The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-02-23
MONEY MARKET.

Guebuuy, rcOs NS-c 4 We
The stock market opened with additional buoy ancy
his morning. and prices advanced fraction all round
At the board treasury notes improved Ia per cent
Ohio 6's /; Pennsylvania SIS u; Reading Bonds X;
Reading Mortgage Bonds 4; Farmers Loan y; Canton
u; Morris Canal u Harlem q; Long Island "a Erie
Railroad scrip Erie old stock u Norwich and Wor-
oester Residing Railroad Y There were large sales
of nearly every in the list and State stocks
particularly active. Within the past two or three
weeks, government and State stocks have improved
larger per cent than stocks Of fancy character while
the margin in the latter for an advance has been much
greater than The faneiss will again have
their day when the different que ons which are now
sgltating the financial and political world are disposed
At the second board treasury notes advanced per
cent; Pennsylvania 6sx Morris Canal u; Long Island
NJ all others closing firm ct prices rent In the morn
Ing. The sales of Long Isl nd, in afternoon, were
large there very lie done in any other stock
The excitement relative to the treaty Of peacs with
Mexico still continues undated and the bill spectators
in Wall street making the most OF it, The most in
anxiety exists learn the fate the treaty In the
senae and in the event Of it's ratification government
stocks verythng else in the shape of stocks would
advance with the greatest rapidity 1t would however
be well for those operators speculatng for rise
In prices be little cautious to not be too sanguine
there is many slip between the cup aud the lip
The great improvement which will, without doubt, be
realized prices upon the ratification Of the treaty by
the Senate will be- perhaps worth the risk, and many
SPECTATORS will no doubt take ir.
We have advIces that this treaty has been ratified
by the Mexican Congress- it had not at latest
dates been submitted and this fact may prevent It's
immediate ratification by Senate. 1t may be dis
posed to defer all action until official accounts have
received that the Mexican Congress- has acted upon
The President may refuse to submit it to the Seuets
until aavices of defnte character received
from General Scott than those the public is in possession
of. Afew days will dispose of ell these doubts.
The Bank Of Louisiana has declared semi annual
dividend of four per cent New York stockholders viii
receive that amount exchange Of application at the
Merchants Bank on and after the 9Th of March next
The Madison and indianapolis Railroad Company have
declared semi-annus dividend Of per cent pay
able to New York stockholders, at the Ohio Life and
Trust Company, on the LIST of March.
The Board of Public Works Of Ohio and the trustee
Of the Wabash and Erie Canal havo agreed upon the
into suspension in less than hours after
rates Of toll for the ensuing year to be charged the
Wabash aud Erie and Miami canals. Considerable
ductions have been made in view of promoting the
trade between Gin cinnat and Northern Indiana.
1t is expected that the Miami Extension and the We
bash and Erie canals will be opened by the 18th Of
March next-orders having been issued by the resrec
tive boards to that effect
The navigation Of the Wabash and Erie Canal will
open this spring good order from Lake Erie to Lodi
miles within thirty six miles OF Terrs
Haute. The division from Lodi to Terre Hauts Is al
under contract to DO niehed in the fall Of 1s4s and
the work 10 progressing to the satisfaction OF tho trus