The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-11-01

Tsa soy eight hours instead Of twenty three which
equal to . reduction Of and onethird days In
mailing the round trip. Besides those shove noticed
for the last the incident to the
failure Of some part parts Of the old planes have
averaged quite one and onehal days for each round
trip
BY the Improvements to be made, 1t appears that
the capacity Of the canal will be increased from 24O
600 TONS 600 tons per that the average
earsoss Of the boats navigating 1t will be increased
from aty to sixty 1--WE TONS and the time required to
make the round trip the canal reduced two and
nve-sixth days. With the canal thus improved 1t
viii competent to pass ct least 500 0c0 tons east
wsrdy to tide water besides the local trade along its
line. Its ability then to participate advantsgeousy
in the through trade can be easily seen.
The last annual report of the Harrisburg, Ports
mouth, Mount Joy and Lansaste Railroad Company
exhibits highly nattering picture Of the position and
prospects Of the road The total income for the year
ending August l. 1850, $l47: 4o5 This exhibits an
increase in the receipts from passengers over the
former year Of The freghts also increased to
the amount of $62l5. Notwithstanding the heavy
expenses occasioned by the Reconstruction of large
portion of the road the profits derived from the bust
ness Of the company after paying the interest Of the
funded debt and expenses OF the year, amounted to
$67,T6-nearly eight per cent on the capital Of the
company road in Since the last annual meet
inE, the Board Of Directors have declared two semi
annual dividends Of three and half per cent each.
The present. in connection with former reports shows
that, with the improved condition of the road, the
business and prospects Of the company have been
regularly increasing and the Board Of Directors
press confident opinion that the revenue for the
future will prove amply sufficient to continue the
payment Of regular semi annual dividends, besides
appropriatng fair amount Of profits the purpose
Of reducing tie funded dsbt. The total expenses Of
the company for the year amounted to $6s,326.
There several railroad stocks operated in to some
extent by the members Of the board of brokers in
Boston, the position and prospects Of which not
generally known. The Boston Post gives the annexed
condensed statement of the condition Of each which
may be interesting to those who have any dspo sition
TO spec ulate in them.
The Central has 100000 shares of stock ct an ave-
rage Of $780, 1t owes in bonds due in 1852 1897
and in bends due In 1855 issued and to be issued
interest due stockholders s272251 besides floating
debt which will be amply met by the assets Of the
road The Rutland has $4,000 shares of stock at $780,
and eight per cent preferred stock to the amount Of
$soooo0, and when entirely finished 1t will in
bonds and floating debts say $17oo 600, which will
finally perhaps, be resolved into six per cent bonds.
The ogdensburgh has 10000 shares of stock $50 and
1t per cent mortgage bonds due In $780, to
the amount Of ST. 500 600. Besides this 1t will finally
say 100000 which will be turned into convertible
bonds or into stock at par. The Cheshire has capt.
tai Of 81 500 900 par 9 and II $3.50 600 ia bonds
and floating debt oct l. and deduoting cash handy
Of $751;. o34 The Northern has q paid up capital Of
$2soooo0, (par SlO0) and It nothing. The YER
mont and Massachusetts, has capital stock Of So ESQ.,
600, (the average par being 3d. and it owes about
$l0O0CCO, chiefly in bonds, more than enc half OF
which are due In 1855, the remainder before that
time.