The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-05-14

MONEx hlAHAEV.
Tuesday. May A. p. M.
Anew more days Ike this would produce great panic
in Wall street. Long Island declined PR cent s,onins
ton do; Norwich Worcester "A; Pennsylvania as. =
Farmers Loan !; vicksburg, !; Mohawk, II; Canton,
improved. per cent; Reading Railroad III Illinois u
OHIO U.s. closed firm ut yesterdays prices The sales were
not very large The ups and downs the stock market
present movements more curious than important The
great fluctuations in fancy stocks are Of very little conse
quenoe The advances resemble bets and they have ss
little influence the markets the same exci,eu emit in
political matters party Of politicians around Tammany
Hail. betting upon the Of any candidate for Office
have Just about much effect the Of trade
a. the fluctuations OF fancy stocks in Wall street State
STOCKS havethronghout the speculaons that have been
sreatn ancies-remained arm and steady They have
ho. varied more than two three per cent except I'LL
no's' winch has been used for speculation than
o'"ers etter published time SINCE from the
COMMISSIONER OF illinois. now abroad in relation to the
negotiations going on in London regarding loan has
oven Renfray condemned as having tendency to DE-.
Precso ha STOCK IN this market. without existing
any real cause for decline The commissioner does mot
get mush credit for what honesty he possesses The l
ter has knocked down the stock at all events and m No.
covery depends great deal upon further accounts from
Europe.
The Committee for the Tontine Buildings, Wall street
has declared dividend Of fifty dollars per share pays
bic on demand
The Marine and Fire insurance &C nj any Of Richmond,
Va has declared dividend of Isl per cent for the past
year.
Bills Of the Central Bank Geo.. amounting to $751; Ale
were burned On the 4h Of May leaving active crcua
ton emily about 100000 On the 9th inst the Augusta
and Savannah banks commenced receiving bills of the
Central Bank at par
Foreign Exchange rules very high Prime bills on Lon
don cannot be bought for less than 1881 100 On Paris
S27af The high rates current for foreign exchange at
this season, something very unusual Our imports SO
Tar, this season. have been large and exports small
This has rednced the balsnce Of trade in our favor and
created a scarcity Of foreign bills.
The fremont Insurance Company. of Boston, has de-
clareda dividend Of twelve per cent
demand
The receiver of the Phenix Bsnk Charlestown Mass
will, on and after Monday pay a dividend Of fifty per
cent on all the duly authorised clams against the oank
The Commercial Bank Of Na,chez, Planters Bank Of
DO Commercial Bank Of Manchester and the Missis.
sippi Union Bank, all of Mississippi have beer Tor
hidden 10 their debtors, by writ Of Injunction
This Is very proper move, and will settle the aHaYs
Of these institutions very promptly.
The ANIMAL report ofhe Treas Of the Lowell Mass
Saving nsntion presents very favorable view Of the
affairs Of the institution, and the industry and economy
Of the deposos. The funds OF the institution amount
TO $575 49, standing in the Of AHA depositors
average little than $ls5 each When we consider
that the depositors In this Bank principally operatives
in the manufactures Of we have the best evidence
in the world OF their condition and prosperity The num-
Der comprises about quarter Of those engaged
quenty have the CRAFTY ing fact that Of every
four employed in the mills of THAI city accumulated
sum, that In sickness distress. will relieve their
wants This ee Ia also evidence that the wages Of the
operatives remunerating.
LOWELL SAVINGS INsrIrvTIoS
FMs'ds No Of depostors Nv depsssts efeS.
S373.l63 ala SlSo
lNvhsrMsNrs
Masa. husrtfs scrip $3000 City Of Charstown, 100000
City Lowell, $4,000 Csmhrdee, 10000
Medford, 5000 Midd tx ou1ty, 1900
Bond and mortgage, SeioOV
The hest mt ,hod to become acquainted with the
true condition Of the laboring clssses, to examine
Of the affairs Of the different saving institutions Of tho
country in time Of prosperity the deposits and deposi
tors will increase and in adverse times the reverse of
this will be experienced There be no better index
OF the times than this
During the hate session of the Legislature of this State
bill introduced TO impose Of ono tenth Of
mill for the payment Of the ununaed canal debt Of me
state. This debt, at the present tme acont
twelve hundred thousand dollars -
RgcAsIIrLATIor UNYynDrp CASAL DpBr.
For arrearsges to Contractors. .$l67, 94o 10
NJ ia MN