New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1848-12-09
COMMERCIAL AND MONEY MATTERS
~ 80. q Soct,. b 81 faAtlh p.

FRIDAY. December s-P.M
The Gold fever was strong in the stock market
o. day aud this or other influence carried the
quotations up for al descriptions The iances At the
second Board were very buoyant Treasury Notes after
the Board sold at per cent which nearly 5per cent
improvement, from the lowest point 1heimproyoment
OF the last Tow days has alarmed the shors aud they
arc buying in their stocks.
Ia Exchange there is nothing of importance DO
ing Sterling in he absence OF transactions s quoted
at sasl, Francs 81; e525
There is rather more activity in Freiehts, and
rates are firm To Liverpool several engagements OF
Cotton have been made at 5'l2d 1900 or 5000 bbls
flour auG Meal 81 Is lnd In British "a in American
p 900 bushels Corn "a Heavy Freight 23d3os. To
ayre the packet Of the 10Th ia full At ic for Cotton
To Antwerp Pimento was taken at cts per r..
vessel was taken up for Corn at sd per busheL
The Money market continues to work easier, and
strictly frstcass paper has sold at per cent On
good colsterss loans easily negotiated CAPT eiss
are not quite choice in securities as they were and
fancy stocks are much more easily placed
The street has been to-day good deal excited
upon the California gold discoveries which have slmos,
exclusively the topic Of conversation With but little
allowance the stories of the extent Of the findings are
believed and much speculation has been had as 10 the
eject Of such infusion Of the precious metal into the
currency OF the country. The opinion was general that
would considerable advance in the value OF all
kinds of property II must, however, be remembered
that the growth Of the population and business Of the
country is immense and that large increase OF cur
cncy absolutely necessary every year TO carry on the
commercial operations of the country. Should there be
a very large aud rapid increase to the amOuntoi bullion
there would probably be such advance in the value
of property is anticipated, but moderate amount
say twenty millions per annum, might be absorbed by
the rapidly increasing business of the country, without
causing any marked revulsion in prices. When the
Russians made the discoveries Of immense gold depo
SITS in the Ural Mountains. the apprehensions
were in England in regard TO the effects OF such pen
uulness Of gold, but these apprehensions have been
proved be groundless The Bank Of England has no
surplus OF bullion in her vaults. A very intelligent
officer OF the Navy, who has been recently over the
tire gold region OF California for the purpose OF
aiming the matter thoroughly stated to-day that by
the month Of March shall be receiving from cafor-
MIA three millions per month in gold This officer him
self has considerable quantity Of the gold, which has
reached New Orleans, and other large amounts be
knows to be on the way he Mszstlan correspondent
OF Messrs Rowland & Aspinwsn, writes that $4,000
worth OF gold has been received there which has been
asayod and proved Do - TO 3 carsts hne which is
As near as may be pure gold too pure for coming or
mechanical purposes This fact sets At rest the doubts
| about the senuineness OF the metal Under the cir
cusstances the establishment of the Pacific mail line
OF steamships connection with the line hence TO Cha
rrcs is most fortunate happening sst gives regular
and rapid communication with the states by which
gold can be sent home in thirty dsys and merchandise
received In return But for this connection the
uncalon with the States would only hsve taken place
by the tedious uncertain and unsafe routes OF Cape
Horn or the Plains TO 81 Louis The gold will
come across the l.thmus Of Panama aud by steam
thence 10 New.Nork The rush OF gold hunters - the
mines is very large The John Benson, which sailed TO
d.y Tor Chasres, WAS crowded with passengers, die
placing freight to make room tor them. The Falcon
which sailed few days ago, took large number snd
one Of the liverp packet owners has D; IN conem
platoon TO put packet ship in between New York and
Chseres The California steamer, which ieayes The
Pacific side Of the lsthnus the 5th Of January for
san Francisco. will probably have over one hundred
passengers. The only calculated on twenty IN
making the es,nse for the line Altogether this IS the
great excitement Of the day.
The Mechanics Banking Association have de-
clsrcd q semsnnua dividend OF 81 per cent
The Boston and Worcester Railroad give
notice that those stockholders who wish entitled
20 subscribe 20 share OF the stock OF the Com
pany for every fourteen they now hold Stockholders
in this City have their Subscriptions forwarded
application st the ofsce OF winslow & Perkins .
wallst
The Second Annual Report O; the Pennsy vsnis
Railroad formerly called the Central. has been made.
and the statements made by the Directors are very
satisfactory 10 zoe stockholders The report states
hat the amount received from inssalmen,s paid ia
............ 81 6s3 no %
Of which their has been expended 1850. l,lo-s9 81
Leaving d balance .--.-..--.---.--. 9l9it0 90
Iustslrn, uts 10 BE- collected. lo~Vuvp %
Fund. for the prosecution Of the work. s2OS44o 81
The estims,s Of the whole road, graded for double
track and single track laid including road over the
mountains depots locomotives, cars &c Is silliouVO
This estimate is for the heaviest trade But TO make
the road available 10 the trade Of the country Tor the
entire distance the whole expenditure Is estimated Al
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