The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-09-08

com n ERClAh AFFAIRS.
MONEY MARKET.
Thursday, September &c 1

There were large sales day Of of the faneies
but yesterdays prices were not sustained. At the
first board Treasury Notes fell of y tper cent Erie
Railroad new, fell ~; Norwich and Worcester, x
Canton, e Farmers Loan improved e Reading
Bonds,h
At the second board Harlem declined q per cent
Norwich and Worcester, u; Canton, q, and Reading
Bonds advanced "a. There was more activity at the
second board than usual
The fluctuations from day to day in quotations for
fancy stocks fair index of the feverish state
the market Holders Of stocks appear to be strong and
little disposed to submit to any important decline, and
it Is almost impossible to get up any speculative move
ment sufficiently extentensive to carry prices up more
than or two per cent Money is abundant, the
market easy, and the indications are decidedly in
favor of improvement in stocks generally but it
will be sometime before advance is realised to any
extent Spectators in breadstufs in good SPIRITS
and feel confident of rise in prices and extensive
demand from abroad for consumption.
The Cincinnati and Columbus papers state that
counterfeit bills the State Bank Of Ohio of the de-
nomination of five dollars, are in circulation in both
dlaces The engraving is said to be badly executed.
The counterfeit bills little shorter than the
genuine; and the plate on the back is deep red in
stead olght orange. Observe, also that in the
terfeit the word Bank is omitted in the plate the
back, reading State of Ohio" instead of State Bank
of Ohion In the head of Franklin the left end of
the face Of the BILL the engraving is poor and the left
eye is omitted. By observing little caution, the
above description will enable any to detect these
counterfeits.
There will be, without much doubt, more miles of
railroad opened this year than in any previous one
since these works first in this coun-
try. Independent of the many lines about being
completed the extension Of old roads is progressing
very rapidly and sections Of country most remote
from the Atlantic have been connected with the prin
cipal markets Of the Union. Adult three hundred
miles of railroad will be brought into use this year in
this State about five hundred in New England; in
New Jersey thirty miles; Ohio, fifty milcs-makng in
these States nearly nine hundred miles of road Be-
sides this there at least hundred miles in pro-
gress, part of which will be completed in 1919.
The Saratoga and Whitehall Railroad will be finished
in October The business already done ON that por-
ton which is finished, exceeds the most sanguine
pectations.
The Hartford and Providence Railroad Company
have contracted for three thousand tons of railroad
iron, weighing sixty pounds to the yard. The con-
tract lie made at fifty dollars ton, and the IRON is to
be delivered in New York next spring. to be SUBJ
ject to the most rigid inspection IN this country.
The contract at present prices abroad will leave very
handsome per centage of profit to the sellers butt at the
same time 1t Is with two exceptons-one of the Utica
Co. at $46 6O the other the Erie railroad company at
$40 45 favorable to the buyers any bargain which
has been made for foreign railroad IRON The quantity
ordered will be sufficient to lay the track as far as
Willmsntic by this contract saving to the amount
of $4,000 Is effected the original estimate of the
expense the road in which the probable cost of the
iron was set down at 500 per ton The total saving
made on the original estimates for grading the bridge
over Connecticut river and iron for this
100000.
The Auburn and Rochester Railroad Company have
but miles more Of track to lay and this will
be completed in few days. BY the middle OF this
month the new track will be completed from Albany
to Rochester
Trains Of cars now running regularly on the New
York and New Haven Railroad, through Fairfield and
Bridgeport and In few weeks the line will be opened
between Bridgeport and New Haven. The whole road
will be graded by the LIST Of November and by the 1st
Of January the track will be laid in running order
from New Haven to the connection with the New
York, Harlem, and Albany road, at Williams bridge
The receipts from the main stem of the Baltimore
and Ohio Railroad, for the month of July S75,-
054 co. and from both roads during the period,
they amounted to not less than SOS AGO. being in
crease Of 1925 the corresponding month Of tho
year 1s47
Proposals have been issued FOR contracts for grad u
hs, portion Of the Cincinnati, Lafayette, and In