The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-02-21

experienced another improvement. The foreign news
has had very favorable effect upon the money market
Long Island up II per cent; Norwich and worcss-
ter II; Farmers Loan I; Harlem Ii Ohio 6s !; Morris
Canal declined per cent
At the second board the market rather heavy and
prices fell OF fraction from those ruling at the first
board.
Several very extensive failures have taken place
among the produce dealers, involving very large
These failures caused 1t II said by bills
Of exchange for large sum, being returned from Lon
don under protest. they having been drawn upon house
on the other side, which has stopped payment.
The Sussex Bank. at Newton, N. j.. has made ssmi-
annual dividend of 4 per cent.
The fremont and Suffolk Manufacturing corporations
made semi annual dividends Of 10 per cent payable
the Goth inst.
In relation to the sale and quotations of American
tocks in London, Barings Circular says 1.-THE
suit of the operations Of ls45 has a. in the prsce
ing year. diminution Of the amount of capital stock
held In Europe. Reimbursement Of about two mil
lions of dollars has been regularly by the State
of New York, and s675,OOo have been repaid by the
Union Bank Of Louisiana, in addition to considerable
amount Of Ohio, Pennsylvania and other stocks which
have been forwarded for remittance and sell in the Uni
ted States On the other hand the investments have
been vary small ner can We anticipate any disposition
to purchase either old fresh securities until the dir
erences between the United States and Great Britain are
amcably settled and those States which stln default
have shown their willingness and ability to recon-
and continue the regular payment Of future div
dends and to conclude what will be regarded here az
an equitable arrangement for the arsarsd interest Upon
the stocks Of several States the Of dshonorsd
overdue interest has increased and thus
has added much to the debt, whilst weakens the
credit of the United States.
At present. the from the United States paralyzss
oil ubAr oso1a L.
ces must be submitted TOP
There appears be considerable excitement in Wall
among the holders of Morris Canal stock in rsla
ton to the reports which have for several days past
IN circulation in that vicinity 1t 10 stated that Mr.
Tyler the President, has resigned and that the Sscrs
tary, Mr. Bryant. will without doubt be elected to I'LL
the vacancy. The resignation of Mr. Tyler caused
by some difficulty that existed between him and Mr.
Grswold Of the largest stock holders in the comps
ny, in relation to the general management Of the
The recent large sales Of the stock made BY
Mr. Tylers friends for the purpose Of getting out Of the
company, and the purchasers were Mr. Griswod and
veral other large holders who have obtained possession
Of nearly all the stock and may, therefore, be induced
to carry out the completion Of the canal r contsm
plated.
The debt of the Morris Canal Company Is nearly four
hundred thousand dollars and s ali in bonds and part
in mortgages consequently there be foreclosure
deprive the stockholders Of their interest anticpa-
ted The company have about 900 to pay in July,
but is to contractors for finishing the canal between
Newark and Jersey City, in progress to be COM
.pleted in April, when the canal will be opened the
weather permits and the boats will from Eagon to
Jersey City. The funds ready to meet the above
payment due in July which w. learn ell the outlays
at present required
Az to the proceedings in the Legislature of Psnnsyl
vana they cannot affect the local business Of the Morris
Canal but will sensbly affect the through business
destroy it altogether. It remains to be whsthsr
the local business Of the Canal will pay the small
est dividend on the cost Of that work.
The whole il q football for the Wall street
speculator and would advise all those not at pre-
sent interested in the stock, to keep clear Of H. unless
they have money than they know what do with.
The difficulties between the Western and Worcester
Railroad companies have been amicably and satsscto'
ry settled The agreement the basis, that the in
derived from the ranapQrtaon of passengers and
merchandise, over the line Nrmed by the two roads,
shall be done heretofore, in running through
each corporation either furnishing its proportion Of
or paying an equivalent The income both from passen
gers and merchandise, is divided between the two cor
poraons, by making in the 6rst place. on each spu-
lated allowance from the Boston and Worcester corpo-
ration to the Western for the greater cost of road and
expenses Of working, in proportion to the amount Of
ransportaon and dividing the residue between the two
corporations in proportion the distance Of ranspora
ton on their respective roads On the Same ground Of
greater Of transportation the Western road
the Worcester corporation agrees TO deay the expenses
OF ioadng unloading collection and other local charges
on this end Of the line, Offset like expenses de-
ayed by the Western corporation on their part OF the
line, although the receipts Of the latter from the Joint
freight two three times the amount of those of
the former.
The eject Of the principle Of division applied 10 to
give Of the first class passenger fare regulated for the
present to the Worcester road for distance OF az
miles, S and to the Western road on distance of oS
miles, from Worcester to Albany 81 and on way pas
ssngers rate not exceeding cents mile, in addition
to Is cents allowed on the Worcester road
On the freight, which il graduated a. il well known
a. extremely low rates. and consequently gives very
low rate Of profit allowance made to the Western
road beyond pro rata division, Of 10 cents tom d.
Quoted from the share Of the Worcester road ON all
freight conveyed to or from places beyond springHs
The Boston and Worcester corporation agrees to pay 70
the Western $4,000 per annum, ON account Of the an
pensss Of the ferry boat between Albany and Green.
BUSH
The petition Of the Western Railroad Compsnv to M
Legislature that should prescribe the terms BY which
that corporation might use the Boston and Worcester
road has been withdrawn and the suit pending in the
Supreme Court Of Massachusetts has been
We annex statement giving summary Of the items
Of capital and deposits specie and cash items public
securities and private securities Of the banks Of the
State OF New York the morning Of the lst Of Febru
ary, 1885,
B tss',i e. THr STATE or NrT s ysa5
G c;pi,il ss Specie; ..
Sucu'auon.. zly0 Nv .ssn items $50 307
Pep sits, sss4,AoI Pabie securities. ). lIii,asi
Excess Of resources Private securities. $3.50 9s2
over liabilities. so25.e6i
Total. .......e Io sssOsi Total. sol s., osI
One bank having circulation Of 5000 0oo IL not in.
cudsd in the above statement These items compared
with previous returns present the annexed statements:
Non 1885. Feb. is<s Inc Dee
Capital. ....... E2N5.t0 4z-Q5s4eo lli.06l
Cireulatiou... slg3,sse 1osss3N uoo,e