The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-05-24
r,rcot Demnnd Tor News-PhiIadelp
MONEY MARKET.
Saturday, May 23-8 p. M.

There is upward tendency in prices and the market
has experienced decided Improvement Considerable
anxiety exists for further and definite accounts
from the seat of war; Long Island went up per cent
Canton, Il Harlem, II; Reading, II; Morris Canal, Il
Pennsyl vania S. Il and Norwich and Worcester, Tho
sales of Of the fancy railroad stocks were large
particularly of Harlem, than twenty-five hundred
shares changing hands.
There was no second board to-day, the in which
the brokers hold their meeting undergoing the process
Of withdrawing and scrubbng We hope this purifca
ton will have very favorable effect upon tho brokers'
and produce corresponding improvement in their opera
tons.
There is way Of accounting for the advance in
stocks unless has been produced by the BEARS for the
purpose Of getting up prices in the hope Of getting
contracts and then depressing the market again to
the old level
Foreign exchange is in very limited demand, and tho
rates rule lower than has been realized for months.
Prime sterling bills quote at 81 81 per cent premium.
Our advccs by the britannia state that the packets
leaving Liverpool crowded with freight, from which
should Judge that the mportaons for the fall trade
coming in early but ii is evidence of their being
larger than usual
We alluded sometime since to the railroad monopoly
of New Jersey, and the effect Of that monopoly upon
fares The Camden and Amboy company, in their ad-
dress to the people Of New Jersey relation to this SUBJ
having paid dollar has derived from her lessees and
partners in this monopoly 1000 shares of stock worth
nearly $3.50 O00 has received in transit duties and divi
dends up to the LIST day of January last less
into her treasury than $53 13 o. and during the last
year 497 lis receipts last year equal to one
fifth Of the net revenue Of tho works-the dividends
paid during the year ls45 to the stockholders $4,000
shares SO per share amounted to $3.50 0oo while tho
State received $Se4s7 or nearly 20 por cent Of the
whole amount"
The Oswego and Syracuse Railroad Company,
organized at a meeting of tho stockholders held in o.
wego on the l4h inst Alvin Bronson elected PrcG
dent and Luther Wright, Treasurer.
The State Treasurer Of expresses the ut
most confidence in the prompt payment othc interest
the public debt Of that State due in August lie is In
Philadelphia using his best exeons bring about that
important result and have the greatest confidence in
the Of his efforts Itwould be unfortunate
should there be any default in the pay
ment in any future payment A relapse into delin
quency would plunge that State almost tnro hopeless
bankruptcy and the people Of Pennsylvania have I'M
responsibility their shoulders not only in rcla
ton the credit Of their State but account OF the
immense moral influence their resumption excrtei over
other delinquent States We trust the people Of each and
every county in the State will forward and prompt
~ every demand from the County Treasurer, a.
to enable him meet the acquisitions made upon their
the people will only second the efforts Of tho Treasurer
of the State and We have doubt IL will DO DONE and
thecredit Of the State preserved
The Supreme Court Of Maryland has decided qucs-
ton important to banks and business men, note was
deposited for colscdoni was protested-the depostor
sued the endorser but he feed himself by proving that
he was not personally called by the notary puolic
whercupon the cposor sued the bank the sgncr OF thc
note not being good The court decided that the bank
was not for the Of the notary he being
public officer. Tho bank was bound TO give him tho
note for protest Within certain me and that done.
and 20 the Jury instructed to give verdict for de-
fcndants.
An act repeating the charter Of the River Rasn Bank
passed both branches Of the Michigan Legislature pre-
vious 10 the adjournment This bank has exploded but
the sssignecs are Of opinion that little loss will be
sustained by public. They think that the will
pay 100 cents on the dollar and that bill holders are safe
and should not mako sacrifices on their notes. They
may be deceived, they say but ii looks IL the
whole thing might be settled up soon. and with little
no loss.
meeting Of the stockholders Of tho Worcester and
Nashua Railroad was held on Thursday last Hon. A. D.
Foster was chosen 10 preside The Immediate eplees u
mo meeting Y. " esaplsh We arsa VI Wis vefyviN