile 10 mind the fact that
many holders Of these securities are In most other
things, eautous calculating viduals Take Canton
Co stooh is instance Of the arbitrary, artificial
value nred TO fney stocks generally and seems most
extraordinary that people be found carry them
twenty -four hours IL is very oSen asked In Wall
street who holds ell the fancy stocks over night or
from Saturday 20 Monday and have never heard
the question satisfactorily answered
The revenues derived from the operations of the
Horris Canal Company during th. year ending Deem
her s1st. 1892 ount TO the of 500 s 10 being
81 els 20 than the estimate submitted in tho lst
annual report The current eypen-cs have been seS-
o3s leaving the net earnings at $50 3s3 16 which s
f1oe4 - thsn the annual interest the funded
debt and about es 600 more than the Interest both
funded and floating debt.
The receipts and disbursements during the year have
been follows
honsm Cassl.-Rscsrrs asp Eus~prrrss.. 1912
keeepss.
Pier and Bas,e Jsr-sy City cod Ss-ark -. ~ 81 |
s~nW.s go -
.esr - " - ~ .
Irassrortauos Aeeount.. 80. ......... SEs "a i
''Hsss 49, ....... p.t9 ~
s,,1 80 "a