The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-02-14


given to understand that fsw weeks or months
viii suffice 70 develepe tho resources Of these
companies to an extent that win guaranty good re-
turns on the investments; whereas it will, in fact,
require almost as many years to bring those which
actually possess value up to moderately paying points
There are, undoubtedly, grand exceptions; but time
only will determine which are really good, which are
really bad and which are Indifferent.
The new coal stocks Of the Cumberland region
which have been put upon the market have been in
fated largely, and to moderate extent have become
distributed among outside parties, at prices ranging
all the way up from the lowest to the highest points
The reports rather extracts from the reports of
these companies, which have from time to time been
published upon the authority Of individuals represent
ing each corporation, have, perhaps given fair and
just accounts Of the property purchased, and its
prospective mineral wealth and resources. AS for
the capitals named, they are merely nominal. The
representations made by the parties originating these
projects may be exaggerated and they may not they
may be realized to the utmost, and they may not;
but outside spectators have been as capable of
judging any other class, any individual outside
of the private parors of the boards Of directors.
There has been demand for new Stocks and no one
"
have no doubt many more, which have not yet been
heard Of, will soon make their appearance in the
street. Their race viii soon be run-their GRAND
done. They will then disappear and give place to
Others There is in times like these, an appetite for
new speculative projects and it must be satisfied.
The only way to moderate the evil is to feed it with
the best material we can get. Mining stocks
have been created for this purpose, and coal
stocks have been selected in preference to all
Others No one can doubt the ultimate value
of good coal stocks for permanent investment;
but the difficulty is in making the selection, to tell
which is good and which is bad. The consumption
of coal in this country is progressing with chrapd
strides, that all the most prominent sources Of sup
ply must ultimately become immensely valuable; but
that time is unfortunately for holders Of coal stocks
of the present day, long way of. Railroad stocks
have had their day in the speculative world. They
have been run up and down, as the bulls and bears
obtained the ascendency. They have ct times been
enormously inflated and ruinously depressed I'm.
mense amounts Of money have been lost. After all
these fluctuations railroad securities generally have
settled down upon sound solid, substantial basis
and spectators have been forced into other stocks
Mining stocks, particularly coal stocks, have taken
the place of railroad stocks They will have to pass
through the same phases, and will eventually reach
the same position.
According to the European advices brought by
the Niagara, money was still in demand, without
change in rates. but there less activity in Amer
can stocks The Liverpool cotton market was firm,
and prices for American had advanced oneeighth of
a penny per pound. Provisions were active, and
pork had advanced, but, owing to the liberal supply,
breadstuffs were quite dull, and decline had been
submitted to. The demand for sugar and coffee had
greatly improved, and good business was doing
The expectation Of specie from this port last week
amounted to s352,627 l5 Gall shipped by the steam
ship Franklin to Southampton and Havre). Pre-
vously reported this year, $949764. Total in
1852 to February 18th, inclusive, 81 1902 ,39l 10.
The gross revenue of the York and Cumberland
Railroad Company, for the month of January, 1868,
amounted to s6,490 %, against $2,s6O Is for the
same month in 1852. Increase in January, 1853,
So $50 Is.
The annexed statement exhibits the quantity and
value Of articles other than dry goods imported in
to this port during the week ending and including
Friday, Feb. IL, 1861