The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-04-14

The movement in specie has lately been quite limited
the demand for coin for shipment having almost entirely
disappeared For several weeks past very large remit
tances of public stocks have been made foreign ac
count which has checked the expectation of the pre-
cious metals. In the event of anything happening to
arrest purchases Of stocks for remtanc shipments
specie would again commence and doubtless become as
large as at any time this season.
We publish to-day the annual report of the Auditor Of
the Canal Department Of the tolls trade and tonnage
of the New York State canals for the year of navigation
1851 1t is condensed and valuable document show
ing the rise, progress, and prosperity Of system of
internal improvement extensive and more magnif-
cent than that of any other State in the Union any
country in the world. To those connected with the
trade and navigation Of the canals Of this State this
report will be particularly interesting We recommend
its careful perusal to public throughout the country
particularly to legislators in othsr States the internal
improvements Of which are in their infancy The Canal
Auditor deserves great credit for the admirable manner
in which he has placed such vast amount Of valuable
andimportant information before the public.
The quantity of oil consumed by the railroad compa-
MES Of the United States immense and furnishes great
market for the staple product Of New Bedford ana Nan
tucket enterprise 1t is estimated that the value of oil
consumed American railroads during the year 1851
eight hundred thousand dollars In Massachusetts,
alone the consumption in 1851 amounted seventy
thousand dollars.
Counterfeit 2O's on the Bank of North America Sew
mour Conn in circulation altered from an old broken
bankNignette rail cars eheaf Of wheat agricultural
implements and canal in the dstance-the figure 20 each
side of the ygnete eagle feeding an eaget on the left
end and small eagle on the right.
We quote Land Warrants, 16O acre sl12 s1o0. so
acre. SOS sea- 40 acre s2s s33 The new warrants do
not come into the market very freely and the supply il
just sufficient to keep up healthy demand.
Within the past four or five weeks new stock has
been operated in ut the board Of brokers-hat of the
Phoenix Mining and Manufacturing Company several
hundred shares have been Sold and advance Of fifty
per cent first sales realized This company possesses
valuable coal mines in the Cumberland coal region and
has charters from the States Of Maryland and Virginia
Nothing has yet been accomplished in getting out coal in
consequence Of the non-completion Of the Ohio and
Chesapeake Canal and the Of the Balt-
more and 0hie Railroad. These markets now avail
able to the Phoenix Company and IL Is estimated that it
will mine and market at least thirty thousand and per-
haps fifty thousand tons Of Goals during the present year
The distance from the opening Of six foot vein of the
companys, at Westernport to the line Of the Baltimore
and Ohio Railroad, Is, by actual measurement but
seventeen hundred and fifty fectess than onc-third of
mile The cost Of the structure to connect the mine
with the road including two hundred and twenty feet of
WOODEN Doge ana the inclined plane IL estimated at
about $4,000 to which add right Of way, houses for
workmcn, and the incidental buildings 5000, and
for mining tools, &c, say $1,000, making a total Of
$4,000 which expenditure will enable this company to
commence the delivery Of coal board the railroad
cars on eturnout- or side track connecting with the
Baltimore and Ohio Railroad. The railroad company fur
nishes The cars and motive power for transportation
There having been good deal enquiry in the street
relative to the prospects and resources Of this coal com
Pany those interested will here find in few words the
whole story. There probably is not another coal mine
Of such extent and value in the country so accessible a
thisone having greater facilities for marketing its nro
ducts with such trhing expenditure of capital The
lands Of this company In the States Virginia and Ma,
ryand amount to about twenty-five thousand acres free
from any ncumbrancc they contain coal and iron ores
Of the best qualities in nexhaustibe quantities besides
which large portion Of the surface is we'll adapted for
agricultural purposes and much Of 1t Is ALREADY under