The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-05-05


1s4o............. PATIO 1852. ,7sss53
am not able to state precisely what the value
increase OF merchandise transported in bond from the
Canadafor the periods named but the amount has been
ton that transported from Boston. have doubt
also that our general trade with the Canadas has quad
ruped quintupled within the last five years. and that
it now largely and constantly on the increase and the
same remark holds good to general trade with
the great West to which advantages second
to those Of no other city In the country.
The annexed letter from the gentleman who has writ
ten several (Which have published) this subject
will be read with interest by all those connected In any
way with the various coal companies of the Cumberland
region
The CUMBERLAND Coal TRADE FOR 1853.
CUMBERLAND, Md, April %, 1868.
Sm-Having In great measure closed my examina.
ton Of this district, hasten to make you acquainted
That the present available capacity Of the region has
been much exaggerated is conclusion that forces itself
but there is such deficiency in making it practically
available. Ia support of this opinion will endeavor,
briefly to give you the reasons :.
The means OF transportation first attract atten
ton What are they The Baltimore and Ohi> R.il-
road and the Chesapeake and Ohio Canal These two
Of the district The utmost capacity of the Baltimore
and Ohio road estimated at three hundred thousand
as s o gas So to
ket the companies have neglected to provide them
selves with the proper number of boats for the
nal As consequence of this neglect they
in great compelled to await the pleasure the
convenience of the railroad Besides all this the heavy
up grades upon the Baltimore and Ohio road together
with the scarcity of motive power have pushed the road
to its full capacity, and it is compelled Tor will be
light and which pays at the ratio of IS per ton and
81 per ton for COAL than which they could have
freight mere inuroust to their track This consideration,
also must inevitably force itself upon the minds of the
directors of the road If it has not already done So and
they have calculated that the and tear caused by
coal little that of merchandise, (Which, to
every practical man. erroneous upon its face they
will from this reason they consult their own interests,
o s ns rns e.
certain afforded BY the railroad they savo them
of affairs is doubtless bad enough, and very annoying
but compared with the companies upon the Georges
BILE. Upon Georges Greek they have not the means
of getting ton Of coal to market The Homecoming
sosss nSsS the valley vii mot
have other means. But what makes affairs worse
themselves at all of the canal for it not be supposed
that the Baltimore and Ohio road will be willing to play
queny have before said the capacity Of the
railroad being three hundred thousand per annum
@ r i bs
eastern and western interests the portion Of each will
be entirely too small for any practicable business This
for years f they able to hold out against it New
roads will have to be built and entirely different arrange
men be made before they can begin even to pay their
The fact which self evident that all coal stocks
in this region very fur above toir ACTUAL present
value That they will ultimately prove profitable there
is doubt but such profit must proceed from
far different system than that now in operation.
The Boston Transcript Of tho Sd inst gives the follow
ing statement relative to the revival and progress Of the
manufacturing interest of New England
The gradually revivng life and prosperity of the
featuring interest, in spite Of the existing tariff by
which It has been for five years back depressed,
worthy of somewhat detailed record and to ell in
terested is subject of triumph. The York Mills (Saco)
pay today per cent and the Boot Cotton Mills
UowelO the same on Saturday. Reviewing the pre-
cedpg which allows the return of dividend
Massachusetts, Suffolk, Lawrence, fremont Middesex,
and Hamlton-al ut Lowell the Laconia and the Pep
perell (Saco and Biddeford) Cocheoo (Dover) Great
Falls (Somersworth) and Amoskeag Manchester have
mack lowell the last December s. per cent
had been the one preceding The Otis, at Ware,
(Which during this long interval of general Ian.
gushing has held its own better than almost any
vidend of per cent the previous in October having
been A. On the other hand there few companies
which have not yet made visible start towards reganing
their pamest state though of these there
which the knowing regard in fair train of
Three per cent the last dividend of the Ap
pleon lowell Stark (Manchester) Salmon Falls (Som
ersworth,) Nashua at NJ, Dwight and Perkins, (both in
Hampshire county, Salisbury at S. I'VE class the last
because, although per cent dividend made by
them about the goth Of January 1t is the only paid
for O twelvemonth back The Lowell Company at IT,,
time eded amount in some instances passing it
by altogether The Jackson (Nasnua) Oeopoo (Spring
feld) Palmer and Thorndike (both at P) have made
dividend the last year. and of them for yet longer
period The Cabot (springdeld) was about year since
merged in the Perkins.
Stock Exchange.
$4,000 u s. 6's 49,. 1924 800 shs Phx MCo. boo q
500 Ohio 6s Co.,. 10S $50 do........... COX