The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-04-30

OF the importation for the first four weeks in April
ls47 $24O37 in specie while for the same period
in 1349 the importation OF specie amounted TO only
$635746 The value of dry goods entered during tn
past week for consumption was S5O1,396; withdrawn
from warehouse, 1893 200; entered for warehousing,
S4SS23 The amount Of specie in the sub-treasury o.
this port at the close of business yesterday ss72
443 against 81 9S at the close Of the previous week.
showing reduction during the week of S12l o55 The
season has advanced that cannot expect very
large importations Of merchandise; and the receipts
from customs must Of course be small The sub-trea-
sury is therefore in fair way Of being drained This
with the large amount of money that will be let loose
this week by the payments of dividends, cannot but
have favorable influence upon the money market. 1t
is ESTIMATED that about million Of dollars will be paid
out on the May for the purpose above mentioned
The city government several banks and several nsur
ance and railroad companies, pay their regular semi
annual dividends on that day
The interest due on the LIST of May the bonds of
the Hudson and Berkshire Railroad Company, will be
paid on presentation of the coupons at the Mechanics
Bank.
Several failures have been reported in Boston within
the past few days. among the dry goods obbers Witha
single exception, they have not been of much magni
tude As general thing the merchants Of Boston stand
well; but there many cases where the amount Of
capital employed has been so limited compared with
the amount Of business transacted that the pressure
in the money market recently experienced was too
much for such houses to bear up under. The anxiety
exhibited by class of Boston merchants during tho
past three years. to extend their business into
the extreme sections Of the country without sufficient
capital to enable them to give the long credits required
by that class of customers has placed their affairs in
such shape that the first very pressure in the
market caused many Of them to suspend. In thor
efforts TO competc with the class of merchants in
this city, they have become banlrupts.
The New England Worsted Manufacturing Company
have declared sem-annual dividend of three per
cent.
There is every probability Of the amount necessary
10 insure the completion of the Pennsylvania and Ohio
Railroad being raised by stock subscriptions Twenty
five hundred shares have been subscribed leaving but
about fifteen hundred to be taken. to insure to
mt the work under contract. This is very impor-
tant affair for Philadelphia and pleased to see
the line in such fair way of being completed. This
will make the third line from the Atlantic to the West
two of whch-thc Baltimore and Ohio and the Penn
sv,xapa and Oho-conncct the Ohio river with the
coo,t: and onc-the New Y DIRK and Ere-connects the
waters Of the Atlantic with those of the Great Yves
torn Lakes Although these works will not come into
aroct con,petion with each other the trade Of the
West will be divided between them and for time they
ov NO, nrove so productive the stockholders Is
desirable but to the section of country through which
they pass and the places Termination they VIII De Oh
incalculable benefit.