The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-02-07

withstanding the improvement in rates Tor sterling
bills. In February last year, the export OF specie
amounted to 1851 543 averaging about 100000
per week The first week in February, this year. the
export has been less than two hundred thousand dol
lars There was not very large business in foreign
exchange by this packet
The receipts of the Mansfield and Sandusky City
Railroad Company for the month of January, 1853,
amounted to $l7 ,s0s o. against 1921 Is for the
same month last year-increase, $9,546 95. This is
very good particularly on account Of the reduction
in the tariff of freights.
The Cumberland Coal and Iron Company are about
issuing report setting forth their operations in de-
tail. We have no doubt it will be an important and
interesting document and will show that the profits
on coal shipments from the Cumberland district are
greater than is generally supposed.
During the week ending January Goth. 1852 tons
of Cumberland coal sent over the Mount Savage
Railroad, and 2,204 tons over the Cumberland Coal
Company's Railroad. Total for the week, 4,736 tons.
Amount sent to market from the Cumberland region
during the month of January 1868, was % 43s TONS
The Bay State Mills Company have declared a
dividend Of sc per share for the past year. II is said
the company have earned during the past year, 81
per cent, which leaves them handsome surplus.
The Chesapeake and Ohio Canal was navigable,
during the past year. only about six months yet the
descending tonnage reached Isl 1863 tons, and the
ascending tonnage l67 595 tons. The tolls collected
for the year amounted to $o224s 30.
The northern part of this State is in fair way Of
being literally supplied with railroads. Three COM
panes have started into existence simultaneously, to
construct railroads between the Mohawk Valley and
the 81. Lawrence line, through Lewis county. The
northern terminus OF these roads il at French Creek
Is miles below Cape Vincent On the south, Herki-
mer, Utica and Rome are contending forthe southern
terminus. The distance from French Greek to Utica
is 100 miles, and the estimated cost Of constructing
the road Is two millions Of dollars. road is about
being constructed from Saratoga to Sackets Harbor.
Contracts have already been concluded with respon-
sible parties The contractors have agreed to take
the road and complete it on the company's bonds,
provided the company get possession Of five hun
dred thousand acres Of land along the line OF this
quantity, four hundred and fifty thousand acres have
already been secured. These lands are heavily TIM
bered and be made very valuable their mineral
worth is beyond all calculation. The northern ter
minus Of this road has not been determided upon.
French Creek may be selected as 1t is an important
point All freight going to Ogdensburg passes that
port, and transportation Of rs miles on the river
would be saved by making French Creek the north
ern termination of the various railroads contemplated
From Saratoga to French Greek is $50 miles,
The last annual report Of the South Carolina Rail-
road Company, gives the annexed statement ofre-
ceipts and expenditures for the past fiscal year
SOUTH CAROLINA RAILROAD.
Gross receipts Of the road 81 1876 1876 AZ
Expenses current and extraordinary ..... 453961 70
Net profit, S671 229 90
Interest paid foreign and other debts
damages, &c, ........................ 1e5, 95S 4S
Netsncome, t505 2T1 u
Two dividends "a per cent each ....... 2T1600 90
Surplus s2338u 81
There has been an increase OF the Indebtedness OF
the company the past year Of 1874 900 65 occasion
cd chiefly in the purchase Of her right Of way, an