The New York herald., 1846-06-26


The stock market opened heavy today and closed hsav
decline Of about per was expersncsdin prices
ruling before the meeting Of the boards Canton fell OF
per cent Harlem, 4; Morris Canal, Long Island,
and Norwich and Worcester closed at yesterdays
prices. There large sales Of Harlem and Norwich.
We are under the impression, that tho stock market
for the next thirty sixty days. at least, will be very
much depressed and would not be surprised to sss
the principal ncies in the list within that te three to
1--WE per cent below present prices We sec nothiDg to
prevent this there has been particular improve.
mont in the money market and the effect Of the recent
favorable changes in foreign and commercial matters
generally, cannot be fairly felt before fall Tho i'm
provsment must commence at the outside Of the circle
and revovs regularly until reaches the great forces
Of Wall street In other words, all the minor ram6ca-
cations of trade must eelthe favorable influence Of the
changes before the larger and moro important ones do
The little brooks and rvules must be filed before the
river leading to tho be sweled TO s ordinary
limit. Everything connected with the trade Is healthy,
and all want opportunity to put the elements Of
prosperity into active operation.
There very little doing in this market In foreign
changes The for sterling bills have been steadily
declining and the demand for the Great Western has not
been active enough to sustain former quotations Prime
bills on London we quote at 7xa s'< per cent pre-.
mium Paris. sf s71z 81 IS; Amsterdam, ss ASK;
Hamburg, 34A 50; Bremen, Tx 77X
At Savannah the 10th inst, there little doing In
Sterling Exchange, and rates ruled at ~ per cent
premium The banks continued to check on New York
at X per cent premium for sight checks.
At Mobile tho l6h the transactions in sterling bills
limited SCALE The supply moderate and
fully equal to the demand Bills ON England, e per
cent premium; France, $40 a-per dol; New
York at 60 days. ~ IA discount; do at 80 days. lK
do; do at Is days. Disc; do at sight, par disc.
tarfoi otano fha nkarssH Honk IF Ten.
nesses. In circulation They may Be sssy detected
a. they are signed N. Ludlow, Cashier, w. Watson,
President the paper poor. and general appearance
rough
The jackson Manufacturing Company have declared
semiannual dividend Of ten per cent the jackson Co
eight per cent and the Perkins Co. eight per can't
The Boston and Providence Railroad Company have
declared semannual dividend Of four per cent The
Worcester. Lowell, 4; Eastern, Taunton Branch
and Maine, sk. 1t il anticipated that the Fitchburg
will mako g. and the Western, Tho policy Of reduced
fares has been pretty well tested lately by several Of the
railroads Of New England Since the reduction In the
price Of passage from Boston to Albany, by the wes
tern Railroad Company. their receipts have increased
very large per cent and there every probability Of IN
increased dividend being realized by the stockholders
The Utica and Schenectady Railroad Company Of this
State have increased their receipts by reducing the
are and In every instance where that policy has been
adopted the immediate results have proved to be the
wisest that could be pursued There IT, however, such
thing a. getting prices too low and Of the rail-
roads Of this State and New England have suffered from
that cause but recent arrangements have rassd the
rates to rsmunerang standard. and trust they will
be sustained by the travelling community.
The first annual report Of the directors Of the North
srn Ralrosdthe railroad from Concord. N. H. to the
western bank Of the Connecticut River near he mouth
of White Rver-has just been published. The route ID
% miles in length, and the maximum grade ID 80 feet to
the mile The grading masonry and bridging was H.
out last sutum in ten twelve different contracts Con-
siderable progress has been made in the work. and
this time about l,2oo hands enploys Cd upon the
whole line Unexpected that the lower ls milssfrom
Concord-wll be completed this year. Three
mens amounting to about IS per cent Of the capital say
$475oo have been levied and for the most part paid in
Tho annexed table exhibits the condition of each bank
in New Hampshire. the hrst Monday of june Is4s,
according to returns made to the Legislature ofhat State