New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1848-12-16
COMMERCIAL amp MONEY MATTE

There was good deal OF bloyancy in most Of
the isnces 20 isy. and Ia descriptions. Harlem
and Long slsni especially there was q large advance
The bears were decidedly under the harrow They
have been selling hort. and borrowing stock and hsy
ing the market their way ior some time past and
now this sudden OF tho market fnd many Of them
/ short ~ very low prices foe improvement in Long
ssni Is the result OF heavy purchascs the part o.
capitalists who vslue IN H. sDd who believing Il to
be the shortest route 10 Boston after the New Ia
ven Road 8 opened, have confidence that i' sni
will under the management now - pro De- made the
fav0rire day route between the cites and ,ha, Il
will command remuneraive share Of tics travel The
penriuuess OF money, aud the facility with which
fancy stocks placed has considerable influence upon
toe market aud the Csiiornis gold stories ndgc n,
the belief tina, there b, great advance in the val
OF All kinds OF property has drawn In large amount
| OF outside speculation reaction msy naturally be
looked for-suoh Is the invsnable course q the Stock
marset-but this risa looks more healthy than such
rapid advances usually DO partly becsuse many OF the
stocks below their real value and partly hecsuse
toe condition Of the country improving rapdywh
no Mexican war a Whg Administration a. hsni
and scres OF gold dust ready for the digging
| In Exchanges there is nothing pew 20 remark
Sterling quiet a, sd.; for good names Francs ~
as 25
Frerhts are steady. Cotton was engaged at
532ia3l6d. Flou- and Meal 1000 or 90 bbl', ats,
10000 bushels Corn. 6ia7d, tho former IN British
Heavy Freight, 25s 300 bbI' Bacon 2js Engagements
of Cotton made 10 Bremen .c, aud Rice It 80.
Cotton ii to Antwerp, J0s for Ashes and u.s. for Rice
Several vessels taken up for California including
the Marietta At 81 O0O the sabins &c
The sub-Treasury now contains but little over
| . lf,o f, -. y,ar b.v. 49,.
| A gentleman who has Just arrived from Panama
states that there elk thousand persons there ~hea
he lett waiting for conveyance TO San francisco Tins
Ia the difficulty We had feared Undoubtedly the
amount is slin larger now. Probably. however wheu
the fact become. known ths, 90 large quantity Of pas
'engers waiting a, Panama that port will be sought
BY large number Of ships which have been nay eating
the Pacific, including some OF the English steamer,
which ply between Valparaiso and callso and other
Northern ports
telegraphic dispatch from e.. LOUIS statss
that large quantity Of Cshforni. gold hs. beea re-.
| ceiyed overland at -, Josephs The golden shosers
certainly beginning TO descend upon the Atlantic coast
We must all hold up our pa,,ers.
w alluded, day two since, 10 al orgsnizs.
ton here for the purpose OF establishing a Railroad
communication between the shores Of the Cont.
nent at the sthmus OF Panama We understand
that there is another scheme foot effect the
Object which is believed 10 possess advantages
over the Panama project some Of sading capital
iss have the matter under consideration aud meet
ing will be held in few dsys Tor the purpose Of ds
Gliding upon what action shall be taken. very favor
able grant from the Mexican Government j. IN the
hands Of several American gentlemen. for openings
ship Canal or building Railroad the Isthmns n
fehusntepec. The route has been carefully surveyed
by intelligent engineer aud found to De perfectly
feasible The grant 10 Tor nifty years, and be
tended 10 any reasonable time The distance scros
the lshmus IS about 100 miles Of which 90 or 80 mag
be nsygated, by the River Coatzscoal.ss, and wh
ensrging OF the channel the river may be- used
for still greater distance. On the Pacific side tso
large lakes called Lakes Superior aud Interior, set In
some distance thus reducing the number Of miles 70 BE-
eanalled very materially. The cost Of Snip Csnsl
the lsthmus has been estimated shout twelve
millions Of dollars and II IL believed that Il would
yield per snnum, from transit dutes three snd
half millions sale Of lands &c. two hundred sad
nifty thousand timber mahogany &c million asd
a half other produce half a million, making To-
t4l Of i've aud three quarter millions Of dollars, or
nearly fifty per cent on the outlay from which The
repairs and management, Of the Canal must De 90
dueed Tne above estimate appears to BE- very lsrg'
and important deductions might made snd stl esss
very profitable business. The territories sssignsd
under the grant oecnpy Ia Of % NJ xcan cages
10 length by - 10 breadth, giving 40 square eagss
equal 10 hge millions Of acres These lsId. coverss
with forests Of mahogany and other fancy woods. dye
woods hr, and cedar. and other building timber
70 incscaable value, almost usalsss from he
difficulty Of getting them - market The I,thua.s
slso rich Ia coal mines sal, The state OF Oascsn
which the canal would terminate Is one of the rcssss
gold countries In Mexico ard the lands held Under
the grant and believed 10 be rich In thls mDssS
Il % confidently believed that al ships from the Uned
England. France, Spain, Netherlands &c &c eoerd
round either Cape Good Hope or Cope Horn you'd
make use Of this Canal instead Of taxing long sld
dangerous route At presen, necessary. The 'ssas o
time insurance, interest wages Sc. - BE- msde BY nh
Ing This route would be very great, and ensoe hP
owners 20 pay remuners,ire toll for passing throots
the Canal Il IS estimated ina, million snd ban
tons Of shipping would annually pa's this csn,l
which At toll Of two dollars per ton would yes
three millions OF dollars As long ago - lsn
million and quarter Of went rouSi ias apps
The rou,e from the Unltad states EIr0gs Chsns
would be nearly four Thousand miles shorter fhsn
the usual route around the Csqa u Good Hps, rone
vhsler. and other ships cav eating the Pseifc ~oah
reduce their voyages o8t snd home from eight Or n
months 20 three BY Vking This OF course ar
can be 20 difference of opinion % the nanen'e ~
portsncs Of water communication Or hAihoA' -
tween the two siiss Of the Continent Ts' ms
smiited for centuries. The important poin's'o -
upon he most feasible locsy and to o5i.lS me
l. cor.truc, the work We have seen no 'af'I
the ls,hmu. OF Panama but the sdVsntase' ei.i~sT
the fri-nd. OF the project for piercing the cosnns'
Tshuan,spec are the favorable nsture OF the s.as
v.ae Of the lands under IT. the moderate dinea'nsr
.en,ed by the nature Of the ground the hea'nA 80.
the climate. and the comparative nesrnsss o. ,-
rnu. 70 the United st4iss The point Of ns" -
one Of Erss, importance. By this rcee ~,
Nswo Orleans ssula b b hs PseaAs = s"ss''