New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1849-08-25
COMMERCIAL AND MONEY MATTERS.


There was better feeling 10 Stocks to-day
and generally the Fancies are triHe better. An
i'm provenent of to per cent realized For Gov
crnments there Affair inquiry Erie, notwithssne
ing the continued attacks Of the Hrod, was very hrm
and sold at 81 b. 3. The shorts lending money
on without interest for the purpose Of getting pos
session Of the stock 70 make deliveries
10 Exchanges there is not much doing, and the
market is not very firm.
Freights are quiet rs the Produce market is too
high for shipments The nominal rates are IL for Flour
I'D for Corn Id for Cotton; la 6da2Os for dead
weight Naval Stores ls, with engagements 1900 bbls.
Engagements 70 Hamburg Of 10000 gallons Oh at &c
200 bales Cotton &C. and 100 dead weight POS
The Money market continues TO be very abund-
antly supplied with capital. On call, loans are easily
negotiated s,4 y cent, frstcsss paper sac 2 cent
for short; for long. The Banks are doing all their
offerings aud st have surplus to lend on call which
they cannot freely DO
The amour, Of Duties to-day was $4,000; Re
cepts at Sub Treasury sll9055; Payments, elsl,
Balance e25ss sos considerable amount Of foreign
coin has been sent to the mint for Amencanizing The
coinage at Philadelphia in July s 09s 600 Of gold
ses 900 Of silver /; takes about two weeks 10 get
return Of gold dollars from the mioi-
A statement has been going the rounds OF the
papers purportng 70 be the monthly receipts OF duties
al this port but which Is evidently erroneous that
surprised that any City paper should be found
careless enough to copy H. The aggregate duties col
eced for instance for Elk months ending July put
At 81 $50 ST. while the actual amount slO3i39IO
The very week the statement alluded to first appeared
in City paper the duties collected here reached
" the amount put down for the whole previous six
months
fptrru.l fp,p Is
projected at the West, few are moro important than
the Lafayette and Indianapolis Railroad This road
was Incorporated IN 1896 but the survey made
until ls4s, and the work commenced 10 lsf9, lon
the completion Of the railroad from Madison to Indian
apohs Of which the l.. and Railroad 10 direct
sion) lts length 60 miles and it lndianapo
lis. the State capital, with Lafayette the head Of
steamboat nsyg cation on the Wabash River, ntersecng
also there the Wabash and Erie Canal, which commu.
nicstes with Lake Erie at Toledo 10 Ohio the one
hand and is in progress downward toward Evansville
on the other
Lafayette is the center probably Of the produc
tive agricultural region on the Continent; convenient TO
coal iron, and the manufacturing elements. 1t is
the rciAl depot Of the Upper Wabash. As
ample OF its trade the following items furnished by the
Collector, given Of of s principal shipments
by canal during the months of April May and June
ls49 TO wit bbls. Flour ss4l bushels Wheat lO2,
s3l; bushels Corn. 467,907 bushels Mineral Coal
2s25 bbls Whisky, 1919; bbs. Salt, ,569 bushels
Lime 1926 bbls. Pork 1908 lbs Lard, 1852, 40
he Bacon 1876 773 &c sc. Canal tolls at that port
during those three months, s3O,4ls. Beside which
there was shipped during the Spring OF ls49 from La
f.yette down the Wabash River by steamboat: bbls
Pork. 2l7I bills Flour 60 lbs Bulk Meat and Bacon,
L. 95 600, os Lard l43,2Os, &C.
The survey of the L. and / Railroad was conducted
by Alexander C. Twiuing, Esq OF Vermont, an engi.
neer Of emncnce and experience. His estimate Of the
cost Of the road bed from Lafayette TO White River Al
indianapolis including all intermediate oulverts and
bridging. is sl53,673 SO; wooden superstructure y
mile s755 40 Fat rail, (35i tuns e mile, estimated at
500 . tun) spikes plates, putting on rail and laying
track S3024 90 e mile. Making total OF cost for
grade and .upersucture Of fat bar OF $3.50 33l &C. and
exclusive Of expenses Of engineering contingencies and
equipments.
On estimating above the grade at sl53,675 40, and
the wooden superstructure 81 200 y mile at s756O0
the total cost prepare the road for the iron will be
$3.50 273 40.
since the above estimates there have been put under
contract the grading OF 30 miles of the road Lafayette
TO Lebsnon) at prices below the estimate. More than
onehAlf Of the work is done, and the residue will be
finished this Fall From sexual experience of the phi
of contracts the road may be prepared for the iron
its entire length for the sum Of s220 900.
1t is the intention OF the Directors TO Jay good
rail OF least 20 10 the mile this at ESQ = tun,
delivered will be $685. Add for contingencies night
OF way, engineering and equipments &c $50 500 and
have put the road in running order with good
rail the sum OF s60OO0O This road when finished forms
in conjunction with the Madison and indianapolis Road
strait line Of railroad through the center and capita
of Indiana OF $50 miles in length, uniting the nsygabe
waters of the Ohio aud Wabash, and the three most
considerable towns in the State Madison, Indianapolis
and Lafayette, uaversng region which now sends OF
surplus greater perhaps, than any other In the state
Of the extent, and IN its prospective extension
leaving only IS miles ofevel country between tho Wa
bash and Lake Michigan, to complete the railroad
munieaton from Lake Michigan 10 the Ohio over the
nArrowest point in the bel, of land between those
tiers thus forming by far the shortest line Of travel be
tween Chicago and the other cities OF the Northwest
and Madison OF Cincinnati
But without reference these certain and speedy
prospective results II Is believed this road when hnish
ed from Indianapolis 10 the Wabash must yield hand
some profit The business OF the Madison and Indian
apols Road last year was $4,000 for 50 miles Il is
assumed that the Indianapolis snd Lafayette Road o5
miles, grated on the former and trsversing much
OF s2OO0o This is 30. ? cent on the requisite
cspita Deducting 50 y cent for repairs and suPern-
tendenee, leaves prohi OF l6s y cent 2 Annnm
II railroads in the Atlantic States costing $4,000 ?
mile yield dividend, those cardinal lines through
the beet parts Of the West costing $1,000 q mile
ought to be valuable. The present subscription Is
about si750o and il believed by the Managers that
the 80 miles from Lafayette Lebanon viii be ready
for the iron early next Spring, and the remainder Of the
road BY the Autumn following When this is done
there can be dificuty in obtaining the necessary
iron on the bonds Of the Company
Mr.. VIM c. Young, Superintendent Of the Utics
and schenectady Railroad, has been appointed Chief
Engineer Of the Hudson River Road, vice Mr. Jeryis,
who has retired The contrsct for iron with Peter
Cooper ESQ at So 50 per has been abandoned BY
the pavrnent 10 Mr. Cooper Of bonus Of $4,000 The
Iow price al which rails can row De bought makes this
GOOD operation for the Company.
Chsuncey Hibbsrd, Esq, has been appointed
s.,,.n5en, of the Uties and Schenectady Railroad,
in the Mace Of VIM C. Young, Esq, resigned.
The post Of Chief Engineer OF the ImPena
Russian Railroad vacant BY the death OF MAJOR "n''
NJ