New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1848-03-18
COMMERCIAL AND MONEY MATTHIAS
Be- sa'p II srse'', sc 90. Fosr,s Peg.


FsIpAr. 7. Nj
Tho market ipr Sticks was rather heavy to day
At the Fiat Board but there was aserwara eoDdersbc
excitement IA Harlem snd after the Second B1afi sales
were msse Ia the street high S1i advance Of y
ref cent STAGE The opening sale oths mornos In other
tAaeios ihsie wuuoi much movement Treasury Notes
sold Al per cent aud are hrm at th., dsare.
The Exchange market is dull and the tendency
Is downward. Sale, Of good Sterling hzys been made al
PET cent sad hfsolsss bills have sold siu9 per
Francs 5.70A2i The for the dulpess Of the
ss<sY Of moaey which checks remit;ances
In Freights there is not much movement Some
cotton engaged At 5ledid and some provisions at
l5a@.
The large sale Of Corporation property which
hiss been held Tor the three days has been very LARGELY
attended end he prices considered - be equal 10 any
obtained ioT years past The number Of lots
large and the bids 10 the close were spirited.
There i. no marked change IA The Money mar.
ket Some parties consider It little easier while Others
lock upon to Gay being TIE stringent for ons
time The Bankssr- hghtng for specie and will
themselves dollar meanwhile they losip their de-
posts ssthei customer investing in psper and loans
on Treasury Notes at per cent
| We are again requested TO ask why the Mo
hawk aud Hudson Railroad does not declare dividend
1t hss earned large and the stockholders who have
.
/ thing more substentsl
The Mutual Insurance COMPANY Of Rochester
declared dividend Of 81 per cent on the premium on
policies In force on the let Of Februsry.
/ The Agent Of the sale Of the Bonds Of the New
York and Erie Rarosd Mr.. EdmoDds sdverses for pro-
posas for $4,000, being portion Of the three millions
authorized by the Legislature.
These Bonds issued in favor Of The State Of New
York are registered 10 the office Of the Secretary Of State
and ffst lien upon ali the property Of the Company
and will be assigned by The Comptroller TO the parties
The Bonds are issusd % .urns Of 900 each payable in
twenty years from the fret day Of July last ana bear In
pons attached the Bonds The interest from the date OF
sssnmen to the l4th day Of May 1881 i'reqared BY law
10 be depoted with the Controller md will be paid 70
the bonohoders by him, in the City Of NewYok as it be-
| comes due
No bid below Par will be received
The Injunction obtained by Joshua Doughty, Esq
sgsinst the Sonerve and Esston Railroad Company hal
been recently dssoved sad appeal has been made to the
Court OF Errors pending which order granted By
the Chancellor prevent the Company from taking pos
session Of the lsud
The subject of the Pacific X abroad has been be
fore the Committee on Railway. and Canals Of the Msssa
chusetts legislature
| A bill has been under discussion in the Masachu
Legislature the capital Of the Western
Road s5OoOOoo The purposes for which this increase
| was needed as follows
30 miles I'd track at ( 0o0 per $3.50 00
New freight house at East Albany. 10000
Branch 70 Southbrdge ....................... HCN'
u 20.ton engines at e8Ooo............... x4t~
400 freight cas- at l5eg'
SiukiJg fund for 5000
New and enlarged depos at Springfield and Pittd $1,000
| Totsl.......................... 454 co.
This amount the Directors propose TO expend in 1919
aud serwsrd TO complete the second track distance
a miles $4,000 mile, ~ 100000 more-m8k1ng al
aggregate Of S5,3s4o00 The Company has already al
pended surplus Of sl6O Ct the increased capita
granted the last session Of the Legsstureso that
the ex pendures above mentioned, only s22lSoOO Of th
900 900 asked for will he consumed and there VIII
left the directors calculate S782 for future increas
Of engines and and enlargement Of depots and 70
| payments into the sinking fund.
The Senate evinced disinc nation to give such
tended POWER this Corporation and amend
cd The bill giving power to increase 81 100000 The bill
| was then passed.
The ~ o. Times says that the Governor of Lou
sana has announced the Senate Of that State the fac
that without any funds being required from the publ
Treasury nothing required for the resumption
payment Of the obligations Of the State for the Proper
BaLks or otherwise than such intervention OF the lie
gislatufs as may enable the Citizens Bank OF Louisiana
and the Association of the Planters Of Louis
lana to complete the negotiations pending between
these Institutions and the holders Of the Bonds issued b.
In ls43 according TO the Tressurers Report there
outstanding bonds and promissory notes OF the state un
der the head OF the Debt prop.r 70 the amount OF 60 10
And for the Property, Banks and Municipal -
Ie9o99<
Total in ls4S.: szSiso7 s2
The amount Of debt Of all kinds in January l8i8, -
as per Auditors Report, was.............. IiZZIo1
Reduced in years. $50 ,54
And the Auditors Re port shows:
The estimated for lS4S, from all -
rss esss 10 the public Treasury on SLIT Dec
last 10 have Z94
That there viii be, on slst Dec. next in the
public Treasury probable surplus Off,. 5bl,l77