The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-04-11


Mr.. Detmoid has resigned the Office Of President
If the New Jersey Zinc Company. Mr.. Won. Redmond
has been appointed to act President pro t and Mr.
A. P. rillot "a Treasurer.
The receipts Of the Pennsyvsnia and Ohio Railroad
Company for the month Of March last wsre from pas
sergers $50 $40, and from freight 471-togs her,
sos l against e96 479 for the month Of March, 1855
Increase Tor the mont h, $751; This Is handsome
ADVANCE and the encouraging from the fact that
it h in spite CT the severe winter that has much
closgd every branch Of trade and business.
Tho Httsburg Post Of Tuesday says
1t stated unque tionaoe authority that tho Glove
land snd Maho. ing Railroad Company and the North
western Railroad Company have CONSOLIDATED the two
companies into one This arrangsus mt asut 90 the
peuon OF the entiee fro BAirsv lie to Cleveland,
and When oampletea, forms the most werful compeh
tor for the Western and western business through
Pittsburg that any imaginable oom oinAon could efec
In auding to this srrang smsnt the Pttsbarg Register
This cor oscillation helps to ooosummate one Of the
moot magnificent railroad sohswes In The world reach
York CRY by continuous track the four feet eighs
ard half inch gauge The Rock Island road to Chicago
vision Of the Cleveland and Toledo road to
MahonDg and North ern and Reading roads TO the
east Of Once open tie line Is left to the North, add
the two New York roads met most powerful COM
petor Cars be loaded In Jersey aud 60 through
to Rock lsiaId, and ase resa. without changa such
route has bsea long but the stringent
times somewha. ,ppled ths various lines tbs eAss Of
qs VIII oh form links in great chain. Nov that
the yor. Is 7: go Or, with the promise that speedy
complexion will follow, ia cause fT graduation.
The Nationd, Lnte1eencer publishes . statement which
1t says furnished Intelligent dealer in warrants
from which We extract tbs following
The demand for warrants for Immediate location for the
last Twelve month"; has been unprecedented far exceed
ing the his hest estimates Of tho ssgaoious
Hence the trade has bee me OF mmeose magnitude and
been embarked In BY large capitalists In every section OF
When the department ,mmen sed issuing warrants I'M.
der the ~, Of the Sd Of 1855 1t supposed tnst
prices would commence It tom 81 to 81 05 psr acre
instead OF that prices from the cement range1
from u 10 to II Is per acre. varying but lit until
SUDDEN and unexpected psnic eeoved in November
per The for locating having, IS was sup.
posed nearly ex,ed it predio ed that prices you'd
not ae~n rally bu, would f4 stu lover. All lhe,s pre-
dclions however, have aist, Prices worry started
upward and such the demand throu the
that rates con inusd T. vance uni 81 % per
l10s, and 81 IA or 1t0s and sos was freely given.
1hsse pssd up 70 the 18th and 10 Of last
month"; at which time . sudden and DexpeJtsd dec Inc
Uoa Ne. s1a rom 81 q to
81 O6 per for 1905 and $685. AID this city 81 oa
for ZOOS, and 81 0S for 1908 and sos.
evicent from the deve opemsns brought to view
and growing out of the pants in Move nbe As and the
facts that prese0. themselves 70 every careful
that there no leg Innate cause for the present
panic ard heavy dechne in warrants. Is only the
suit Cf bought about dou oess by spesu
lations. II the demand during tas winter su sisat
70 nsome the supply aid fully matnatn ths highest
figures, what must be the ruling lring the most
favorable for locston opening upon us' shs
demand must increase. aud, IS . conseque prcsd
mcst up. large number n private iadividuss are
Airesdy upon the market buying largely for immsdists
location, the companies bei organized in various
parts of the country for tne OF iavesng largo
SUES Of money In ~arrsn for the same purpose.
rhs NUN Der Of warrants that have been issued from
tae department the &c. OF the % OF March, 1856
ia 0O0 These Ia We been pay to tho VII,
have previously obtained wArians for forty eighty
whose clsi ps there ore presented diouj
ties or the 240 COO claims s,nted ABOUT ITO 00O
been examined leaving only 600 bs sted Def
the whole numoe Ei nave been eithsr allowed
pended. OF this unber from Is 900 10 20 COO v Pc
baby be susp ended; 90 that witnn . lew months
rants only Issue in that sndsd
for fur her p-oof These require mush
and time alton and me issue from he depart
viii decrease from third to halt. Tue
ply therefore tor the pre%en yea, cannot bs equal t,
the last This p,eseat supply OF v1Trents vii conse
quently be exhausted wlthou. the possibility OF It's
again occurring; and should I, De more than the
usual demand prices must higher than they hsva ever
done,