New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1846-10-31
counERc1AL AND MONEY MATTERS.
For Sale, Of ssoete e., sc Fourth Page.
FHIDAY. 7. !


For Sales Of Stoetc, &c. see Fourth Page
FRIDAY, P. NJ
The Stock Market was buoyant today, and .he
fancies improved especially Norwich and worces;cr,
which wen, up to 64i. Harlem wss also better.
There has been more active business in Bills
10 day the low rates having brought buyer. into mar
ket Rates were trae irmcr. Sterling City Bills "a
y, Southern G. az Francs $3.50 aJf35 Guilders 33Ie
80; Marks Banco a. 035; Rix Dollars 77iaTe
The market for Freights remains in the same
active state before noticed. The Ashland taken
up for Liverpool and vessel 3d for Grain Lon
dondery Flour is freely offering 3s 3d. and an en-
gssement reported at Cd
The Directors of she Sun Mutual Insurance Co
have resolved to pay Of their scrip any portion
oft, until their accumulation reach million
The Bank fthe state OF New York has declared
dividend Of three per cent for the las, months
able on the IOth of November.
Mr. Charles Butler has issued n Circular To the
Indiana Bond holders, accompanied with form of sub.
scpton to be filled up end returned by those who be-
come subscribers to the loan of $4,000 for completing
the Canal We learn that the Bond holders In this City
are very generally subscrbcrs ANY holders who have
not recesed the Circular can have one forwarded oy
sending their address to Mr. Butter
The property proposed TO be assigned 10 Trustees by
the Legislature for completing the Canal the Ohio
River, Is estimated a under, VIZ
Estimated value Of lands donated by Congress adjoining
end in the vicinity Of the Canal, for the speci.
nc purpose OF finishing that work, sold and in
sold $4,000 acres 81 4gs qg-
Net tolls Of the finished part Of the Canal during
the 2cxt four years, estimated. 647 90
Total -..-.......--.--.......$3O 56 49s
The Canal is now finished from Toledo Ohio. on l. axe
Erie TO Covngton Ind 255 miles OF which Ia belong
20 the State OF Indiana 200 miles unfinished or which
about sl3OOoO0 have been already expended by the
state. The estimated cost Of finishing the Canal is
-s2oloOo aud responsible persons have proposed TO
take the contract for tho entire work within the est
mate.
The returns from so Counties of the state show an in
creased sppraisenent of taxables TO the amour, of
s2,2OOOOo
inc revenue since Nov LIST has been s2o3 79i
Current Fun DIS .-.. IN 40,
Treasury Notes Si22 $50
ne .os on the Wabash and Erie Canal to the close of
SP. nave peen S7292t %
''aihc unie last sesso 5lI57 20
Excess in 1876, ee qal to 40 per CENT s2I. 757 %
me increase IN october will reach 50 per cent.
oh the nth d. ~ Of March 1916, the Directors Of
the motifs Canal presented Stockholders the then
eo"diuoh oil the Company its Indebtedness the amount
u money reqm' ed 10 put the Canal nayigable cond
on anu he pr cspcc,s TO the profits derived from
.he WORK In that report it stated that the sum OF
s2o'9ho 10 ss required pay the debt then owing by
Tue Co'hpan i and to put the Canal in condition to
uaiispoit% Coco tons OF Co0l and yield revenue
VI s''ooV dortng tho senson Of l5f6. Only $4,000 OF
tue sum Tqurcd was raiscd and consequently the Ca
is nus bcs'n h-rey put in working order and the cx.
Pecla s ss to the profits from the tolls have not been
feh sed, as it was impossible with the means furnished
70 pnt the work in condition to transport more than
o hehfth of the Conl estimated in the report of March
10, 1876 The completion of the Canal from Newark to
Jersey City suspended for the There has
been trade the entire Canal. Tons
The business of the Canal thus far has been Coal
Other freight $4,000
Total 5000
The tolls on which have been Si0250
The planes and locks so dilapidated that the
Genial cannot DO used another season. aud unless the
stockholders come forward and provide the means 20
relieve the Company from its present embarrassment
the sale of the Canal under the mortgage inevitable
The Company will not at the end OF tho navgablc
son have money enough on hand preserve the work
from damage during the Winter and the boats and all
the property not under mortgage must be cold pay
the pressing demands According TO the estimate OF the
Engineer S25O0OO wanted for the permanent, improve
ment OF tho Canal and TO furnish sutcicn, number of
boats The present unfundcd indebtedness OF the Com.
pany is $4,000 the funded debt 100000 The amount
of money required to be raised 100000 The Com.
paDy have now ON hand bonds amounting To $500 400
and they have no TO raise the sum required OK.
ccpt by these bonds.
The Directors have made every effort their power
TO negotiate the balance OF the bonds without
suggested that an application be made to the Lcgis
allure TO reduce the number of Directors the lcas,
practicable number not less than seven. We under.
stand that in the stockholders do agree to sell
10000 shares ST. those who will advance the money
needed there are other parties ready to do the same
thing on better terms
Livingston & Wells have forwarded hence with.
in few days, 100000 in Specie for the Canada Banks
The Carksville TENN Insurance and Trust Co,
declared their scmi.annua dividend in September,
33i per cent on the capital stock paid in
Markets.. Carefully repor,ecsfor The Tribune.
FRIDAY. Oct. 10.