The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-03-29

penss account Al the the year Harlem has been
and down actively lately than have before noticed
time Great efforts have recently been made to do
press prices for this stock and they have had their elect
Tho extension convertible bonds have continued two or
three per in advance the stock but only few have
been offered New Jersey Zinc stock has been in demand at
steadily improving prices II said the paint manuac
tured by this company superior to any other in exist
The test Of time has unanswerably demonstrated
the great superiority oxyde Of zinc that Of lead
when used for the general purposes Of painting Its use
is rapidly extcndngso much that the above named
company have to erect machinery every month to
increase the supply The htock is selling ut its par
value Norris Canal has been within the past two weeks
considerably above ruling prices 1t is now steadily set
ting down again and will probably find its level There
is wide margin for fall yet. Norwich and Worcester
has been doing pretty well lately and probably will do
better the advances and travel increases. We
have heard much yet about the next dividend but
would be well enough for certain directors and others
connected with the management to keep all their cacu
lations upon that point TO themselves. The game has
been played often and doubt If it viii work
again
Reading Railroad has been quite active during the past
week and prices have wonderfully sustained. The
stock held in such large blocks and the public outsde
of the clique that controls majority Of the floating
stoc afraid to touch It. that twoor three thousand
shares put upon the market find other purchasers than
hose who already IRE heavy holders put prices down
five per cent in day and this better than
those who deeply involved in tho imitation and have
many shares they possibly carry The Reading
Ralread has not done very large business, thus far
this Compared with the corresponding period last
year there has been falling of Of more than seventyhve
thousand tons. We are informed, from competent
vana have been worked out the levels at which they
have hitherto been wrought and that large force
OF mnersabout six hundred men-arc engaged in pre-
parutory labcrs technically called dead work. at lower
levels and results appear from those exerons before
the first Of September next This will materially reduce
the product from the Schuyk region for the present.
and the future operations in the coal mines will be below
the water level This method Of extracting coal is obv
ousy expensive than when the mineral exists above
the surface powerful steam machinery requisite to
keephe mines dry and the sinking Of deep shafts is at
tended with much labor and cost This fact has dis
eouraged some Of the hands there and learn that
four hunded miners have left for California The mining
force is thus reduced thousand mem reduction
very ssnsiby felt We furnished with the sou-
ton of primary Of the reduced quantity Of coal
transported the Reading Railroad this season,
pared with the corresponding period OF last year We
noticed, como weeks dnce, statement Of the Potts
vile Miners Journal that the probability was that
the Reading read would not bring much to market
this year by 10000 tons it did the last. We antic
pate this deficiency will he increased the road has not
succeeded in overcoming the dimnution which took
place with much effect in the two past months The
supply from schuykill county being diminished viii
be more than made up from other quarters There
mines in Pennsylvania that not in the condition
as those in Schuylkll county. The Lehgh, Delaware
and Hudson mines not yet subjected to the incon
vtrnce Of sinking shafts their levels still above
the water line In addition to these companies the rich
virgin mines Of the Dauphin company coming into
play and coal be mined at rates that will give tho
raurhn Goals the entire control Of markets interior
from Philadelphia. The Dauphn Goals destined to
DO much for Baltimore the Schuykill have
done for Philadelphia. The mineral wealth Of Pepnsy
vana pouring into Philadelphia, has supplied an inter
-i commerce which has fully made up to her the loss
Of her foT.gn trade and given her augmenting wealth
aid population. But the Schuykil Goals cannot any
longer DC produced cheapiy elsewhere philadelphia
! has seen her zenith
The Chief Engineer Of tho Illinois Central Railroad
lason has notice that proposals will received
at bis iee Chicago FOR the grading masonry bridging
and upcrsirucue Of several divisions Of railroad
Tie peculiar formation of the tract Of country through
which this central line will rum makes It perhaps more
thnn any other il the world the place for the location
railroads liz typographical character extremely IA
ycIolo 10 their construction On its praiTies the
levels are already formed The entertainments and bitches
may he made BY turning the sods from the sides the
centre There are but few streams TO rocks to
blast mountains to perforate and valuable estates
through which to purchase at rates. the right
Of way The difficulties all Of inferior grade The
want Of material ~ hand for the purposes u masonry
construction Of bridges and ballasng the road way will
lie otyiaed ty laying the track the banks from
fh.1 if d,.in and