The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-09-02
C0MMERCIAL AFPAIRS.
MONEY MARKET.

MON61 NAHAkAhVs
Friday, Sept. 1-6 II. M.
There was slight improvement in quototions for
stocks to-day, and material increase in the transac
lions. At the first board, Canton advanced per ct
Norwich and Worcester q, Harlem u, and Long Island
y. All others closed at prices current yesterday
The notes of the Sandusky Bank redeemed
presentation and the bank will continue to redeem
them.
The Bank of Norwalk has not suspended payment
reported by telegraph
The Receiver of the Canal Bank has given notice
that portion Of the assets of that institution will be
sold on the I'd of October.
The following quotations for American stocks ruled
in London at the latest date
United States skies, 1867, 95 90; New York SKIES
1866 80 "a; do ives 90 OIL; Pennsylvania fves 81
So; Ohio sixes 50 a 90; Massachusetts { fves 90
100; Indiana fyes, 81; Illinois skies, 80 81; South
Carolina fves Barngs, So; do do. Palmers So Loui-
siana fves, Baripgs "a So; Maryland { fives, e. a
90; Alabama fves, 1861 do. { do, 5s a 90; Kentucky
skies, So; Tennessee do, 81 ST. United States Bank
shares los
There has been an improvement in the grain mar
ksts since the arrival of the steamer Very tran
sactions have been made at the advance orders
any extent have not yet made their appearance, and
holders waiting bids from buyers. The small stocks
and light receipts in connection with the certainty of
an extensive foreign demand for breadstufs will
soon have an influence upon prices, and have
doubt permanent Improvement Of some Importance,
win be realized. We learn that great many orders
have been received, and that the Niagara brought
moderate amount Of specie for the purpose purchas-
ing grain, particularly Indian corn
The New York tate Bank has declared semi annual
dividend Of five per cent
The Mechanics Insurance Company of Newark
have declared semi.a dividend of i've per cent
Counterfeit fves on the State Bank of Ohio, Miami
Branch at Troy, are in circulation.
The canal trustees have arrived in Chicago and are
engaged in making the preliminary arrangements for
the sale of lands that is advertised OIL on the
first Of September
Efforts being made to have the sale of the farm
ing lands postponed until time in DC tober, t,
give the farmers opportunity of realizing from their
crops to better enable them to purchase The amount
of land to be offered is about 100000 acres and it
estimated value, according to the price set upon by
the appraisers, will not vary much from 100000
This Of course, includes town lots and water powers
considerable portion of the farming land is i'm
proved and occupied, the occupants under law O
the State being entitled to prescription right of pur
chase ut the appraisal, which, though it has not ye
been made public by authority, is understood to b
above the views Of those DESTROYS Of bee oming pur
cbasers The tract if tract it may be called embraces
come Of the very best lands there in the State
itb HNe mites III Wlutn on either side OF
the canal in successful operation and excepting
what has heret ofore been disposed is the grant of
each alternate section from Chicago the head of
navigation upon the Illinois river by the general gov
eminent to the State. to aid in construc ton of
this great work
We learn that efforts are being made to direct the
trade and travel that properly belong to the upper
lake. canal and Illinois river route, into other chan.
nes, by Representing the Illinois river at low
stage Of water not to be navigable, There is no
truth in these represe nations whatever the Illinois
river the last accounts was in better boabc
condition, and steamboats, ply upon its regular
~ and speedily. The canal is in admirable navgable
order and is crowded with the finest freight packet
boats in the country 1t is stated that the Illinois
river always reliable navigate than
The Ohio for the respective classes of boats which
vigste the two streams. Thus far the Illinois and
Michigan canal has done large business, and the
amount Of tolls received has exceeded the anticipa.
items of these intimately acquainted with the re-
sources of the country through which it passes In
the event of there being active foreign demand
agricultural products, there will be increased
activity ON all our public works and Of course,
increased income from tolls This will BE- very desra-
BILE thing to those States which involved in their
nances and of equal Importance to the producers o.
the West, located in tn mediate vicinity of these
works.
The Ogdepsburgh and Lake Chanplain Railroad is
in such state Of fcrwardness that it is expected it
will be ready for travel this fall of lSi9. 1t is est
mated that the cost OF the read cars houses depots
&C.. will not exceed 81 700 00o This road is intended
to connect with the Vermont and Massachusetts Rail-
road, at Burlington, by ferry across Lake Champlan
and thus form a continuous line from Boston Lake
Ontario for the purpose of cutting New York out
the trade of the country bordering upon that of
water The probability Is that the railroads of thi
State will tap this Ogdc nsburgh road at its termna
ton the Western shore Of Lake Champaign and di
vert from Boston much the largest portion of the wheat
and trade which may be attracted from Lake Onta
rio by the route.
The Erie Railroad Company have CONNIE nee laying
the track of their road from Binghamp.on eastward
About two miles Of the track will be laid weekly and
it is expected that the connection will be made with
the main line and the road this city, by the
FIRST Of January, 1s40.
The annexed statemcn Mt exhibits the assessed value
Of real and estate in the city of New Bedford
in each OF the past two years.
ASSESSED VALUE rRoPERry IN New BEDFORD,
Mass, lSiT, 1915.
Real Estate. Personal Este. Non Residents. Total
iSs.. ' .cS,,iS iOssSSS 1855 1855 si is,ssjy
- -
Decr'se '~''' 1850 5000
The number Of polls in 1915 was 4, O36 showing an
increase of 1866 since ls4 The assessed tax for lsis
was $50 sl4 So
The gross receipts, expenses, net income, and an
nual dividend OF the Old Colony Railroad in each Of
The past two years, were a annexed -
OLp COLONY RAILROAD.
Net HeoV D.rdcuds,