The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-04-14

with all the eastern, western and northern rail-
roads Of the New England and Western States The re-
this year, compared with those for the correspond
irg period lat year, show increase Of more
road which gives us some idea Of what can be expected
when the connection is made at Chatham Four Corners
with all INC roads OF that section Of country This i the
basis oil the improvement In the market value Of this
stock and II is sound solid and legitimate Those who
entered INTO the movement In its earliest stages will
beneh by their foresight While speaking Of this compa-
n.y. we should like to ask why theScity extension has
not been made' The city council should compel the
pany TO complete this Improvement Mt once, as the
convenience Of the public requires it, 1t will seen by
the closing quotations Of yesterday, that Reading Rail-
road IL with difficulty sust Aimed that the market was not
active and that the bulls for the purpose of keeping
prices paya large difference on1time contracts beyond
the current cash ates The fact is that the business Of
this company 1850 precarious and somuch dissatisfaction
exists in the coal regions in relation to its
that outsiders dare not touch it, and operations in the
stock confined to the professional spectators this
city Boston Philadelphia and the contest is which
will saddle the other with the stock at high prices
few days since heavy operatortin this city by ruse,
induced parties in Boston and Philadelphia to purchase
largely. which he avaied himself of the de-
sired effect had been produced by selling not only
share bought at low prices but largely stood at the top
Of the market The bulk Of the floating stock il held in
Boston and Philadelphia and there it will without
doubt remain until depreciation Of considerable inn
portance takes place in prices We possible
chance Of the Reading Railroad Company paying
the smallest dividend on the old stock this year
unless serious disasters happen to con-
nected with the transportation OF coal similar those
Of last July and August. Nothing short Of that
q
for the tariff of charges and the talk about reduction
Of rates they do not aount TO much 1t is well
that almost any Kind Of bargain be made for the
transportation Of coal to tide water and the price de-
Ponds upon the quantity to, be carried man
having twenty thousand tonso carry make.better
terms than Individual having but thousand tons
Morris Canal has been very quiet for time past aud
prices have been gradually settling down The canal is
open to points this side of the summit level and boats
have been in active operation that distance 1t is stated
that the line west of the summit will nolbe ready for the
sporaion Of merchandise before the first Of June
The coal busneswil not therefore, commence until that
time. The Morris Canal Company bis about making a
report of last years operations Thgros receipts OF the
from tolls amounted to 100000 al the
expenses to sos 600 The total expenditures for the year
amounted to 1888 600 showing that $42 600 have
been derived from other sources than business this
canal That obtained BY tissue Of preferred
stock bearing ten per cent interest per The
port will be published in few days. when those interest
ed will have opportunity of figuring up the probable
value Of their investment.