The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-09-07

MONEY MARKET.
Sunday, Sept. Go p. M

1t will be perceived reference to table Of comp
rative quotations which give below that quotations
for nearly every stock in the list have during the past
week. been gradually but steadily declining. There is
for this movement growing out of the state Of
money markets. any unfavorsble prospect in rela
ton to commercial affairs generally bat is produced
by combination of brokers in Wall street. than by
any thing ese in other words the bears in the
ascendency.
If the state of tho money market such as
decline in stocks the depreciation would be general
might say universal. Such however is not the case
while of the fances falling of two per
cent daily others advancing the of twenty
and twenty-five per cent per day. This is enough to
show that something else than the money market that
the decline in stocks We do not there
much margin for falling of in the principal fances.
Harlem and Norwich and Worcester certainly have
margin for depreciation but the contrary in OPT
MON, have q wide margin for an advance.
In about thirty days the Harlem road will be extended
tweny.seven miles making its entire length fifty miles
The extension terminates at somers, large and thriving
town in Putnam county and in the centre of rich and
extensive agricultural country As permanent invest
ment the stock of this company sworh much than
is selling for in the MARKET Notwithstanding the miser
able of the road and the many abuses which
are daily practiced in its operation
The Norwich and Worcester Railroad Company never
was prosperous and thriving condition than it
is Since the and magnificent boat of the COM
pany the Atlantic, put upon the route, tho receipts
have increased large cent The profits on the boats
of the company alone thousand dollars per
night and the transportation Of through passengers
the railroad enable the boats to nett that profit must
DO very large This is the avore route to Boston, and
its local travel is very large being Of itself sufficient to
pay the entire running OF the road leaving the
through travel pay of the floating debt of the compa-
n.y. provide the appropriation the sinking fund and
furnish funds for the payment Of dividends We have
good authority for stating that dividend Of three per
cent will be declared from the nett earnings Of the
pany for the six months ending December 81 ls46, and
plid on after, the LIST Of January ls47 This
sumption of the payment of semannua dividends will
be permanent The road WILL in the cven of there
being increase enough to pay six per cent per
snnum and make all the necessary appropriations for
other ayments.
This being well settled it is matter of much
nshmen that the stock of the company rules such low
prices the market At sixty it is per stock,
present prices nearly eleven per cent investment,
with margin of fortyour per cent before it reaches
par
There has not been much done lately in Morris Canal;
prices appear to have touched bottom, and
suits the Of those in depressing the
ket to let it up, there will be rise rapid the de-
cline has been. The parties directly interested in fur.
management, and making great efforts get prices
down low that they get hold of large portion Of
the stock when movements will be made which have
been for long time in contemplation that WILL ifsuc-
cessfu place the market value of the stock many per
cent above present prices So far able judge,
there appears very little doubt in mind, but that the
movements alluded to will be successful that the party
at work depressing prices will succeed in getting pos
session Of large part of the stockhat the bondhoders
will lose their lien upon the canal and that eventually
there will be advance in the stock which will place 1t
nearly in the position it fell from. There is danger
ofMorris Canal going out of sight There is still further
no doubt but that will up again of these days
as good This has been stock Of too much i'm
portance to the SPECTATORS Of Wall street, to let 60
SO easily many in Wall street would have others be-
lieve, and have every faith, for the above
given its being ultimately reinstaed in its former po
son.
We a comparative table of quotations for the
principal stocks in this market for each day Of the past
week and at the close of the previous week 1t will be
observed that there has been throughout the week ga
dual but steady decline in of thshancies. This
attribute the little disposition manifest by opera
to make transactions than to any tightness in the
money market any other real for depression.
Quotations THE PRIycIrAL 5rocKs NEw
NAAa Man.