New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-08-21

We noticed sometime since that bill in Chan
oery had been filed sgslnst the Reading Railroad by Mr.
Gould Of ,his City This bill subsequently with
drawn and another one filed by MIR Allen, OF which the
Bulstfn giyes The following synopsis
The bill says the Bulletin, prays for on Injunction to
,esraio the President aud Directors OF the Company
from ,suing bonds lees thnn their par value or rom
paving those or the interest upon them which have
sifesdy been 80 Issued the compisin.o' oecshg INC
whole 10 be- illegal The bill prays thaa dissolution OF
the Company be declared In co sequence OF s nsoi
yepcy and Receiver be appointed to take chsree
Of and close its concerns Among ne
The most serious 10 be- thatthe Company has now
in The hands OF the public chiefly for loans and usurous
rates Of Interest large amount OF bonds when were
created without authority OF law and Issued the te OF
making such loans bearing date severpl years before
their creation and of which record exists on the books
Of the Company and that half million OF these bonds
furnished by this Company were lent oy large opera
which the latter enabled 10 inhsts the stock OF the
Morris Canal Company II also alleges that the Compa
has on many occasions lents bonds TO large dealers 10
stocks supposed to be connected In business transactions
with come OF the Directors for purposes OF privatespecu
lason bonds having legal exist. nee, and manufac-
tured for the oe,ssion, put forth In almost unimnso
amounts and hypothec for money borrowed for the
accommodation Of the Company at rates OF interest va
rying from TO ~ per cent per month And mat TINS
sysem 10 stll continued notwilhstandine the immense
business of the Company The 100000 loan OF May LAST
which reported 10 have been effected at par when the
bonds OF the Company selling at about 10 per cent
Mr. Allen. In his bill, AYERS was nominsiy tsken AZ
par but with agreement on the part OF the Company
that they could get the Legislature at It's next session.
authorize them To sell their Bonds at discount then
the present issue Of 600 should stand at the rate
awhich they had originally agreed 10 sell hem nsmey
10 per ceut) and In the meantime no more than that
amount should be required of the lenders- The Read
Ing Railroad Company 10 required to enter an appear
snce before the hrst Monday In september, and
file their the bill before the fret Mon
day In October next These allegations may be real,
and made with determination of prosecuting the com
plant TO Judgment and they may be only raised for the
purpose Of fnrherng the views OF stock spectators In
depressing the credit OF the Company.
Enthusiastically reported foy TIE Tribune.
FRrpAy August 20.
AsHEs-Tbe sales today are moderate and prices
are without change sod to extent q, - l2i
and Pearls nj o.. Same holders are asking more.
COrTON--The sales Yesterday were larger than we
reported some sales having been made late in the day
The transactions about 500 bales showing de-
cline of shout tc per ID The sales to-day are moderate
far made public and the market 10 snl rsther IN
favor of tho buyer. Holders meet the demand freely.
FLoUR AND MEAL-The market opened this morn
ing with good inquiry from the trade and considers
bic drmncss the part OF holders Some sales were
made al s. as 80 for Ohio and Michigan - oO 10,
Osveso And IS 6el e5 IS for Genesee. The demand
the close aud holders were enabled 10
advance the to 8 50d 62i for Michigan and O
wego; IS 1915 sit for Genesee, fresh oIsnds. Inc
sales reach about 5000 bbls nearly al OF which was ior
the homo trade There were s0me English orders In
market but they cannot be executed NJ present rss
The supply Of iresh Flour Ia moderate. Among the
sales 500 to 600 bbls fancy OHIO 90 70 some
sFros,'s Extra" aud "POwells Extra" at - %, all
made from new Southern Wheat; and Beaumont
Bolnysworth Extra Pastry" al $6 -, nov held nrm AZ
~ 50. This is 8 now brand OF Flour rom OHIO, OF
ed and manufactured by practical miiers In the very
perfection OF the art II 10 unexceled 10 color aod
strength and is Manufactured with ga express view 20
the wants OF bakers aud shippers 10 warm cltmstcs II
well calculated for bakers here, and II IL believed viii
retain sweetness and color In the s'tudes OF South
America ~ well as the Richmond brands, wnlch nave
IL rkafa In Gatllh
ERR there is but little doing. Baltimore can be bought
0$5 10 Meal is 81 so with sales 500 ebis Saes 80
bbis Rye Flour at 81 l2i.
GRAlN--For Wheat there Is some Inquiry aud the
market 10 not nrm sales loo bushels Gcnesee Whit"
1t 1875 and 600 bushels red Western at about 100 cts
For Corn the inquiry large and the market very
oucyant Prices vent up nearly 10 the point they stood
al before The steamer arrived The sales reach 600
bashsls at 70d76 for Mixed n Tor fat Yellow. The
market closed arm 81 7sc for Mixed Rye and
wanted ssle OF 800 bushels made at 81. In
Barley posbing doing Oats are In very small suppy
and ressn At s505S cts. New cell At 50 cts sale OF
IT'S bills Peas and Beans was made 3, s7t cts
WHlskY-About go bbls Ohio have been sod Al N a
a7i eta state Prison 10 held at y c,G
= PRovlsloNs-Ip Pork md Beef there Is nothing of
Importance doing The transactions are only for the
wsa,s Of the trade. sale Of 100 bols thin Mess
nsas at5 10 Picked Meats Wa hear Of saie Of $50
bss Hama ct cts Sales OF 100 tee Smoked Hsns
were made st l0a % n cts Lard was In good demand
ssd ws hear of sales 900 Ibis l09ot and 600 kegs
ailt cts Butter and Cheese continue In good demsnd
frm :.
GRoCERlEs-There Is no change In the sugar Mar
Act sales are being made " faE extent Of the vs-
deserpsioDs which include 400 bids Cuba - 1os
~ Porto Rico "a OH i25 81 CroiS sesi Ao boxes
srcvns 6ia1t .Mossses continues hfm. tas oes'
ssserpuons arc scarce and wanted aud the lea o's Id
market holders are DOT disposcd 10 oder uness sihieher
tsures Accounts from thu West Indies represen, tho
crop having gone forward which would leave us win
"a extremely sht stock In this and the Esstern ports for
Mo Autumn trade particularly for Porto Rice 81 Croa
sed hasesssdoes. Good Porto Rcos are held a. $40 20
" While sons common grades are sold al Sii 81
@ hhds Nuevilss At 36c; Sweet Cuba 10 selling freely
S9xc.- -. Coffee 10 very dTm At the advance 500
sss Brazil sold At "a a7i 500Jsva sc l00do, 81 400
sssnsrs "a 100 81 Domingo. 6ia6i; 800 hsrsesioe'
"est; 800 Lssusyrs. n.
sEEDS-A sais l5o bels Clover was made al "a cts.
saee s s<ssr and 1000 oushels Flaxssed on private
Hrus. TAs market y u <04l IS. 4
NAVAL sToREs-Ths sale Of l. 600 bills Crude Tur-
eass before rspolsd 4 ssd 70 have been sOd II g.