The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-02-04
MONEY MARKET.

wednesday, Feb. sd +. Ne
There was slight depression in the stock market to
day, and prices fell of fraction. Harlem declined y
per cent, North American Trust u, Reading Bonds
Ia, Canton u, Pennsylvania sd Ia, Norwich and Wor-
cester 4.
At the Second Board the sales limited and prices
about the those current in the morning.
The Butchers and Drovsrs' Bank has declared dill.
dend Of five per cent for the last months payable
the 18th inst.
The New York Life and Trust Company has dsclsr-
ed semi annual dividend Of three and half per cent,
payable on the 10th inst.
The City Fire Insurance Company a dividend of six
Der cent for the last six months payable ON the 10Th
inst.
The American Mutual Insurance Company of Balti-
more has declared half yearly dividend Of three per
cent to stockholders and dividend Of six per cent to
holders of script certificates for the last year.
The Insurance Company the State of Pennsylvania,
at PHILADELPHIA has this day declared a semannual
dividend Of five per cent
The North Western Insurance Company OF Oswsgo.
New York. has declared seniannual dividend Of ave
per cent, payable at the Mechanics Bank New York
The receipts of the Erie Rail Road Company for the
month of January ls amounted to $l027S o. against
$i3Ols 49, for the corresponding month in 1885, show
ing an increase of S., asa %.
Several of the Comm ssioners OF the Hudson River
Railroad Company have egain appeared before the pup
lie in the sspe OF advertisement in some Of the Wall
papers, cautioning their fellow citizens against
being influenced msled by attacks which have been
made upon the features and merits OF the river route
We have confidence in the judgment and discern
men of our fellow ciizens particularly of that class
likely applied for subscription the stock OF this
river road to think for one moment that the caution
alluded to is in any way necessary. Our citizens have
suffered often to b. again drawn into doubtful invest
mens with their eyes open. There are innumerabs in
stances still fresh in the recollection Urinary, where the
estimates were full haterng those put forth by this
company and the reality nothing but ruin to those in
volved in them We have only to refer to our stock list
for evde nee of the immense losses the original sub
scribcrs to certain stocks have experienced Stocks
which are there quoted at forty and fifty per cent have
cost the original subscribers par and cannot call to
mind more than one railroads in the country the
stocks of which have been sed many cent below
par since their construction commenced. The Erie
Railroad, which we have before mentioned, is very
striking illustration of this thing and, with this fact
before the public we can hardly believe that another
will be added to the List.
We are informed that Mathew Morgan Esq las already
abandoned the river route, and induced to DO.
eve that several of those who take such deep interest
in that ne other considerations than those directly
connected with the road profitable investment. The
absent associates alluded to- have given in their adher
ence to a more feasible route, and trust, the
question is agated that the citizens of this city will do
termpe at once which of the two routes 70 Albany is
the most feasible and concentrate their capital and their
energies upon it, that speedy completion may be
sured We must have railroad to Albany and 1t is not
right that the public mind should be distracted by tho
superior preentons Of route another any long
er thsn justice really requires.
The annexed statement exhibits the amount to the
credit Of the Secretary of the Treasury in the various
banks holding public deposits, and the mint, by returns
received to the 25h of January s47 and the amount
naming subject his draft showing also the amount Of
future transfers to ard from certain banks:-
MONTHLY STATEMENT THE TREAsuaIn OF THE UNITED