The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-06-21

The sggFegate amount received for t,l!s ffon tbs
esmmsnosnent Of navigation to zoe llsh of June,
incl.sivs vs.. :, ;;;x .ssssln %
Decrease In ,373 81
The Newark Banking and Insurance Company
have declared the usual semiannual dividend of
i've per cent, besides dividend Of tan per cent
from tho surplus funds-both payable on tho first
Of July. The whole amount Of this dividend il
$76,297 so. This substantial old institution win
TINS pay It's stockholders for the year the handsome
sum Of twenty Per cent on their investment
The Emigrant' industrial Savings Bank has do
earsd semiannual dividend, ct tho rate Of six pr
cant per annum, on Ill sums Of $500 and under,
and five per cent an sums over $500, which shall
lave been deposited ct least three months on the
first day Of July next win be paid 8, depossors on
and after Monday, July 10th.
Tho receivers Of the Peoples Bank Of Paterson,
New Jersey, have declared further dividend Of
TWENTY-FIVE per cent ON the outstanding certificates,
payable on the 25th inst.
The Boston C)urier Of the 20sh lost says:--
remarkably cheerful feeling pervaded and animated
both stock and money markets Throughout yesterday
The s r.: board we're not very
western st ost, and Worcester At %, With tn; diy
dsnds c sno q Ola Colony At s7h and Cheshire At 30
n. western divides az; the Maine 9; the Worcester
Soad. ' IL. western { dsod.sy 1 l.. cheapest rad
road stock In the New England States and IL ntrns
:i'G q % lie
MARKET and yet II was sold yesterday at OK par cent
discount dividend OH Boston and Lowell, Vas hsld at
IS. Michigan Central scrip was In demand al par,
which price was also offered for the stock
By the arrival Of the steamship Ana ct Halifax,
we have, through the medium Of tho telegraph,
three days later intelligence thsn that received yes
terday by the 81. Louis at this port The CONNER
cial and financial accounts Of the m0st favora-
be character. The cotton market remained q. the
close the came as previously quoted. A day or
two before the departure OF tho Asia slight de
chine was realized, but prices recovered, and after
IN active speculation closed firm. Indian corn had
advanced during the week previous to the oh
inst. CoDsols had advanced per cent and il il
reported that the bullion in the Bank OF England
had largely increased. The political advices are
important ard inteI resting.
The st. Louis Republican Of the 16sh inst, states
that it is announced officially that Mr.. Alexander.
trustee and holder of the notes Of the Ohio and Mis-
sissippi Railroad Company, for $l,l58,O00, has
taken possession Of the road aud ia now operating it
for the benefit Of Page & Bacon, or Of those VINO
claim under them, by virtue Of the deed Of assign
ment. II is in the power of the trustee ct any
time to CHER the road for sale, frat giving twenty
days notice thereof, and this, 1t IL presumed, viii
soon be done.
THERE'S no doubt but that coal win ultimately bs
universally used by locomotives on our rairoa Is for
generating steam. The high price Of wood makes
iis consumption an important item in the operating
expenditures Of railroads, particularly those Of
the New England STATES, and the result Of any Of.
fort made to displace such IN expensive srticlsby
one not only cheaper, but more compact in bulk,
should be made known far and wide throug bout the
land. The Boston Traveller Of the 10th instant
gives the following account Of experiments made
with two locomotive engines, in tie consumption Of
Cumberland coal, ON several railroads in that
Vicinity
II win Be remembered that aome slime since We gave
account Of the locomotive Anthracite" built sitter
pp%ppsls patent e msntSU Mass and designed a e
the New Bedford and Taunton Railroad, where the en-
e Sss
some further improvements-was being built at the
been running BY way Of experiment for about q week.
It ~ called the 'Cumberland," and In appearance
q ss TSd the
however as well known, Is different in construction
from those used on wood machines Tbs coal used now
both on the anthracite" and the "Cumberland'-
Is Cumberland COAL
The Cumberland ran one day ON the Old Colony and
Fall River Railroad, working admirably, and making it
Is said four and BALI miles in little over three mi
nues time For three days past has bsen run on the
BOSTON and Worcester Railroad and has worked finely in
drawing heavy freight trains careful account Of ita
expenses has been kept and it 10 estimated that It
costs nearly quite double to freight train with
wood that Il does with coal.
The fact that coal must Be adopted a. the fuel on our
sea Ard railroads 10 now generally admitted, and u
only remains to DO seen what kind Of machine 10 best
adapted the work required The two engines built at
Taunton have given general satisfaction, and another
one, to b called the Taunton and designed for the
Reading and Pottsvie Railroad, Is to be finished next
week, while three more are in various stages Of con-
struction. The Cumberland win probably DO used on
the Worcester road. In the meantime A. s. Adams, the
master mschinist Of the Worcester road and man OF
great skull and ingenuity, engaged In building over the
wood freight engine Hec to be used for coal The pro
inent features TO be introduced into this engine
yet settled. Other eminent locomotive buaers
turning their attention to the subject and
fhall probably have variety of experiments tried TO
obtain coal machine every way adapted to our roads