The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-05-12

COMMERCIAL AFFAIRS.
MONEY MARKET.
FrldaY. Nav LIZ p. m

MONEY MANkEV.
Friday, May liz p. M.
The stock market opened heavy this morning. and
quotations for stocks generally declined. The trans
actions were only to q limited extent and there was
no particular anxiety exhibited to buy or SELL At the
first board United States 6's advanced 4 Reading
Bonds, a; Canton Co. fell off x Farmers Loan X !;
Long Island, \ and Harem q. 1t is long time
since We have experienced such an inactive state Of
things in Wall street.
The by the steamer is not calculated to improve
commercial financial affairs much this side of the
Atlantic The Hbernia brings about 100000 in
specie but the advces relative to foreign markets for
cotton and breadstuffs by means favorable
Trade unusually inactive. British and French
funds Arm at previous quotations The political
disturbances on the continent continued, aud there
indications Of cessation of hostilities We
shall have the Hibcrna's mail tomorrow Saturday
night too late for business purposes but it will give
the commercial community opportunity to thorough
~ digest the contents of their correspondence.
The Philadelphia Bank has male its regular semi
annual dividend of five per cent, and two per cent ex
tra making dollars per share, the profits Of
the last six months The Bank of Commerce, of Phi
ladelphia has declared semannu dividend Of three
ger cent The Bank Of Northern Liberties has de-
clared semiannual dividend of five per cent. The
Bank Of Pittsburgh has declared dividend
of four pcr cent payable demands and the Exchange
Bank four per cont.
The ship Sarah Parker Mt Nantucket, brought eigh-
sseen hundred dollars worth of California gold
We learn from official that the returns of
receipts of the Stonington pub
shed are correct Our remarks relative to the
ings Of railroad companies reported, not in
tended to apply to this company particularly, but to
railroad companies generally. We have heard fire.
quent complaints of this nature from stockholders,
and have doubt there is some foundation for them.
The tolls received at the collectors Office, Chicago,
since the opening Of the Illinois and Michigan Canal
up to the I'd instant amounts to $26S6 IL. This is
the result of nine days business three breaks in the
canal having suspension for the remainder
the time
The propeller Earl Cathcart arrived at Lachine a
few days SINCE with cargo of -four and pork consgn-
ed to the Champain and st. Lawrence Railroad Com
pany This Is the first of line of steamers about to be
put for the conveyance of the produce of the western
States to tho waters Of Lake Champaign is stated
that by the route of the St. Lawrence freight from De.
troit be delivered at Burlington fifteen days quicker
than by the Erie Canal.
The amount Of tolls received at SO offices on the
canals of this State up to theatcst dates in 1S4S was
$2O41 49, against $1oO7s1 II, for the corresponding
period in 1919, showing decrease Of $1369O Is.
The annexed statement exhibits the estimate Of the
Chief Engineer of the Pennsylvania Railroad of the
revenue of that work when completed to the Portage
road.
PENNSYLVANIA CENTRAL MISUNDERSTANDING INCOME
$4,000 through passengers that known
to take the Baltimore and Ohio Railroad and
the Cumberland Valley Railroads, that must
necessarily be diverted to road at 81 $17S SOC
$4,000 through passengers that go the
State werks, including the probable increase
the opening of our road. ut 50 25. 1O2 0OC
The revenue from local travel on the Baltimore
and Ohio Railroad, is AZ per cent of the whole
nj cd from, frav Tho