The New York herald., 1844-07-25
MONEY MARKET,


We notice slight improvement to-day in the Stock
Arke At the Old Board Canton went up per cent;
rwich, do; Farmers Trust, 4; Indiana. Il Morris
nal . United States Bank !; Long Island stonington
aiding Railroad, Kentucky 6s Ohio os, closed firm at
terday's prices. At the New Board, Long Island ad-
need Il per cent; Canton, 4; Norwich and Worcester,
Erie Railroad ]; Morris Canal. "a; Mohawk, Il United
tes 6s United States Bank /; Indiana, Kentucky
declined l; New Jersey Railroad, I.
he Utica and Schenectady Railroad Company have
plared semannuai dividend of four dollars per share
able on the LIST of August.
rhe Chancellor Of Mississippi has decided that the
rtgages OF the stockholders of the Union Bank are
II and void.
he Supreme Court Of Connecticut have decided in
or of the bondholders of the Honsatonic Railroad
mpany. This will lsgalze the sales made in Bridge
T. by the sheriff of private property. The citizens in-
Id holding meeting to raise an amount sufficient to
wide Tor the payment of the bonds.
The Boston Money Market continues very easy. Capt.
is unusually abundant and the rate Of interest very
ch reduced There is considerable activity in stocks
lroads still the favortes, and command the aten-
n Of operators. The increased receipts Of all these
rks great demand for the stocks There have
n lately large sales of Western Spectators ope
irg for adividend the st of January next but we
conceive it possible for the company to declare
dend out of the surplus receipts of the road.
they yet small. The company may force a
dend for the purpose of ecting favorsbly the stock,
we have too much confidence IN the intelligence Of
directors to think they will resort to such man@uvre
sales of this railroad stock rule in Boston at n q
per cent; Worcester sells at l61 II advance; Con-
d. 26l 27 do Name 81 do. Manufacturing stocks
~ firm, and in active demand Several Eastern Com
MES have made enormous dividends. The York Co.
l. at - per cent advance dividend Of ten per cent of
il company have declared dividends, during the year,
ounting TO thirty per cent. and have surplus
. The Merrimack sells at 364 a 363 advance; Boot,
Suffolk, 10; fremont, 10 do; Otis, Is. The Ioou Co.
probably make dividend of l0per cent, and
pe a small surplus left These manufac turing compa
have adopted very sound policy in retaining sur
against any contingencies that may arise. The
certainty that hangs over every legislative act Of
neral and State Governnents and the probability at all
les that they may he repealed, should induce those in
ests subject to the actions Of legislative bodies to
ect and ory themselves in prosperous times against
movement that may be made injurious to them. The
rmack Company have areserve fund of three hundred
usani dollars, after making liberal allowances for de.
ciaton in machinery, &c. The time may again come
en- the manufacturing establishments of the country
find very difficult to squeeze out per cent d
Amidst the periodical revulsions that take place
the money market. and the general bankruptcy that
ows long period Of speculation, all corporations suf
with individuals large surplus to meet the difficult
and losses attendant upon any revulsions in the
market, would be found very serviceable, and per
prevent those immense sacrifices these manufactur.
companies have heretofore been compelled to make.
We the annual report of the affairs Of the Bank
Tennessee and branches for 1874 previous
tements The comparison is very favorable to the in
!