The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-06-20

The movements Of produce this year have been Of the
most extraordinary character. Compared with last
year the year before there has bucn great activity
in the receipts Of breadstuGsi and If they contnne
throughout the season. at the rate realized thus far the
supply hand at the close Of navigation, will be in
cess Of any previous year. The consumption of the
country ia immense, and the annual increase in the
quantity required to meet the domestic demand prob
ably greater than any other country the of the
earth We have not exported very large amount Of
produce this year. and the demand for shipment is
likely be very active during the remainder of the
The effect Of this is unavorabe upon prices in
markets. particularly the supply has been extensive
Our look we'll and the harvest bids fair to be
ally productive Unless have foreign demand for
breadstus they must ule very low in markets
Capitalists must not lose sight of the opportunity that
presents itself for sending in bids for the mortgage
of the Wilmington and Manchester Railroad Company.
Proposals will be received for three hundred bonds Of
$1,000 each bearing per cent interest," and secured
by the first and only morgsg. the entire line of road
completed and to be completed, from Wilmington, N G.,
to Manchester s. c., distance of l62 miles, costing
when finished with heavy rail, and equipped,
81 100000 The trustee for the bondholders is Edward
Sanford ESQ., Of this city who empowered in Of
sixty days default in payment of interest principal to
take Of the entire line of road with its equip
ments &c. and to sell the to the highest bidder
for cash. to pay Of interest principal This
Of the most important links in the gree chain of
railroads intended to bind the North and South more
closely together.
by means Of this road the great chain Of railroads
along the Atlantic coast from Montgomery Ala to the
northern cities will be complete and the dsagreeabe
route from Wilmington to Charleston s. c. so much
dreaded and deprecated by the travelling public dis
pensed with The transportation, by this road of the
mail, will shorten the schedule time from New York to
Augusta Georgia about nineteen hours assuming that
the rest Of the present route in connection with it is
retained; but by some notifications Of the schedule,
much more time may be saved; and as the
Georgia Railroad connects with Montgomery Ala 1.-THE
work on which is progressing in that puts
its completion beyond doubt within the next twelve
monthsD the saving Of time from New York to New
Orleans would be from sixty to seventy hours.
The position Of this road its connections North and
South its easy grades freedom from curves and conse
quenty cheap construction is such to put beyond
the competition Of any other route for the mail and
vel betwixt New Orleans and New York This consider
alton had great weight in the original undertaking and
has given confidence to its stockholders and friends
since by examination Of he map, it will be seen
how the extensions south and from the Georgia
roads progressing and these of travel
opened their lateral branches multiplied and the inter
betwixt that country and the Northern cities in
creased the amount OF travel which must this
road as the great trunk line Of communication from
North TO South, cannot be fairly estimated by any
comparison which can be drawn from the present bust
Of the connecting lines in operation either
side Of It, The route selected for the railroad between
Wilmington and Manchester direct and level shorter
than any road travelled. One hundred and fifty.
four miles of the distance is made up Of straight lines
connected by easy curyesonly eight miles of
in the whole distance, and four and half miles Of
this is descending the grade at the junction with the
South Carolina Railroad