The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-04-11

COMMERCIAL AFFAIRS.
MONEY MARKET.
Tuesday, April 1O-6 p. NJ


The stock market little heavy to-day, caused,
no doubt, partially by the dsagrecable weather, and
partly by the fact of its being election day At the
first board Reading Bonds fell of u per cent Harlem
u; Long Island u; Canton Co. 4; Reading Railroad
a. All others closed at prices current yesterday The
sales not large and the appearance Of things in
the street atterng at the close Of yester
days second board
The steamship Hermann, from Southampton for New
York has been at fifteen days. and is nearly due,
with two days later intelligence from Europe. Wo shall
look for her about Friday or Saturday next.
The Bank of Brunswick, Geo, has declared q dvi-
dend of four per cent the profits of the last six
months and an extra dividend of ten dollars per share
payable in tho stock of that institution.
The Mechanics Bank, of Augusta Geo, has declared
dividend of eight per the profits for the past
six months We understand that independent of this
dividend they have q surplus hand of one hun
dred thousand dollars
The Commissioner of tho General Land Office has
decided that tho aidavits Of two more respectable
persons necessary to suspend the issue OF land
patent that where the soldier dies before the issue
of the warrant the right descends to the next Of kim
provided for by law.
1t is stated that the receiver of the Canal Eank WILL
in about sixty days pay the balance due the notes
>r bills Of the Canal Eank of Albany. On the oath of
1 ~ last, o dividend of sixty per cent was paid,
leaving balance Of forty per cent due 1t is also
stated that the depostofs will get diVa"'A" " "
thirty per cent on their claims.
The voters of the city of St. Louis have, by very
decided majority authorized the City Council to sub
scribe the sum of $500 the stock CT the Mississippi
and Ohio Railroad The voters Of the city Of Cncinna
have authorized subscription of 81 These
an aggregate Of 81 00O which, with the private SUBJ
scrptons along the ne and at each terminus nsures
sufficient capital to complete the road Some difficulty
has been apprehended relative to the feeling existing
in the northern part Of Illinois, and fears enter
tanned that the Legislature of that State will not grant
charter the bill introduced at the last session having
been defeated. These fears doubtless groundless
believe that the friends Of this important road
have cause of alarm The people of Illinois must be
too we'll aware of the advantages they would derive
from tho construction of this work. to throw any OBJ
stacles in tho way of its speedy completion. Some
little difficulty may be experienced in locating tho
route and there will be, without doubt influences
brought to bear upon the Legislature in favor of and
against certain points of termination the Mississippi
river. These differences will without doubt, be recon-
ciled by compromise and favorable charter granted
The road will form link in the great Atlantic and
Pacific Railroad that is to stretch this cont
nent. The citizens of Cincinnati and ST. Louis havo
made strong effort in this matter, and there is no
doubt of its accomplishment
The President of the Lehigh Coal and Navigation
Company has given notice that in consequence of the
passage by the Legislature of act to restrain copo
ratons from issuing obligations redeomsble otherwise
than gold and silver which act alleged to have been
specially designed to prevent tho ISSUE in compliance
with the expressed wish Of the oompanys creditors Of
coal certificates the issue of such certificates has been
suspended
The of tho Georgia Railroad, for the inan-
cal year just closed will amount to at least 1920 000
after paying interest the debt and all the expenses
of tho road This is fourteen per cent on the
pita which is about 81 225,OOO. This handsome
increase the revenue of the previous year.
Tho South Carolina Railroad Company have, during
the present season, done very large business
The income of the road for March this year $780,
Ooe against $4,000 for tho month last year About
$4,000 bales cotton transported over the road
during the month, being average Of nearly 1900
bales per day All the Southern railroads doing
large frcghting business this year. the receipts COM
pared with last year show greater increase than
Of the Northern roads Most of these roads have been
long laboring under embarrassments in their financial
affairs but they extricating themselves rapidly,
and must soon become sound and prosperous corpora
Aara