The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-11-06

There has been active dema nd for sterling bills
but the supply upon the market is much larger than
at the departure Of the previous packet that the rates
have recsded little Cotton bills have been In better
demand within the past day two, the result
doubt of the reports from the South relative to the
cotton crop The early appearance Of frost throughout
the cotton growing section Of the country will
all apprehensons relative to any depreciation In prices
for the material and raise the credit of cotton
bills in the market and reduce the rate for bills gene
rally. There has not been very active demand for
bills on other points Domestic exchanges continue
quiet and the rates without alteration. Uncurrent
money Is scarce and the amount daily presented for
redemption Is small that the brokers have very little
to do. Our State currency is in demand at the West
and our free bankers cannot supply all that is wanted
for circulation in the Western States New York State
stocks much wanted for banking purposes but the
market price ranges high, and the amount Offering
Is so small that the increase of currency Is moderate
and only to limited extent Specie, particularly
silver, is in demand and nearly every description OF
silver coin commands premium. The Asia takes out
about 100000 tomorrow to Liverpool one half gold
and one half ,ilver The probability is that within
twenty four hours from the departure of the ASIA
shall receive accession Of full three millions Of gold
dust to our present supply Of precious metals 80 that
II will be that the stock hand Is constantly in
creasing.
The receipts at the Office OF the Assistant Treasure
Of this port to day, amounted to $77,1e7 IS. Pay
msnts, $4o,o56 so. Balance, $4,02s,173 90.
The National Insurance Company have declared .
semi annual dividend Of eight per cent.
We lelrn that the difficulties which have been com
planned Of on the twenty four mile level above Piqua
on the Miami canal, are now removed by an abundant
supply Of water Within few days past an active
business has been done the route in transporting
merchandise purchased for the fall trade.
The Schuylkll navigation was opened yesterday to
Phenixville, and the work on the remainder Of the
line to Lewis dam is completed. The work ct that
dam viii be finished by Saturday next and Monday
the entire communication between Phisdelphia and
Reading will be re.eNablishsd.
The directors OF the Philadelphia Bank have de-
carsd, out OF the profits for the last six months
dividend Of ave per cent and also extra dividend
Of two per cent, arising in part out Of property
ceived from the trustees Of the Bank Of the United
States, clear Of State tax, pay able on demand.
The Germantown and Psrkiomen Turnpike Road
Company have declared dividend Of per cent, clear
Of State tax for the last six msnths payable on the
18th instant.
The Delaware Mutual Safety Insurance Company,
have declared Q cash dividend Of per cent on the
capital stock and scrip Of the company payable on the
LIST of December Also, scrip dividend Of 10 per cen,
on capital stock and earned premiums for the year
ending 3lst ult.
The Fuphford and Bristol Turnpike Road Company,
have declared dividend Of 81 per share for the last
six months, payable on the eth inst.
The Winchester and Potomac Railroad Company
have declared dividend OF per cent for the last six
months. A dividend of like amount was paid on the
LIST Of May. The road Is in very prosperous condi
ton.
The hrst wooen factory In Texas s just going up on
the banks Of the San Antonio river Tho proprietors
intend to manufacture the woollsns which they
will furnish cheaper than they can be imported The
san Antonio and San Marcos rivers abound with favor
able sites, and inexhaustibls quantity OF water
power The country IL admirably adapted to the rails
ing of sheep. All articles Of fsod are cheap the cli-
mate mild, and everything Is In favor Of the new
enterprise.
The subscription books Of the New Jersey Expiorns
and Mining Company, which were opened few days
since, at the house Of Messrs q. T. Jones Co, No.
SO Beaver street, are closed. The company offered
900 shares Of their reserved stock AMI the bscrp
lions exceeded double the amount offered The pros
pects Of large dividends have Induced capitalists and
business men to secure these shares for permanent
Investments. The white Of rnc manufactured BY
this company gsing into extensive fer the paint
ing Of our principal hotels and private dwellings 1t
is free from all the poisonous properties Of white lead
and consequently. the vorkmen not liable by lite
use, to the painters cholic from which, II from no
ether 1t must supercede the use Of white lead
The brown and black paints have been applied to the
iron and wood of the Pacific and Florida
and their return voyages show that s ravsnic proper
ties have prevented the least oxidation to the iron,
although exposed to the severe test Of salt water
The Mobile and Ohio rsilroai Is new progressing
rapidly The hrst section, thirty miles ncrth
ward from Mobile viii be In operation early next
spring. The Chief Engineer OF the road, Mr. John
Childss and MsUrs Francis b. Clark and John Blood
good, directors have been In the city several days
and have jus: completed the purchase Of rails for the
first section. The rails are heavy sixty Ave pounds
per yard and Of superior quality adapted to the very
heavy locomotives to be used on the road They are
bought for cash. on favorable terms The company
intend to urge the work until the whole road Is
INFLATED the AhIn rixar uhara In iai. A..