The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-07-10

MONEY MARKET.

Fr1uay, July I'D Fs Ms
The stock market opened to-day very heavy and
nearly every stock in the list fell Off United States 6s
declined u per cent; Ohio 6's a; Illinois al Reading
Bonds al Morris Canal al Canton AZ Farmers Loan Nj
Reading Railroad Q; Long Island Al Harlem X; stcning
ton /; Norwich and Worcester, Mohawk and Indiana
closed at prices current yesterday.
At the second board prices took turn, and nearly
every thing advanced. Reading Bonds went up u per
cent? Harlem 81; Reading Railroad IA; Canton III Nor
wch and Worcester u Long Island steady and ston-
ington fell of a. The transactions not very large
at either board and when the market closed there were
iudicstions of a farther improvement in prices.
The Boston water loan of 81 900 has been taken by
the capitalists of that city, the price averaging "a cents
on the 500.
The Greenwich Savings Bank has declared the usual
semiannusl interest orfve per cent per annum all
than hundred dollars and four per cent per
all Of five hundred dollars and upwards,
payable during bank hours and after the 10th inst
Interest called for will be credited In the principal
The County Bank Of New Haven, has declared divi-
dend Of four per cent; Exchange Dank, artford Mid
desex county, Middetown and Bridgeport Banks, each
three and half per cent.
Three banks have recently been organized In
Chautauque county in this stateviz Farmers Bank at
Nina Atlas Bank of New York, at Clymer, and the
American Bank, at Msyvie making four since the first
Of January last.
The Baltimore and Ohio Railroad Company have
finally determined upon route for the extension Of
their road westward. The Wheeling committee and
committee of the directors Of the Baltimore and Ohio
Railroad to whom the subject referred by the Board
have unanimously agreed upon terms which 1t Is beev
ed will lead to the acceptance of the law by the Railroad
Company and the early completion of the road
to Wheeling.
1T Is understood that the Objectionable features Of the
law be removed and that the unrestricted right
Of way is granted from the Virginia line to Wheeling,
the road not being confined to any particular line
quired to touch any particular point the way hher
1t has also been agreed that the city of Wheeling Is
to subscribe FIVE hundred thousand dollars to the stock
of the company, and to its prompt payment In
manner satisfactory to the railroad company free
gift of two and half Of ground, in position ell
gbe for the purpose to be made by Wheeling to tho
railroad company, for q depot and the use of steam
power on the railroad track in Wheeling Is to be Sc
cured
These the principal terms Of the agreements
Wheeling committee, and the committee Of the d.
rectors of the railroad company. The agreement has
been sent out to Wheeling for the formal approval OF
the authc rites of that town. which, therss doubt
will receive. 1t will then be submitted to the board OF
directors Of the railroad and there Is every reason 70
believe 1t will meet their sanction.
The gross receipts expenses, net income and divi'
dends of the Massachusetts, Western Railroad Company
in each of the past five years. have been rs annexed -