The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-02-24


Showing total increase of 5000 The receipts for
the month of February and March, ls43 only 1913
Estimated receipts for the period this year. $4,000
The Boston money market remains nearly in the same
reported in last There still considerable
excitement in the financial circles Of that section in rel
ton to the election of directors for the Western Railroad
The contest appears be between the high fare party and
the low fare party The high fare party carried the cleo
ton of their officers Most Of the capitalists owning
shares in this road voted for those candidates advocating
high prices the ground that that policy would
produce dividend. They will find that such course
will create just contrary result 1t has been proved by
experience that low fares increase receipts The returns
made by all the railroad companies in Great Britain
who have reduced the price Of passage show great in
of receipts while those that adhered to high rates
have shown great falling off, The Harlem Railroad is
the best evidence Of the truth Of this assertion The
cepts per week that road, at sxpence per head
double what they at ashing. This is invaria-
bly, the all important routes. The same principle
vii, hold good in many other things besides railroads and
steamboats,. We find that Liverpool packet owners
make the profit of passengers larger at hundred dol
per head than they used to at hundred and fifty
Our magnificent steamboats, the Hudson reap more
profit 81 SO per head than when the fare &c. Our
omnibuses in Broadway make meney at sixpence
per head than at shilling. All these things practically
demonstrate the principle that low prices produce heavier
receipts The STOCKHOLDERS IN the western haroad Will
before the end OF the year. find that the result ofher pc.
Icy will be just anticipate Five dollars from Bos-
ton to Albany makes two and half cents per mile,
which is fair price, and will produce large receipts
Eight dollars being -four cents per mile, is exhorb
tant charge that passengers going west excursions
pleasure will 60 by the way Of New York. and thereby
lessen the receipts Of the road. The roads running
through this State found it advisable last spring 10
| reduce the price of passage about the same time
the Massachusetts Western Road fixed tho price OF
passage from Boston to Albany at four dollars which
remained in force until the winter set in, when
raised five dollars the present rate The receipts
der these scales show great increase and the stock
manded good price in the market majority Of the
board of directors in favor Of placing the price
at eight dollars through Should they adopt that rate
will benefit the travel through this city. An individual
leave Boston in the summer when the North River
navigabe and reach Albany via New York, for 80 oo
being 81 80 less than the charge the railroad route
through Massachusetts, besides the privilege OF view Oh
the glorious Hudson.
The movements Of trade and commerce, at present. OK
hib several very alarming features The rapid advance
ment of property is indicative Of very uniavorable re-
suits gradual and regular progress oil commercial al
fairs and increase in all the departments Of
trade are the best evidences of the existence Of the ele
ments of sound and healthy state OF things Fluctua
tions ruin every thing In which they exist.
The Boston stock market has lately been quite active
AppIeton Manufacturing Co. sold at Al as adv Suffolk do
do 9, div off Boot Cotton Mills, 81 adv, div. of
Massachusetts Cotton Mills o. adv; Dwight Msnufaclu
ring Co, alyl Great Falls Manufacturing Co., s96a
tss.yv snsss, xavsIl Mssuisssvsi~s %, savl A@ss