The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-10-19

ers Of American securities in the shape Of interest
The intsligsnss received by the Niagara up to the
9th inst Is not very favorable commercially. The
markets for most important agricultural produsts
were by no means In . very satisfactory condition
1t was, apparently, with much diAioulty that
quotations for cotton sustained, and bread
sturs in limited demand, at declining prices
The English hsrvssts had proved better than
had been known for years the only unfavorabs fsa-
ture the disease which had, At the latest moment
appeared in the late crop Of potatoes This doubt
less exaggerted and in the best light view it,
the prospect In relation TO extensive demand for
breadstus in England this year Is by fat
teripg In politicspoint Of view, the news is highly
interesting but far this country is concerned 10
Of little Importance. Judging from the improvement
in quotations for United States stocks in London,
impression 10 that the Pousrn bubble burst over Eng
land without doing much damage to American credit
We have not yet heard Of its effect in France. The
French are, however, so fond of excitement, that
the probability is shall receive something interest,"
ing from Paris. The steamer will be in some time to-
morrow friday, when shall get all the particulars
The Mechanics and Traders Bank has declared .
dividend of five per cent for the six months ending on
the 3lst inst payable on and after LIST November
The Georgia Railroad Company have desarsd divi-
dend Of three dollars and half per share from the
business of the last six months upon their entire stock
Of four millions ..s
The Michigan Southern Railroad Company have is
sued proposals for subscriptions to preferred STOCK
the particulars Of which will be found in the ofcial
notice Of the company In another column.
Parties opposed to the laying of rails by the Hudson
River Railroad Company, through the streets Of New
York, have applied for injunction to prevent any
further progress Of the company in constructing the
line In accordance with the resolutions Of the Com
mon Council. The points at issue are, whether it
&c. A.
sage of law whether it merely required vote
necessary for the passage of resolution granting
tain privileges under old law.
The twenty third annual report Of the Baltimore and
Ohio Railroad Company represents its affairs being
in favorable and satisfactory condition.
During the fiscal year ending the 30th Of Septem
ber 1s49 the aggregate receipts of the company from
passengers, mails and merchandise have amounted to
a05 as being increase Of S27 $40 8S the
prece ding year or this amount Ss4S70s 40 has been
received from freight and 1894 4se 90 from
showing large augmentation Of the former, and de-
Of s72 600 O5 in the latter The total cost Of
working the road and keeping 1t in repair during the
same period, has been s644 634 10.
The net of the company is thus shown to be
$3.50 t71 o. per cent upon the original capital Of
81 600 COO and about So per cent upon the augmented
capital Of 81 22' 400 being Of s&5ll3 20
the year lsis There has been carried to the credit Of
the sinking fund, during the period, for the
demption Of the bonds due account Of the Waeh-
ington branch, the sum Of tS36el 90.
Since the 1st Of October last there have been trans
ported the main stem OF this road oO3 pasen
gers which may be distributed folowsTo and from
Wheeling and Pittsburgh, 1885, and to and from
Cumberland and intermediate points, 14os65. OF
freight there has been transported during the year,
35 G55 tons Of which los S02 applicable to the
coal trade.
The company have now on haad including the ad-
ditons ordered in ls4s % locomotives Of the sass
Of the second class is Of the third class and 20 Of the
fourth class II passenger cara o6l burden Of all
descriptions; 81 coal Of wood, and 200 ofiren.
From 1870 to ls49 the aggregate receipts Of this road
have advanced from S432Ss5 to S12l1, 2054s. The
regular and steady gradation by which this increase
has been reached fail 20 sssf the stockholders
Of the sound and healthy patronage which 1t Is destined
to command when brought in actual contact with the
Ohio river
Since the ss annual report the lateral road to the
south side of the Basin in the city Of Baltimore form
ing continuous Communication With tide-watsr has
been completed and Is full operation The large
abatement which has taken place In the bsrse psvsr
heretofore employed and increase in the coal trade
during the year TO los 900 tons has been
atts ndsd with the most decided advantage to the
pany The facilities afforded by direct somnunics-
from abroad, have given increased activity to this
branch Of the compsnys business The entire cost Of
the lateral road to tide water including the purchase
Ct additional grounds at Locust Point has been S17o
l22 a. which so7 sG2 o. has been paid in bonds and
SEQ o6o Al in money.
In accordance with resolution adopted at meeting
OF the stockholders. the 9th Of December 1s47 that
from ard after that period the net earnings Of the
read shoud be applied towards the extension westward
a. A..
applied should be Issued thu stockholders In stock
at par proportion to the respective shares repre-
sen.d by them the directors have directed increase
Of capital stock the extent Of the net thus
appropriated retained during the past year being
dividend Of SIG per cen. upon the original capital Of
0c0 per cent upon the augmented capital Of
81 227 400.
Since the commencement % the present fseAi year,
distance Of 1881 miles Of this road comprising ell
the difhcult sections between Cumberland and the
Ohio river, has been placed under contract and con-
siderable progress has been made upon mary parts Of
The line During the present autumn the entire space
between the Cumberland anI the Tygarts Valley
River win be in active progros Of construction The
rost % the graduation, masonry Of the bridges cul
verts and retaining walls of the iO3 miles let to
contractors estimated by the chief engineer at
81 7toAs2 The board announce that the prices ct
which this work has been let promise 20 secures
suctiou upon the estimated cost o about - per cent
amounting TO about sCo0ooO. Assuming a similar
'ess OF prices for the next ~ miles Of the
read extending down the rygsrts Valley River ~ fac
tairmont the Monon ssheia river, the total cost
the graduation and Of tns masonry shove described
would not exceed 81 ssp777-vhioh would FAM within
The estimates about sesocOoi and further spsics-
lion Of like prices 90 the WORK upon the remain
Ing distance TO the Ohio liver, would exhibit saving
sufficient 10 bring the entire cost Of this portion Of the
work TO the original coDisctural estimates Of the chief
Engineer
A confident opinion has been been expressed by the
chief engineer that the entire line Of this road from
IL present terminus at Cumberland 10 the city Of
may be com pet-i IN t~o years from the lst
u June neat, and the lettings which have taken pass
intended 30 equalizs the difficult sections 90 that
he whole work might be accomplished Without delay