The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-05-18
CONNER CIAL AFFAIRS.
MONEY MARKET.
Thursday, May I7-G p,


The advance of yesterday in the stock market has
not been maintained The fancies heavy to-day
and prices declined At the first board, Harlem fell
off u per cent; Canton Company 70; Long Island, a;
Erie Railroad, "a; Farmers Loan q. Transactions
only to moderate extent. The stock market Is
in very curious condition considering the abundance
ofmoney aud the Of interest ruling Loans
call and short time easily obtained 1T six per cent
and there offers made at this rate than takers
which, there Is disposition to spec
ulate in stocks 1t Is the opinion of many, that the
appearance Of the cholera in this city would depress
prices stocks but tho effect of the visitation of that
disease has already been anticipated It would be diff
fcut to produce apathy in the stock market than
already exists and the easy state Of the money market
will enable holders to carry the ancios without much
loss in the shape of interest,
The receipts to-day, at tho Office Of the Assistant
Treasurer, $45,o31 payments, $l34,1s3 A; ad-
vices, SAL, 900; balance, So 101, 1878 Is.
The Citizens Fire Insurance Company formerly the
williamsburg have declared dividend of six per cent
The Mercantile Marine Insurance Company, of Bos-
ton have declared semi annual dividend of four per
cent.
Quite large amount Of notes. altered from some de-
funct Michigan wild.ca bank to the "Stark Bank"
bennington, Vermont in circulation in the West
ern part of this State. The name of the bank ia re-
Bank substitutsd-as is also Michigan" before Safe
ty Fund the top Of the note and Vermont print
ed in its place.
The New York and New Haven Railroad Company
have covenanted to pay tho Hartford and New Haven
Company 1000 year for twenty years. In considers
ton Of the withdrawal Of the boats of the latter from
the Soupd route and uniting their trains the station
house of the former.
At a meeting Of the block committees Of PhiIadel.
phia appointed to solicit subscriptions to the Pennsyl
vana Central Railroad 1t ascertained that upwards
of six thousand shares had been subscribed amount
ing to over $500 0o0 number of the committees had
not reported. We hope such efforts will be made
will secure the completion Of this important work
The sale Of Illinois and Michigan canal lands is
now taking place at Chicago. The lots on the west
side of the river being Sold and quite crowd
Of attends the sales which made upon the
ground A great many farmers and others along the
line of the canal awaiting the putting up of their
claims as all the lands in Chicago will be sold
The sales of Chicago lots do not go of very brsky,
partly Of the stringency in the money Market
and partly the lots not so desirable those
offered at the former SALE and do not consequently
much excite the attention Of spectators
We are glad to hear that the Chesapeake and Ohio
Canal is doing much larger business this than
ever before Six weeks prior to the time OF the opening
of business tho canal this spring, the receipts OF
-four at Williamsport alone averaged about thou
sand barrels per day This 1t Is represented has been
one of the most favorable every respect that
the canal ever had There has been no damage from
rshets to interrupt its business and the recent appro
praton of 5000 0O0 made by the Legislature of vr-
gnia to be expended in providing securely against
future damages has given those interested In this work
universal confidence in its ultimate productveness.
The newly incorporated town Of Chicopee, formerly
part Of Springfield is situated about four miles north
Of Springfield and is very fourishing town There
eleven cotton mills owned by the Chcopee, Cabot Per-
kns and Dwight Corporations. The Chicopee Corpo-
ration has mills, e2,5+ spindes, with capital Of
100000 the Cabot Corporation has mills Ia 900
spindes with capital of $500 oOO the Perkins Corpo
ration has mills, $4,000 spndles, with capital Of
$500 900; the Dwight Corporation has mills, 25,s2o
spindes, with capital Of 500 600 The mills give
employment to about 2400 operatives. Aggregate
spindles, 76,464; capital, $24o0000.
The quantity of -four wheat corn and barley left at
tide water during the second week in May In the years
1s4s and 1s4o, is rs follows -
Flour bills Vhesf, bu. Corn, bu. Barley 6w.