New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-04-10

abundance of money, which always reacts avoraby on
real estate by stimulating investment and speculation in
uaf description of property gives operators great conf
dence IN the continued advance Of Canton, which Com
pany own 5000 acres of land in and adjoining Bati-
more The value Of this property has already expe-
renced large Improvement which must increase rs
the City OF Baltimore absorbs the lands The Company
owe no debt and nvcet all their income in the improve
mont Of the property The estate is considered to be
now much more valuable than when the assets es
nrnated to give cleo per share. The friends of the
Company think the stock Is worth SsO, and think
it will touch 500 within sixty days. Farmers is anoh-
er instance of the effect of the advance in real estate
his stock within two years football at 300i0
but any in consequence of the increased valae of the
real estate it holds 1t cannO. be bought at 95.
Madison and indianapolis sold at lO2, advance of p
cent on the last sale. Panama advanced p cent and
Mohawk y Nicaragua was in demand and went to 40,
q further advance of 2la p cent Michigan Southern
improved n per cent There was an active demand
for State Stocks and Railroad Bonds with general
buoyant feeling Arkansas IS sold 625 and Tennes-
see 6s at lO5 OfErie Bonds the sales reached
ly 100000, at firm prices. Hudson River Bonds
also finn There fair inquiry for Bank Stocks at
full prices, but Insurance Stocks dull.
The Exchange market is well supplied
and rates are easy with small demand for the
tomorrow Sterling is 81. 09e the latter for Bankers
bills. There is supply of good bills at SI 69ls "
The purchases of Bonds and Stocks for the other side
have yielded supply Of Exchange considerably in
cess of the demand
Freights are heavy, and consequently it
is difficult report transactions OF Cotton few hun
dred bales have been taken 3l6d 072d; Flour is
ported at l5d 3d. and Grain 32d 04Iad, the quaint
ties not being made public. To London we hear of no
transactions of Importance.
We noticed some time since a loan at 4
p cent on Erie Convertbles by the agent of an English
house The house had the right to sell them in London
to yield 95 here By the last steamer the account Of sales
of 100000 received yielding rather than that
figure new loan of similar character has been ar
ranged on 100000 of these Bonds by the parties
but the limit for the sale Is at higher figure The Bonds
go out in the next steamer,
There is decidedly active demand by
foreign houses and agents for the Bonds of Railroads Of
welestablshed character and such are recommend
ed by houses of known responsibility Such Bonds are
selling freely and at improving prices We hear of
several transactions of large extent but the particulars
cannot be made public. One Of the most favorable fea
lures for the Erie Convertible Bonds is that the Roths
childs have placed them the London market
The receipts of the New York and Har-
lem Railroad Company for March very large,
will be seen:
March, ls52 ---------------------- s6429i Al
March, 1851. 1868 10
Increase, 50 per cent. -.--..---..-..S go, 500 %
We have received several communications
lately rejecting upon the management of the Harlem
and New Haven Railroads in questioning the
policy of the common Presidency which exists,
and in another asking information in regard to why div
blends on the Harlem now with 100000 of receipts,
are no larger than when the receipts were 100000.
We make no pretense of knowing much about
these roads than neghbors and admit that there is
room for fair difference of opinion upon the subject Of
having President for both roads in the person,
but confident that the majority of the parties in
interest in both roads favorable to such policy,
is conclusivey proved by the election by majority of
votes in both roads of such person. There is no rea
son suppose that the interests of either road sacr
ded for the benefit of the other and the investment
of the leading parties is understood to be about equal in
both roads, it would certainly appear that in this case,
where the corporations track for
fteen miles, and occupy common dep0ts in the City,
common management must be the most judicious and
economical At any rate the matter may be safely left
with the majority of Stockholders who have repeatedly
sustained this policy notwithstanding portion of the
Shareholders have doubted its proprety Is must also
be remarked that the Newdaven Company own 100000
of the Preferred Stock of the Harlem which gives it
right to some influence in the management.
In regard to the question of increased dividends
the Harlem Road it is perfectly well known that there
has always been great need of capital expenditures
upon the road for depot accommodations, equipage,
double track, turnouts, renewals of track, &C. &C.,
which expenditures have been delayed by want of
means and that in view of the rapid increase Of bust
ness the need of these improvements has always kept
ahead of the supply 1t has therefore been the policy of
the Company to make such expenditures just fast
the increased income would make provision for the in
terest on their cost reservng enough for four y cent
dividend and surplus of $4,000 Thus just fast
the earnings increased just fast the interest
the debt increased, and thus it followed that there
was no enlargement Of the dividends. The expendi-
lures which have been made were considered abso-
utely necessary the rapidly increasing wants of
the road, and more expenditures still needed,
that no important change in the amount of dividends
can be looked for present. but the value of the Road
is being every day enhanced by this policy of the
sgement and the stock is thus made more valuable.
The receipts at the Sub Treasury are
elOO5O7; Payments, s2Oa,ssa Balance, s3,2Ol,656.
The Imports of Merchandise other than
Dry goods are not very large this week, but of Dry
goods they are about $4,000 in Of the previous
week. The figures follows:
Entered for Consumption.
Packages. Valuation.
Manufactures of Wool ............... 1888 xl55, 1872
Manufactures of Cotton ............. 1904 5l0599
Manufactures of Silk ............... 22f 1875, l8
MANUFACTURES of Flax. .............. 1877 2526H
MisreIaneous ACKNOWLEDGEMENTS. 2q5 1888
Total.................... 463 Sl,OoJ65!
withdrawals,
Manufactures of Wool ............... 100 $685.
Manufactures of Cotton. ............. l58 29603
Manufactures of Silk,................ SO yl83