New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-07-03


over s2Ooo 600 of our exports, or nea-ly so y G..
In comparing the June receipts Of the Erie Rail
road with other months it should be remembered
that June bad FIVE Sundays giving only twenty-five
working days.
The N. o. Canal & anking Co. have declared a
dividend Of , y cent for the last months 1.-The
Bank of Utica semi annual dividend oil 4 Y ct...
The Connecticut River Banking Co. seminar
nual dividend Of 81 v ct....The N. o. Mutual In
surance Co dividend of l6 = ct. payable in scrip
and ct. interest on the certificates Of the Com.
pany.. The Chesapeake Bank, Baltimore, 4 semi
annual dividend Of ct....The Merchants B ank'
Baltimore, , T. ct....The Franklin Bank, Balti-
more, 4 2 ct.
The following Connecticut dividends have been
made NewHaven Bank Al = CT. for the last
mos; County Bank Of New Haven do; City do,
do Mechanics do, so per share the Franklin
Insurance Co. semi annual dividend Of 10 = CT
the Bank of North America semi annual dividend
Of y cent.
The sales of Printing Cloths at Providence are
becoming quite small For the week ending June
90 the sales were $4,000 pieces, which is great
falling off as compared with last weeks transac-
tons 6ix6l to 72xso, 2sa29 inches, fair to extra
brought A a s., supposed at mos The sales Of
Cotton during the same period were 1000 bales at
14lal4l for Gulf and l3l 9l4l for Atlantic Ports
The Journal remarks that business is exceedingly
dull in every apartment Of trade. The season is
not usually active and the depression in the man
ufactuIing and mechanical business carries down
almost every other branch OF trade The market
continues quite easy. All paper with two un-
doubted names is readily negotiated at legal rates
First class single names 7as y ct; other do, Q a
- per cent.
The Men. Haren Journal says: The freight bust
ness on the Canal Railroad is increasing most "a
pidly Extra trains were obliged to be put on last
week. in order to clear of the accumulation of mer
chandise at the lower depot in this city.
The annual report of the Galena and Chicago
Railroad, which we have received from the Presi-
dent gives out favorable account Of the condition
Of that enterprise. The receipts the finished
portion Of the road much exceed the estimates
and this remark especially refers to passengers
Ten miles OF the road went into operation in June,
ls4e and it was then gradually opened to Elgin'
42I miles, in January last, which completed the
first division Of the road. The cost Of constructing
and finishing this 42 miles was only sos 3s2-'ess
than ten thousand dollars per mile Toe debt OF
the Company the lst May was slG4 57l against
which the Company has sl32, i97 Of assets. The
receipts Of the road from June, ls49 to May $780,
were sac 33l Expenses and interest s23,706-
leaving net earnines, s24535 From this amount
dividend of 10 p ct was declared in stock and
the money expended on the road. The receipts Of
May, 1850, are upward of $40 500, showing an ex-
cess on the estimates. Books Of subscription for
stock to extend the road to Belyidere 80 miles fur
Their, have been opened and subscriptions have
been made to fair extent. IL is estimated that
100000 will put the road in operation to that point
The receipts of the present year are estimated at
$4,000; expenses, s35 600 net profit $4,000.
The Safe Harbor Iron Works, located on the Co.
nestoga Pa. are making railroad iron, the LaRcas-
fer Gazette says at the rate Of l4O rails per day,
or $50 tuAs per week, or 1900 tuns per annum.
Three steam engines ofthe respective capacities OF
As 100 and 1875 horse power, are employed 10 the
Rolling Mill and Blast Furnace. The number of
operatives employed is about 500.
A large Convention of Delegates from the Coun-
ties interested in the Illinois Northern Cross Ra-
road met at Decatur, Ill. on the 18th inst. The at
ucIeSheee as ioi SO nhu VIZ bOSN iO0i
ing was evinced 1t was the opinion among the
delegates that one.quarter Of the sum needed to
finish the road from Springfield to the Indiana line
could be obtained along the route. Among the
other resolutions adopted were the following.
Pssord That the interest OF the and especially OF
the inhab OF the Central Counties requires tue com
p-ion OF the Northern Co's Railroad from Hncy on the
hne located Danylle, and thence to Covngton La
Fsyee and also OF the csnstrucuon Of the Central RAN
from thu mouth Of the Ohio River to thu southern ter
mnsuon OF The illinois and Michigan Canal with brsncheo
Resor,d Thai the Directors OF the Sangsmon aud Nor
canon Railroad Co. be requested TO Increase The capital
Of said company for the purpose OF continuing the
Northern Or res Railroad from Springfield to Coylngon and
open books In the Counties the line Of the Road 10 re-
ceiye subscriptions of said stock
Committee was appointed to consult with the
Directors of the Ssngamon and Morgan Road upon
! this subject.
TIE subscriptions in Hartford to the Hartford and
Pro, idence Railroad, reach s6jO,OOO. The Ciy
loan, if voted, will add 100000 to this amount.
The Railroad from Plstt,burg to Montreal via
Lachine has fair prospect of being built.
conference has been held between Charles
Butler, Esq. Of this City, President Of the Canal
Board Of Trustees and Samuel Ferrer, Esq Of the
Board of Pub ic Works, which resulted in a gen.
eral reduction Of tolls on the Wabash Canal.
Markets.. CAREFULLY REPORTED Fos TIE Tribune
Tuesday, July 2
~ The Merchandise markets generally very dull,
A. 10 usus du0g the few days vious 10 the 9TH INST
ASHE5-AIe quiet bat me market ends up ward small
COTTOk-ln Cotton the market 10 very b1oyant and the
demand 10 good The sales 300l bales fall prices
Current Priees for Lir1pOOl CLl'StaeatiOa;