The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-05-15
MONEY MARKET.

There was not much activity in the stock market to-
day, and prices barely sustained. Several OF the
leading fnces fell OF fraction from the opening TO the
close Reading Railroad the most active railroad
stock the list Portsmouth2has fallen of within the
last day two; but the sale tomorrow win undoubtedly
have favorable influence prices. Long Island is
firm. The report just published has given holders
confidence in the investment and less stock is pressing
for sale. Erie Railroad continues steady under the
citemens attending the opening Of the road but Ninety
appears to be hard point to pass. Norwich and Har
slowly moving up and holders need have ap-
pr,hcnsion of any depreciation.
The receipts the Office Of the Assistant Treasurer Of
this port, to-day, amounted to Slol oas payments
Sf3cOS II; balance, s4,ic0,156 "a.
The Cambria from Liverpool, does not bring any com
mercial financial OF importance The decline in
cotton anticipated. The markets we're dull
and depre scd, and in fact there movement OF
any Importance in any OF staple exporting products
Money matters were without change The accounts
only three days later
The Bank Of Albany has declared semi annual divi
dend of four per cent payable on the 18th of May
The Mercantile Marine Insurance Company of Boston
has declared semi annual dividend Of I've per cent
payable on demand
The commissioner appointed by the Governor Of Ala.
bama select the lands in that state appro
priaed for the Mobile and Ohio railroad has completed
that duty, and made his report The qGlnty amounts
TO 500 sections about 253 40 Most Of it es
conguously to the waters of Mobile bay both sides
Several Of the islands in the rivers embraced in tbs
locations. All the best unsod lands within the limits
allowed by the act Of Congress have been thus selected
with view to their prospective we'll as immediate
value They present large variety of soil viii,
be valuable for agricultural purposes; others
So for commercial objects when the road is balt
and others again, already from the timber that l.
them. 1t is believed that these lands will average in
worth SO acre if 50, they will yield to the company
than 100000, than sufficient to defray
the cost of the road in Alabama
An election of officers for the ensuing year was
Gently made by the stockholders of the winiamspor
Elmra Railroad Company. Contracts have been maj
for the completion Of the within two years from thu
9Th Of June next The contract requires the road to be
constructed to correspond in width with the wide track
Of the New York and Erie railroad increase the
facility Of passing and from that road The compile
sion Of the Wihamport and Elmra Railroad will open to
Philadelphia and Baltimore a more direct and shorte
route to the great Western lakes. From Emira to Phi
adephia and Baltimore the distance IS leg and the
grades better than by the Erie railroad TO this city and
the William sport road is therefore regarded by the citi
zens of these places Of the important lines in
which they can interest themselves. The charter
granted by the last Legislature of Pennsylvania pro-
vidng for railroad connection with the York and Cum
Harrisburg and with the Wlliamspor and Emira road
at Wiliamsport, completes the great Northern and
Southern line Of railroad from Washington and Bal
tmore through Williamsport and Elmra to the lakes
So important was the Williamsport and Emira rail
DAD considered by the Legislature Of Penn sylvia
MA to the interests of that State, that a bonus
was granted Of all the tolls the Penn yvania canal
from Wiliiamsport to the junction at Duncans leland
eighty nilcs-on all passengers and freight descending
which may be brought TO the William sport and Elm
ra Railroad Thisis to commence upon the completion.
Of single track to the New York road near FL
mira and Is to continue for period of fifteen years
that time. The rails for the entire been con-
traced for They TO be manufactured by the Mon
tour works at Danville Of Pennsylvania iron The rail
road company at present entirely free from debt
stock has been subscribed to the of one million
Of dollars. This with loan which the company propose
obtaining on seven per cent bonds, will be amply sum
Gent to complete the entire road from Raston to Its in
torsection with the Erie road Era and to relay
with heavy rail that part Of the line which been lie
operation several years from wiiamsport to Raston
The bonds Of the company will doubt be easily nego-
tated The security is sufficient to satisfy any
the safety Of the investment The bonds to be
ycrtble into stock any time the holders may desire