The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-08-31
C0MARRCIAL AFPlIRS.
MONEY MARKET

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MONEY MARKET.
Wednesday, Aug. 3O-6 r. M
The stock market opened heavily this morning. and
most Of the fancies closed at decline yesterdays
prices. Treasury notes fell of 4 per cont; Pennsyl-
vsnia Us, n; u s. es. 1868, u: Farmers Loan, 4:
Long Island u; Canton Company, n; Harlem, n;
Reading Railroad 1. Norwich Worcester advanced
kpsr cent Prices for stocks generally have not
RED one week with another, more than two per
cant. What they gain one day, they lose the next
aud operators make just about enough, BY these uc-
tuAtions, to keep soul and body together.
The steamship Cambria, for Liverpool, carried out
$1e140 in specie, and q moderate amount OF ex-
changes.
Proposals. will be received by the Commissioners of
the Sinking Fund.- the City Comptrollers ONCE until
Monday September H. 184S for the whole or any part
Of loan to the amount Of sos 900, authorised by an
act Of the Legislature of this State passed the 18th
day Of May, 1885, and by ordinance Of the Common
Council, approved by the Mayor, June II, 1S4S The
nj stock will embrace 6059 shares, the par value Of
which will be 500 each share and will bear interest at
the rate Of six cent annum payable quarterly
$40 900 of the amount Of stock be issued will be
redeemed the LIST day of February 1854 600
on the LIST day of February, 1855.
The Essex railroad will be opened for travel from
Salem to Lawrence on Monday next.
TAompson's Reporter gives the following list OF new
eounterfets:-
IS ON the Adams Bank, Mass, vignette, female in
sitting posture-steamboats on the right-spurious
bill 6e on the Northern Canal Bank, N. " visnetts,
female riding deer S. on the Middlesex County
Bsni, Conn; 80 on tho East Haddsm Bank, Conn; Is
on the Chester Bank, N: Y; los ON the Haverhill
ton q on the Franklin Bank, N. " los on the Far.
m.rs' end Mechanics Bank, Railway; Is the
TO- *. Is. Stat. sss Of
, on this Commercial Bank, Mass 2os on the Marine
Bank, New Bedford % ON the Peoples Bank r. l.;
Dsnk; Is on the Bank of Caledonia, vt.-n:kkeiv to
deceive; los ON the Tompkins County Bank, N. Y
rather good ls on the Bank Of tn: State Of South
The collector Of tolls on the Miami Canal Of Ohio
has received instructions reduce the rates on the
articles specified below =
Whisky is not to exceed, for any distance 75c per
1000 lbs oil cake soc per do burr blocks 1000 per do
nails and spikes hereafter to be charged the same
rates from Toledo southwark, as from Cincinnati
northward Merchandise, and al other articles now
charged with tolls through at 49, and MOTTO exceed for
any distance 81 so per 1000 lbs, will hereafter be
charged 81 SO through, and not to exceed, for any
distance, 81 until further orders Seeds, (domsstcD
to hereafter be charged the wheat Salt from
Cincinnati to Indiana State line, 81 These reduc-
tions, We understand are made to enable forwarding
blythe canal to competein the rates Of freight with the
Little Miami Railroad route.
The fortunate conjunction Of the Erie and Oswego
canals and the railroads at Syracuse contributes much
to business Its situation, about midway between Buffalo
and Albany, seems to mako 1t sort Of CENTRE from
which railways to diverge in various directions
The new road to Oswego will soon be opened as the
iron now being laid upon It, and will continue to be
- fast % arrives This road is hrtyhve miles long
and Of course must be very direct for It 10 but little
above an air line In addition to this, It's grades ere
all below twenty feet to the mile.
This road was commenced less than one year ago,
and has been pushed to completion with great energy
and most remarkable economy 1t will actually cost
Jess than $4,000 per mile with heavy iron rail- No
thing like this has been accomplished any where else
This road WILL of course control the whole business Of
Lake Ontario. This business Is very large. and 10
steadily Increasing The Bostonians actually con-
structing line Of railroads, at an enormous cost,
from their city, through Vermont, and across
Lake Champlain, to Ogdensburs, with the view to
reach and control the business Of Lake Ontario They
see the tendency Of Trade land travel on this most
beautiful of the lakes, and they hope to attract
over their railroads from Ogdensburg. Now the dis
tancs from Oswego to Boston BY raroad now so nearly
complete actually three miles less than their short
est line to Ogdensburg, while Osweso Is more than
one hundred miles west Of Ogdsnsburg. In addition
the distance to New York fifty miles less than it Is
to Boston II the business Of Lake Ontario will at ali
justify this immense outlay from Osdensburg to Bos
ton; then II would that the gentlemen who have
80 promptly and prudenuy made this connection, be-.
tween Syracuse and oswego ars establishing 6ne
route, and promising very great advantages We,
in New York. certainly very WELL by being brought
$50 miles the West than Boston get by all
its expenditures.
In addition to this company has been formed to
construct railway from Syracuse direct to Roohes.
ter Il Is formed under the general law Of last session
and 10 called " The direct railway between Syracuse
and Rochester" Two strong parties Of engineers
are engaged in the surveys, and have been on
now about two months. They are under the charge
Of O. w. Childs, Esq, very prominent engineer In
this State He is making thorough work and intends
to present survey and estimates that cannot fail 70
command confidence. More than half the line has
been surveyed and 1t 10 found that there will be saw
ing In distance Of at least twenty-four miles. The
present road Is 104 miles, and passes several consdera
BILE elevations. The route will be not more than
Eighty miles long, and as level as the canal This ID
the first company organised under this law, Should
the surveys, on completion, present as favorable
route as Is thus indicated the early
the road will follow to certainty for 1t must be
Of the bcst unoccupied routef in the State.
The annexed statement exhibits the quantity o.
certain aecles exported from Boston for the week
ing the .0h inst distinguishing dsstinatipu and tn,
es~pt oi shipments TO orch country
Co"msNcs ~ 10 ros -Wrrs.y Esroars
=. t''te Bsiisif Annstto, ic4oib b"cgs, cR'e