The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-02-26

The stock market opened dull and depressed this
morning and so continued 70 the close. Harlem
the most active stock the list and the transactions
at the fret board amounted 10 than three thou
csnd shares In the OF this large quantity of
put upon the market prices were we'll sustained The
two frnest stocks ~ tie board to day Ports
mouth and Edgeworth The former in demand
and operated in to some exttn. At the first board
Farmers Loan declined y per csa.; Morris Canal,
Reading RR, y; Erie RR, = Harlem, Y. Long Island
advanced y per cent lev shares of New Jersey
Exploring and Mining Co Hnd their way into the
market daily and I'm wing prices
The receipts at the once u the Assistant Treasurer
CT this port TO day amounted 20 s22s $50 So; pay.
ments Slel2e 10 bslanse 50 40 600 81
The amount Of stock taken Tor the Bank Of the Ne.
trepos up to this time eighteen hundred and atty
thousand dollars, The number Of subscribers is four
hundred and forty six Merchants generally are in
tsrssted in this eptsrIrise.
The Commercial Bank Of Wilmington, \. G. hs. ae.
esrsd dividend Of per cent and extra one OF ?
per cent There Is stu surplus fund on hand VII Oh
will be divided in August next previous tn. sdni.
zion OF the sto1khold,r under the passed at
ths Last session 81 the Lssis latur. authorizing the
capital stock 70 BE- iperslssi 70 $3.50 600 and which
takes effect at that period All ths increased stock
has been taken.
The sal. Of bonds ~ the Ohio Central Railroad Com
pany takes place this morning Wednesday, at the
Merchants Exchange Wall street, at twelve O'Clock
These bonds amount 20 two hundred thousand dollars,
and portion 81 issue Of four hundred sad aty
thousand dollars proposed 70 b. made secure which
arst and oply mortgage has been made to tn. Cashier
OF the Ohio Life and Trust Company Thi. nortgsx.
the entire line Of road between Coumbu. and
Zsnesvill,, tfty. eight and half miles, with all It's
depots, depot lots, hxtures, machinery Sc The
bonds issusd ur der this mortgsg. convertible into
the stock Of the company par any line before their
maturity. On reference 70 any good map Il will be
that the Ohio Central Railroad runs through the
richest and most productive portion. Of the STATE and
We doubt II there 1, another route in the whole West
fycrsby located or that interssct. more railroad.
thaa this II mu,t b. the main trunk line through the
centre Of the STATE and al other road, running into
y draining the country north and south mus. act q.
feeders 10 II. The Ohio Central road {. a very i'm.
pertant link In the great chain OF roads extend
Tag through Ohio ana Indians, via Indianapolis
and Lafayette to chicago aud st Louis Commencing
at wheeling, ON the Ohio river, and extending vest,
almost In air line 70 Columbus. via Zsns,vlls
II must Be- the most profitable railroad in the western
section Of the Union The chartered powers Of the
company are very liberal probably NOR. than those
of spy other rsilrcsd company in the State being
perpetual with practically, no Limitation Of divi.
dsnds authorizing the construction If railroad from
length 9th. stat. Of Ohio ard making points to
govern its location except Coiunbus Newark aud
GAINESVILLE; With poser 70 oonstract branches and
make ohspt. Of location the right 70 appropriate
land. not only for their roadway and the ma
tsriss for truction and repair d road but the
right 10 appropriate lands for dspots water stations
an machine shops aud 70 claim, In all such sppto-
prstons that benefits shs b. assessed an Offset {,
sanage, consrrng also authority upon the oou ntie.
-.
scribe 10 the stock q tn. company upon vote u the
people therefor in spy rot exceeding $500 coo ia
enc case nor $50 600 IN the others.
The company intend mitingits action At present a.
that portion Of their work which lies east Of Colsmbu,
ard extending TO Wheeling It, ability 70 connects,
Co umba, With other roads built and being built -hch
gill alive an outlet TO Cincinnati Indianapolis aud a.
Louis and 70 tn. I.kes makes 10 more important that
the line east Of Columbus shouli ss ar.t completed
To. company have In hand ample means fer
coppls,lpR the graduation, masonry, bridging
psrohass Of grounds construction Of dspots Va
ter station, and rspsis shops the purchss. q
orosste, and lyiRs the 'upsrstructurs upon
the western divi,ion a. the road The entire pro-
c-ess q the mortgage bond. gill b. appropriated
TO the purchase Of rails for laying the track and
sumcisnt swoupt 81 machinery for the commence.
ssrt Of trs IN the rosd All N. work excavations,
ssd foundations tor bridges are made With ref.rence
to en- early construction Or second track; and the
conpsny feel confident that the earning. % tn. road
the nrst year, vill justify immediate eompistion
81 double track along the Who'll. in. From ID. best
data estins tes have been made showing . rsv.nu.
frcn passengers. on the rosd. from Columbu. TO
wheeling OF ssos sls 40 and fre freight vi Oh COL sl
pasins an aggregate 81 sisnbl "a ths hrst year
the line 10 open Deduct so per cent for current 81
p.p-.. leaves seeoTSs % net earnings equal TO Is
Der cent on the cost.
In connection ~itb the above sstimsts Of earning,
Of IN. Ohio Central Railroad, We snnex fee items
from the eighth annual report Of the Madison sud To
duA1spols Rsilrssd compsny. The gross warnings Of