The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-05-16

FOR many months the leading railway stacks q ma
worm ad West have been left 70 the mercy the jobbers
va" street. The public have NOT, as general rule,
''u INC s'ocks ney hold but with prudence based ON
severe experience they have not increased their railway
inves'men's rnere were many causes--besides tho
prejudice exating against railway stocts-or.r..u~
70 prevent outside purchase The earninxs n
the leading roads since New Year have not
been - good - they were during tho same period OF
1865, owing 70 the low price Of breadsus and tho mar
tia failure Of the crop OF last year. The four leading
roads Of the West have been carrying ess com
petition for freight and ngersdong business for
less than 1t cost them. While these things were %, it
hardly reasonable 70 expect general revival of con-
fderce in railways.
may be hoped, however, that both Of these adverse
have ceased 70 operate Ga Friday the four lead
ing roads agreed upon compromise which only nov
awaits the sanction Of the New York Central Board.
There every 70 believe that all will henceforth
charge paying rates for freight and passengers This
month, all the Western roads with perhaps o. two
exceptions will show Improvement last May; and
June and July will do still better.
It may therefore be expected that more money will
como into Wall street for investment during shs next
month or two than has been the for some me aad
that the depression and stagnaon Of the past eighteen
months are destined to give way presently, u an old
fashioned period Of excitement and speculation.
We have recorded from day 70 day nens con-
nected with the rival lines to California So1s days ago
scheme was set on foot for the Of vAodepts
entire steam navy, for sum Of s., 500 000 The our
chasers were to be new company in which Msssrs
Moses Tay lor Aspawa Dan Drew and other prominent
steamboat 70 be interested. They pay
the Commodore 81, LEO 900 In money and 100000 in
bonds Up 10 the present time the project has been
realized is understood that Of the lesdeg parties
In the proposed company has Withdrawn, and that the
others endeavorng with small hopes OF success
persuade the Commodore to take their company
and less money. The Pacific Mail Company have nos de-
cared their spring dividend 1t is expected they viii DO
30 this week. large sun OF money rs hand, applca
BILE to dividends Nothing further has TRANSFERRED with
regard 80 toe mail contract Mr. Jchnson successful
bidder, that for sale and
that he s backed by wealthy people. How his
10 20 De recoociei with the promise OF to- "a
sustain the Yeigerton grant snst the NicsrAguap
thortes-which Ne published ago-it no, cosy
70 determine Panama Railway SIX per cen. on
the Of Mr. Littles failure. recovered five per
day. The money the next aisidend has
been some time on hand.
controversy going in reference to the affairs OF
the Ia Crosse and Milwaukee Railroad. We NOT intend
TO into the merits Of the Every question of this
kind has sides-which ia right do pretend 70
say. But those who feel the matter will be
glad to read The information the subject which they
Will find in another column. q Of some importance 70
the stockholders.
The condition OF the banks Of Portland, Maine, on the
eth OF uaycb WA AZ folIo~s.-