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

O. "Wednesday, Dec 3i-6 PM
are up today-the feeling is decidedly in favor
~ mere are fumors Of some failures among the
ouns-and more are expected Affairs ars s,;, ..,, j,
Norwich & Worcester fell OF usr 49,. 1l.o''.eoa
! Erie Railroad improved II Der .sn, CN se,A.
Long Island, D. while Harlem, Mof.s Con-, -.
Loan and Pennsylvania SIS closed at yeusrdar,.
There has been very little done in fo,cion .r.l..
this morning prime bills London closed :, "a
cent premium
The North River Bank has declared dividend o. ,brse
and half per cent payable on the 7th of January
The Phenix Bank has declared semiannuaI dividend
OF three per cent, payable on the 9Th inst
The New Haven County Bank has declared dividend
Of fourpe cent, payable LIST January
The New Bedford and Taunton Railroad have declared
semiannual dividend of three and half per cent The
Asunton branch pays four per cent The Boston and
Lowell four per cent The Eastern Railroad and Eastern
New Hampshire pay four per cent The Boston and
worcester four per cent.
Inc western Bank of Baltimore has declared divi-
dend OF three per cent for the last year.
Inc Merchants Bank Of Baltimore has declared div
dehd Of three per cent for the last half year
Inc Bank OF the Metropolis at Washington has decar
60 half yearly dividend of three asa half per cent
There appears . considerable anxiety among tho
Operators in Norwich and Worcester Railroad stock as
the prospects for semiannual dividend now abopt sr
ms company have declared and paid three semi ANNA
DIVIDENDS OF three per mt EACH and they are as we'll
soe 70 declare dividend now as they at the end
OF each six Of the eighteen months previous to Juv
last The aggregate receipts this year will he abon,
twelve thousand dollars than they were last b;ch
will aid the company very materially in making a div
dend Is stated that several Of the directors of the
road are snort OF the stock and that the declaration of
dividend IS put off until they can get out
OF their difficulties. We disposed TO believsI
this statement as speculations in this stock hays
teen more extensive, and the NO and fsW
greater than in any other in the list Tie siures ~
luded to among the bulls caused by operations IL
this railroad Stock and il is to 10 expected any q
the directors very Short they would besitste
moment to postpone, if possible, the declasion OIL
dividend. to prevent any Improvement in the lastkrt
value OF the stock falling of Ct thirty per cent ine
price OF any stock, is sufficient to break down the
est bulls in the market. and it is matter Of aslcni
there have not been failures than have bssna
public
Ave - :. - soliizs ~ = E3s1sAs III
sasures s. .s .ps shs rsss,ssr
Albany. 1hsrs spPsers % hs determine Ion s., Il,
o. 'ne people Of Columbia DutcAsss Priaaua nj 4 49,
% sarrs this road through soon a. posals
a. it viii be q immense service to the ~ ~ ., go.
ern secon Of this State. and sAe most prs 50 49, IA.
when completes TAsrs . NJ dsubt bvt 81 ~ ~.
York, Harlem and Albany Railroad, will vb.n s,.s.s
pay better dividend than any other l.ilroad 4; .ss
country 1t will not only be the cheapest but the mc4
profitable road in the Union The average per 49,
from New York to Albany. will be twenty -dvT
thousand dollars per mile which will be forty Thousand
dollars per mile less than the and Albany road
It, local travel will to alone sufficient to give lsrei
dividend and the through all times win he large
bat during tho Suspension Of navigation the river, IA
viii be mu,ensa trunk OF railroads
nofta from this city, to which the eastern xaif
roads Twill connect and altogether its rospscts an
favorable than any other unhnssed soad in opsss
ticn.
The money markets Of III. rsua.ry viii y, ho aevoi
ee.ts.e in the present state for Create. pa. tko
coming Year There is every probability that Congress
wih commune III session until mid. sumner and long
a. they continue IN sessi.n there can be very little inn
provement in commercial affair. generally The PROMO
sed alterations in the tariff will tend 10 restrict foreign
and the proposed establishment Of the SUBJ
Treasury law will check the operations of the banks
and confne them a very limited movement until the
question is disposed of in way We cannot hersl
fore look for very ex tensive business in the Sprno
but the contrary very limited importation Of foreign
manufactures, and restrictions the mony market SUE
cent to check any speculative movementn any Of
great staple articles Of merchandise The contracten
in trade produced by these changes in our
commercial and financial systems cannoa but be of a
healthy character, will restrict credits, pre- en-
overtradng and reduce the liabilities ofaI those
rapid expansion of trade tend to keep down all attempts
to get up any speculation in merchandise anything
else. and put of to a remote por'od 'he re
vulsons in commercial affairs, that hay ~ squsn'y
destroyed ell those trading on borre~eu s.p.~' :.
become involved IN operations ~ " ' 49, -
credits deeper than thew Id eAtrica'e
Whatever tends - confne trade to propexSMl
..n,., u. o,nerwise than bensacsl 70 re ce9ry 81
lsrrs ss4 n the plated change iDcpr
or naancia systems. will produce -
,,ors a. !. 6r the time as IL ssftsn' - 'se
iis.if The very con,ess chat wa '-~c p'scs $3.50
~. ,-,rn,a .at.s affected By iess ShanSes' pI n.se
ave influence upon iAsir operations, WIN -
,a..ons n AZ cue SO hs they viii be prepsrsa -
~. rs.ul, whatever a say BE-. This viii be the 60
.sscularIv With those Interested in any modihcatn 81
the tariff but the movements OF the banking 1850
Zion. ma rcularly interested in the defeat 81 inc
.r.a.rrv scheme may be much different fry 'na' -
c;na,ea While the sub-trcasury plan psas 90.
hanks WILL without doubt be very cav - ,;g.,sn the
ration. and do every thing in their c,o.s nm. and
money market They may turn Il N.,.,sa Thsy may
cause greater panic than has .,.n.rrammeut 10 the
ana proosoy w. - fer the purpose Of 'nA''.
commercial ca'se. ana raising up III opposhaeh ~
eng the pupn' Z tho seat Of governmsn. 1919
the mea susurs defeat ., "e - 800
enoufa IN Nothing viii DO % ~ $500
ore.;,acs the public ssa'n,s sn ,ss,r oh,.cs
! 10 pIe'. .rcoeed in accomplishing '"e' o'9'S.'
the banks s.~n.h immediate relief 10 the money
they would 'u the screws rapidly as Possio'si
Market anu AZ their being unsuccessful IN oeies.
BAT y 'hs - nav hook IA contest - nnene''A
ing fss . 49, stsse banks md tho osnsrni cover
ss ~ s,~oassxy snd - scrisn a. ~ -
\ 1880 ns ~ 0Svsrnnsns and - '''~'s
'<..;ors n sssa a 49, t'sr : .z - -
- -s-s v,ctorous but IA sor.nsr air ha5 ncoz1
snsmy. and ihs e~sfnmsnt = - % assn'
49, rssstlcn. ,zs ahss caaks viii esso1sns
,ns for nearly The same object the United states rsn
s wow. and that ,nss. existence The SUB ire,
nsa Il enforced would eSrt snch powerful cnec,
non the movements Of these ta'e banks 'ns. 'ns Ss
i s,ns.. would become much hss p'on.o's s.-,s.-