The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-10-10

IHuRspAy, Oct. Sc p. n.
There change Of Consequence to day In the
Etock market The transactions do not vary much In
extent from day to day. there are no indications
present Of any immediate Improvement The money
market 10 slightly easie but there has not been yet
any reduction In the rates interest Several failures
have been reported within the past day two and 1t Is
highly probable that others will occur but have no
idea that anything like another panic will overtake us
or that any apprehension need be entertained that
greater sripgency will be experienced, than that We
have just emerged from The steamer for Liverpool car
Ned cut specie than anticipated but the banks
have increased their supply rapidly lately that they
do not feel the loss Of such moderate shipment The
arrivals from California within the past week have been
full two and half millions of dollars, which has left,
deductipg shipments balance In our favor Of about
two millions An accumulation Of specie In our banks,
1t this rate for any length Of time would firmly restore
confidence and put the wheels Of speculation again In
active operation The failures referred to is selecting
the chan from the wheat and when confidence again
d. Il will upon a solid foundation and will
not be easily shaken.
The National Insurance Company CT oston have de-
csred semi annual dividend Of ten per cent payable
on demand The Manufacturer Insurance Company
Of Bottom have declared semi annual dividend Of
fifteen per cent payable demand. The Powow River
Bank, at Salisbury, Mass. has declared semi
dividend Of four per cent
"sNArn that the st. Lawrence and Atlantic Railroad
VIII Re open for the transportation passengers and
neght On the 18th instant far as Melbourne dis
lance CT seventy miles from the banks Of the st.
Lawrence opposite Montreal that the road graded
far as sherbrooke twenty three miles from Melbourne
and that the road win be completed to the boundary In
the course of next season. and that the funds pro
vded to complete and stock the road.
The trustees Of the Illinois and Michigan Canal Loan
AZ he MAJ canE xc liar on he
Goth nft dividend of twentyone per cent the prn
eipa together with the regular six msnths interest.
The Eastern Railroad Company have taken the
troll of the South Reading Branch and Of the Essex
Railroad. They guarantee to the Essex road five pc
cent about $3.50 600 capital aud anything above that
Der cent produced by the net earnings Of the Essex
TO be equally divided between the Eastern and the Essex
companies.
The aggregate amount received for tolls the New
York State Canals from the Of nsviga-
ton to the 3oth Of September 1851, inclusive,
$2a9s54l IS. Same period In 1850, S2162l9O 80. In
crease in 1861, $2Se 35l So.
The suspension Of Mr. Pingree the millionaire of Sa-
en-, has produced sensation In the monetary
circles His liabilities down at S75o0oo while his
assets rominslly rated at S2000o which will pay
&ll bis debts and leave him million. The given
fer the suspension of payment is said to be large amounts
OF the endorsed paper nsovent tanners leather deal
ers, &C, which is becoming due, and which Mr.. P.
rtfufes TO pay extra interest great portion of the
amount CT assets must doubt, be unavailable proper
ty and probably large portion is in Maine lands in the
purchase of which the Smiths Of Bangor it stated
two three years ago. acting the agents Of the
Sale Mi al