The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-12-20
n O y ny MARK EFT.

- - - n ~ x
THURSDAY, Dec. Ie-ePM
There material alteration in the stock mar
ket to-day. The weather rather unfAvorable fog
all outdoor operations The fsncies were under exist
ing circumstances active and prices well main-
tanned. Hudson River Railroad has within the paso
day two, taken quite start and 1t would SUR
prise If 1t was in less than month, higher than
Erie Railroad 1t is In reality worth more share for
share and II the merits of either road have anything
to do with the market price, Hudson River Railroad
will in less than thirty days be selling for than
Erie Railroad. Norwich and Worcester advanced to-
day, with pretty large sales dividend of three per
cent will be paid this stock time In January.
Reading Railroad Is very firm considering the enor
nous daily transactions. The payment of the divi-
demo VIII give wide margin tor q decline At tho
first board to-day, stopington Railroad advanced IL
per cent; Erie Income Bonds 4; Portsmouth
Dry Dock 1s; Long Island 4, from the opening;
Hudson River Railroad n; Harlem "a; Norwich,
and Worcester e; Erie Railroad declined y per
cent; Morris Canal u. Harlem the most
active stock the list to day, nearly FIVE thousand
shares having been seld The market continued very
firm, and buyers appear determined to take all tho
chances in their favor If the African brings favorable
news prices for stocks may for time improve; but II
she brings bad newsif hostlities have actually
menced the continent, stocks will fall here ten per
cent in many days If the news is favorable stocks
unfavorable, the depreciation will be enormous Tho
chances therefore in favor Of the sellers They
cannot lose much by ell the rise that by any pos
sbility take place and they may make pro-
fits by a fall The bears have evidently this in view,
and not disposed to take in single share OF their
shorts in anticipation of the maturity Of their
tracts
The receipts at the Office of the Assistant Treasures
OF this port, to day, amounted to $2o,O2i co. pns
ments, Sl9,63S 06-balance, SIS, 295. COG 16.
The Massachusetts, Western Railroad Company hays
declared semannusl dividend of four per cent.
The receipts of the Albany and Schenectady RatSM
road Compan for the month Of November, 1850,
amounted to Sl7o22 6 against Sl54l2 S. for the
responding month in ls4e showing increase for tho
month, this year, of 81 40 06.
The valuation Of property in Massachusetts, accord
ing to returns made by the Valuation COMMITTEES. was
in 1850, s50o5S1 ssl; in 1910, it s29e SIS 329--
showing an increase, in ten years, OF $2eo,653,552
few days since, we made some remarks relative to
the position and prospects OF the Milwaukee and Mis-
sissippi Railroad Company. The rapidly with which
portion this road has been constructed the energy
exhibited by the management in providing for tho
speedy completion OF the entire lne and the uacious
in which all the financial arran gemerts have
been conducted but little known in this section OF
the country. when the immense resources Of tho
country through which this road passes known,
have doubt capitalists will be anxious to con-
meet themselves with the snterpIise but fortunately
for the stockholders they want aid, their own re-
sources being sufficient to complete the road orgi
naly contem plated. The remarks alluded TO above,
attracted the attention of gentleman well acquainted
with the operations of the company, and the country
through which the read will pass who has furnished
with the following facts relation to and it's pro.
babe productveness:-
Wisconsin, one OF our youngest States has already
thrown out her Brareus arms, la order not only to
nected her sister by the powerful agency OF
steam, and cheapepiRg, thereby the common stan OF
lite by decreasing its cost Of transportation Admira
lily fitted by construction railroads in
its principal features Of grades and cost ts In
hsbants have taken hold Of the worn with energy
that Western enterprise only equal Nor has the
Legislature Of the State been deficient In its eudesvor
time secure the Of parties Who NAV Be
in holding it's bonds and mortgages. The company
Of syss in .ais anu me
debts provided the debts due the company are first
paid thus making the holders OF the bonds and mort
cages given by stockholders to the company In pay.
merit Of stock ~ preferred claimants. With capita,
that can Re 80 there has been sab
,crbed, and already paid in, as follows
By stockholders, payable requi.
~ sition. S.st,loo ss6,sso
- Do paid by mortgages 307,s00 307 800
City Of Milwaukee, payable in cash 10000 1880,
bonds. :. INV. ivy $4,000 $4,000.
Totals ................. ss9Ieoo ssss,4se
This amount is deemed sufficient for present contin
gsnces. me bonds issued by the city Of Milwaukee,
In payment OF the companys stock, 20 the extent OF
$24ooo have been sold and rail- co lbs TO the yard
,n smtpn already purchased and most, IL not all,
The surveys OF the road commenced only in
June 1912 the first work under contract in October
following and now Is nearly pleted from Mvau-
kie to Wauhesba- distance Of 2oI miles-a celerity
when the difficulties are estimated that reflects much
credit upon its enterprising directors
The cost Of this 2o miles by actual contract prices
tremunerated rates) and fail estimates,
OF grubbing. grading, blasting and bridging t4ls7s
%n miles Oh superstrnoture. per contract. 1900
- tehsirs and spikes included). 1850. le2Jo.
Dspots stations. passenger and freight cars
Engineering. supsrintendsncs and inciden-
Ishty ions iron per mil: sSo.sicco.or i'''
Two rst elias. loo on c;,,.. VIA. :.n, 100 SS
Add Tor contingencies say. ............ 3,ooo
Total 2o,l miles nn.hed. s1aasss
OF Sll $40 per mile all necessary expenses included
from recent surveys the construction Of the be-
lance Of the road viii not exceed the above rate.
AZ com parisop, give the cost of various roads in
the United states from authentic sources Viz
Mlehissn Southern Railroad, per estimate,
Central 'a'''''. ........ 1850 500
Utica ana sshs Sms . ."'..''. @ooo'
New YOrk and Eris estimated 49,. so5Sco
ws.ta,n s;;.,hn..,,. !, ''"..''... 5000
Should statistics Of the population prodaction ana
.xpsrtation Of the state be desirable, mar be able
not only the energy Of Its inhabitants In
III, road but that the work and win pay largo
dividend.
Az favorable AID catering as the sbov. statements
are the cost Of the road 80 Il progresses. vii even
average much less per mile In the aggregate Of the
cost o. the 10Y miles, II viii be that passenger
and freight cars and locomotives Included. De-
duet those Items and the average 81 the road 90
far 90 completed has been bat about nine tbeussnd
Cellars per mile. We hsv. doubt but shstthe eest
o. the rosd throughout will average less than nine
thousand dollars per nile independent Of the rolling