The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-04-10
MONEY MARK ct.
Thursday, April 30 p. M.

The paric 10 Wall street has reached q very great
nsignth The fall In prices to-day greater than
any before experienced. Harlem declined Der cent
Norwich and Worcester II; Long Island Il Reading
Railroads. Morris Canal Psnna- So, !; Kentucky
o. Ohio 6s, ~.
There was very slight Improvement in quotations
for the principal fancy ilroad stocks at the second
board but cannot be maintained in the face Of the pre-
sent state Of the money Market and our political and
foreign shArs Ths fancies havs yet touched their
point s very extraordinary fact that the most
worthless anciss have fallen on 30 much a. those
O more value. The sub.trsssury still creates great
deal Of excitement among stock spectators and should
the Senate pass the bill from the lower house.
there will be more lame ducks waddling out Of Wall
street than there has been seen for many days.
The receivers Of the American Mutual Insurance
Company have declared dividend Of twenty. ave per
cent ell admitted claims against the Company. psya.
BILE on the a2d inst.
second proposition has been made to the Michigtn
HOUSE Of Representatives for the purchase of the South
Rsiypad Tho price offered 10 $3.50 600 0C0 In
fifteen days $4,000 ninety three days and the bslarcs
in ave years, in equal annual instamsnts The con-.
pany IL to have the privilege Of connecting with the
Toledo Railroad. and Of completing the Palmyra road to
Clinton and restoring the between that road
the Toledo road They are, also within Ave years.
10 complete the Southern road point far west a.
the meriuian Of Codwater out with the privilege Of
,scting their route Of Hllsdas They are also TO
keep the road between Hsdas and Monroe In condition
for business.
The banks Of Salem, Mass, have declared the follow.
Ing fen annual dividends :-Asiatic Bank, 5000 OC0
three per cent $4,000 Commercial, o00 three per
cent 5000 Ex,hangs 5000 ooo three per cent 50 ooo
Mercantile. $500 Ooo two and half $4,000 Merchants
5000 900. three per cent 80 900 Naumkeag $500 0o0
three per cent SIS salem s25ooos three per cent
$500; Village, $4,000. three per cent s. 600 Dan.
vers. three per cent Warren, three per cent
There are Ave railroad iron mills in this country
In Massachusetts,. in Rhode Island in New Jsr
sey, in Pennsylvania, and one In Maryland II il
estimated that those mills will work up thousand tons
Of pig metal per week These works have large con-
tracts from several Of the railroad companies for
rails and those already manufactured and devers have
been pronounced By competent judges. equal to any
imported The demand for rails in this country must
within . few years. be immense, and the increase Of
ns for their manufacture l. great that shall soon
b able to supply it, however large It may be-
The receipts Of our railroad companies continue to
increase and the actual value Of their stocks AZ perma
nent investments to improve spite of the complexion
Of things in Wall street, and the low prices ruling in
the market. We annex statement showing the gross
income Of the Norwich and Worcester Railroad Com
psny for the first three months in each Of the past three
years