The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-09-28
FINANCIAL AND CONNER GAL.


fancy stocks ~ me ht5t ooAYo oh
ths list srcsyt New York Central fell Of frsesios and
there wss active disposition 70 realize onetstons
current at the first board to day pared with those
ruling at the close yeserda depreciation In Ssa-
rsgua Transit Of per cant ; Cumberland ocai u;
CAnten Co, Il; Norris Canal Al Hadson Railroad, q;
Parker Vein 4 Erie Railroad, l; Harlem, IA the
bears large purchasers but only 70 the extent ab-
soutsly necessary for delivery On mstursd contracts
There is act besr in the street, but who 6rny con-
WINGED that the ofprces Is dsvn~ard TINS ten
dsnsy strong that way and all the combinations got
up the Off If every fascy company in Wall street,
cannot prevent rapid depreciation Ia market value
Crystal Palace sold to day advance of two par cent
Amidst the feeling Of dstrust which exists relative to all
the old overgrown fAnces. we perceive . growing con-
fdsncs in most Of the ming stocks the market
The accounts almost daily received from the mines 10
active operation very satisfactory, and give promise
Of favorable returns.
Hrhs receipts ct the Office Of the Assistant Treasurer
Of this port to-day, September 81 amounted to $751;,
SEQ o. the payments were secs cS S. leaving balance
hand Of 90 S67, 99l 81.
II seems that very Unexpectedly, there was rapid Dc
cline in the stock Of the Pacific Nail Company and the
United States Mail Steamship Company in tho sales Of
Draper ON Friday last and since st the stock board
The assigned for this great fal is the composition
nov ting between this company and the Nicaragua
Compspy il which the Pacific Mail ympAny seem des-
tined to come of second best 1t is evident that the
Nicaragaa route lie shorter by several days than the
Panama route and it impossible to expect thas
the mails will be continued by route that cannot equal
the quickest in tmein fact, tho eIctsment IN Cali
fornia this subjsct bars any such expectation the
government. has fun power, under their contract with
Mr. AspiI WALL to order him to carry the mails ~ the
quickest route before they can aanui thu contract
wheH he should not be able TO meet ths requirements
-, -;&k IN t6a
tract and it is that gcest efforts WIN DO made in
the next Congress- produce this result The Mexican
Ocean Mail and Inland Company hare commenced their
reguIara trips, carrying mail by 'Ramssys route"
through McKee, performing the service bstweso Acapl
and Vera Cruz in from seventy two to sshsy hoars
Unfo turatey there has not been regular conasc ion
At puco with the Pacific steansrs with two or three
exceptions therefore the advantages of this roue erer
both The Panama sad Nicaragua routes, are ret so gen.
orally krswn. II Iesns that this company made con-
tract with the Pacific Hail Company to carry the mail
between San Francisco and Acapuco but by some ir-
regularity the boats the Pacific have not connected
1T Acapulco with their line from New Orleans via Vera
Cruz otherwise mail would have been received at New
Orleans in fifteen sixteen days. semi monthly for the
sst two months; AID it ia known and settled that
there two shorter and quicker mail routes from San
Francifco than the Panama route it easy matter
to account for the great fall in their stock.
We have received quite numbsr Of letters asking for
information relative to the operations and prospects o.
the Florence and Report Company. We cannot answer
them in better way, than by giving the annexed oasl
sta ement explaining the position and objects Of the
Company
FLORENCE AND KEHPoRT JoIT CoNFAyIEs
This enterprise is 10 open , route and transact the
New York and the South, improve the section Of
country through which it win pass, establish pots
s and build rss and @
portaBt city the Partan bay the chief barber and
port Of entry for the State of New Jersey.
The importance OF work i'm perstvely demanded BY
the whole nation and its immense value is tso OBJ vious
to iced any estimates in its support- its magnitude E
Be realized oIy BY its progress. The Immense business
to be induced fair price the profit that rate
| without the portability of competition ard tie small
IL pronsns1s and dnAry .asures ii this .ssl
There companies consist OF and e,msany which 5as
a town on the Delaware ana one on the Raritau
plank road which las already co astrueted
Dor On the RsrtsS and Is now budinw pIaas rosi
from Florence TO Krypcrt
| transportation company which has erected the ne
buildings and depots fer the tran acon of its
business and estobhsheda ferry between Key port and
Eev Yo:k-th COMPANY, under the title Of the Florence
and Joct Com panee has tae Ia purchase
hold The stock of the other two compane and is
designed to become he sole stakeholder OF both, thus
uniting pncer one charer 6u the power necessary 70
| carry gu tts whole work.
Tfe stock at the Land comps1y consisting Of 20 600
/
| apd was issued in pay raept for the land.
| The stock Of the Paak Road COMPANY Consisting Of
80 coo shares represents the pier wharf ard harSor
the Rattan, the road building from Florence
Keypoft which is beng built urd der contract payable
in the stock OF tins pany and will be flashed este
With all it's necessary aPpurenaness for use free from
The stock Of the joint companies intended as the mar
ketabe stock and rpreseatpg the vhols enterprise
ssts Of so coo shares Of which are issued
In payment for the buildings depot &C. necessary for
the OF the business of atty
al ptaUk Rfpd
Company as the came is completed; twenty thousand
fer the purchase Of the land stock Il viii thus repre-.
sent the lard on the DtA and the RAritsn
prisipg the towns the plank road from Forencs Key
port with the piers tie Delaware and the Raritsn
and the warehouse ana dspots Of the company
The income VIII be from the sale OF lots the tolls on the
road and the prof of the BUSINESS Of transportation
semi div derds Of one dollar each and which mutt
increase with the progress # improvement; from the
tolls the road it is estimated the ocs business Of tho
stare will pay large interest the whols cost while
the profits Of transportation, should tina present exorb
ant price be maintained would pay for building the road
Thsse companies debt ard by their charter
prohibited from contracting any the stock is s paid up
In full whoa issued subject t, no further ins aent or
assessment liability Of tine stockhoders
property s paid for and value OF
whies from ats peculiar geographic position the price
/ Of the stock Is q very Inadequate estimate.
Ths Broad Gauge Railroad Company, from Dsytoa,
Ohio, BY Mansfield AMI Warren. 70 the Penn syvsnia
State line have under consideration several proportions
for connections to New York. LIST. BY venango, New
bsTy, ard DISCRIMINATING the dist from Cincinnati
to New York 7ss miles I'd By the route to We
mango, to Corning asd the New York and Erie line 1903
niles. Sd BY Newcastle and the Valley road to Corn
Ing, and the New York and Erie s5s miles. Attn. To
make uevslanda point, and run along the Lake SHORE
and New York aid Erie, s7a.milss.
We learn fro the annual report of the Marietta aad
Cincinnati Raroad Company that up to the 1st instant
$40 "a lad besr expended upon the extension to the
Ohio river It Ia 10 be completed by the contractors by
the LIST CT December 1854. On shs extension to the
Ohio river there employed 214s men, aad 500
horses and oxen The Sany have purchased ii AGO
tons Of iron sEcsnt to ay about 100 miles Of railway
From Chilcohe. eastward dit lance Of twenty four
miles, they vii commence laying down the rails By the
1st Of November NEXT On this portion Of the road 600
men, 300 horses and oxen, two aesm exc.ys.ors two
locomotives, and seventyfye gravel cars ere now an
poyed and 81 o07 357 has been expended. There hes
also been paid for machinery and buildings in Chuli.