The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-09-04
MONEY MARKET.

trhng variation to-day from those current yesterday
but operators little disposed to make transactions
that we at present possibility of an improvement
At the second board the sales small and at the
running prices
The value of merchandise exported from this port for
the month of August, 1916, was annexed
COMMERCE THE PoRr OF New YoaK-vAlur OF
Domestic merchandise ... sa4ls7sa
euusoie''. s.s'..... 1901.
. free. ............ 39,le4
Specie. .................... $3.50
Total. 50 67S62I
1t will be observed that all but $2O7 256 Of the aggrs
gate value of merchandise exported the products
and manufactures Of the United States II anticpa
ted, just previous to the passage Of the tariff BILL
that in the event Of the passage Of that act great quan
ties Of foreign merchandise would be exported for the
drawback, and re-imported under the tariff at
the reduced duty but the Secretary has put
veto upon that movement He has issued circular to
collectors cauonng them to be the look out for these
movements, it Is the intention of the department to
check them far possible This will tend preserve
the of the government to very great extent
The subscription to the capital stock of the Hudson
River Railroad progress very well. About three hun
dred thousand dollars have been subscribed in this city
within the past three days. and II the subscriptions at
other places have been proportion the amount already
subscribed cannot be much less than million of dol
lars To make the thing sure at least and half OF
the three millions required should be taken in this city
The subscriptions already made in this city have been
in large lots, although of heaviest capitalists
have not yet put their down for share. These
generally hold back until the last moment and then
come in and fill up the smount This is bad policy IL
these parties would forward as the books
OPEN and take as many shares they want, IT would
create confidence in the work and induce of
limited means to subscribe There than dozen
individuals in this city who could and should put their
names down for hundred thousand dollars EACH and
that would ensure further subscription for equal
amount from other citizens, making aggregate OF two
and half millions from the city Of New York.
In relation the importance Of the construction Of this
road to this city, and the value Oft investment we
annex further extracts from a pamphlet published by
order Of the Directors and Commissioners setting forth
the estimated expense Of transportation and the superb
oy in speed and certainty Of passage by railroad over
steamboats,
HUDSON RIVER RArLpoAp-rrs ESTIMATED ApvAcrAsEs
Expense Of Transportation.
We have examined the statistics Of sixteen of the prn-
cpa railroads in this and the Eastern States viz the
Mohawk and Hudson, Troy and schenectady, Utica and
schenectady uuea and syracuse Auburn snd hocne nt
faio Boston and Lowell, Boston and Maine Boston ana
Providence Boston and Worcester, Boston and Ports
mouth, Boston and Fitchburg Norwich and Worcester
Western, Albany and Worcester.
The average cost per mile Of running train Of cars on
these sixteen the yeHr ioto, was IVA
per mile excluding trains for repairing the roads
We have given above the statements Of the directors OF
the road in relation this matter for the purpose Of Civ
ing the public every opportunity to Judge for them
selves
There IL no doubt but that the construction OF the Hud
son River Railroad would be Of immense benefit to every
interest in this city, it cannot be denied however, but thai
its ability pay good DIVIDENDS upon the amount required
to complete it, is matter Of much uncertainty UPo-
Int al bo~ mr.
cd have az many facilities for Judging Of forming 40