The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-03-26
Increase for February, 1874. /.
.$l9,320

Increase for February, 1884, $50
The bill of the House Assembly relating to allowing
the Utica and Schenectady Railroad to carry freight by
paying canal tolls, up for discussion before that
body Friday last met with general favor the ef
feet of the law would doubtless be favorable to the
nue. OF the State All the roads west of Utica have the
privilege carrying freight but benefit to the eastern
cities is derived from their doing merchandise in
tended for the seaboard be transported east of U
unless goes by the canal The bill will probably be-
come law before the present session closes Efforts are
making all sections the country from the east to the
extreme west open that link in the communication be-
tween the two extremes. By granting the Utica and
Schenectady Railroad the privilege of carrying freight
throughout the year. the western roads could be
PEELED pay toll the canal through the whole line At
present they carry freight without paying the State
bonus. for the privilege, as protection to the
canal. They have greater facilities than the
Schenectady road, whereas in justice they should
all be subject to the restrictions, and enjoy
the same privileges. The canals through this State
the last opened for navigation Those of the North,
South and West navigable time before ours.
The Welland Canal through Canada connecting the
of Lake Erie with those of Ontario opens the first
April nearly three weeks before the Erie Canal Of this
State The Pennsylvania and Ohio canals have been in
active operation for than ten days. while ours will
remain shut up for nearly month longer. The Hudson
river opened nearly month earlier this year than did
last and still the canal kept closed up to within about
fortnight Of the time was made navigable last year.
There appears he useless delay in opening that
channel of communication with the west that requires
some explanation. These things call for prompt action
.he of the Legislature in relation to the carrying
Of freight by the railroad along limo Of canal
The immense quantities Of produce awaiting transporta
ton to market and the far advancement Of the be
fore it will be received by the old route strong rea
why this subject should be Immediately disposed Of
Since the late European advices to hand the ope
rations in this market in cotton have been very limited
and prices show slight decline The sudden collapse
of the speculation got in this country in this sape
shows the great influence of the present state of the
rency on these movements very systematic arrange
ment made throughout the States to keep supplies
back to create abroad the necessary feeling to ad
prices the other side. The plans laid succeed
ed to certain extent and for short time the excite
ment in the Liverpool market very high, and prices
advanced very rapidly. The fever kept up
BY reports from this country, giving accounts of
short CROP The sales Of the week just previous to the
explosion of the BUBBLE larger than before for
the time, but prices could stand further nha
ton, and the excitement instantly subsided causing
great depression in the make that the sales of week
or two after could not reach even ordinary extent
Prices in the Liverpool market have not experienced
great change the extent of the sales That market
reached such state that accounts from this side
have effect on it, and the operations confined
principally to the wants of the The move
ment in the cotton markets Of both countries this
have been Of peculiar nature, that many Of
largest brokers and commission houses who formerly
very heavy operators in the article have not made
single transaction since the crop commenced COM
ing forward The most important feature in the
Of this staple is the inability of those engaged to
| keep up the speculation Capital seeking employment
never abundant and this important staple, SO
celebrated in the history specuations be taken
from the regular channels Of advancement from picking
| 20 consumption.
Annexed we give the regular monthly report Of the
Bank of Ohio for November compared with that Of Feb
ruary will be observed there is very little alteration
in the general movement although the Lafayette Bank
has largely increased its loans and discounts and d.
mnishea the circulation and specie while the Clinton
Bank of Columbus shows falling of of loans and in
crease Of specie and circulation