The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-05-23

the LIT Of December 1851 This fifty miles OF new roa
added to the eighty now in operation, win make a con-
tinuous line hundred and thirty miles length By
this route shall have direct communication with
Albany throughout the year II the fifty miles of road
beyond Dover Plains proves productive az the eighty
miles below the Harlem Company will be one OF the
most prosperous in the country The eg hty miles
completed, from New York to Dover Pains yielded
thus far this ear gross income the rate a six hun
dred and twenty. five thousand dollars per nnunra
During he1ve months ending December LIST, 1851 ono
during December hundred and thirty miles viii be
in If nce the rate of $625000 per annums
Is derived from eighty miles Of road, it would not DO
excessive to estimate aggregate revenue from the
new and old road for the year. of seven hundred and
fifty thousand dollars This will give net income OF,
1915 600 for the year, which will pay the regular
dividend the preferred stock, $4,000; interest
debt about $4,000; six months interest extension
bonds $4,000 and leave balance Of S207 900 for dvi
dends the old stock which would give eight per cent
and leave surplus Of about fte thousand dollars for
contingencies We informed that it is the intention,
of the management to declare a semi annual sivdencI
Of three per cent the LIST Of August This viii leave
large surplus out of the net earnings the first six
months Of the present year We have much faith
the future producveness of this road that would
give its stock dollar for dollar for that OF the Erie Rail-
road Comps 1t is belief that the dviden d.
paid the Harlem stock during the next five years will
be than double those paid on the Erie stock In
another year the old stock of the Harlem viii be
good the preferred if the net earnings properly
divided.
The dry goods trade is without activity and price,
without irmness Such is the general feature Of the
market. Yet fair aggregate of business is doing at
ower prices There is doubt but that kinds of
foreign and domestic goods will sell lower prices the
all season draws for all raw materials silk wool
and cotton, all on the so-and
he stock on hand is-generally large.
Unbleaehed shirtings and sheetngs are selling to
very moderate extent and with considerable stock
prices only firm for small parcels Bcached goods
re quiet and without change in asking rates; but fos
large parcels concession would be made Drills
rather inactive, and prices nominal DENNIS arc quiet
Stripes in moderate demand, and prices steady.
Ncks without change in prices with light demand
Osnaburghs not in demard d. Ginghams are ous
Of season. but there is lingering demand at old prices
eleven cents for Lancaster and twelve Glasgow
marks. Printed cloths dull and heavy At Provi-
dence forced sales have been made prices favor
buyers Prints not in quick demand and prices
not firm. Cotton fannels inactive Delaines have
ceased to be enqured for the is Cotton
pantaoonery duh and heavy. Lawns very active
with sales making to arrive Portsmouth lawns command
selling.
The cloth market Is quiet and prices show considcra
bic heayiness cothiers buying very spsringy Cas-
simeres not active but the stock has condera
bly, reduced and prices steady for plain styles and
blacks satinets dull and heavy; sleeps greys are
in better stock but the demand is moderate Prices are
uniform British goods in fair request This.
ciothers continue to buy heavy descriptions for theT
fall trade and prices less generally heavy Worsted
goods frmer than they WERE with less stock and ra
ther better inquiry. Lawns sell WELL both as respects
price and quantity Poplns and wanted.
Linen goods are in demand but at low prices Scotch
goods heavy in price, with large French
and continental goods still in Of the demand
which has diminished while sales have confined to be
pressed through the auction Cloths in better
condition than silks cottons the clothers have
in the market, buying German wooens aud draps
dee, to some extent and at fair prices The prices OF
French silks and cottons very depressed The job
bling houses have laid in heavy stocks very low prices
for their fut demand that any improvement in the
market, regards first hands take place for
months The stock has supplied the demand in ad
vance and to the disadvantage of the trade in the fall