The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-11-24

MONEY MARKET.

Monday, Nov. 2 3-6 r. M.
The stock marketth morning opened rather buoysnt
but fe o slightly at the close of the first session of the
board.
AT the second board there were large sales of Harlem
and Norwich. ct triang advance on prices current in
the morning.
The Knicksrbocker Fire Insurance Company have de-
clsred dividend Of six per cent payable the LIST of
December.
The books for subscription to the capital stock oil the
Hudson River Railroad Company, open at No. .
Merchants Exchange. The sum required to be sub.
scrbed by the charter, before the LIST OF March
next is three uillious of dollars This with another
three millions-whch the company propose borrowing
will it is estimated be sufficient to complete the road
between tins city and Albany II is full time something
done towards connecting these two cities by rail
read shall in few days be shut off from all direct
communication with the interior, which will throw the
western trade, and the tide Of produce setting towards
the Atlantic ports to other cities When the expend
ture Of few millions Of dollars would give through
out the year communication with the whole western
country, for all the purposes of trade it is the most
astonishing thingsin the world that the energies and
resources of our citizens are not concentrated
upon of the proposed lines and efforts made push
forward rapidly completion There is capital enough
nthe eity there necessity enough for work of this
kind there is sufficient quantity of immediate profits
10 the investment to bring this thing to immediate
completion. There is large class Of moneyed in
this city more disposed to engage themselves in the
most desperate speculaons Of the day. something that
makes breaks them at rather than apply their
the construction of important and valuable
works Of internal improvement calculated to add to the
wealth. and increase the prosperity of the country and
become large and profitable sources of revenue. We
cannot expect to complete either of the contemplated
roads to Albany long there is such diversity Of
interests involved The best and most feasible
should be adopted and every effort made to put that
through with the greatest rspidity The Hudson
River route and the interior route, pia the Har:
lem road, may both be ultimately finished, but
it must be years before such desirable result be
accomplished Our impression, judging from the geo.
graphical position s that the Harlem Railroad is the
feasible the least expensive the to be the most
productive and Of the greatest importance to this city and
those interested stockholders and these things point
out that the line for immediate completion This road
is now finished and in running ORDER distance Of thr
ty6vs (s miles, This road intersecs point only four
miles from Sing Sing, the first town of any importance
on the Hudson rver from that point it DIVORCES into the
interior Of the country in tho direction Of Somers the
principal town in Putnam county and in the centre Of
rich agricultural section Of the country Somers miles
from the City Hail. about twenty Eve miles from the
Hudson river and about sixteen miles from the Housao
mic railroad in Connecticut will be observed that this
(which will be accomplished sometime in january have
reached very important point, that not only Sc
much greater than has been heretofore
received but point which further extension
of the line. Every mile added to the road makes its ul
mate completion matter Of much less doubt and
tny and cannot but increase the confidence of those
interested in its prod uctveness
We have nothing to say in relation to the Hudson
River Railroad Company any further than that hope
twill, after the second attempt to fill up the capital
stock has been fairly tested and in the of being
unsuccessful join the Harlem Company and push that
road through If those who have interested them
selves in the Hudson river route really anxious for
railroad communication with Albany, independent of any
local advantages road the river may give them they
will not hesitate to take hold Of and aid the
construction Of the Harlan road. More than third
OF the distance between this city and Albany will
DO covered by the track of this company and the remain
der Of the distance to form connection with the west
road, being about eighty miles, be built for
much less than that required to build the hun
bred and fifty miles on the river.
An effort s being made to ell up the amount required
to construct road from New Haven 10 intersect the
Harlem at point in the vicinity of williams Bridge
OF the twenty thousand shares apart for this city and
the towns the line, about $4,000 shares ha been
taken in this city. The company have opened nor
does intend opening books for the ndiscriminae SUBJ
scpon TO the stock but offer it to such parties only as
able to take it, and keep il from being thrown upon
the market There il not the slightest doubt but that
this road which will pass through the principal towns in
Connecticut the Sound and ntersect the Housatonc
at Bridgeport will be finished long before any connec
ton is made with Albany, by any line within our own
State The distance from the point where would Join
the Harlem to New Haven is about sixty five miles and
the distance from somers to where the Harlem would
;oin ia ai0
the slightest doubt but that the New Haven road will be
finished and in operation years before the extension is
made to Albany.
Another burning Of bills Of the Central Bank of Au.
gusa, Georgia, was had at the bark the l2th inst
when nearly forty eight thousand dollars were
leaving circulation Of less than forty thousand dollars
The coal barge General Taylor arrived at Paramount
Saturday afternoon from schuylkill Haven. She is
and half feet wide, and about hundred
feet long and is the first arrival from the coal region of
the large bases adapted to the locks and the
larged navigation.
The Nep Orleans Times of the 10th inst, in speaking
of Texas securities and exchange, says
"Tsxas securities have been quite inactive since our
last there is some demand at inside figures, but
holders not willing sell these terms preferrng
to await the chances of speculative movement in the
market ere long We quote treasury notes AK I5c;
interest notes i6a ie1 eight per cent bonds Is Isc;
ten per cent do 90 2lc. on the dollar
mo improvement has taken place in foreign exchange
and the demand as before observed equal to the
supply We quote sterling So 6 per cent premium;
France STA Of so. The rates for Northern exchange
have slightly improved under the influence of better
enquiry and quote sixty day bills on New FORK
Xa2k per cent discount; checks per cent discount,
The message Of Gov Drew, of Arkansas, announces
tht the State debt amounts to 6l So with an an
nal accrung interest of $I646 $50 10. The Governor
recommends that the State Bank be wound up The
psulaton of the State is being an increase of
ffr per cent in the last ak years.
Ola stock Exchange.
$40 Ohio Is GO e2z 50 shs Harlem RR $50 50
2a do 90 so do $40 so
gPenn3s 68Z 100 do boo 5cIS
sol Reading BIDS sam 73k 30 do 50iz