The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-10-28

MONEY MARKET.
Tuesday, Oct. 27-6 r. M.

The stock market wears brighter aspect Norwich
and up per cent; Harlem I. The sales
were almost entirely confined to these two stocks
At the second board prices fell off fraction from
those current at the opening in the morning.
The Boston money market continues exceedingly
easy and there difficulty in obtaining discounts at
the banks upon first rate business paper The Boston
share market has been active, without much improve
men in prices, with the exception of East Boston, and
Norwich and w orcester stocks. Dividend stocks
main quiet; this is particularly the with the sound
railroads. the approaching division of profits dis
inclnes holders to part with their investments present
prices II money continues plenty the first Of JAM
uary it is now there but little doubt that these po
pular and safe securities will command the present
rates, with the dividends Of Most of those dividends
will be four per cent while the interest for
sixty days will be but one
The Concord IN. H. Railroad Corporation has inde6
nely postponed the consideration of assuming the
structon Of the Souhegan Railroad The subject has
created good deal Of excitement among the tockhold
and COO out of 20 900 shares represented on
the occasion The majority for indefinite postpone ment
was l726 The Concord road has been of the most
successful enterprises of the kind that estab
lished in this country. It divides per annually
and its shares readily command thirty per pre-
MUM in the market The gross earnings last year
S2as 479 the expenses oaleavng $s3 a3l net out
of which two dividends, of five per cent each,
paid shares the par value being $50 each and
$l342 added to the contingent fund The second track
laid down by the Nashua and Lowell Railroad, the past
year. has greatly facilitated the business of the line,
which has the directors of the Concord road to
construct q continuation Of II between Nashville and
Manchester and for this purpose 600 shares have
been created and taken the stockholders the prem
upon which has been an extra dividend in effect
There is doubt Of the railroad between Mon
hair ~tnl xbos
qured to be taken up Montreal having been nearly all
subscribed for. All the made by the rail-
road companies the and middle sections Of
this State, increase the necessity and import OF
pd extension of the Harlem road TO ntersec the great
net work Of iron lines, which rapidly spreading
the New England States this State and the Cana
das When the Harlem Railroad reaches Somers, there
will be space of only sixteen miles intervening be-
tween II and connection with than twelve hun
dred miles of railroad. The completion construction
of road that sixteen miles, would open to this city
the railroads Of the northern part of this State and of all
New England, at all seasons Of the year. How long
will the citizens of New York suffer this sixteen miles
to remain uncovered by iron truck which will open
to them the trade of the interior Of all New England
When there is so much spathy the part Of CAPT
talsts that work like this suffered remain dormant
what probability there Of three millions Of dollars be-
ing subscribed construct railroad the banks of
OF me nnest rivers WORLD the navigation
which is only suspended about thirty days the year
The capitalists Of this city have expended much
ney upon works Of internal improvement which have
proved worthless, that it is the difficult thing
in the world to enlist their aid in constructing works
ally possessing merit.
In about thirty days the advalorem tariff goes in
to operation and we have doubt some very i'm
portant alterations will be made in the system Of appras
ing goods The Importance to the revenue of hav-
ing efficient appraisers, well acquainted with tho
qualities and values of goods in the market in which
they are manufactured lie of the utmost consequence
10 the honest importers, under the advalorem system,
without whom they will be the victims Of the inca
pacity and ignorance of unqualified persons as APP
praisers, particularly in the department Of French
goods. SO difficult to acquire perfect knowledge
Of, and possessed by but very few persons but up
on which half of the revenue is levied, and
which is defrauded annually to very large amount,
as may be perceived from the number of suits which
have been pending for years past but almost all OF
which the government loses from the appraisers being
unaequantsd with the qualities Of goods. They rssds7
the revenue dspartmsnt unpopular with the Jurors, s'