New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-05-23
"WEDNESDAY, May 2


to-day, the natural reaction Of the late rise. One
party came in and sold 1000 shares Harlem and
1000 shares Reading, and, under the circum-
stances, the market was well sustained
The Exchange market clos ed rather heavy, with
sellers at 81 q for good sterling. Some good bills
were bought by bankers at o. and some bills
against produce at q a9l.
The steamer takes $4,000 in sovereigns and
s25, 900 in franc pieces The London packet takes
100000 in silver, destined for Russia. Coin is ar
irving freely from the South and West. The
steamer also takes fair amount Of stocks, bat not
large.
In Freiehts there is asmall business dong, at IS
Cd IS sterling for Cotton SD for Corn Ios Us
for Deadweight. An American ship was taken 70
! load Deals for Liverpool at ii. To glasgow 2'o
pkgs Grease Butter, lbs. To Havre, the packet
of the LIST prox has 600 bales Cotton at ! OF Ct
To Marseiles. Quercitron Bark, SIS. To Amster-
dam. so bales ssrsaparla, 5 Of cent and to
Hamburg. 400 bales Cotton > &c oil AGENT and
Ashes. lis 3D. The ship Isabella, to load Coal at
Rondout Zap the North River for Panama, was Ia
ken no on private terms within a few days -Four
Foreign vessels were engaged-one to load Log
wood at Lsguns, for Hamburg, on private terms;
another at the same port for North of Europe at 81
los one TO load Tobacco at City Point for Holland,
25s and the fourth to load Tobacco at Baltimore for
Holland, at POS
Alta meeting Of the Board Of Directors Of the
Harlem Railroad Co, today, the old officers were
reelected: Robert Schuyler, President; George
Barker Vice President; S. NJ. Blatchford, Treas
urer and Alex Kyle, Jr. Secretary.
The Receipts at the Sub Treasury are s9s,O35;
payments, sl3 s5l-Balance s4922,9sG.
The notes of the Bank of Corning are bought in
Wallst at 10 q cent. discount. This is a Free
Bank and one Of the first organized under the Free
Law, when any State stocks were received by the
Controller in deposte for notes. The Controller
holds $4,000 Illinois and $4,000 Michigan stocks
and s25 900 bonds and mortgages, to secure s63,3iS
Of circulation. At present prices, the securities
would Just about pay the notes. The President of
the Bank, however, is in Albany today, and has
made arrangements with the Mechanics Bank OF
that place 70 redeem the notes The Bank will, no
doubt, resume its good standing again in day or
two.
One of the most amusing Of the many amusing
attacks upon the Erie appeared in the Herald To-
day. The Directors are abused without stint be-
cause, under their able management, tue affairs OF
the Road have been placed in highly favorable
position-the stock advanced in value from Sc 70
sl-and the HeralEs friends made TO lose great
deal of money b. selling what they did not possess
One of these Directors is openly accused Of the
heinous crime Of having sufficient confidence in the
value Of the property, when it was 90, as to hold
ZOO shares which no was so lost TO common de-
cency, and so utterly without respect for the opin
ion of the Herald as to carry TO the present day.
Surely such reprehensible conduct this will not
pass without such a rebuke from the public as will
enable the Shorts to get in their stock without loss
We may well look for several disastrous reyolu-
tons in the moral and financial world, when Direc
tors of Railroads are so reckless as to improve the
value of the property committed 20 their care, and
when the public will insist upon paying these
Roads such large amounts of passage and freight
money We condole with the Herald upon such
deprsved state of things bat fear it cannot be
edied. That paper could probably obtain modi-
cum Of consolation by mingling its sympathies with
those parties who sold out at Sc IS, under its adj
vice, some two months since.
There is rather better demand for Land War
rants, ard the market is improving. The selling
price in The street for guaranteed Warrants is about
sl25
The Annual Report of the Stockbrldge and Pitts
field Railroad Co. has been published This Road,
which is an extension Of the Housatonic, north
wardly, was completed in January, 1850, and has
since been operated by thu Hoasatonic Railroad
Co which has lease of it ut p cent. the cost.
which is about $4,000. Thus far it is understood
that the business Of the Road has considerably
ceeded the expectations of the Housatonlc Co al
| though many manufacturing establishments the
line of the Road have not been in operation for
some time past. The length Of the whole line of
Road from Bridgeport to Pittsfeld including the
Berkshire Road to WestStockbridge, is about 100
miles. OF this distance the Stockbridge and Pits
field and Berkshire Roads make a miles. The
whole cost of the line is about three millions Of dol
lars. OF this cost the Housatonic aud Berkshire
make s255O,0OO. The net earnings of these Roads
in ls49 were Sl53,900, or little over q cent
The speculative movement in Texas securities
has subsidized which sprung up when the scheme
was first preached of paying Texas ten or fiteeN
millions indemnity for New-Mexico. Those secu-
rites then advanced rapidly but have since mate
rally declined. By the report of the Auditor and
Controller Of the State, which was published Janu.
airy st, Texas acknowledges the following debt:
l,telsss debt and inieres.........s67 2s5 s5o5ois
"a ............ 3B417 g8i IA
50 ............ l4tlS I4igS
Claims not he'd sfe2 III 2liq 7s3
ToiAl..................$lloi5 sal sj65I75j
What is meant by pa, value is the value for
which Texas created tie obligations The ostens
be value is Of course the real and nominal amount
Of the promises to pay by Texas. The main reli
Gnce for the payment OF this debt just no v is UPON
Congress but + no Arrangement Of indemnity il
made the State wilpay the debt from tue proceeds