New-York daily tribune., 1846-12-26
COMMERCIAL AND MONEY MATTERS.


The Stock Market adjourned on Thursday c's
to Saturday consequently we have no 1an'aetoEiii
report.
Business was entirely suspended today. W
have never seen 30 general Observance OF Cbrita
by closing of stores, &c.
In reference to the Michigan Central hailIOl I
we lind in tho Detroit rec Press these statements
"The receipts of the Central Railroad In this So
for the year ending the 3st of December lsio an'.'
| ed 10 S202 TAG 81. For eight months and t"ehEyT
days ending on the 22d OF September last, whel
road passed from the State into the possession o.
Central Railroad Company. the amount received ~
1868 7;s-beng an excess OF S3o,9lI 10 IN is'a
the portion Of the present year have named o,sE -
whole of last year. Add to this the sum Of sNW,
which IL ls estimated will be the receipts oi the ''
from September 80 10 Dec. 81, and IL shows On sIi'
over last year of Sl269l7 IL.
Up to the time the road was taken by the coEfsI
now owning 1t no additional motive power nsd nes
added TO the road and the great increase Is bD. ns d.
tural increase of business the line Though me 70
ncy received for freight sent from this city weIe' u
frat eight months and twenty-five days OF the Fts4
year was some $2J00. less than for the whole Of ~
year yet the amount received Tor freight broash -
the city during the time We have named, IN the pHsA
year exceeded the whole amount OF last year BY r
0i5 81 On the lst OF September the tolls on pfoS;a
We're reduced some - per cent and had It NOT Deen y
this reduction the amount would have been lncre+S
In the months Of September, October and sofehe
the greatest amount of produce Is brought 70 tha @
II will be observed that the greater portsn oil t1s ",
the road being in possession Of the company VINO fnD
no publication of their receipts Ia not incinceon
above but some estimate can be made OF the aie04
when the fact that the total amount Oh u's
| received ON the road during the month OF OctoDs
was about $4,000 Additional motive power hsa, so'
ever been previously procured and placed on
by the company q
At Buffalo the tightness in the money msiA
increases as the lst of January approaches, and ie
more paper offering ior ascount than for some wee
previous.
The amount coined at the Branch Mint u
lonega, at that place during the month oil Ho'ea'
VIVA $40 40; 2TOo half eagles, and 2256 quarter egg
In relation to the manner OF doing p''"'
business at the West, the Chicago Journal ssys'
"Lastyear wheat operators were enabled %
their purchases the strength Of letters ot cfees
ed from New. York Houses running Tor hYe, iuf
some cases eight months These were readily eSs. s
bankers Of this city. who threw them into "aa.~ 1
their necessities compelled them, or retaineo -
able TO command sufficient capital 70 sdvanee,
resorting 70 this mode of raising fnds. Ths Jesi
ever the credit OF Western produce merchant y -
good, and few, Il any OF our operators are - gr
tain those letters OF credit and what Is more - 1s
OF our bankers possess suthctency oi cspIEs %Ex
them as they could not get them disc'unNo ...,cs
v
at per cent per annum This year, prooas..
having six months To run Is negotiable 81 -
month, and oniy hs rery bes; al d1dt rate Inc ss1i
portion of this seasons whea, ia purchased .. ~. 81
credit at 20 days. When navigation closes lasL.t ~
Of raiTing funds closes also. and the gates are sl
At a recent meeting in Rockville, Tenn
portant report was presented touching the S0'.
and prospect Of the HIwassee Railroad. Tns -
which is 9s, miles long IA. been graded 10 he s''
III. ~
pended on the above work, including $4,000 iee =
cnt Indebtedness of the Company, Is Scoops %,
includes all expenditures for grading, surTsJh
iron salaries, &c. &c. There 3oi miles yet 'oe
the cost Of which with bridges, culverts, fon'
for single track completing the road, would -
a5ou, 500 900. There is ye, due on subscnps., '.,
Stock from the State and individuals S5s6Hb -,
would pay the debt and leave available fund :,
O00 TO be appropriated to the completion oil t0e
leaving only the sum OF 100000 to be proT'ce' =.
The committee very strongly recommend 'na1 ~
be resumed st the southern terminus. and tnas ~
be finished and put in operation as far as ins :.
the company will allow. The Hwassee Ra;ifes1 Z
link in the great chain which was to eon.us-
Cincinnati and Charleston Railroad" BY JIG =
and liberslity OF the State Of Georgia sy''i ,ss
roads has been completed, or Yery aeafH nj
unites the city of Charleston by Augusta WIZ :.
nessee river, near Roses Landing. The hak :,
that poin, and Knoxville, Tenn ia the hiws.se a
road The stock Of that company was saosei'Ds ss,
IL ten years since. Since then, it has gos ih'o
tea, and the work stopped. It is now hkeiy y ~
commenced and finished when more than nan
tre railroad distance from Cincinnati TO chAfe's'
be finished. ,as
a gentleman, sh0 hs, givsa 'eD'ias''s'' '''