New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1849-07-14
COMMERCIAL AND MONEY MATTERS.
For Sale, Of ssocE.. &c zee ForrG Peg.
FsIpAr, July l3-P. ".

nent Securities, which improved ] = cent At ihe
Second Board, Coupon SKIES, l7s- sold 81 ll7s a
RAPID improvement The private letters which vii
arrive. prohly tomorrow II Is anticipated wil give
highly favorable accounts Of tie state Of tie London
market for our secur.ues.
Ia Exchanges there ia nothing Of imp ,rtsrce
doing bat the rates are dun -isr8eg st1a Francs
53ja530
The Freight market is rot sc'lve. and shippers
generally waiting tor the STEAMERS mail some
81 600 bush Corn were engaged r, 4 81 200 pDls
flour i I'D heavy goods 2os Cotton Ffe'sai' are
rather frner To H-vre the packet s getting &C. and
transient ships &c For Turks lslAnd ship "ss taken
u load Salt st e = bush The business for CaioF
MA i quite active
Tne f,r~isn news is considered, ~ithou, excep-
ton favorable as far made public and considerable
nentis looked for When the letter nail arrives.
The approved state Of trade is Of the favorable
feature. not Only in regard 70 !ts Influence upon
great staple but IA view that prosperous condition
Of srs the manufacturing districts Increases the
ability to consume all our products. The Breaas'u1
aud Provision trade had not changed much from the
previous week but the accounts generally favorable
Nr Everett late T-il~r 81 the Seven Wari
Bank nae been elected Cashier q the Broad Vsy Bank
Tn- remainder Of the CRY loan Of sloO OOO
$4,000 not bid for few days since is advertised for
l5ih July instant
The r, criprs At the Sub-Tressury were so 0ss
payment, s2s O32 balance. sl.i43650. Duties re-
ceived, s723A About $4,000 r Pig Copper vas en-
tered to-day Tor wsrehousiDs
The N~rcnatts Clerks Institution Of SAVINGS
has declared semi annual dividend Of = cent under
{ 1000, and I, cent over that amount
The Brook yn aud Jamaica Railroad CO. seni-snnua
divideud Of 81 y cent. The Delaware and Rariian
Capa and Camden aud Anboy Rsiroad Co a seni
annual dividend OF y cent ThsGreen vich Savings
Bauk the usual semi annual dividend The Augusta
Ca Manufacturing Co s. y share for the last three
mouths b,ing the rate OF - = cent y anuum-
The Union Bank Of Tennessee semi annual dividend
Of g 2 share
Hon Aired Kelly, President OF the Cleveland.
Columbus and Cincinnati Railroad Co. through bis
sRenfs Messrs Winslow Lanier 4 Co. OF this City.
has just closed sale OF 100000 OF the bonds Of sad
Company the .ale being made TO raise means TO pay
for iron already purchased and arriving The bonds
bear interest the Of 2 cent p annum, redeem
able In this City interest halt yearly, the lst De
cember and Let June. The payment OF the bonds +
secured by first and only mortgage deed Of trust,
to Palmer and Jno A. Stevens OF this City, on the
whole Road, when completed-depots, cars sc cost
ing the Company s25OO,OCO This very important
work is rapidly progressing to completion between
1900 and 4 900 hands now al work on the line
Thirty tive miles extending from Cleveland 70 Wei
ngioD will be completed by the Let December nex'
the entire line to Columbus 1875 miles ~ the lat No.
vcmher 1850 II will be graded brigcd and prepared
for the iron by means exclusively raised from stock
subscriptions tie only debt being the bonds sold 70
nav Tor iron The bonds sold in strict accordance
with the provisions OF law passed by the Legislature
Of Ohio in February ast, and certainly afo d one Of
the most reliable securities IN the market This Road
being the shortest and direct route from Buffalo
to Cincinnati wi the fine harbor at Cleveland, and
running throueh the rich Valley Of the scio,o and the
sect Of Government Of the State Of Ohio, would seem
to give good promise Of large dividends to its stock
hoders and greatly increased facilities TO the public
The high character and standing OF Mr. Kelly the
President together with the gentlemen in the Direc
ton s itself guaranty that the work will be econom
ically constructed and prudeny managed In addition
to the above 100000, slOOO 900 have been taken BY
capitalists in O.io residing and near the line OF the
work
We stated yesterday that the Norwich and
Worcester Railroad had made dividend OF y v cent
This dividend was made in six p cent scrip, s' the
earned money had been used ia the payment of the
floating debt Of the Company The Report of the Dl'
rec,ors gives a very hopeful view of tbs ssind coDd
ticn into which the affairs Of the Road have been
brought aud OF its prospects for the future
On assuming tn. management Of the affairs OF the
Company on the 18th of July last the Direcsors found
hat the aggregate balance OF Indebtedness OF the Com
many amounted - 81 35i5IO % Of whcsn there WAS
,hen ,.st due and Immediately impending about sll5
oo) which sum included the Pay Rolls for three and =
.e.A hot ha ~ n M in nj
steamboats, had been disastrous the Company they
e, an early day negotiated sale OF the whole OF its
Steamboat property to parties with whom they made
contract to maintain line TO the Road as heretofore.
Tor Eve years The propriety OF this step will be ob
vous when it is tted that during the period the Boats
were in possession Of the ompauy, they had involved
loss OF s25os73 % over and above al the receipts Of
the Road and Boat. The contract has bees found to
operas sdyantsseously nasmuch the line il Kept up
With the same regularity and punc;u atty as before.
The sale Of the Boats has reduced the Indebtedness
the Company sl37,25O 20.
Negotiations were commenced by the Board which
have resulted in sale TO the Boston and Worcester
Rail Road corporation. OF portion Of the surplus
ands amounting 10 s36S6i 50 which hs. been directly
n,'ed 10 reduction OF the Indebtedness OF the Com.
many NEGOTIATIONS for further sale OF these LANDS
are now pending which If concluded. will produce the
further sum OF $4,000 Notwithstanding the sale OF
hese lands the Company retain all that needful for
their use.
The Directors. by the use Of their individual credit,
proceeded to discharge the Pay Rolls In arrears, ana
such other debts most pressing. and thc6 have
succeeded in negotiating with It's creditors for an ex
change OF the debts and bonds of the Company past
and coming due before the year s5e, for bonas pay
,1le in 1900 bearing per cent interest The result
II these efforts L. that the Company has been relieved
rom = condition OF great embarrassment. sns placed
la a position OF great its finances the whole
um losi oy the s~me policy OF running Steam
boats S25o,s,S.
The total indebtedness. Of the Company. on Sis,
NAY A D ls4s was
Gross deb. ,fitSf eS
Deduct gtoss Asses!s. $3.50 70 $1,000. -.
Which has been reduced
By sale ofseambosIs. .............lS' 20 "
surplus lAnd-. ..co.rt ~
engine Of AT antc' ........ s.No 90
md application Of k<rnings o-e. u<fo5o J.
showiue the present Indebtedness May ST. lsis ~ Do
Gross deht...........lSnl.s-S 81
Gross assets ......... l6l.4N Il
NET bAlnee Sl,ii9,sA 10