PHILADELPHIA. Aug
{"newspaper_name": "The New York herald.", "edition": "01", "page": "p4", "byline": ""}
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PHILADELPHIA, August -, 1s45.


There is great resemblance, just now, between the
state of the weather and the of the stock market
Both have been depressed and gloomy with only
sional CLEANS of sunshine, for weeks past and it has
been, and is utterly impossible predict the
Of either with any degree Of certainty from day
another. To-day, the weather is apparently making
desperate efforts to clear up for the wind pitches about
from nearly all points of the compass alternately and
we have had succession OF drenching showers
panied by heavy thunder all day The has shone
out at intervals and the sky presents patches of blue
indicating that to have clear weather at last
And yet it don't clearup While l writing the gut
the roofs of houses and spous are pouring down
torrents Of water but the rain has Gained off into kind
of ieecy spray, and at the time there have oc.
Cured four five intervals of dark shade and from the
reflection OF the suns upon the rain drops bright
and dazzling sunshine There are heavy and threaten
ing masses Of clouds yet in the amospheI and clear
weather is just as uncertain


The Districts of Kensington Spring Garden and the
Northern Liberties, containing population of about co.
0o0 have been thrown into OF intense excitement
by decision of Judge Kennedy of Supreme Court
enjoning them not to their works until
the exclusive right claimed by the schuy Kill Navigation
Company to the water of the river Schulk shall have
been tested by the Supreme Court This absurd in.
Junction ii carried out, will actually deprive an i'm
mense population of the OF the water Of large rv
er which runs along their borders for the purpose
OF quencnng thirst An attempt to enforce it, will,
fear, be attended with the serious consequences
Only think Of whole population of people being



der Of court-and that element too being water which
Like the atmosphere would suppose incapable of ex
elusive appropriation in its natural and floating state
lou must not use the water which bubbles from the
springs, and flows in chrystal stream at your
feet in all the wildness of unfettered nature un
III 1t Is decided whether the legislature has not
gwen It exclusively to particular person, a
corporation, or some such soulless body. If the
Legislature has given such right it is that the ut
ter nuy OF the grant should be shown in spite of the
nonsense OF a parchment mnded-jsdge Common
sense tells us that the right of the Schuy Navigation
Company, is nothing more than exclusive right OF
way Tor boats, barges SC, the river Schuy kill above
pose OF slack water navigation Any other construction
OF the grant so as to destroy the right of the nhabtant
TO take and the for necessary purposes is mon
strous, and will not be tolerated.
Il would not be surprised if this single Injunction
should result at the next session of the Legislature in
annlhiiang the chancery jurisdiction of the Supreme
Court, and turning it back again TO the old forms o
the common law An appeal to the Supreme Court ma,
De taken or the difficulty may finally be settled by hs
purchase the Spring Garden Water Works by the CITY
at whose suggestion the Schuylkill Navigation Com
pany have acted IN this matter and the three Districts be
supple by it, at the same rate they are now peying
Consolidation OF the city Districts into one
IN which case this excitement will have resulted bere
fcially.


The stock transactions to-day rather iveler than
IN the tore part OF the week. and State SIS rallied gain
about better than yesterday. They closed firm at rs
The following the transactions at the Boards though
there were some sales out Of boards usual in fact
1t appears that the bulk of the transactions are out OF
Boards at present.


Sale OF Stocks mt PhiiadcIphia.


SECOND BoARn, August 2s-2,5 shares Reading Railroad
d Za Si720 Chesapeake Delaware Canal Loan 73s
800 Wilmington Railroad, S ds, l4ss.