The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-07-26
FINANCIAL AND CONNER CIAl'

v,svsa - npr e.ut New Yoes cen4rsf bonds n; Dea
ware and Hudson Ia canton g. x; New York Central
Railroad trie Railroad A Reading Railroad u Michi-
can Central Railroad "a. Panama Raurssd feil 2s
mar cent, Northern Indiana Railroad a Cleveland and
TSledo Ralroa u The movement 10 Me lragu& rfansi.
e-Say very decided one, and sbou be much
surprised former prices not current for this stock
before many days New York Central ailroad partially
recovered to day the depression Of yesterday bat
there few sellers on tune. Tho prosen. actual
value of Cd stock ranges between seventy seyeoty
i've per cont and It win ultimately touch these ponts
A for hrse it destined remain among the forty. for
= time. 1. is beyond all hope. Reading Railroad "
steadily Improving under rs recent dnancisl movement
We DO not hclsge that any advance railroad etoeks
Yn he rRanent bet the pureued ~ the Read
e Company is better cloulted TO revive these securi
ties shep any ether Rhch has bean adopted for long
toe AZ Tho second board thore gsa further Improve
,aenl Nicaragua Transit vent up = pc cent Panama
Railroad a. New York Cooral Railroad q Ere Railroad
y. Cleveland add cinGnnat Railroad fen off u; Clsye-
eud and Toledo Railroad u Illinois Central bonde u.
Aftcr II journ nsnt OF the board Inc wing aaes
u ssosAs ana bonds made At auction by Simeon
G,aper,-
sss,ceo enaaio, Corning and n. <. q T. "a moss-,
30 nhares hIuare C,ty bank ...............,.. ~
The .sept, At oncs of ,hs Assistant Treasurer
Ibis gors day, amounted 70 sl6o s3a ~; payments
si7, 3e5 80; ba'auee si,42s,96e %.
oIge Dana, receiver 81 tha uties Compa
n.y. has given notice Of levy zoe following assessments
an the prerun notes composing capital OF s,id
any, peyee,e the 18th Of September
Uson notes given for policies which expired previous
OCTOBER l, 1851 q he la4gs si1o iour pr ceat.
UIoo no,ca given for pscies sbicn = PRED previous
aCetober ], 1901, Of tho man size twenty per
ned snhstau-a. TO Oct5bsr D. 1851, the ian anoant
hereoi or the balance remaining due thereon.
oasdo capitalists have discovered hat stocks ars MT
gsey 10 sick much below their present grade and that
me- may reyiEe with giant strength. There is some
10 believe this, iaas@uen money hiss already
bcsoms quite abundant We 10 pretend to offer any
opinion -he raeular description Of stocks which
most leY improve hat, from experience we
haze uniformly remarked, tina. there is general sym
PAby Of fancy character participating With me
improvement Of the more substantial Tue banks are
also doing ae ahen citing 10 the line of ths peculiar
buaintss would many OF railroads. Ind they
constructed wih greater regard TO tho true OBJ
jeot o. n cir creation, than miserable process Of
stock speculation TIE coal paues dong high
y profitable business their basis Of operations 10 val
yahe and cannot be restFcod the demand for coal Of
every description being the increase the sup ply fan
Us much under the demand. u ,s not probable there
he any Interference, any composition With the
tUal companies. Tie RI L and mount of capital required
40 mahe additional des Opponents this matter at
resi- The millions and tens OF millions of dollars
which have been expended for the purpose of in-
tcoiucirg coal 70 market, nre parfcct guaranty
Rat tie coal trade must long remao Z mos. pcrfoc.
Nonoray, SLOWING to consumers that it hos become
extremely importat that they SHOULD be prepared FOR
shcrt sugIy, If, for example, Instance the Reading
Rcsd which has been cpntructea for the transporta
tou of anthracite coal at expenditure
aostng billions, hoS anticipate, after al the
vies,uaes this comp has gene through that other
sntsrprises Of similar gigantic character will se Nm isr
hsen. We r~ther susrcc. they viii not; aud IL is
opinion that there cannot be another such powerful
combination Of talent, capital and energy in motion
sor sponding purpose The pubic are much in
se5rd 10 Tho associates Of ts eorny for their enter
prise, Without his ROAD should not have much
sLsa hTeeoutth OF the necessary quantity az coal Tor
te EXAMPLES set by the s ling anas sron. rassinga
dividend all uch Obligation This deter
snn,tion not only iuicous, but hga,y Memorable;
for, notwithstanding is immense income consequent
on their enlarged imqro omsnts, they have hone ,ly
resolved to appropriate their net proGs protect the
credit, BY disoaarge Of thoir floating dobt.
The prosperous condition Of the Delaware and Hudson
and the rcnnsyf Coal Companies induced many
capitalists 70 turn thst attention TO other districts
and strive oy well directed enterprise build ~ other
companies Of equal power aud pSoiuctyenoss Their
clearly Illustrated IN The rise progress and pros
periiy Of The Cumberland Coal Company OF Mars land,
.nd The ono is not far distant when it viii ba far in al
oSethet Of che Two companies above namel
year--lsb3-the cumhcrloni Coal Company m,rzesea
nearly hundred ,hcus1rd tons Of coal. Tis year
tse4t viii 7rhet upwards of three huujred thousand
Tons. This is, believe, The fourth nth year OF
mining by Cumberland Com Qany, aaa the above pro
enet has been accomplished ii that short tme. rn'
DslAsAre lrd Hudson Company in operation seven
teen years before producing s1ah quanN Of coal; an
last ytaris53tbe tseaty dith Of its existence, pro
auced but 49f 90 tons The cumborlnd Com pany, il
fe yenteenth year u IL operation, W without mucl
doubt, do better than tho Delaware and Huds Com
parry and f. after twenty five years does not get
move than 1--WE hundred thousand tons a coal 1t pro
badly viii be ABANDONED But we look Tor better taiags
In 1856 the production n coal b. beranj Com
pany vii probably be upwards OF five hundred thousand
tons, and the annual increase that quantity cxcee
ahat Of any other company existence. We annex
the purpose of rhoving tho comparative position OF TIA
fhrce heading coal companies table Of tbs capital de-
and produc; Of each FOR The p-esen. year
TuE ANTHRACITE AND BunuSoCs CoAL rRlps, 1854
Pfofac,
Deiavare and Hudson. 81 10000 100000 sSoo,co1
fenns, lyanlA cosI Co... 5,l5O,OVo 100, 10.
Gun btr.sbd Coal Co.,. 5,U0u,Oeo 900, 600 Jo0, o1l
We nave here, attn glance, the exact relative post n
OF these companies, hnd y.one reconcile to
snipds the great dscTvuee in me market vaua OF -.
stock they mere than believe possible The
he and Hudson ,eceiss IN Income from tho
tsnsFossatioa 81 coal ffom The Pcnnsyiyania Com.
PAM and s j. therefore larger in proportion,
toooal produced; out this particular the CurGberiant
Company advantage for is Geo: OF schooncr and
propcers haya been engage IN trtishlng coal tn
seabeard rarcs and it, profits this year
from hat alone must be very gccat Il . the
fnientsn OF The company make this regular brancn
OF hasness, and "a Il command is freight the
advantages mus be immense Ths corpany siii tnee.
fore have Two great Of revenue anl Tho rgre
ssc cannot b. otherwise under jadcious "a.
than highly rernuncTetive. What The Delaware AMI
Hwason Company l. nov, The Cumberland il d.s
Nned 20 he in very short space OF time
~ " clear that, engaged in the production Of tae
article OF universal consumption they sani upoa