The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-04-13
MONEY MARKET.
New York, April las p. M.

There was quite lift the stock market to- day and
the sales the first board to some extent Long
Island went up z per cent, Canton x Farmers Loan a.
u. S, Bank a Harlem ~ Norwich and Worcester "
Morris Canal 2k Reading "a, North American Trust
a. Treasury Notes ~ Pennsylvania SIS closed at prices
current Saturday.
At the second board the sales were limited but prices
generally improved and the market closed with an up-
ward tendency.
Mr. Asa Whitney, Of Philadelphia formerly one Of the
Canal Commissioners OF this State, has been elected
President Of tho Morris Canal Company of New Jersey
His opponent for that Office, Mr. l.. Marsh well
known the proprietor of tho hotel on schooley's
Mountain. The stock Of this company sold in wall
street to-day at par very extraordinary circumstance
for non dividend paying stock How much further the
imitation will be carried 10 impossible tell II il not
safe to be very short Of it, neither would It be very CON-
Portable to get caught with much Of 1t hand when
the crash II Is best to have nothing to do with
It, and predict that the prime in this bubble
will be the heaviest looscrsas there every
Of their being sadded with tho bulk Of stock at high
prices.
The decision upon the bids for the new Government
loan Of eighteen millions Of dollars was to have been
made this morning at Washington, but we have not
heard tho result 1t is pretty generally believed here
that the whole sum would be taken ut a small premium
The Mechanics Bank Of Augusta Georgia. has do
clared semannual dividend Of four per cent payable
on demand The Bank OF Brunswick, Augusta, 81 per
share
We find by tho following extracts from the official
ports of the Norwich and Worcester Railroad Company
that in addition to the internal difficulties Of the
pany such the protest Of their bonds the receipts Of
the road for March were the decline, and as the
quantity Of freight and the number Of passengers
rapidly decreasing nothing is wanting but competitor
steamer 10 be placed the line, done the last
spring to complete tho bankruptcy Of this concern -
Noswrcu AND WoacrsIgR RAILROAD
The receipts from the 9TH to the 3lst March,
The receipts from the 9TH TO tho aIst March. -
1871. ......... l6,s05, II
Decrease In twenty -four days. ..... 81 gao IL
IL Is somewhat remarkable, after the deporabe oes Of
the Atlantic, that this company should venture on the
purchase Of the Knckerboekcr river beat whose en-
gine and boilers belonged thu Do witt Clinton and
evidence Of what generally thought Of this inds
erection, tho vendors compelled to protect their
curity the boat to become the underwriters twelve
months at premium OF 900 the insurance companies
having declined the risk
One Of the bonds for $4,000 part OF the assc OF the
Long Island company received for the sale OF the Cleo
para and Worcester has been protested and remain,
unpaid presenting in future to the city OF Norwich and
the Long Island Railroad Company. "a slim prospect
for tho discharge Of their bonds for nfty thousand
dollars, falling due In July
II the Norwich and Worcester COMPANY had followed