The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-01-28

Weunesuny, JAN SI--o Hs me-
Tho stock market is improving very rapidly both as
RECORDS prices and transactions At the first board to-day
Farmers Loan advanced ~ per cent; Mohawk l1S ;
Norwich and Worcester ~ Canton Co "; Long
Island u Reading Illinois 6's Ohio 6's u; vcks.
burg " United States 6's, 1885, q Morris Canal =
Eie Railroad new stock, Il old y Harlem fell of Y
per cont
At the second board Harlem went up 2t Morris Canal
y; Norwich and Worcester ; East Boston Il illinois
Bank ~ Long Island Farmers Loan ~ Canton y
There large sales of Harlem at the ADVANCE and
market closed firm for all the fancies.
II will be perceived that prices becoming inf ated
very rapidly and there very little doubt but that far
Their advance Of several per cent will be realized most
Of the fances. The small fancies have thus far expe
renced the greatest rse and the margin for father i'm
provement before they reach old prices, is still very
wide. These stocks are however. very liable to great
and sudden fluctuations and those who realize small pro-
fits, generally make the most money. On the 9th OF
January, lsao, Morris Canal selling at 26h North
American Trust lsa Illinois State Bank 10 U. Bank
81 Norwich and Worcester 65H and Harlem 60A A
comparison of these prices with those current exit
bits very great decline within the past two years
The York Manufacturing Company, Maine, has do
cared dividend OF FIVE per cent. Tue Lacona Compa.
ny at ssco divides three per ctnfO the last six mon'hs
The Legislature OF Iowa has passed bill authorizing
the Governor 10 negotiate loan oil Roo
per cent interest An agent has been appointed
and will proceed to the East to negotiate the fale the
bonds.
Our citizens at last appear TO be convinced that
better communication during the winter than eny
existing, mast be had with sister cityand the great
urged for this at proren, appears to be the danger
apprehended that Boston will mako such good friends
with New York customers during the suspension of The
navigation of the Hudson, that Of hom will
return TO us.
7As TO the nero rivalry oftrade-it will always be found
In the long that traders will purchase here they
do so at the cheapest raesand will sell their produce
where they get the highest prices always counting
the cost to and from the market part Of the purchase
money SO long therefore freights from Albany 10
New York on the Hudson az low end WIN equa
despatch as like freight from Albany to Boston py fai
roadso eDg the comparative success OF the two cl'ie'
will depend on the merchants Themselves New f"ik
merchants therefore, it will be seen, have pretty good
tenure for the continuation Of their trade duinI ree
of the year Is 1t to secure equa advantages
for the remaining quarter that this work is now said TO
be necded7 The hasy action urged with so much orcs
at late meeting ofour citizens answers in the sfirma
tiye Our object then Is to secure as good an avenue
for and trayel between New York and Albany, Tor
thosa three months, as there is between Albany and
Boston How is this to be done so as toi, are to our
citizens This advantage OF the earliest porio' with