MONEY MARKET.
{"newspaper_name": "The New York herald.", "edition": "01", "page": "p3", "byline": "Friday, Jan. a"}
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Friday, Jan. 24-6 F. ms


Stocks were very heavy to-day, and quotations show
another decline. sonington fell off per cent, Canton I,
vicksburg l. Long Island l. Morris Canal I, Farmers'
Loan 3 Pennsylvania SIS improved l. Erie Railroad /
while Harem Kentucky. Ohio. and Reading closed Il
at yesterdays prices. The transactions not to
very great extent operators prefer to await advces by
the steamer overdue than to speculate in the dark


The Directors Of the Western Railroad Company have
declared dividend Of three per cent to be paid on the
10th of February holders Of stock the LIST inst


convention Is to be held at Rochester, on the 2oth
inst, to take into consideration the measures neces
sary to be adopted to to the Erie Canal the tranf
portation Of the products Of the western States


The Supreme Court of the United States have made
decision that Collector has right to hold public
money in his possesson whether paid under protest. in
consequence Of belief that does quire the
payment Of revenue in demand of an abatement Of in
erest In of different constructions Of
law. The Court decide that state OF fact will
rant the Collector Of the Port in retaining the public
money in his possession He is bound to pay the money
to the Treasury Of the United States and the claim
ont look to the Secretary of the Treasury and not
the Collector for the awards, any, which due. This
decision Is made under act Of Congress passed in 1899


The Charlestown Mutual Fire Insurance Company
held their annual meeting few days since Theamount
which the company have risk is two Millions and the





the property insured is In the town of Charlestown.


The Long Island Bank has declared dividend of three
and half per cent for the last six msnhs the
lst Of February.


Previous to the adjournment of the Legislature OF
Indana the representatives OF the holders of eight mil
lions of the State bonds made proposition to fund the
debt up to ls4o reinquishing half Of the interest
that has accrued and shall u to that period
The ars after that time the debt is to bear per
cent interest the two succeeding years two per cent and
subsequently to continue at three per cent The Ex-
ecutve in message the subject, refused endorse
the proposal and rejected by vote of 64 to 49,


The Message of Gov Branch to the Legislature of Flo.
rda remarks that the finances Of the Territory
in very favorable condition but that the honest liabilities
should receive the immediate attention ofthe Legislature
Whether the loss the loans negotiated by the banks
upon the faith of the Territory, is to fall the Territory
the capitalists the property mortgsged must be applied
to that purpose The Governor says that Florida hes
refused to pay her just debts The fiscal saairs Of
the Territory such the receipts and expenditures
not alluded to in the Message in any way The banking
system OF the Territory does not to be in much
favor with the Executive The public debt of Florids
according to the most roent official report,
$500 0o0


The condition Of the money market the state of foreign
exchanges and the shipment Of specie from this port
duces to look back and is possible from the
movements Of the past to make any predictions for the
future likely to be realized The expectation of specie
from this port and the mporaions Of foreign merchan-
dse are so connected in the operations of trade that
table showing the transactions in these depart
ments for the last two years


IMPORTATION OF EoREIos ,MEReHANDIsE AND ExroRrA-


TioN OF SPEcIE-PoRr OF NEW YORK