The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-10-28
aavnustton Of rnu Ohio River,
MONEY MARKET,
Wednesday, OFT. 27-S p. Nj.


The stock market opened very heavy this morning,
and prices fell OF fraction At the first board Harlem
declined u per cent; Reading u; Illinois 6s Il Pennsy
vania 5s, III Treasury Notes. T. Long Island advanced
per cent, Farmers Loan The most active stock in
the list was Harlem, and the slight fluctuations in the
price from day to day sueut to give specula
small profits The bears are making desperate effort
to hammer this stock down. while the bulls are as &C.
lively engaged in putting prices up The meeting OF
stockholders of this company held at the Aston House
on Monday evening, adjourned over to Thursdav
evening" when the committee appointed to make such
arrangements regarding the payments of the company
about maturing, as are necessary under the crcum-
stances will report progress 1t is very necessary that
there should be full attendance Of those interested as
very important business will come up for consids-
ration and for final disposal 1t is about time the stock
holders did something towards placing the company in
proper position, position which the productiveness Of
the road and its encouraging prospects will justify,
and, In time sustain The different boards Of
directors have had the whole burdens thrown
upon their shoulders, and the directors have, in
many instances, been obliged to como forward
and carry through financial operations entirely upon
their own responsibility If the stockholders would
agree upon arrangement placing the debt of the
company In position 80 that its payment would be SO
distributed to be within the Of the company,
the market price OF the stock would be much enhanced
aud the extension Of the road could be carried with
greater rspidity and upon much favorable
Before giving views relative to the proper plan to
adopt to this object wish to see the result
the meeting to be held TO- morrow (Thursday) evening
at the Aston House.
The stonington Railroad Company have declared a
ssmi-annua dividend Of two and half per cent paya-
BILE on the LIST Of November. This is the second semi
annual dividend Of two and half per cent and here
after every six months the payment will be promptly
and punctuslly made. We have doubt the semi. an
nual dividends WILL hereafter be at least three per cent
The commercial revusion recently realised In Great
Britain be directly traced to two causes although
there many others connected with these two indi-
recty operating upon the commercial classes and tend
ing Garry out the work Of destruction common eed
The frequent changes which have within the past ten
years been made In the financial and commercial sys
TENS of Great Britain have tended more to derange
mercantile matters than the operations of few houses
enssged In any particular branch Of business There
has been too much legislation in relation TO these things
and it has impossible to engage with any guaranty
of success in any branch Of trade commerce.
fsctures while these alterations have been going
We have suffered from the changes In the financial
policy OF our government aud notifications and a!tera
lions from time TO tine In tariffs but they have been
aoJessls ssmpAsea With the s.remss realized In the