The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-09-12
MON EY MARKEr.
WEprsspAY, Sent Ia

HONEY a A II X -,
wEDrrsDAr, Sept u-sP.N.
Quotations for fancy stocks slowly bot sassaay
depreoiAtips. The market was more sotivs n ~
and there . better demand for government ..I
State securities Railroad bonds opssstsA IN u
some extent. at the decline In prices AZ The 1,vt
board Erie Ircome Bonds fell on \ per cent nNHeis
IS, u; Farmers Loan. y Harlem, y; Brs Islrssl
n. Reading Railroad advanced y PER cent.
The receipts at the once Of the Assistant frsasurr
oftbis port, to- day amounted to $ssIos A. psynsnts
sos.eso s2-Bslanee. so,I32,ols as
The money market has been little tight during the
past three dsys; the banks have not discounted -
literally, while the demand for money has bssn sx.
seediDgiy active In consequence Of this tbs sress
rates have edanced and the different classes Of b~s
ness paper have no, been easily negotiated.
At the second board. Reading Railrssd slv~>ssA 1
per cent; Harlem. 4; Erie Railroad, X. There va
considerable activity In Reading
The earnings Of the Macon and Western Rsilros<
Company for August, 1869, amounted 70 sl0lpo "a.
corresponding month in is4s sl2 900 27-Inersss, for
the month this year, $3.50 49, equal q per cent
Our FLEE by the steamship Asia DO not Give n any.
thing Of importance, THAI the tslsSraphSs ds-
patch. The decline In cotton We predistsd; sud from
this time viii be steady decline In prses The
balance ofthe old crop 10 owned prasipsly By foreign
and Whatever decline may be realised on that VIII
tai where should Before the crop comes TO mar
k@t to any extent lower range OF prices viii ruls and
there will be less 10 value during the coming
sesson than there has been during the psst me Bng
lish baIverts likely be favorable or abund
ant as anticipates 1t stat that the wheat viii be-
poorer quality this year and the yield lsss than On
average The potato rot was rapidly spreading over
England and Ireland andt feared the AsstrustioR
would be very extensive In that event, brsadstuds
sbae l.
msnd and prices for dian must advance W.
possibility OF prices food depreostns bat
strong probability OF advance, and astivs de-
mand for all the lover grades Of grain. In hnansia'
affairs tbsrs had been no material alteration Ths
rate OF interest has been reduced and the Of
capital ,e' hing poy evidently on the in
crease.
The steamship America, for Liverpool, carried ont
500 SIS in specie OF which $500 900 In Mexican
cellars.
The Treasurer Of Maryland has given notice that
fifty per cent Of the OUTS aiding balance ofths Fund
ed Arrears Stock Of the State will be redeemed 1t the
Loan once In Baltimore, the LIST Of October .ext
We learn from a reliable that the remainder
will probably be paia before half Of the ensuing year
tball have elapsed. After the small remainder shall
have bee paid the State win pay $50 600 lees In
nus interest than she did in the years ls4s and ls4e
being more than the net interest which che pays
(sae tax OF fourth OF per cent the valu-
alton OF SO cents d.ducted) 81 100000 Of ave per
cent stock The State will alec have q fsnd for
redtsmipg or purchasing the remaining debt, which
will to about equal TO one half OF the net interest
the Sinking Fund two years ago.
1t will thus b. that continuance Of the pre-
cent taIes for fe~ years longer viii enable the STATE
to rede, entirely that portion Of her debt nov over
due leaving the provision for interest the stock
Which has Ion time To the only charge upon the
treasury. The ttsmp tax as we'll other Temporary
taxes, may Then safely bs removed, they Will OF
be no longer necessary This osAn on the
tr stury, will IL is confidently believed be redeemed
within less than 6fe.n years by the operation Of
the linking fund we'll BY the purchase and can
ceiling Of tn. stock with the surplus revenue OF thu
Stale.
The annexed table exhibits the gradual sx,insuish
msnt Of this part Of the State Indebtedness
when the fret pay uent ~ss made
Frs.Sors oy N.SrlAsD-rrspso Asux.As srocs
The original funded d,bt vas. $500. .ss7s78J Is
R.d-. med by Treasurer prior to octo5~r J.
iefs' ............ 1BW1 ~
ss4sS 81
ons-fourth paid let Oct, is4s. ...... 2e2Oo IS.
cas-, si0 q
Redeemed by Treasurer prior to Nay l.
1850. ................. ls7es 30
$50 ISL ~
ons.hslf paid Let May, 1850. 49,. as7 1ls g.
2o7 t25 "a
one-halfto be paid Let Oct 1850. ... ls3 Tia 81
Leaving utssndins after Oct l. 1870. ..sisa7I2 50
This certainly. very catering condition Of the
financial ssirs Of the State Of Maryland and one Of
which every one may we'll feel proud On the lst
October lsie. the original funded debt OF the state
had ben redoe.d to sso4 $40 Fl aud ~hsn the afy
per cent IL paid On the LIST Of next month wi ozy
smount 70 si33Ti2 81
The qusnity Of On hand on thu let a August
In The principal markets Of the world vas only about
on. half OF that On hand at the san. date In is4s
1hs De heit has created some surprise smsas those
engaged In the trad. but moments reflection vii,
sho~ that q dGsrsnt state Of things could hardly be
expected ron III. progress Of population and con.
sumption. The dinsrpncs or dssesnsy does MOI pro.