The New York herald., 1845-07-04
MONEY MARK EFT.
Thursday. July So PM


The stock market very fiat to-day, and prices
we're very ievcrish. Norwich and Worcester went up
per cent; Reading Railroad j Canton d Morris Canal
!; Farmers Loan 4; Long Island fell of i Indiana !;
Vickshurg Stonngton closed firm at yesterdays pri
ces. The transactions limited.
The Acadia arrived at Boston on Wednesday evening
h advices from Liverpool to the 10th u 1t appears
by the accounts that there had been change in the
prices paid for cotton although large sales had been e
ected The prospects for good crops favor.
able and the indications that the yield would be
good There full average circulation OF Bank
of England notes, and yet bankers enabled to OBJ
tain higher rates of interest This may have been owing
to the rather restricted circulation Of the joint stock and
private banks of the Kingdom
The Newark Banking and Insurance Company of that
city, has declared semi.annua dividend of three per
cent, payable and after the lst instant.
The Morris and Essex Railroad Company has declar.
ed semannua dividend Of 81 per cent ayable and
after the lst instant
The competition that exists Long Island Sound and
upon the various railroads terminating the Sound in
relation the transportation Of passengers between this
city and Boston, much greater this than in any
previous and from present appearances, should
judge it likely to be continued through the summer
months at least The outside boats to Pro vdence
tract to take passengers through from this city Bos.
ton for dollar and fifty cents. This amount they
have pay for carrying them the Providence and
Boston Railroad leaving the boats remuneration but
what profit they may make the supper furnished the
passengers board, which cannot exceed twenty-fv
cents EACH In consequence Of the great reduction made
in the usually charged passage from this city
to Boston, by this temporary steamboat lne the Long
Island and the Norwich and Worcester Railroads have
reduced their fare to the level and carry passen
gers through each way for dollar and fifty cents
The Long Island company have lately established line
of steamboats, from Greenport the eastern extremity of
their road, to Newport and Providence. The opposition
the Sound between this city and Providence is car
rcd to such extent and the price of passage SO far
below remunerating rate that the question naturally
arises, how can be supported The parties engaged
in the running of the opposition boat, perfectly in.
different about its earnings-hey do not look for single
cent in return for the outlay in that quarter The sup
port of the opposition is purely Wall street stock ope-
ration and long it suits the interests of these bro
kers corncring Long Island Norwich and Worcester,
and sonngton Railroad stock the boat will be regularly
employed the route In the meantime the travelling
public much benefited by the speculative operations
of these parties and take very little interest in the
suit so long as the fare remains reduced.
The stock Of the Stonington Railroad Company has
thus far been more seriously affected by the opposition
the Sound than any other. That road having land
travel of consequence depending almost entirely upon
the receipts from the through travel its income has been
sadly reduced by the attraction of passengers to
other routes 1t is stated that the receipts Of the road
have been much reduced that the interest on the
ponds OF the company due the first OF August cannot
ne PAID at maturity We the latest official re.
turns from this company, showing its condition at the
end of the last fiscal year. =
sroNrscroN RAILROAD.
Passage Money ana ,,e %
. An