New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1849-03-12
COMMERCIAL AND MONEY MATTERS.
SATURDAY. March lO-P. N.

In Exchanges there is nothing doing, but the
rates remain quiet at 7ds, and perfectly nominal
la Freights there was a moderate activity. The
Havre packet Of the 10Th Is full aud the next packet
has some Cotton engaged at &c. and some Bark At $40
To Liverpool Cotton Is engaged al 5-lod. Within
few days there have been engagements Of 800 ties Beef
and Pork at e coo bbs Pork Is I'd; 100 do OIL Cake
2s Sd and a small lot Of Tobacco At 3Os 2 hid To
Liverpool, go bales Bacon, 27s Cd and some other
Provisions, IA 6d05s = fierce To glasgow, 20 tcs
Beef were taken at 6s. TO Antwerp 800 bales Cotton
slc
The receipts at the Sub-Treasury were large
to-day, Teaching .-.---.......-...-..--. .sl4503O
Balance .-----.----- ----.l,IyI,o2s
The Money market continues easy On good Sc
eurities and loans made a, 697 T. cent Paper Is
SOLO q cent, and not in very good demand The
Banks doing most Of the good paper Offering by
their customers.
The private letters by the steamer give favora-
bic accounts Of the state Of ,rade abroad. The
mercisl world buoysnt, and the gradual reestab
llshHent Of sound Of business affairs going
Almost al branches Of industry In England
active the Cotton and Iron interests especially. Our
Bresdstufs depressed but Provisions doing
pretty well Flour from Nantes could be laid down in
Liverpool at about 2fs, which nterfered with the
American Flour, 1t preferred by consumers a,
2s or 81 higher T. bbls. Money abundant In Lon
don and commercial bills could be discounted freely
at2a2i Y cent 1t had been reported the Bank would
reduce the of interest but this has not yet been
done. here was good demand for American State
Stocks at improving rates but Government Stocks re-
manned without improvement The London market
81 -
from the Continent and consequently the market was
quiet. The accounts in regard TO Government Stocks
were not IS good anticipated In the street. and
prices fell back a little As, however, the London
bankers new suppy, II IL thought that the cir
cusrs have been made unfavorsble az truth would
allow 10 order to operate upon this market
The subscriptions 70 the stock OF the new In
sursnce Co. the Aston, reach $4,000.
The Specie exported from Vera Cruz, by
Messrs Hsrgous, 100 900 Mexican Dollars, has been
received 1t arrived to day In the Nenuphsr and was
deposited In the Bank Of Commerce.
By the Legislative report we perceive that the
bill allowing the deposit OF Government Stocks with
the Controller as basis for banking, has passed the
Senate by large vote The bill allows one half the
Securities to be deposited with the Controller to
sst OF Government Stocks, and half OF NewYork
ing capital expires within three years.
rangement Of this kind necessary, as the Bank.
must reorgsnize under the Free Law and New York
Stocks are becoming very
There has been small run for Specie during
the week on the Peoples Bank of Paterson, and we
have received the following card in relation to 1t from
the Cashier
A. staen-nt the Money article OF The Herald Of
an Of Paterson for Specie Tor two or three days past which
understood by The business community here Wa DOT started
any the ability Of the B4us 10 meet ~ ntebtedness
The BsnI has promptly redeemed Specie everything
presented Spanish much cfcusion rats
The sdsmplon Of some bills has psre not
e sis' s So. .'"' " f'' " C. sTlssos ca.st
correspondent writes us in regard to the debt
authorized by the last Legislature OF ewJersey, that
ii is only the usual temporary loan to keep money In
the Treasury for current demand, accrung at times
when the Treasurer may not be receiving anything
from the ordinary of the State. AT each SEES
sion II the sum thus borrowed be- not likely TO be liqu
dated during the year from the regular receipts into
the Treasury STATE tar is levied at once to meet the
deficiency. Thus debt is allowed to accumulate
and no doubt the next Legislature will, as previous
ones always have done, levy tax to meet tho above
loan. and such deficiency as may appear
Tho Tehueantepec Road is being pushed with
much vgor, and when completed Messrs Hsrgous
intend to put steamers from New York to the Gull
end of the route and from the Pacific end to San Fran
CISCO This will then form favorte route to and from
the Pacific possessions being much nearer than the
Panama route and avoiding the dangers Of the Chsgres
climate and the annoyances of the lsthmus transit A
New York correspondent of the London DAILY Ners
has the following paragraph In relation to another
route:
Al agent sailed City for Nicaragua the 9th inst
who bears authority 10 contract WIN us Cove neh. 70 INV
Lake Leon and the Psee supposed dsi1pe Of "
BY enterprise within the last 10 year, has q.
,en"'nsd TO eseeu. 'hs wo,. s ~ M w. "ss... tsoss
he believes naveabe Of light drsushi already
owners her TO account All they have 10
DO e.., her tor WIN n e. ,s Dor, s"S San faao
will have much business as she can DO fopests ne
che She get ouni with freight and passenger i OF
aeon one ave hoo, SaIty s1s voyage II. Gr.s,
Britain would clear herself IN tbs business an setnotlsa
say, i rich house City that they vii put koeo n The
purchase fitting Of this vessel any English
Who can this capitalist be who has acquired three
millions of dollars In fifteen years in s,esmbosting.
The people are moving at Auburn to get the
s,ock taken I'D for the Auburn and BinghaIaton Rail
road
The PENNSYLVANIA Canal opened on the 10th and
NAVIGATION viii soon be brisk. The merchandise and
number of emgrsnts awaiting trsnsporton at Philsde
phia 10 represented to be unusually large indicating
prosperous Spring trade.
The Coal transported on the Reading Railroad
las, week 1892 tons and the total this season 10 lo
go tons
The capital Stock of the Middletown and Berlin
(Conn) Railroad $4,000, has been subscribed, aud
the following gentlemen elected Directors Ebenezer
Jackson, Charles r. Asop, 7. c. Mstber w Jarvis and
Charles Woodward.
The receipts Of the Lowell and Boston Rail
road for the year lsis were si6l 1899 s. follows
Passengers S.-io ~
:. - :. ..........,....,..... 7,5ll So
S46i $50 IS
Running expresses, repairs, Se.....'.... nc 5l2 70
Net income. ci'fo~'V-
The capital of this Road Is 81 500 0o0-the whole
cost of construction with double track Including the
Woburn Branch, sI6643) has been s20lS,6s7 There
ia funded and floating debt OF s0s,OOo. The COST
therefore is sl54 ISL than the capital and dees
together. The income and expense account shows
.nrnu. of sl7ol96 which is principally invested In the