The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-06-17
CO. ERCIAL AFFAIRS.
MONEY MARKET.
Friday. june 1876 p. M

There pretty general, though slight, decline in
stocks in the street this morning Harlem fell off l.
Canton Ii Long Island H; Reading a, &C. At the
Second Board there was particular change Trea-
sury Notes renal ned at yesterdays prices
The position and prospects of the New York and New
Haven Railroad attract considerable attention at the
present time and to enable readers to form clear
idea of the condition of this branch of internal i'm
proyements have collected the following interesting
facts.
This road connects at Bridgeport with the Housato.
mic Railroad. The Housatonic road, including the
Berkshire which is controlled operated by the same
company, extends from Bridgeport to the State line
distance Of S mesthere connect ting with the estern
Railroad from Boston to Albany. The gross earnings
of the Housatonic for 1s4s will probably be 100000
Aarge portion of the freight and passengers on this
road are destined for, or como from, New York now
transported by steamboat A branch is chartered and
soon to be built dvergng from the Berkshire road at
Great Darlington, running through Housatoncvile,
Stockbrdge, Lee, and Lenox, to Pittsheld-there to
connect with the Western Railroad with the Pitts
field and North Adams road, now built and in opera
ton This line will probably soon be extended to Rut
land, Vermont-there to connect with the Vermont
and Massachusetts Railroad, now building from Rut-
land to Burlington-thus making an almost direct
line from Bridgeport to Canada. At the Housatonic
river, at Milford, the New York and New Haven con-
meets with the Naugatuck Misunderstanding up the
Naugatuck valley through Derby, Birmingham An
sonia. Humphreysville, Naugatuck, Waterbury, Ply
mouth Wolcottville to Winstcd; all of which
very thriving manufacturing viages-furnishing large
amounts Of freight and passengers, destined to New
York This road is SO miles long, and is now in
of construct ton. At New Haven the New York and
New Haven connects,
yIy;< ~. A. I,,&
ration to Painve, and to be extended during the pre-
sent to distance to Plainvillc twen-
tyeight miles; thence to Collinsvlle, twelve miles.
This road is leased to the New York and New Haven
Company at rent proporti0ned to the gross receipts
thus giving the New York and New Haven Company
the control of its business, without risk of loss
I'd 1t connects at New Haven with the New Haven
Hartford and Springfield Railroad extending from New
Haven to Springfield, there connecting with the Wes-
tern Railroad, and also with the Connecticut River
Railroad, built and in operation from Springfield
to Greenfield, thirtysx miles and destined to be
tended up the Connecticut River valley doubtless to
Canada.
Sd. At New Haven it will connect with the New
York and Boston, or "Air Lino' road, which is now
proposed to be built through Middletovn and Will
ntic to Providence, and will thus bring on to the
New York and New Haven vast amou mt of business
from all that portion of Connecticut, Massachusetts,
and Rhode Island lying east of Connecticut river and
south of the Boston and Worcester Railroad, which
now goes to New York by steamboats,, and will make
tween Boston and New York Applications are now
pending before the Legislature Of Connecticut for
charter, from New London to New Haven.
The New York and New Haven road, forming as it
does base line into which the north and south roads
in Connecticut all fall it is hardly possible that any
road or branch be built in New England which
will not increase its business while it Is situated
to be beyond the influence of any competition line.
1t is estimated that the New York and New Haven
road will bring the city from 1000 to $500 passengers
daily the first three months after It'll opened and that
n ill ;vn- Loror H. tl,a
nearly quite double that number It is impossible
to estimate the amount of freight furnished by the
large number ofmanufacturng towns located along the
road and it's branches. From information received
the past week. the Air Line Railroad from New Haven
will be made with as little delay possible 1t is to
the energy and enterprise Of Jonathan Sturges and
Morris Ketchum that New York is principally indebt-
ed for this important leading to this city, who
being backed up by the liberal subscriptions Of George
Griswold, ]. c. Green, q. G. and S. Rowland Boorman
and Johnston, Rogers Ketchum and Grovcrn, Andrew
Foster and Sons, Saul Alley John Haggerty Moses Tay
lor, w s. Wetmore, Morris Wurts, and John Johnson,
and many others Of our most wealthy citizens, will
enable them to have the road in full operation by the
first of December next.
The average number Of passengers arriving daily at
the Harlem depot on Fourth avenue, is from 500 to
1000. The whole number Of way and through passcn-
gers which passed the road the past year amounts
to 100000. When the road is extended to Dover
Plains perhaps by the first of December next they
innate the number passing the road daily at 1900
to 1000 at least and that the whole number of way
and through passengers WILL during the year, number
not less than two and half millions The work of
tending the road through to Albany will progress With
all possible despatch No estimate can safely be made
either to the amount Of freight number Of passen