The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-05-27

MONEY MARKET.
Friday, May 26-0 r. M.
Tho speculation In stocks continues 10 roll on SEEM
ngly under new impulse Illinos per ccnts rose
per cent? Indiana 81. 1t; Delaware Hudson, 81; New
York State S. 1885, IT per cent; Bank of Commerce. AZ
Paterson Rail Road per cent New Jersey, II; Long
Island T. Canton1 per At henew board u States
81 sold at ia rise Of per cent? New York g. 1862 at
los.
The speculative feeling is by confined to the
brokers the number Of men Of capital that take sdvan
tsge ofthe buoyancy Of the Market ID daily increasing
The Illinois commissioners, Messrs Oakley and Ryan,
will sail for London until the proximo II is un
dertood that about $Ooo of bonds have been subscr
bed the loan Al the No. Of canal bonds il $780,
the proportion for each bond will be $3.50 to each bond
This proportion has been subscribed here David Leavi
ESQ., has gone to Europe and Mr. Jaudon sailed yester-
day. both of whom interested in he Of the
new loan; and the arrival out Of the commissioner
armed with good subscription here, will be great
way towards success
In the Connecticut Legislature, the 23d inst. the
bill to constitute the Danbury branch Of the Fairfield
County Bank. independent bank being under discus
sion, Mr.. Hubbard ogered the following amendment =
And ii is hereby provided That the private and indi
dua property oil each and all Of said stockholders be
ne liable for the payment of any and all the notes. bills
Liabilities and demands Whatsoever Of the President,
Directors and Company Of the said Danbury Bank.I
This was carried by a'vote of % to TO- Efforts will
yet be made to nuy this salutnry provision which is
looked upon as killing the bill What stronger argument
can possibly be given against the expedcncy Of banking
than for M friends avow that individual liability will
prevent them from embarkng in it those who pro-
Ject and get up banks thoroughly convinced of
their gambling NATURE that they will risk no moro than
the amount Of stock they subscribe like the gameser
who stakes his specific at the ank why should
the people suffer them to exist
The bill holders of the Housatonic Railroad are suffer-
ing great wrong by the delay selling cut the road TO
pay them. The bank commissioners stated that the
pany PROPOSE under the Of session. TO issue notes
bearing per cent interest redeem the circulation in
default Of which the road must be Sold in which
the their belief that the will
not bring than enough to pay the bills in crca.a
ton. OF course, will take notes payable at
future day, when the Hartford x Springfield Railroad
will compete with the Housatonic for its travel.
The Long Island Railroad has excited attention.
like all other stocks good and bad under the abundance
of money The general position of that road to be
follows -
Capital 3, 600 shares. $50 each paid ssx. sss7sOO
B BOs nc su s...s ding lSaSsS
$4,000
. Ts:,s' s,p ssssl,. s'.gs; g,
Number Of miles COMPLETED, 80
Num'er OF miles TO be completed .
last 90 miles, 1000 per mile. The company state
they have had responsible offers to complete the road
in ten months, for onehrd in cash, and thirds in
bonds at and years The cash required, is $l5ooO0
to be raised by calls every 60 days. of per share In
addition 10 which, $4,000 of bonds will be issued,
king the whole cost of the road 62sOO For the year
ending
April 1872 the . sss;Pss' wore q: :s sss
Excess, $4,000
When the road is complete, the distance across the
Sound to connect with stonngton, is "a miles; they
estimate that they 60 through to Boston in to 10
hours They estimate the expenses at $4,000 and the
receipts at ssl7c0o making $is7 ooo to be applied to
dividends If the $5 per share is substituted. making
them $33 Is EACH dividend Of six dollars per share,
which the estimated surplus would GLOW, would be ID
per cent dividend The completion of the road would
undoubtedly give prompt and certain connection with
Boston, At point opposite Bridgeport branch Of miles
long would strike the Sound where 1t Is II miles brOad
and form communication with Albany the Housa-
tonic, which, il sold out, and properly managed in new
hands, will be prosperous This to be the position
Of the Long Island road, and it offers advantages
but the crossings Of the sound Objectionable, II
better communication be hal Al present New York
10 isolated.
There is very little alteration in Internal bills this
week. The rates are as fsllows:-