The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-10-20
COM MERClAl AFFAIRS.
MONEY MARKET.


There IL nothing In the stock market Prices
remain about the same previously quoted and there
L. the slightest indication OF any speculative move
msnt in any stock The brokers literally doing
thing ~ the nrst board, u. S o's. 1868, advanced
per cent; Ohio o's Z; Penn SIS "A Farmers Loan, 4;
Canton Co, y; Erie Railroad. y; Long Island, ~;
Reading Railroad, -. All others closed 81 prices
rent yesterday.
At the second board there activity la HAr
lem and sales to extent made. prpci pally
time prices ruling the arst board The trans
actions In ,h.r stocks we're limited.
The Ccmms OF the Canal Fund OF the State Of
Ohio have issued notice, that they propose redse
the per stock Of that State payable after 1850
by Issuing and giving In ershsos- six per cent stock Of
ltb and 1870 such rates premium b. agreed
Interest the proposed stock IL to DO paid SENT
annusy on the hrst day Of January and first day Of
July In the city Of New York
The Augusta, Georgia, Manufacturing Company have
declared another quarterly dividend Of three per cent
fr,m tn. profits OF their business for the last three
months
The Bank Of the State Of Missouri refused the 9th
int to redeem some five thousand dollars Of their
pot.s In n. legal currency Of the United states Tho
b-ns insisted upon the rsht to pay out foreign coin in
the r,d.mpiio Of their Own bills, the at
~bich they receive them depo-ie, ami refused to
pay them out by weight The right 81 the bank to do
this ~ss questioned, and the notary making the de-
maud russd e. accept foreign coin IN payment, except
by ~.ight a. s.isoii.bed b. the laws Of Congress.
The returns OF the asnks Of New orean. 70 the
Beard ~ Currency dst~d sept. 20 show on hand sps-
the Of 81 47o 22 aeircalst IN 81 81 400
oSs; dp,ses 81 5ssos2, loans on dspoits - 9i56i;
exchange sl92s 27S due foreign and domestic banks
lees exchange, 81 500 2Ol Total cash liabilities Sl.
.W sil. Total cab assets sIsi5o,2l,.
III. Michigan Southern Rsiiroai Company propose
extending their ~cstwardly from Hulsdse. Nch-
gan ~. pg,s.nt tsrniuus 20 Chicago, linois where II
will with che Chicago and Gzlepa Railroad,
and tb. IIlinoi, aud Michigan Canal A subscr pton
Of s2ho 600 viii .uass the company TO pro'scute the
voik Immediately, aud dui.h the division from Hills
dsl. to oldwst.r tsebty miles and the section tom
Isp,,ts to Michissn City thirteen miles within the
n.xty'sr
sixty eight miles Of the main lin. Of tho road from
the heed 81 Iak. Erie TO isiaie a. this tins In
u,e u IL the determipstin OF the directors that.
With the exception a the section from Lsporte 20
AiehigAn ity- thirteen miles work shall be
s,ructsd in di,i.ions continuously beginning a. Hills
dale through to Chicago that the amount OF lisbil
y may all times b. restricted and kept within the
Of the compauy and each division is dashed
TO bring the zane into aud In that ~sy increase
their revenue aud Such Is the plan
lsid out for extending this road from Its present
tsfn,ibus 10 thicsgo Inc distance from tiusosie 10
Clicssa Is 1Tb miles aud the engineer of the line, Mr.
Hasbuch estimates the cost Of construction. dep 1ts,
aud equipments ct ss,i4o.ooo which, With the sddi-
tiopsI cot Of re laying the old track 90 miles
Monroe 10 Hisdsle- with 10 rail (s5lo O00j and the
present stock (Ss0O0co, will make the aggregate cost
s4,i50 600 Contractors have, 10 IL stated already
ssre.d to construct the entire work except the iron
rails aud depos fer the estim sted Of GOO 900
OF this the contractors agree to take s25o0oo In
the bonds ~ the company convertible into stock II
stated that about $500 Of the stock vii be taken
BY people in the counties through which the road
pas.s This leave. about 100000 to be supplied by
the company by general sub eription TO the stock TO
prepare the road the iron The stock issued for
the est.n,ion of this road west Of Hsdsle vii BE- de-
nominated Construction stock" upon which eight
per cent dividend vii b. paid, from the time the
ncpey O. peIs tn. puuctuai payment Of which the d.
rctoIs ,ss guaranteed by the present finished por.
tim ~ 'h~tnsd as will be by the annexed Hnso-
siAi report
~ The saistins s.h. Il the Michigan Southern Raroai
Con pany 10 si4e 90 ~ sbch s335 coo IL dus to the
sssss Of Michigan, aud Is psJsSs ia se@iannusl psy