New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-06-28
STEAMER NORTH STAR. June IA.

The propeller Napoleon has on board about 100 tuns
of copper for the Cliff Mine. This is the first cargo
shipped through the canal for ports below"
In regard to the traffic of the Cleveland and Pitts
burgh Road, The WelisvRe Ohio Patriot Of the 10th
says;
1.-THE increasing activity daily perceptble in the
freight traffic over this Road ia web calculated to i'm
part increased confidence TO holders OF stock as per-
manent investment. In fact, we know OF no railroad
investment at the low figures ruling for its securities,
that offers such inducements to capitalists the stock
of LIST and 2d Mortgage Bonds of the Cleveland and
Pittsburgh Railroad Company.
THE prospect of bouniful harvest up to the pres
ent time was never more encouraging. large crop OF
cereals will give the ,ruuk-roads at the West larger
amount of business than at any former period and from
increased earnings, furnish the means Tor relieving
many Companies from financial difficulties. Oar own
is of this class; and notwithstanding ts nnances
last year were so crippled TO make II necessary to
abandon for time, the completion OF both OF the
lower extensions possesses according to our view nut
tural advantages superior TO any road OF It's length
west of tho Aeghauies Ii is from Coal alone II has
the opportunity double its whole earnings as COM
pared with those of last year.
1.-THE lower end of the road, or that part running
from Alance-he point of intersection with the Ohio
and PENNSYLVANIA Raroad-to Wellsvlle, the present
terminus on the Ohio River, passes through fine,
healthy, agricultural valley rich in COAL iroa ore hre
clay limestone and salt springs possessing at the same
time every other element to sustain large popaa-
ton.
compared with the upper section from Alliance to
Cleveland, has been regarded with Indifference as
also the very interest that will ultimately prove the
resurrection Of the stock from its present low price.
We feel safe in assertion that in less then tco years
its capacity for earnings from coal alone will more
than double the north line from every other source,
provided the Company willing and have the abii-
~ to furnish the equipsge'
The Patriot estimates the coal trade at 200 tuns
q day or 800, 600 tuns y snnum.
The freight on this quantity OF coal would accord
ing TO the present tariff amount TO $50 10000 4s6 81
more than the total receipts from all sources for
the fiscal year of 1854. II has long since been pre-
dicted that the means for transportation OF coal over
the road would fall far short of the actual wants of the
several coal interests and we daily hear complaints
that this fear is already realized. During the past
month much inconvenience has been felt and az times
not more than one half Of the required for the
coal mined could be furnished along the line OF the
different works The Yellow Creek Coal Fields, to-
Cether with those on the Tusoarawas Valley aud the
coal freghts sent over the road from Pittsburgh and
Cumberland as soon the read furnish the means
for transportation and suitable place to deposit Ii at
Cleveland can send TO the Lake coal enough to pro-
duce an income to the road Of $500 900 annum for
the next five years