The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-11-16

We learn from the Detroit Advertiser that the steamer
Samuel Ward expected to pass through the canal
which has been constructed around the Sault St. Marie
at time the present week, her way from Lake
Superior to Oft The opening of the canal will be the
of connecting the great Lakes Superior Huron
by navgabe waters and will thus afford ample facilities
for developing the rich mineral of the Superior
regions.
At railroad convention at Salisbury, N. c. the I'd
inst resolutions adopted in favor OF general sys
tenn of internal improvements and Of the State subscrb
ing fer Of the capital stock Of such works
calculated to devcope it, They also de-
clared IT exredent to construct main trunk line of rail
road from the most eligible point Beaufort harbor
through Onsow to Salisbury and thence west by the
most practical route to the Tennessee ne and that the
Legislature be urged pass act authorizing the North
Carolina, Tennessee and Ohio Railroad Company to
from the town Of Wilmington or from point the
Wilmington and Manchester Railroad, through tie town
Of Charlotte, to the Tennessee line.
The receipts Of the Chicago and Mississippi Railroad
Company for the fourth week in October amounted to
s4O044 10. Total earnings for the month OF October
$14l, 500 Is.
The Boston Traveller Of the 14th inst says =
There variation TO notice In the money market to-
day transactions at the Board much larger but
.he market is, by no means, animated Eastern Fail
road declined ~ closing heavy at 55al asked. Whining
ton duh, falling OF u from last sales. Fitcburg sold
Northern in request at 49, witk very small amount Of
stock the market Western Is wanted at &C. seller,
at present rates being very Copper Falls
nues TO decline being offered for sale at ~, and only
20 bid The idea OF another assessment operates very
unfayoraby. Only single sale of railway bombs, wiic
about per cent lower.
The report of the Gill Copper Mining Company OF Lake
Superior gives the product Of nine months endsg Au
quit 81, 1854, as follows
Mass copper lbs. ...745,315 Sampings 307
parrel ore........3 $40 --.--
Iotai. 0bo,sop
The average product Of the last three months ha
somewhat exceeded q hundred tons per month, AMI
probable that the three remaining months OF the yea
will bring up the total produc. to eleven hundred AMI
fifty twelve hundred tons dividend of IS per share
declared the 18th September. The last annual
report Of this company highly favorable to the pros
pects and condition Of the mine. The vein never looked
promising yielded richly as at present In one
art Of the vein they have exposed the largest mass Of
copper ever found Lake Superior-sstn,ated TO DO
over 200 tons II Is ntmaed in tho report that II may
be necessary TO reduce the dividends for time in order
to accumulate . working capital for the want Of
which the company's operations are considerably en-
balrassed.
On the 9th inst the opening Of the great Illinois Gen.
trail Railroad Company to Galena was celebrated. The
portion Of The road brought into and which
the occasion Of the celebration extends from Freepcrt
10 Calcna distance Of 81 miles With the Galena and
Chicago Union which to Freeport 1t gives Chicago
direct railroad connection with the Upper Missis
sippi and its influence upon the prosperity Of
that city IL already felt most sensbiy, as they
have enjoyed Of its advantages since the opening
Of the Eock Island Railroad Following the main trunk
south from Feeport there aspace Of about AZ miles
TO small town called Amboy, ten miles south Of Dixon,
which Is not yet completed. The work Is in for
ward state and win be finished early In January.
From Amboy south to vandalia, distance Of
1876 miles, II Is finished and In operation. From
vandalia 70 sapdovA rs miles, and also small gap Of
about Eve miles, near Csntrala, remain to be com