The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1845-06-22
MONEY NIARKE II.


The stock market is in a very unsettled state and
prices fuctuate from day to day fraction stonington
fell OF per cent Harlem, Long Island Norwich
and Worcester improved Morris Canal, 4 Farmers
Loan, Illinois, Pennsylvania SIS and Canton closed
arm at yesterdays prices The transactions very
limited.
Samuel JONES' Jr. Esq, has been appointed President
pro empore Of the Baltimore and Ohio Railroad Com
pany, during the absence of Louis McLane, Esq APP
pointed Minister to the Court of st. James,
The Boston and Providence Railroad Company have
declared dividend of three and half dollars per SHARE
payable LIST of July at the Phenx Bank.
At Mobile, the 18th instant foreign bills
shade higher with light supply while Of domestic, the
supply though moderate, was equal to the request
Rates have not varied materially, he tendency how
being in favor of drawers although it
sary to give wider range to quotations to cover the diff
crent rates at which time bills negotiated Checks
the North and East in most sold at pre-
MUM. which riae sitter than last week; they
in fair request also gold for travelling purposes State
notes have fallen OF in value fully per during the
week, owing to the comparatively limited request The
bank checks on New York at premium Receipts of
specie during season, 81, 2l4,sO3.
AT New Orleans the 18th instant foreign exchange
was steady at last quotations Bills England ast
premium France, ST. IS ST. 273 on the North at 80
days, a discount; sight a premium
The people Of New England appear to be more OK.
cited about railroad speculation now than ever before
and there in that section manynew roads in
contemplation at time since the first road built
at present There is the Connecticut River and Lake
Champlan Railroad 1.-THE Boston, Concord and Montreal
Railroad; the Nashua and Worcester the Providence
and Worcester the Old Colony to Plymouth the Hart
lord and Danbury and the Portland and Montreal Rail
road in contemplation. or in state ofcompleon These
lines would comprise at least thousand miles rail-
road costing not less than twenty millions of dollars
They will eventually be completed but it will be the
work Of years. Many Of these lines underway, the
stock fully subscribed, and already at par in the Bos-
ton Market while tho subscriptions to the others are
rapidly filling up. Tho stock in these lines s principally
taken by people living the route marked out As an
evidence Of the feeling general in New England in
relation to railroads. the subscriptions to the Portland
and Montreal Railroad is about fair one One master
workman stated that he had six journey in his shop
and each man would take share. Another mechanical
company had fifteen and they intended have thirty
shares in that shop young tailoress at work in
family, declared herself ready take two shares The
hired girl in the house. ready for share
These but few in thousands None of these
people go beyond their present means and willingly
vest dollar Of their hard earned wages in the rail-
roads of the places they live in little Of this spirit
distributed among the laborng classes Of this vicinity
would build Erie Railroad and complete all the
other works in this section almost useless their
half finished state. The books of the Connecticut River
and Lake Champan Railroad opening in the prn.
cipa towns Of Vermont along the line, and in days
the subscriptions amounted to 81 900 0O0 in from
500 to $4,000 by parties able to pay down at
dollar they subscribed This is the proper spirit
long is not carried too far and long is con-
fined to works of real value there will be little danger
of its being strained
There three railroads in contemplation from Bos
ton to Montreal viz the Boston, Ftchburg Burlington
and Montreal road the Boston, Concord and Montreal
road and the Boston, Portland and Montreal road All
these roads partly built and the friends Of each are
making efforts to push them through rapidly as posi-
BILE. The route of the Fitchburg will be without doubt
the most productive it runs through richer coun-
than either of the Others and will doubtless be the
first completed The Concord and Montreal railroad is
the next most favorable route the country through
which it is intended to run is rapidly improving II has
been asccrtained that there will be no grade on the
whole line exceeding fortyfve feet to the me-thsre
will be heavy rock cuttng-there will be an unusual
proportion Of straight line there will be no short
curves very large proportion Of the line il along the
| streams bays and lakes, requiring light grades and
moderate expenditures that the grading of the whole
line will be less in amount than any other road of equal
length in New England The survey has been made
final, ready for the construction Of the road.
The Portland route is direct and about hun.
lred miles than the Fitchburg but II runs
through very poor section Of the country and its locs
travel would be very limited The saving in distance
would give an advantage in cost Of construction and
| in expedition but these would without much doubt,
he than Offset by the other roads in increased pro-
$500 m.