The New York herald., 1844-10-30
MONEY HAltkET~
Tuesday. Oct. A0-6 r. M.


The stock market il in very sversh 81 nts and quota
tions very fuctuating Norwich and Worcester ad.
vanced per cent Reading Railroad +; Farmers' f3
Mohawk Stonington I. Harlem fell of Erie Rail-
road Canton Pennsylvania 6s, Nor ris Canal g.
East Boston, Long Island Ohio 6s and lnA'iana closed
Arm yesterdays prices The sales were vsry limited,
with the exception OF Morris Canal the operations IN
which quite large, at decline OF fifty pea cent II
seems to be the general opinion in Wall street that this
concern fall through, andthe stock ahoa become
worthless We do not how the p.srtiss VINO pur
chased this canal under tho mortgage can raise the
amount pay what they promised unless fhe old sssk
holders forward and pay the meht Oh sach
share as proposed They undoubtedly dslsenss1 upon
this resource to meet their engagements, and this
fsi'ing we see no other way but to aiond;n the
purchase and allow the representative OF fAe Dutch
loan to take il for the amount offered, VIZ !; nins
hundred thousand dollars. II is Ginicun 70 mako
the public believe that this work can ever oe made
productive There has been much mHusy expendeser
which those investing have received equivalent hat
all afraid to advance another dollar. Most ci tho
holders Of this stock operators in Wah Srse' VINO
nothing about the ultimate productivenM OF puso
works long peculstons he carried on IN hs
stock and quotations Auctuate from day doy sh nceh
to give them chance to make money of them ms
Morris Canal at present the principal feature in ns
stock market, and the decline eyperience&
sion thst hs old stock about good for nothing Consd
erablc place day at the old board in
laon to the time sales of this stock made prev the
ast ins and the conclusion arrived wa that those to
whom stock due who had obligated thsmsclvsstc to
take stock abandoned the whole, unless they wished to
pay up the twenty dollars per share in which ssse
the stock to be delivered II would doubt Ne very
gratifying to many could they any way by which
the canal could lie made productive and 1t would no
doubt be something than they anticipate The MeA
rs Canal has two great competitors to cope with in tina
transportation Of coal from the mines Of Pennsy lvans
the Delaware and Hudson and the Delaware and Des-
ware and Raritan Canals. the freight on which,
cording the closest calculations, will range below
thai on coal via the Morris Canal We ststsnsnts
showing the Of freight coal to New York by the
Rartan Canal, and also the estimates made Of the rate
on the Nor s
EXPENSE or TRArsroRrISc Coal FROM MAueH Cryrx
NEw Yosx ny THE DELAWARE AND hAhrAr
Freight tolls from NJ Chunk to Easton act 20 2slao
Tolls on Del Canal per ton. .,. i ho.;. a'o
of i2O TONS will be coal, per ton. ... 90 eslo0
Freight on bsrees from VI. Chunk to N York,
lsp miles, At 4 mil per mile. ......... 81 0o.loc
Tolls on Del 4 Raritan.. 81
Towage from N Brunswick to N. Y.........
Total expense from NJ. Chunk to York .M.ss ss-lOe
Hy Morris Canal.
Tolls from M. Chunk to Easton,
Freight from VI. Chunk to Jersey
City, l4sf miles, at mills. LIS 6o-io0
ST. % - 100
Dfs renee in favor OF the Raritan. ........ 7los
which 10 less by e7aO Of a cent per tor than tas upon
the Morris Camel making allowance fer tolls on the
Morris Canal The present in transporting coal
through the Delaware and Rartsn Canal from MSush
Chuak to New York. amounts to 81 81 $500, but when
the outlet at Blacks Eddy shall be completed, at
pense oi $l00 000 incurred for snlarging twenty-five
miles Of the canal correspond with the Lshsh Cansl
80 as to enable the bsrges Of to go the waters OF
the other the expense will be reduced to 81 90 ssloo per
op The estimate made Of the Morris Canal Is inside up
with the prove that so to 54on bea could pass through
It's length. The expense Of freight the Morris Canal
according TO the above table, is estimated at mills per
mile, and on the Rsritan ct mills per mile This diff
s put down in quence Of the increased risk
proportion TO the aze er the boats the former, in
consequence Of the pes and the expense OF tive horses
in drawing 81 ton boa. the Morris whereas 1t Is done
by the Delaware the load passes all the way
with the These things all to be taken into
confederation, a. they a--ts~ make up the whole