The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-08-29
MONEY MARKET.
Friday, Aug. 2s-s PM.

Friday, Aug. ass PM.
The stock market continues depressed and prices for
most of the fances appear TO be steadily settling down
At the first board to-day there decline in Norwich
Worcester of u; Morris Canal 4; Farmers Loan 4;
and advance in Reading Of per cent. Prices ruling
at the second board similar those current tho
morning
Tho limited transactions in the stock market are
something unusual at this of the year. When bu.
siness generally commences there is invariably specu
lntive movement in the fances but present
indications of any immediate activity.
Books for subscription to the capital stock of the Hud
son River Railroad Company, will be opened in this city
and at the principal points the river the first of
September The directors have put forth pamphlet for
the consideration OF the public showing the prospects
OF business and the Importance of the proposed road
We are disposed to aid to the extent of power and
influence the construction Of works of internal improve
ment calculated in any way, advance the prosperity
OF any particular section Of country the country ge
neray. There is no doubt but that railroad commu
nication between New York and Albany is of the high
est Importance, and is matter Of much establishment
that these two cities have long before this been con-
nected with iron bands The Harlem Railroad Company ia
composed of stock jobbers and SPECTATORS who HAYS
interest in initiating and depressing the market
price, from time to time to suit their personal purposes
than in extending improving the road, and making it
what it long since should have BEEN one of the most
productive and profitable railroads in the country That
company has been in existence about fifteen years. and
only twenty-five miles of road is completed and that
twenty-five miles is in rickety condition, unsafe in
many parts for travel and tedious conveyance at the
best We have heretofore endeavored push forward
the Harlem Railroad, and opposed the granting of
charter for parallel road upon the principle tina,
road already partially built should be interfered
WITH unless all probability of its completion or exten.
o;o had hoon obo pin yUa L.
road almost in that light At the rate of progress
realized within the past fifteen years. it will be nearly
century before it reaches Albany and there is not at
present any evidence that it will progress more rapidly
than it has heretofore. We give below some extracts
from the statements Of the Hudson River Railroad Com
pany for the purpose of showing the basis upon which
the road is contemplated
BUSINESS PROSPECTS, OF THE PROPOSED HuDssr RAuoAp.
1st Business during the navigabe season on the Hud.
son.
The route passes fertile district rich in its arrcul
ture well adapted furnish those articles reo;red in
fresh condition to supply the daily of large
and densely populated city. The railroad by a train of
cars passing dawn during the night would collect these
and arrive in this city at NJ, Just the time for their
distribution to the market and other customers more adj
vantageously than by any other means single fact
will illustrate the Importance Of this feature vz-That
the Erie Railroad received for the transportation of milk
alone: in the year isi5, $4,000.
In the valley OF the Hudson there manu-
factnrng establishments now in operation and large
nj thaee
establishments would find their interest in making nor.
ton OF their summer transportation on the railroad Mer.
chants and others would find convenience send
many articles OF light and valuable freight bv the rail
road and though we do not rely competing with the
river in general transportation of freight during
navgaie season. we believe the sources above mention
ed would furnish freight to the railroad during such Sea-
son, Of at least $4,000.
The banks of the Hudson afford to an indefinite extent
the most beautiful situations for country
The proposed road will afford numerous class of our
ciuxens who for themselves families desire to reside
he ,l,o
facilities to do so allowing them to reside 20 30
miles IRON the city, and still be in it during the business
hours oil the day and return to their families evening
THOSE residing permanently along the route would
joy the facility Of visiting the city for any business and
two three days Nothing mnch railroads has
shown the vast increase oftraveng from the speed and
certainty of transit
end of the proposed road in this city, there isl
population Of about 100000 and suburban population o.
vicinity about coo On the the road bet
those cities there is population within six mile, Of the
line. OF 10000 Total say 100000 nhsbi,ants whose
wants will be answered in numerous ways b. the raj.
In Belgium, 100000 passengers travelled IN som.
portion Of the BAL miles of railroad IT. ls4 which i,
equal to the whole population Of the kinydon, Eram
statistics before examined appears that Ire nnmbar Of
persons that travel the number of passengar. IN ana
year the roads leading from Boston Is mo ~ Umo
bic and in some cases treble the population of the district
they accommodate. ~
II be assumed that 400 600 wav nassanror. 49,,
an average Of 40 miles at charge so cents each way
we believe will be found below the result that vii; he
be $500 600. ~ '''' resource wouio
lndependent Of its local business tho valley of the
nudson has no equal in this country as horoughfsro
sSne'ii, sociai and commercial int recourse Con-
seig that in regard to gradients and line the route
suns INC nest deveopemsnt Of railroad facilities 10
h travelling cheap, expeditions, certain and agrrses
oe, mere can be no doubt well constructed and well
conducted railroad will materially increase the western
maveL This is the great OF travel to the Springs
Ballsion Saratoga sharon and Lebanon which will be
greatly increased. II not doubled by the railroad
IN aidiuon to the way passengers believe we are
M
gers at ON average fare during the season of
Oh ?, oo or equal to total OF $500 gross income
The total number of way and through passengers bv
The boats on the Hudson last year. was estma,9S at
200 900 We have taken half Of this sumber for tho Rail
Road OF these we consider that half the way and one.
third OF the through passengers will be an ars
ing from ne sew and superior facilities that will DO af
iorden by the Rail Road TO the travelling public The
charge proposed for the Rail Road IN ebont the a A
the Tow rate by steamboats, the latter being as oows
passage 20 cents supper 30 berh 90 cents or M
e room 'aken % cents more; baggage cents from