New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1848-10-11
..,nnrRoIAL AND MONEY MATTERS

ocrHr1I<RCShh T-sH
&c, ,ei,s Of SOCKS, g. sea Fourth PcSe
TUESDAY,. October i0-PN
ST. market was active today, bat not
r,e,e j.s good deal doing in iances but
-. Do no, improve The sales oil Harlem Al the
g.s po.,d reached 300 shares and the market i'm
.,oy,d ver cent under il. sale OF s"VD OF inc
-, o.n was made At per Ct prem At buyers option
Y months
..,,v /. downward Bills Of good character range
70 a but bill. drswn against produce by houses
=, eel known, eel a. low As per cent
re- il considerable DOING in Frcishts and
-. ,,,e. are about a. before Three or four vessels
,.ken up Tor Ireland At I'D 10 direct port, and
',a,o cork and market TO Liverpool considerable
..-..c,,euts Of Flour made At = lidG2s ID in
go sod American bottoms. aud Al 81 Tor Grain
canon 3l6d To Glasgow Grain was taken AZ sGSld.
There Is no marked change IN the Money market.
IN cal loans are easily negotiated Al 6a7 per CT The
,.,s. are extending somewhat their discount lines
fr., cass paper s not very plenty in the street and Is
pa..sd al 100 y per Ct At Boston the Money market
,,.dusHy tigbtened ssi week and Saturday 1t was
,s stringent a. has been known tor year past An
important mercantile failure took place Saturday
The banks are discouuting spsrngly and paper in
STATE Il ia worth al per Ct per month.
On Saturday last there were a. clearances at
The Boston Custom House. larger number than
before cleared this port in one day OF this number
q we're Tor foreign ports.
A, Philadelphia the money market continues
10, and the street rate for paper rates high.
Al Cincinnati the Money market is easier and
GOOD paper is negotiated at fair rstes Exchange
plenty a, n per cent prem AZ 81 Louis Exchange
/. 4 per Ct. on the last and plenty
The Controller has given notice that the bills OF
he Farmers snd Mechanics Bank of OgdcDsburgh.
mus, BE- presented for redemption within two years
from August o. or the assets for their redemption will
be delivered up to the Bank.
The next Illinois Legislature will probably
have under its consideration banking law The
whole question OF banking is by the new Constitution,
e to the decision Of the Legislature but Banks
40 into operation until the law under which they
h.. been submitted 10 the People
The Concord Bank have declared a dividend OF
3. per cent. for the las, six months
The amount Of Duties on Imports collected at
Philadelphia during the month of September ls49,
compared with 1871, is as follows
Received in September. 26O9a9 Al 212O5l 10
Previous months. ............ XNl,4i ~ &l3IWl -
246247S u 2S6oo52 70
2.j50,Oj2 10
Decrease liz iels............s iO2,f2l ol
The following table shows the value Of the ox-
ports Of Merchandise from Boston TO Foreign Ports
during the week ending October
Domestic products For products
To Great Britain .............jb ibl % 1888 90
South America. so ~ ibb W
West lncies.............. 30 ~
Brush Proviuces.........l9,G 81 3l@ 90
To'al........ S9565i % S66s6 %
The value Of the exports Tor the corresponding
period last year as follows
Domestic Products OBSERVATION-DISCLOSURES. Sl7ign
Foreign PRODUCTS. o53H
specie .............'........ Nltp
Toia.........................S 2lIF0
The Baltimore and Susquehanna Railroad Co. to
have paid $1,000 OF interest due the state
Of Indiana making s5OOO0 paid this year. This sum
b. been paid from the earnings OF the road notwith
standing there falling of of $4,000 in the gross
receipts as compared with the year 1873.
The Receipts of the Michigan Central Railroad
for September, ls4s were $4,000
DO DO l-i1..----..---.-.4l,OO 900
Increase of receipts ISL 900 or - per ct
The Receipts OF the Madison and indianapolis Rail
road for September ls4s, were. $4,000
DO do l-i1..-....-...-.. 1000
Increase of receipts 1890. $1,000 OF 100 per Ct
Tho Michigan and Central Railroad has been opened
to Niles and the running TO that point This
leaves but . miles of staging st Joseph. The pas
sage is made from Detroit to Chicago in "A hours two
daily lines of stages arranged between Chicago and
Niles during the close of navigation.
The Railway bctwee Sandusky City and Gin
onnsii are said to be doing an immense business The
average amount OF wheat carried the road since
the 18th Augf is hushcls ner daV
The Appomatox Railroad running from Peters
burg to City Point has been relsd with heavy iron
and the trip of sixteen miles is now made in twenty
minutes
The Waterfowl aud Rome Railroad is about to
be pushed vigorously forward The road is ninety six
miles In length and careful surveys show that it be
made for . o0O0Oo half which has been subscribed in
Jefferson. County Experienced contractors from New
Ene'.n to be engaged in its construction.
ihere was a meeting on Monday OF the share and
holders of the schuylk Navigation Company the
object of which 10 agree upon something likely to
retrieve the Company from It's present endorsements
The propositions be submitted tor consideration were
something like these That the holders OF the loan OF
ISIS which amounts to about 81 100000 should agree
to commute the rate of IS per cent in new bonds
and p per stock at par This would reduce the
loan Of ls65 to about . 0JOOOO. The loan OF le6-,
which amounts to 81 6OO.Op. TO be commuted At the
rate OF % per aud so per cent in the shares Of the
Company at par. This would reduce that loan 10
eeO00O0 and lessen in the aggregate the Company :
Indebtedness So i5Oo0O- reducing the Compapys pre-
sent liabilities for loans from 100000 to something
less than five millions. some proposition to raise I'm
mediate means was 10 be- submitted. The two former
propositions were not acted upon, aud "a regards the
last was argued that the loan holders in the loans
OF less and o. would advance i've per cent IN money
Of the amounts they respectively held 10 be applied to
the relief OF the more pressing OF the Companys rs
biites. The Company ~ security for such advance,
assigning over certain OF their mortgage bonds and as
farther guarantee for the repayment OF such advance
W three years, give lien the Compsny's bosts &c
The interest on the loans OF ls65 aud Is of course
stand deferred until business the Canal increases or
until the managers Of rival companies come TO some
Arrangement
Within a twevemonth the Market value of
Reading Railroad shares has fallen from SIS to sii for
$50 paid being decline OF 60 per cent although the
finances Of the Company within tina, time have been
improved sixty days since the bonded debt of the
Company, amounting to ss,cooOoo, was reduced to
a. 900 600 by conversion OF nine tenths OF all the