The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-06-03

the di6cuhy Of getting II. 1t requires expenditure
Of many millions Of dollars TO construct railroad or
canal for the coal carrying trade and therefore
not expect any immediate addition to present faci
ties. This year-lst4-ths demand for consumption
win be squa to sx and half millions Of tons, and It viii
require the constant and uninterrupted operation Of the
transportation companies to bring down six millions Of
tons. The deficiency win be made up by the stock
hand at the commencement Of the season. and the pro-
liability s that at the close of this year. upon the
opening Of another, dealers win be completely cleaned
out. The difficulties next year therefore likely to
become greater than those realized thus far this all Of
which must prove highly favorable for those engaged in
producing and marketing the material In regard
to the Cumberland Company, learn that it is doing
q very large and very profitable business, not
only in mining coal but in Transporting 1t to
market. The profit coal is large enough; but
feights run so high, in consequence Of the dihcslty
experienced in getting bottoms, that very great profits
are made by the npany in the transportation Of its
coal to market This last may be only temporary
advantage and must not therefore be depended upon
much for revenue. Coal at present prices pays we'll
well enough to enable the company to show at the close
Of the year net income greater than has heretofore
been anticipated There probably article of general
the actual bona fde consum pton Of which is in
sreasing so rapidly as coal both anthracite and btumi
The disappearance Of our mmense forests, and
consequently the enhanced price OF wood must compel
all railroad companies 10 coal in their locomotives
This has already commenced and improvements are
made in the construction of furnaces it will become
more general The existence and extension of almost
every branch of industry lie ponds upon proper supply
of coal and is therefore important that every
should be made TO provide the ways and keep
ing up large receipts.
1.-THE second board to day nearly every fancy the
Hal Lac So
Nicaragua Transit declined = per cent; Cumberland
Coal 1; Erie Railroad, Z; Reading Railroad, =; New
York CENTRALLY Railroad, y; Parker Vein, !. There
was not much done in any stock.
The value OF imports into this port during the month
Of Nay 1854 compared with that Tor the corresponding
month in 1853, annexed
COMMERCE THE Posr OF yrw Yonk-vAtrr or IxroRrs.
p,,aa,,s Free "1 ssd,,
49,, r., ssa e. s s 6. 50 IS s ss Ts
1858 May iO2550.l l4s724s I04s SO 81 9s4 iess7s3
In dutable goods there has been increase in the
month this year OF 81, 74e,261 in free goods s3l 1906
in Withdrawals from warehouse, $3.50 IO2 and in the
total importation, s2,6lso76. There has been de-
in the amount of specie imported of SAL eo9 The
value Of goods entered for warehouse was s3I5I Goa
The amount Of gold and gold dust entered at this port
from California, per ships manifes.s, during the
month Of May, was %, 1905 e2.
The amount on deposit in the sub treasury, at the
close Of business the 3lst Of May 400 s67 81
the 30th Of APRIL the deposits amounted to ss666,
779 o. Increase in May s74oOss 49, The receipts from
customs in May, 1884, amounted to $3267, 56l so,
agains. t2,9os ,525 "a, for the month last year,
showing increase in the month this year, OF $685.,
o36 20.
Tbs steamship Franlln, from this port for southamp-
ton and Havre to MORROW, VIII take out about mil
lion Of dollars in specie and the aggregate shipment
We vii mott ALI nj Of
dollars.
After the adjournment of the board the folio wing
stocks sold at auction by Simeon Draper
$1,000 Wisconsin Improvement las (int added)... o5
1000 Cleveland and Toledo +. i. incomes, Interest
so shares East River Insurance Company. ...... So
The receipts Of the Hudson River Railroad Company for
. May were. 'si232.i ~
May, ieoo. 95IVs AZ
Increase ~ per cent ,567 %
The business Of the road almost suspended for the
first eight days Of the month"; by the effect of the storm
We have examined lot of machinery which is about
TO shipped to the Gardiner Cold Nine thus complet
ing the relimnary arrangements Of this extensive
1t is nov exactly three months since ground
first broken at the mine; but in Consequence of the
weather and various other obstacles useful progress
made, and in fact actual work begun until the 1st
of April thereabouts At that time force OF miners
wac set TO work vigorously, and additions have been
constantly maze to it s,nss At present the snnorin-
tendent wee that he has FROM two to three thousand
tons Of quart extracted aud that average Of ffty
Kept constantly at the shafts and levels. II Is
Of course impossible to predicate The value Of this quartz
with anything ike accuracy until 1t il crushed in large
ouanties it win be remembered, however, that the
SAMPLES many Of which were parcels OF several hun
bred pounds weight whose crushing have noticed
from time 10 time, have uniformly yielded very high
average of gold few days hence, tho prospect of the
company win rest something more solid than samples
The machinery viii be shipped before the end Of next
week. and by the FIRST OF July is confidently expected
that the steam engine and crushers VII, be erected
fools being shipped 70 supply force Of three hun
dred men, and s the expectation OF the managers Of
the company that they viii from the outset crush
hundred tons Of per day. Thse expectations seem
TO be shared by The people Of The neghoochood OF the
mine and at Fredericksburg We trust they may lie
realized.
The following were the biis al the Mining Board
Bid. asked Bid Asked.