The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-06-22

This statement exhibits better distribution than
usual Compared with the previous week. there has been
great increase in the aggregate value Up to the
OF the 10th of June the value Of exports from this port
this month exclusive OF specie was 81 95S0OS II ap-
pears by the above rccaptulaion that the shipments
he West Indies and South America have been particu
iary large, while about the quantity and value
have TO ports in Great Britain That there has
any increase at this of the year. is favorable
feature Last week. reported shipments of mrchan-
else to Australia valued at about thirtyve thousand
dollars This believe is the first direct shipment
any port in the United States to Australia This move
ment has however but just commenced Several vessels
are up for Sydney and Port Philip and every vessel
leaving shores for those Of Australia will carry out
cargo OF merchandise suitable for the markets OF that
country.
The President Of the Steubenvc and Indiana Railroad
Company has made report of the progress and position
Of that work. The capital stock of the company is
$1,000 COO and may be increased at the pleasure of the
company u necessary Tho sum Of S71J,355 has been
paid in and all corporations which have not yet paid
their subscriptions viii issue their bonds in payment
whenever requested TO do The company have deter
mined to construct first class road with T rail weigh
ING sixty pounds to the inea yard laid cross ties set
two feet from centre to centre The III miles in
length to Newark exclusive Of turnouts OF this large
portion presents such easy will be no obstacle
to very great rate Of speed The minimum radius is
1910 feet The highest grade Of the any one point
50 ard 13 feet per mile and this is only for few miles
not exceeding tep the grade of the balance of the
running from three up to twenty three. The entire
work With the exception Of thirty-fvc miles from Co.
shccton to Newark is undc contract and being vigor
cusw pressed forward Having been let last fall and the
winter and spring having been peculiarly unfavorabe
for Tue prosecution OF the work less has been done than
woulo otherwise have been accomplished Many sections
OF the work are well advanced and some will be COM
pietcd during the next three months The remaining
The amount expended Is about $4,000 Part Of the
iron bias been purchased favorable terms payable in
the bonds Of the company and the purchase of the ba
lance hes been ordered and il is expected will be shortly
made Locomotives have also been ordered and it
peccd that the tract laying will in October
and that fifteen or twenty miles Of the road will be in
operation BY January 1855.
The engineer estimates the cost of the road will be
50 $4,000 The stock subscriptions amount to 81 $50 600
Contractors FOR furnishing the iron will take the bonds OF
the company for s4O7 SOC leaving be raised by addi
tonal subscription ami the sale of the oompanys bonds
$500 100 This road will form the direct continuation
Of the Pittsburg anu Seubenve road west of Steubcn
vic through the counties of eferson Harrison Tus.
oarawas Coschocton. ami Nuskngum. to Newark. in
Licking county where it connects with Columbus by the
Central Chic Railroad its road extended 10 that
city being from Steuoenyiiie Newark u miles and
TO Columbus li0 miles