Article Text
# COMMERCIAL AND MONEY MATTERS.
For Sales of Stocks, see Fourth Page.
SATURDAY, P. M.
The Stock Market was rather heavy to day with
only a fair amount of sales. After the board there were
sales at still lower rates. There is a sensitiveness in the
market in relation to the operation of the Sub-Treasury,
of which the bears take advantage, and no permanent
rise can take place until the Secretary shows his hand
or the actual operation of the law proves or disproves
the fears entertained.
In Bills the transactious are very moderate and
the rates are heavy. Sterling is quoted at 51@6.-
Francs 5 42½ @5 40.
Freights are steady at 4-6 n 4-9 for Flour. Grain
15@16d; Cotton 7-16d. A ship was taken up for Cork
and a market at 17½d. and the "Geneva," for Ireland, at
16½d. Heavy goods are 50s. to Liverpool and 60s. to
London. Some vessels have been taken up for Sligo at
5s. 4½d. @5s. 6d. for Flour.
The Committee of Arbitration of the Chamber
of Commerce for December, consists of Messrs. James
Lee, Jacob Harvey, Wm. H. Macy, Wm. Chamberlain
and Caleb Barstow.
There is a good demand for Treasury Notes, as
after the 1st January they will be needed to make pay-
ments for Government dues. Specie then being requir-
ed these notes will furnish a much less troublesome me-
dium of payment and will be in demand at par. One
bid of 99¾ was made for $100,000 to-day either of the
1'mill or 5 2-5 per cent kind.
Col. Pratt informs us that to the best of his know-
ledge the Prattsville Bank has none of the forged paper
we spoke of yesterday.
There are now loading in this port 23 ships.
1 bark and 2 brigs for Liverpool, 5 ships and 3 barks for
London, 1 ship for Bristol, 1 bark for Gloucester, 1 brig
for Hull, 1 ship and 3 barks for Glasgow, 1 bark for Sligo,
5 ships for Havre, 1 ship, 2 barks and 1 brig for Mar-
seilles, 3 ships and 2 brigs for Antwerp, 2 ships for Bre-
men and 2 ships and 1 brig for Hamburg. The above
probably does not include all for the ports named.
The Merrimack Manufacturing Co. at Lowell
have declared a semi annual dividend of 6 per cent.
The Directors of the N. Y. and Erie R. R. Co.
have called for an installment of $10 per share, on all
shares on which the payments on each do not already
exceed $25.
The following is a comparative statement of the
business on the Philadelphia and Reading Railroad,
during the week ending December 5, 1846, and for the
corresponding weeks in each of the two preceding
years:
| | 1844. | 1845. | 1846. |
|------------------|------------|------------|------------|
| Travel | $1,277 22 | $1,760 96 | $2,494 43 |
| Freight on Goods | 992 45 | 1,760 85 | 2,624 50 |
| " Coal | 8,468 16 | 3,912 42 | 37,510 57 |
| Total | $10,738 33 | $7,434 24 | $42,629 50 |
Coal transported, tons. 8,620:13 3,073:01 26,402:15
The total amount shipped from the various Coal re-
gions in Pennsylvania, during the present season, up to
the latest dates, have been as follows, viz:
| From. | tons. | clot. |
|--------------------------|-------------|-------|
| The Schuylkill Coal Mines | 1.179,794 | 01 |
| Lehigh | 522,047 | 16 |
| Lackawanna | 285.452 | 16 |
| Wilkesbarre | 189.582 | 06 |
| Pine Grove | 68.719 | 12 |
| Grand total | 2,245,595 | 05 |
The Message of Gov. Bartley of Ohio has been
received. He gives a favorable account of the financial
affairs of the State. The new system of taxation has
brought a large increase of property on the duplicate
subject to tax and the ample resources and rapid growth
and prosperity of the State, remove all apprehension of
the ability of Ohio to pay her interest and discharge
her liabilities as they fall due. The aggregate receipts
of the State during the last fiscal year, for general pur-
poses, were (including balance in Treasury, 15th Nov.
1845,) $249.930
The disbursements were 192,701
Balance in Treasury. $57,229
The receipts into the Canal Fund for payment of in-
terest on debt were.. $1,456,973
Paid for repairs, superintendence, interest, &c. 1,473,321
The amount paid for interest on foreign and domestic
debt was.. $1,240,089
The amount of tolls rec'd on the Canal was. 595,479
The following is the whole amount of State debt
Total amount of foreign debt... $16,964,292 50
Amount of domestic debt 765,136 12
School and trust fund.. 1,482,682 68
Total am't of State debt, Nov. 15, 1846..$19,212,111 30
Of the foreign debt, the sum of $5.918,668 76 will fall
due in the year 1850: the sum of $3.365,779 24 in the
year 1856; the sum of $7,012,781 in the year 1860; the
sum of $667.063 50 in the year 1870.
The Governor says: The time has arrived when deci-
sive and effectual measures should be adopted to raise
the means for the discharge of the debt which will fall
due in 1850.
The following statement shows the effect of the new
system of taxation: The valuation of property for tax-
stion, on the grand duplicate, in the year 1845, was as
follows: Lands, $85,916.169: Real Estate in cities and
towns, $22,269,575; Chattels, Money at Interest, &c.
$35,974,725, total valuation, $144,160,469. The val-
nation brought upon the duplicate, under the new
system, is as follows, viz: Lands, $259,093,635; Real
Estate in cities and towns, $65,302,373: Chattels
Money at Interest, &c. $79,177,484 total valuation on
the grand duplicate, $403,673,488. The increase in the
total valuation of real estate for the purposes of taxa-
tion, is $216,310,260; and the increase in the total valua-
tion of chattels and money at interest, &c. is $43,302,759.
There are now twenty-six banks in operation under
the new system, of which seventeen are branches of the
State Bank, and nine are independent. The aggregate
amount of capital of the Branches of the State Bank is
$1,496,757 44; and the amount of their circulation on
the 2d day of November, 1846, was $2,655,346 00. The
Aggregate amount of capital of the Independent Banks is
$376,170; and their circulation at the period last men-
toned, was $612,465. There are yet eight banks doing
business under charters granted under the old banking
system in this State, whose aggregate capital, at the time
of the last reports, on the 2d day of November, 1846, was
$3,953,750 and circulation, $2,406,959 The whole
amount of banking capital, therefore, inployed in the
State at this time, by the thirty-four banks, amounts to
$5,826,677 44; and the whole circulation is $5,674,769.
It is stated that some Stockholders of the Morris
Canal Company have employed counsel to file a bill in
Chancery, "to show that the debt of the Company,
which the $700,000 mortgage was executed to secure,
was usuriously contracted, and that usury (7 per cent.)
has actually been paid, and therefore show that the
bonds and mortgages given to secure that debt should be
given up and cancelled."
The Planters' Bank (Savannah. Ga.) have de-
clared a dividend of four per cent. for the past six
months
We understand that the receivers of the Manu-
facturers' and Mechanics Bank of Nantucket, intend to
make another dividend soon. To be entitled to this, the
