The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-04-18
MONEY MARKET.


The Stock Market was very heavy to.day-Norwich &
Worcester declined per cent; Vicksburg do; Canton
Co. Ohio 6's, II Mohawk Kentucky B; Illinois,
Indiana Pennsylvania SIS advanced do; Long Is
land and Harlem closed at Yesterdays prices The sales
not very large.
The Mechanics Bank has declared semannual divi-
dend per cent, payable on and after the
LIST of May.
The Merchants Insurance Company of Boston. have
declared semi-annual dividend Of ten per cent
The stockholders Of the fremont Insurance Company
Of Boston, have voted to accept the act passed the Lee
gslature by which the profits of the Company be
divided between the insured and the stockholders
Exports Of Domestic Goods from Boston for the week
ending the 18th inst. a follows:
To Gibralter. g bales To East Indies s25 bales.
TO West indies. liz do To Africa. 900 do
Total .95l bales.
One dollar counterfeit bill of the State Bank Boston, al.
tered to tens, are in circulation.
The amount necessary to redeem the Merchants Ex.
change Company has been subscribed and the building
has again reverted to the hands of the original owners
An arrangement has been made with the bendhoders of
the Company for extension Of the bonds and reduc
ton oftheir claims by which the affairs of the Company
will be greatly benefited The rent of the building esti
mated to than pay the expenditures in the way of
interest, sc.
RECEIPTS SrEcIr A New ORLEANS ON The srH INST.
Per ship ST. Mary from New York. ........ s7s 600
FER eteamooats. '............ .".........". 1890
lOtdi .flObSOO
Received since September LIST. $64a5O43
The bill to authorize the Utica and Schenectady Rail
Road to carry freight taken up in the Lower House
ofthe Assembly the 10th instant The bill authorizes
the railroad to carry freight and requires returns be
made to the commissioners Of the canal fund and pay
to the cansl commissioners the tolls per mile
would have been paid if the articles had been transported
on the Erie Canal. Several sections proposed,
among which requiring all the railroads
Albany and Buffalo to make in the manner
as the Utica and Schenectady TO the regua
lations and to pay the same tolls. 1t contained pro-
vso, that the said roads should pay tolls property
transported on them, except passed the Utica and
Schenectady road; and another, that tolls should be
collected certain articles the products of this
such fresh meats, poultry, butter vegetables, &c, GO
ing towards tide water during the suspension of naviga
ton the canal This bill will undoubtedly become
law before the present session of the Legislature closes
It meets with general favor in both Houses
Both branches of the Pennsylvania Legislature have
agreed to adjourn die the Doth We have Sc.
rous doubts thing whatever relating to the State
debt will be DONE Not of the bills before either house
be carried through before the time for adjourn
men We not disappointed With this result after hav.
ing seen propositions made regarding the public credi
torsthat would have dsgaced any body pretending the
least particle OF honesty, not surprised at the
course adopted
An adjourned meeting of capitalists held at Bes-
ton on the 10th instant to carry out the resolutions
proposed at previous meeting in favor Of constructing
a railroad from New York to New Haven. committee
OF six were appointed to carry into effect the object of this
meeting was resolved TO apply to the Legislature Of
Connecticut for IN act OF incorporation in May next for
the purpose OF uniting the Hartford and New Haven Rail-
road with the Harlem White Plains passing through
Danbury, thus connecting the whole line Of railroads
from the North the South There is doubt but that
in the courseoi a gear two this connecting link will
be built and an inland Boston secured When the
capitalists Of the East take hold of any great work. they
are push 1t through The times are in favor of
these works Of public improvement Railroads are the
avorite stocks Of the day. Their prospective value
does not depend upon SO many contingencies as Bsnk
Insurance Manufacturing stocks. As the country In
which they situated grows, the more valuable they
become. They not only are improved by the advance
ment Of business hut they the direct cause Of the in
crease oftrade The whole of New England is filled with
rail roads there not State of the but has
more, except Vermont and she will be long WITH
out one running through tho whole length Of her rich val
ley ofthe two hundred aud fifty six miles between New
York and Boston, about hundred will be covered with
railroad track in less than year. leaving only forysx
niles to he covered at some future time. The people of
New England have me, us more than half way. OF the
whole distance only twenty-five miles Of road connects
with this CITY This land route TO Boston is OF the ut.
most mportance It's bui e'S est aud cheapest at ell
seasons, gives il aprS'S '"es 1t would