New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1849-01-11
COMMERCIAL AND MONEY MATTERS
Eor nla II a0es., &C. zee FoulA Peg.

"WEDNESDAY. Jan lO-P ~
,ss,e WIS a TAR business doing today at the
81 BOARD bu, generally at decline yesterdays
-, The decline ia Re aiding continues, but the fall is
..,l, In Bonds The Mortgage Bonds have fallen Oh
=, cent, ,nce the statements 10 the Annual Repog, Of
!, Company made.
| The market for Stcrli nc closed quietly at y
% nth some bills over Francs scarcely so firm
! The small supply OF Grain in the market has
,.,.ed .hiumepts and ,hpmssters disposed to
u, lover rates. Cotton is taken at 5l6d, heavy
\ ,,s,sht n. 6da3Os. Within few dsys there have
! IN engagement. Of 80 bbs Bacon aud 900 bxs
cee.e al 30. 800 bbs Oh Cake at q %, 200 ierces
,sf 4, 3D. 800 or 100 bbls Provisions AT s. To Lon
an Oil was taken at 3Os, to Glasgow Cotton 5l6i
ace 3Os 10 Have Cotton g., to Hamburg Ashes,
AZ Rice 32s Cd, Cotton &c. To California vessels
rs sing up fast al g per Dbl 5oa6Oc per foot and
40 Der ton Several additional vessels have been
81, on the berth for California within day or two.
Money continues very easy, and private bank
:. decline to pay over per cent. on deposites al
| shch considerable sums have been deposited.
| The establishment in this City OF Agencies Of
foreign corporations for the purpose Of doing bank
q business 10 the subject Of conversation in the
e-set These institutions send their President or
,shier here nomnaly agents, but in fact 70 engage
oil the branches Of banking excepting the iasue Of
d. This practice 10 an injustice 10 own banking
nstuiions which pay large taxes while these foreign
operations pay nothing The Bal,imoreTrust Company
,, the Southern Trust Company, adopted this
.ormer years, and the consequence large losses
,ssred by our cltizens. Eminent legal opinion has
teen had this subject and the establishment Of these
,rncles and they have been pronounced to be direct
fl
sposits and making loans 1t is even believed to be
legal to receive notes for collection. We shall recur
. this subject
The trains from and to Bngamtom have about
two hundred passengers each way. The time from
Ypssmton to New York has been eleven to twelve
tours Ia the Summer, when obstruetions exist on
he track the time will DO much lessened.
The December earnings ofthe Macon and West
en- Road were s2O6OO against sl469 showing in
eeae $3.50, equal 10 40 per cent
The Albany Exchange Bank has declared div
END of - percent for the last six months. The
I,usies Railroad Company 81 per cent
portion Of the Annual Report of Reading
railroad Company has been received, and we give the
us,srisl facts below The entire Report will be re-
odyed to morrow. when the earnings, expenditures,
Se can be sscertained. The Report says
tu,sss Of the isss have been realized and tia,
t5npsuy common with others and with the community a,
.cepfes.son trade and financial dcu@s that have
assssd mated the When the last Annual Re
they had 10 believe that large increase Of
X .,s.st appended to that Report exhibited such position
10. Company called the attention Of the Stockholders the
would necessarily ~ nr Instance the
Al g.. J,ne,n 1T last and Bonds Due ia March Isss
and also there mentioned 90 be-
sssbe corresponding liabilities a. had b.enespected
Nay have contributed produce
o.,. iore,een Some OF the subscribers
created TO relieve the COMPANY from IL hoatg debit dd
~ s~t.
The Report states tina, under the depression OF the
cal trade the Company forced either to suspend
ysrstions or give credit for tolls. The obligations
thus received for tolls sold at heavy shave to
meet pecunisry demands on the Company. The Re-
port then seys
Weighed down by uuunted potion Of the floating debt the
pi Of freight casb and the enormous res OF interest
vdihe mpossbty Of obtaining money from the Stochode
,r the Pre,seut Of Bonds, held Collateral
sr Be- sod meet the engsgemen's o' WHICH They were
~ been exhausted uHt those most deeply interested had been a
non found by the sa''ment OF the T'es
hn the capital OF the Company has been greatly increased
direction holders those parties who subscribed
sas osn payable 1870 a, par and have siace converted o
sA adjusted when The former Report wss submitted The
al tamsscs bsance- all items properly csfEea
he The road and which have now been carried 10 That
,uy. to add ua, The holder. Of the remaining Boas. Of is
s .a.d upou their conversion the allowance authorized
tsflSars oF svsINsss foa lefs |
y. teshi OF i,-aoNV tons
E.,a1SSl,. - $1,000
Ts,.............. sli6lsso
t,ri~.rsp
me .----- ett'n
sefssaoi --. .--..----.----.. ta.uNN
asissy ..-... istt,N
l..Ha Railroads. 500
,nes -.----. 100