New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1849-05-23
COMMERCIAL AND MONEY MATTERS


/ ...,..,. ., STATE stocks which are also improving
| ~. ..,.ks NJ the StA,e OF Tennessee. when nave
h..,,.-s hem neglected now meet with inquiry ana
IN 81. size. which could b. found 20 day were tNrh
=. mar and ( per cent. premium These ra'e' are
- than sny other dividend paying stale oiNes
s.-,,,,kv selling q, 100 Ohio loo,. and Ne" iofS "
M r-,s..ss has never neglected % pay her interest
,.h,of the Stsis i very small for her wealth
-, ,,,,i.rion Hv ihe last report OF The Controller
the csAr was rs annexed
c..,rl.r, Bonds of Stale. drawing PER cf ifro r
-.,ri.n R1uds GO SAFE. drawing - pr CO. -iailo ~
cr,-Nrins Bonds % safe. drawing pr CO. Ire go e
o-,inablae. of>'a'e drawing interest Sj-i-ed 90
one .n.talmeut OF Si.5oo) oi5 per cent Bonds falls
sue :, January. 1888 and another oi s2'oo0 per
cents = January I-.o. No other Bonds OF the state
fall due sooner than July. l-ol
To pay TN. debt the state owns - s6o9-1 % pro.
duc,,e stocks and sl,tc 4i6 OF uupreducuvc stocks
making an aggregate q s6,o".u6.
The Exchange market today closed without
much activity snd rather heavy sterling good bills
sold AZ = = and es:g- - awers obtained = . cent
Francs y Continental bills were IN moderate sup
py and 6rm Guliers ioc q i0i RiS Dollars III az.
Mark Bancos ct ass.
To Liverpool there were engagements Of 500
bales Cotton at 3D. 1900 or 3OoO bbis Flour l. l04d
$50 tons Heavy Freight, e5s and 9ooOO bush Corn at
3D. To Ireland direct vessel was taken up at ID for
Corn Cotton to Hsvre ia iGsc
There IS no change in the Money Market. The
supply continues To be abundant al the rates before
quoted.
The receipts at the Sub-Tressury to day are
$4,000. payments stsal4 balance s2o729n
The earnings Of the Norwich aud Worcester
Railroad show fair increase this month over May q
ast wear The receipts for the nrsi twelve days were
- 600 in excess of the same time in lsis The lien OF
the state Of Massachusetts, on the depot lands al Nor
eestsr has been removed The Norwich Company
have made arrangements to sell them % the Boston and
| Worcester Road for $4,000. The arrangements were
| 10 have been concluded At Boston yesterday
The earning, Of the Mohawk Railroad show
gain OF IS p cent over the same time last year
Joseph b. Collins. Esq has been elected tresl
dent OF the Mutual Lie Insurance Company IN the
place Of Morris Robinson Esq deceased
The Coal interest Of our country IS one OF the
most important of the more ssary branches of IN
dustry-.ine which employs vast amount Of Capital
and larger number OF sborcrs in proportion 10 Cap
sl than most other branches and which Is OF par
amount, nccessv not only to the people ~ large ~
nrodpcer of fuel tor domestic use, but TO nearly every
branch If turing industry. Without Coal our
manufacturers would carry their processes at 'ely
great dsa,lv antagc and would De unable 90 compete
with foreign supplies and without Coal our woodlands
| would soon be exhausted By the immense drain upon
them for household uses tor steamboats,, sc. SC. On
the southern Coal field alone OF Pennsy some htty
millions Of dollars have been expended In investments
| connected with mining and transportation. The pro
duce has increased from 365 tons in $50 to over 1000
90 tons in lsis The aggregs ate amount mined since
Is2O is g2OO0OoO should the produce Of Coal IN
crease In the ratio for the next ten years that
h,s since las the yield will be 100000 tons per M
| num With the increased demand which must arise
from IN, advance Of population and manufactures and
the new uses 10 which Coal will be adapted the in.
crease above estimated is not unlikely
Ina view OF the great importance OF this article OF
| prime necessity any enterprise intended To increase
the produce Of the by working portions OF
the great Coal Bed OF Pennsylvania, Il worthy Of en-
| couragemeut And such enterprise Is the Pegua
| Railroad and improvement Company, recently formed
by party Of Capitalists in this City under the Pfes
dency of VIM : Wctmorc Esq The estate is or
miles broad ari 10 or - miles long. containing an mex
h.us,bc supply ~ Anthracite most isvoraby situated
tor mining and transportation From the hiteen veins
already proved ov c. Taylor, Esq twenty hve mil
hons Of tons can be sisc1 without the OF engines
it being all sboye the water level The lands OF the
|
supplies OF valuable timber By Railroad four miles
in length this Compsnys lands at Rsusch Run Gap are
connected with the Dauphin and susquehanna Compa
avs Railroad and h,e miles more connect the Gold
| Mine and Black Spring Gaps giving the Company the
adj sntsge OF working their mines At three gaps cutting
down the veins Of Coal right angles and penetrating
them on their ends The distance OF the Pegua mines
| from Hayre he Grace Is 100 miles, which 10 smaller
distance tide hsn Ia the OF any other Coal
lands excepting those near Pottsyille IL Is estimated
that Coal be delivered from these mines at Hayro
de- Grace at - % per ton while the produce Of the Le
high mines a. Bristol costs S. the Delaware and Hud-
son a Rondout 5oi and the pottsyille District at
Richmond - per ton. The cost Of this Coal deliver
able At Philadelphia viii be 65 at New York 20 and
az Boston 20 per ton which viii tend 10 reduce the
| price OF this necessary article We trust this enter.
prise Will prove successful It's projectors de
sire Il Is certainly Of the most promising have
ever examined and any s,tenpt develop the miner
Al resources OF the country deserves ~ meet with
| commensurate reward.
The Manufacturing Insurance Co. at Boston, II
reported, viii lose sixty Thousand dollars by St
Louis ire
The semi annual interes, on the Morris Canal
Bonds due last Monday not paid.
An Albany aud NewYork Company have pur.
chased the Michigan southern Railroad who intend ~
y 10 with heavy iron, and 10 ultimately extend il to
| Chicago.
At Boston the Money market continues b. be
easy There Is but little mercantile paper Offering 70
the banks and the brokers and strict business notes
pass IN the street at from 10 per cent Prime paper
not strictly Of business character sells at from 10 ~
u per cent discount The collections at the Banks are
diminishing and there Is complaint oduness OF trade
in Wholesale branches
Markets. CAREFULLY REPORTED FoR THE TRisuSy
.suxa .-........ rgsB.r Nay ~
| - " Nf "'- -
CoItON Th- uafast oaoy.nt the demand ,o<d II.
'.-, a.: ,' :. - 80 a. Rres- tbs tara favor ssy.r
fLODh AHD NkAL-ths fo1f n.Tkst t@-n mod.
,,'.y .s''s va asnln(Hpor. and br IN. TO
- =, - - 80 A.s cesn gPrafs,
- 80 80 $50 ~. Isncs los = 4
| ~ -. ' 49,, ~lh PD- an Hef % god
tols add 100 >,dsx 400 5ols io .b,.o--, -
I'D --r- hn- a. Ddf al Pare Gsa---s iIas IS 80.
80 's. .ny o.o a. - o s.- od-aa. bbs ~ a. ga
- AID lAh 80 % prvsts Tas s1pp.s Of s,.gaoa
h9tes-orih -Ash or~srt