The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-11-26


about IL per cent and rates range high q 10 IL
certain classes Of stocks which hold very unreliable
value in the market The banks with light deposits and
small receipts discount moderately but the applications
are not numerous
Stock operations In State street lack vitality and
strength The pulse Of speculation beats feeby and
Transactions during the week have been attended With
lees fuotuation than usual As general thing prices
Cor the speculative stocks have had downward molina
ton but the market closed TO- day trins hrmer.
The gross receipts Of the Boston, Concord and Mont
real Railroad Company for October, amounted to $lo
g 49, against s14ss5 90 for the month last year.
showing an increase Of 491 o. The negotiation BE-
tween the Boston, Concord and Montreal and Passump-
sc roads in reference to connection ct Nswbury Yer
mont proposed by the latter road has not resulted In
any agreement that purpose The directors OF the
Boston Concord and Montreal caused three lines to be
surveyed showing saving in distance Of some half dosen
miles and expense less than $5oo0 but as the most
favorable survey would require grade Of 60 to 10 feet
for shout four miles to get down to the Psssumpse track
In Nswbury, it deemed substantially impractcsble,
and the road will be built to Wells river as originally
proposed.
The steamship Cambria from Boston, for Liverpool TO-
-(Wednesday)-wi carry out about ave hun
dred thousand dollars In specie. We have steamer
for any European port this week. the exports Of specie
win therefore be limited
The revenue Of the United States for the fiscal year
ending June &c. 1861 exceeds fifty. Ave millions Of dol
lars The amount Of duties received at the port Of San
Francisco for the year ending June &c. 1861 amounted
20 three millions two hundred thousand dollars.
There is evidently movement in Harlem Rail-
road, and the stock has exhibited great activity for
several days past We have frequently expressed
surprise at its not having taken place long before for
there is stock in the market which has just and
neritoous for advancement from the present low
prices to considerably higher points than this stock.
The nearly completed to Chatham Four Corners
and heartily congratulate the stockholders and all
others interested in the gratifying result Of the compile
tion Of this work. We understand that the company
making preparations for the opening Of the Harlem
Railroad to Albany in the beginning Of the month Of
December next Those who acquainted with the par
ticulAr location Of this road and the history Of the
country through which passes must be satisfied Of its
and the great profits 1t will yield to the
stockholders arising from the peculiar advantages 1t
over other railroads In point Of parti
eulary Its way travel both for passengers freight
from which they will derive large and increasing receipts
being free from competition The inhabitants along the
road having other convenient method Of travelling
New York seek the Harlem Railroad from necessity
Contrast the position Of this company with what
It was only four five years ago, and for that purpose
take ride out on the line Of the Harlem Railroad,
through the populous towns and villages such Nor
risania, Fordham, Whteplains, and other delightful
locations and ask yourselves these questions:
were they Ave years ago! What they now? 1t
would be impossible for to give an outline of the
growth these places and their history in the short space
we necessarily compelled to conne remarks but
but we will add in proof Of the growing prosperity Of this
company that upon this road from New York to Dover
which is only eighty miles for the last Eve years they
have increased in their receipts hundred thou
and ola fkaf
Of this railroad has already given rise to the extension Of
other railroads In the interior to with the
Harlem railroad. Already we see company has been
formed by the of the Lebanon Springs Railroad
Company, which has been organised to construct rail
road from Chatham Four Corners to Hoosc river, or
Bennington, % miles NORTH which, when completed Will
connect the Harlem Railroad with the Western Vermont
railroads. extending their lines into the great artery
railroads running through by direct line of commun
cation from the city Of New York to Montreal Csnads
Maps and the preliminary surveys have been made
published for this short connecting link to those railroad
by the engineers who the line north Of Chat
ham -Four Corners locating the road which will be
put under contract.
Notwithstanding the continued and increasing pros
perity Of this company, there many INSCRIPTIONS
using fallscious statements create depres
sion in this stock but that depression cannot long
tinue, becomes known they have Foundation
One OF these idle stories circulated In the street that
the extension bonds for two millions Of dollars for the
completion CT their road from Dover to Chatham -Four
Corners which have twenty years to rum bearing
per cent interest and convertible into stock will be
verted and this stock thus converted thrown upon
the market This Is too ridiculous fer any sensible
TO entertain the belief Of for moment that bonds
bearing seven per cent interest should be sold at
the greatly reduced price at which the stosk Is
now selling for In the market, and thus lose the
per cent for . lesser rate Of interest The old
bonds Of the company selling at about par and
not convertas But these extension convertible bond
far valuable than the old bonds previously L.
sued by the company because they not only bear
per cent interest but have this additional advantage
that when the stock sells at par, they then
they choose convert those bends into stock and thu
derive the profit in the premium but there Is not ths
least danger Of their conversion into stock before
that time. These bonds too valuable and viii
mand better price than the old bonds.
stock Exchange.
$500 Sc. S; icc.s 10 shs Erie RR....;;s ah
I1W ohio - 70. ....iloA lW do.........b lO Htf
1900 do......,.. 1l5ss 50 do............ TA
1ctO0 Ill Int Imp. o.. g. 100 Harlem RR.. BIO 68k