The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-01-27
FINANCIAL AND COMMERCIAL.
N ON EY M ARK II r.
WEDNESDAY, Jan. 26-6

The stock market this morning was steady. The
Variations are,-Ohio ca, 1860 advanced u EIie
Cd Mortgage, 1; Erie, I'll D; Morris Canal. /; Crys-
tai Palace, 6; New Jersey Zinc, d; Portsmouth. Z;
Cumberland. /; New Creek, 4; Panama. J. Penn
syivania Coal declined |; Florence and Keyport II;
Phoenix. .; Erie, 1; Long Island, 2; Hudson River,
!; New York and New Haven,
The Arabia, which leaves tomorrow Thursday)
morning for Liverpool, takes out In specie $l50OOO
The transactions in the stock market are large
and evince a growing spirit Of speculation, which
will no doubt give to the securities dealt In thas
6uoyancy which has already affected every other
species Of property. The remarks made at the morn
ing session Of the Stock Exchange by an eminent
member. have point which we think worthy ofcon
yeyng to tie public for general appreciation,
and had reference to the introduction Of the many
new projects which are starting into life Throughout
the country, and which, he remarked, should not
be attributed solely to spirit Of speculation, but
10 the spirit of enterprise which has, under
the encouragement afforded by an unparalleled
state Of commercial prosperity created the wants
which other enterprises are again destined to sup
ply Of this character are the navigation and trans
portation companies, which superinduce the neces
sity Tor fuel and thus lead to mining projects. of
which the anthracite regions Of Pennsylvania and
the Cumberland region Of Maryland are at this
moment the busy scene. Nor Is New York alone in
her awakening sense of the growing prosperity of
The country at large, and Of the necessity which ex
lists for allowing speculation to take wider range in
its search for legitimate objects of enterprise.
We see, for instance, that the project for
establishing maritime city at the harbor Of Bruins
wick in Georgia, has been received with favor BY
1axn bad
of its merits. We are informed by report Of the
President and Directors to the stockholders Of the
brunswick City Company, "that their property con.
siss Of three thousand and tyseven lots of land in
Guiding the old town of Brunswick, (as laid out by
Governor Oglethorpe, under the reign Of George II
more than hundred years ago. ON which the
sum Of six hundred thousand dollars has
been expended in the erection of wharves,
public buildings storehouses steam mills. &C., &c.
Now, when is considered that the harbor
of Brunswick has been pronounced by a committee.
consisting Of Commodores Woosey, Clsxton, and
Shabrick. appointed by the government OF the
United States, to be superior to either Beaufort or
Savannah A. port, from its depth Of water, ease of
access, and capabity of defencethat it is perfect
ly salubious. and that it has central location for
the maritime business Of the whole Southern Atlsn-
Tic coast it may fairly be inferred that its destiny
willequal those large and increasing cities in the
southern portion Of our Union, which are deprived,
IN a measure Of all those advantages which Bruins
wick in an eminent degree possesses. But 10 this
consideration is to be added the important fact that
it is to be the termini Of two important works Of
internal improvement. We quote from the report
Inc Altamaha river, next to the Mississippi Is the
largest river oil the south extends into the interior
distance of thousand miles aud has many small tri
butsres nnvigable by small boats and RATS emptyng
INTO itwaterins, in their devious courses, the vast
tracts OF Georgia timber Land the most extensive and the
most valuable to he found this continent The south
branch Of this river which has the deepest water at
twelve miles in straight line notherly from Brunswick
Tie intervening neck OF land is nearly level and the soil
Georgia canal in process Of construction connecting
IBIS river with the port Of Brunswick The sum Of $780,
@ Sss Deo s on tss wors which n
by Le State Of Georgia. Its length will be twelve miles.
lock il being constructed at each end TO be supplied
BY tide water. BY the last report Of tho engineer.
dated in December. it appears that there remained
"ny three hundred thousand yards Of
"a be made. The force employed FIVE hundred
bands, exclusive OF the force Of whites The
work viii be in full and successful operation during the
month Of March at an additional outlay Of onl. $4,000
by this channel the TIMBER cotton, rice and other pro-
ducts Of the vast region Of country to which have
alluded, will fnd cheap and to the sea,
tie course Of erection lhere and it Is confidently be-
Ee,ed tha at least 500 vessels viii be laden with lumber
States during the next The other link Of
ncsion Ia the construction by the brunswick and Flo
s Gulf Of ., mn 81 from 10 ss
and Tallahassee TO the port Of St Marks in Tlorids With
branch from the main line at Troupvs to Albany,
the Flint river. This road IL under contract and ID
course OF construction under the most experienced and
energetic management (See second report Of the Bruins
sick and Florida Railroad Company dated January 1888
The company propose to extend their road st the ear
Iest practicable moment from Townsville TO Pensacola
ina direct Line.
With these facts in view, predict for the Bruns-
wick City Company high degree Of consideration
nom the capitalists Of this and the neighboring
cities.
At meetingsOf the directors nf the New Jersey
Zinc Company, held at their Office, C. Il. Detmold.
Esq, was duly elected President; Hortio Allen.
Esq., of the firm Of Stillman. Allen & Co., Vice Pre-
sident; and A. T. Pilot, Esq., Of the firm of Pilot
4 lie Barber, to fill vacancy in the direction
The Syracuse and Utica Railroad will pay diyi
dend OF six dollars per share to the Stockholders on
The 10Th Of February next.
The receipts at the Office Of the Assistant Tres-
surcr OF this port, to-day, amounted to s6J5l5 Ii
payments. al4l7l2 64-baance, 50 206 ,622 OIL.
The eleventh annual report Of the directors Of the
Roscn and Fitchburg Railroad Company has been
Issued The earnings OF the main road and branches
Tor eleven months ending Nov. so amounted TO
fj4s,27I OF actual expenses of running the road
during same time, S2sa129 2. The company are
building new freight house, machine shop several
blacksmith shops, car houses. &c. When these i'm
proycmcnts are all completed, the directors think
they viii Ike able to save at beast half the interest gu
their cost in the expense ID doing the freight business
and repairs Of the road furniture. The gross income
* the road for the eleven months Of 1852 as compar
Sd with the same period the preceding year. shows On
increase Of $33,264 il. Notwithstanding there has
been decrease In The number OF passengers carried
there has been on Increase in the earnings received
hom passengers, the travel averaging longer than in
the former year. The gain on passengers is 81 ,376
"a, The increase Of freight foy the eleven months is
sc Oo9 tons. The road, fornitore track, station