The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-03-01
MONEY MARKET.
Saturday, Feb. xs-0

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Stocks very heavy to-day. and prices in many In.
STAGES fell off fraction Canton declined Ii vicks
burg II stonington. III Morris Canal Long Island
went ur per cent Reading Railroad Harlem, Far.
mers Loan Pennsy lvanis SIS and Illinois. closed a. yes.
terlays prices Tho transactions very limited in
extent
The demand for sterling bills this morning, was very
limited but quotations were firm, with tendency to-
wards an advance. Prime bills on London we quota
at 81 per cent premium.
The Manhattan FIRE Insurance Company have declar.
cd second dividend Of 20 per cent (makisg together
with the previous dividend. 60 per cen the claims
for Losses by the Are OF the 10th July last payable the
Ath Of March.
There went from the Wabash Valley and was cleared
at the Collectors office at the junction on the Wabash
and Erie Canal, 10 miles from Manhattan on the Mau.
mee year. 6o2 zoo bushels wheat and 81 400 barrels
OF -four the product Of Indiana together with 46 600
bushels Of and oats and we Learn that there are
now IS bushels Of wheat o. 900 Of corn, and $50
Of oats in store at that place. exclusive Of many thou.
sand bushels stored account Of farmers within few
miles Of that city.
tappears from table in the Louisiana State Trea'
surers Report the value Of landed property assessed for
lsa4 was Sl0l,2l9 s7s TO- The number Of slaves was
ia 1907 Of horses and mules, o703s; Of horned
cattle 367 900; Of retailers Of goods Of averns co.
OF grog Shops 29 Of apohecaries and notaries ~ OF
four wheeled carrages 1858 Of two wheeled do, III.
and Of billiard tables 49, The tax landed property
Sl4 73s o. slaves, Si73,l20 on other taxable
property, ss3. SIS 54-tctal, ss5s, 23i %.
bill has been introduced into the lower house Of the
Legislature .: Michigan authorizing the sale ofshe Gen.
trail Railroad The, leading features Of the bill ore az
MICHIGAN RAnRoAp SALE Bit.
l. William urgiss and 25 otnsr gentlemen Of Boston,
New York, Albany and Providence, are incorporated
with perpetual succession as "the Michigan Central
Railroad CGmpaDyv
2. The company may within six months, purchase the
Central Railroad for two millions OF dollars fourth
be paid down. aud the remainder 10 IL months theres
ter On making the nrs pay msnt they may enter upon
the road aud on the hnal tho property 10 vest
If the company fails to max. the first payment il 10
to be dissolved II they fail to mako the otner pay ent,
they forfeit the hrs and possession Of the road returns
cailed2 in tns uurecognizsd bonds At the Of
S4sl 500 each $l0U0 Of bonds; in the Palmyra and
Jscksonbargh railroad bonds in any warrants tr
s The company may alter the located route, but
must commence at some poot in Detroit not more shsn
e00O feet from the termination OF woodward avenue on
the river, and pass through Ann Aibor Jackson Mar.
shall and Kalamazoo to Lake Mihig N, and thence,
they choose to the southern boundary OF the State.
g. No railroad from the eastern or southern boundary
Of the Se shall approach within Ave miles Of this road
Nor shan any railroad com nsncing wtau 20 miles "
Detroit and extending to Lake Micngan, WITHIN an
average Of 20 miles Of IT, except the southern rsirosd
l. Damages Tor the right of way, &c, are to be as
cross roads are to be bui T.
Tolls are not to exceed present rates anti Jan I,
847 the opening Of the railroad to Lake Mich gan,
whichever shall first occur. Alter tpat, they not
to per mile Tor each person. and 10 cents
in adj ion &C. end f1ur, grain lime, SALT pas.er
Pot pearl ashes beet pork and WOOL not TO exceed
the average charged the Boston and Providence Dos
ton and Lowell and Boston and Worcester railroads
The company may own. charter or hire, not more
than eight vessels the Lakes and the
rivers AMI the waters connected herewith.
10 Within three years. the railroad to be completed
from Kalamsz,o to tho Lake, with iron weighing not
less GU It's TO tho yard Within two Years. ~ &c.
the road so miles west from Detfois with
similar lion Aso the entire length, when necessary
u Corporate stock S. QUO 200. may be increased to
So 600 Co., and be divided into snsies OF 500 each
May commence business when two millions are SUD-
scroed -
~ The company to pay an annual tax OF hall per
cent until l.t February lsst and thereafter Of one
Ter cent on the cspilal paid IN, including the two NIL
lions purchase motley, Ia lieu Of ell other taxation
- The State may re-purchase the railroad alter Janu
arv 1867 by paying Therefor tie maTke value OF the
stock, aud 10 per cent IN addition.