The New York herald., 1851-07-11

THURSDAY, July lO-o r. M.
The excessive no. weather Is fast driving busnsss mr,
Of all classes cut u The city and limiting financial and
commercial operations very materially In the absence
fpeculatoys we must not any nge Of conse
qusnce in prices Tor the really good, sound dividend
paying securities; and far the fs are ooncern-
ed, any depreciation will be the result more of forced
sales by parties compelled to realize than OF want Of
confidence the part Of holders ThereSare some un-
ubtedy among the large nonber Of holders of Stocks
who too timd to leave town with securities fancy
character in their possession and they may sell out
any sacrfce but it Is impression tina. prices for
stocks generally will throughout the season. be uni
form they during the hot dull season. year
Money is in active demand, but there appears TO be
limit TO the supply The shipments Of specie from this
port will be small this week The Europa from Boston,
for Lverp. oil. carried out Only six hundred and fifty
thousand dollars much smaller than anticipated
The amount takeu was principally account of the
Mexican indemnity
We requested upon the authority OF Mr. Porte TO-
state that hi has been with tho
reports which have been freely circulated relative
The Gardiner claim without his consen that he knows
nothing about the claim Of DR.. Gardiner never knew
any thing and never has had anything to do with it,
any shape 1t will therefore be seen, far
Mr. Porn's name is erned, it has been use
of unwarrantaby by certain parties to dx the charge
fraud upon the claim referred to.
III is not geLtr Understood that the accounts OF
the Eastern Railroad Company made up TO the 3oth
june instead Of the last CT May which is reason Of
their dividends being made much than the others
In consequence of the loss sustained by the burning OF
the ferry boat last winter and the cost Of repairing the
injury from the violent storm of last April the reserved
ircome which S45 COO the 3Oh June 1850 is re-
duced to $4,000. Their dividends for the year have
been per cent amounting to S267 600; and the
earnings of the road according TO the directors report
have been S277.000
The last annual report Of the Chesapeake and Dea-
rare Canal Company gives the operations the canal
during the past year and the condition the company
the lst Of june 1851 Within the year pre-
ferrsd debt Of the company has been reduced FROM,
s9l l45 to S942d which paid ii presented, the
lst instant. The BONDED deDt of the company is
confined to the '56 and e7 loans amounting s2Ss9
III Last year, the receipts Of the company exceeded
those Of previous year by Sl2O7S aud this year
receipts exceed those of last by sl72 thus showing the
work to be steadily improving and when the susque-
hannah Canal to which the Chesapeake outlet gets
fairly at work. the latter must be of the most pro-
duc'ive works connected with the trade OF this city
That the works Of the company which now in good
order be equal to its growing trade contract b
been lde for the construction Of machinery equal to
the tuppy Of 100000 cubic feet OF per hour and
for steam dredge, the whole cost of which IL
s3s2Oo little less than one-fourth Of which ia paid tae
amount due being payable at early day The receipts
from tolls for the year reach S2loSS9 and from other
sources sl2 6s3, making total Of S223673 payments
tor interest FUNDED debt Sl47 03 expenses
SS902 The company report the sale Of Sos G7 Of loans
its sinking fund and the Of SS4 40 preferred
debt within the last year In making this large reduc
ton OF the preferred debt the fund heretofore stated in
the previous reports having been set aside hun
dred shares Of the capital stock Of the company
amount of its funded debt equivalent converted
addition Of nye hundred and sixty shares still remain
The time required travel between New York aud
places at the and South various routes double
track thirty-three and single twsnty-eght mlos per
hour including wood aud stops-other stops al
lowed for, according to the Detroit Irs Press from
which take these figures, as follows