The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-06-02
MONEY MARKET.

IhursGay, June 10 II. Nj.
There is nothing in the stock market-no ma
tsral change in quotations in extent of
Although prices rule at reduced points, it difficult to
get them up than two per cent before they
fall back again to the starting point and sometimes
below The principal of this state of things in
the market is the fact that most of the fances
the hands of brokers' and held in the street Out
sider have not been induced to purchase to any ex-
tent this spring. and prices depend entirely upon
ability of the brokers to carry the stocks they have
If the money market remains easy prices may be
tanned If the shipments of specie continue to any
tent prices must give way few weeks will settle
these points
At the first board to-day, Long Island advanced y
per cent? Harlem 2s Norwich and Worcester a; Nor
ris Canal "a; Reading Railroad "a; Eric Railroad y;
North American Trust Is; Treasury Notes 4; Can
tonh
At the second board, Harlem fell off "a per cent !;
Treasury Notes u; Long Island "a; Illinois Canal
Canton advanced u, and Norwich and Worcester H.
The steamship United States from Liverpool brought
$4,000 in sovercgns, and the Northerner, from
Charleston. S2s 500 in specie
One of the most important works now under con-
sideration vt the South, is the Mobile and Ohio rail-
road to extend from Mobile to the Mississippi line at
Columbus, Kentucky. The road could more properly
be called the Mobile and Mississippi railroad Nearly
six hundred thousand dollars have been subscribed in
Mobile. This is only about sixth part of the est
mated cost but If the people Of the State Of Alabama
raise million of dollars it will ensure the co
struction of the road 1t Is estimated that the aggre
gate Of the road will be SO $685. aud the total
distance from Mobile to Columbus, Kentucky is 1901.
miles.
Two estimates Of the probable cost Of the railroad
have been made varying with the weight Of the rail
used-one with the weighing 20 lbs. to tho yard, and
tho other with the IT, bridge rail weighing 40 lbs to
the yard The cost of the railroad with heavy =
mil Weighing 20 lbs to the yard from Mobile to the
minus tho Tennessee river with depots, water sta
tions side tracks with n lighter rail- &C. for single
track, is estimated Mt S47157l3, and with the U, or
bridge rail- 40 lbs to the yard SO 5S7 743. To which
amount the Of S4363Oo is added for locomot yes,
freight baggage and passenger cars place the rail-
road in complete and effective working condition.
The estimate of the probable cost of the railroad from
Mobile to Columbus KY with the heavy rail, including
depots Sc as above is 3005o3 and with the 40 ID
RAIL- 81 6dli23 to which the sum of s547 600 for motive
power, is added
The entire route surveyed for this line is exceedingly
favorable The route recommcn ded commences at the
city Of Mobile proceeds up the valley Of the Chckaaw
boguc to the dividing ridge between the waters of the
Escatawba and Tombgby rivers; thence on this ridge
60 the head Of the Escatawba thence to the valley Of
The Buckatunna rver thence up the valley of that riv
and its heads to the east Of Marion Lauderdac coun
ty Miss; thence east of Narkecta, Kemper county,
Miss to near Macon, Noxubee county; thence to the
intersection of Old Town, Chowappa Coberts and Tai
abbnela creeks, passing about on miles west of Aber
deem; thence near Carroisve, Itawsmba county Miss