New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-06-03

Lctrecently passed by the LegisH'ies :"
ohr.s,,s and Connecticut, increasing the s'ocA oi
IA Co,nnsnv. The Act alluded TO is TO the ioi'
lowing effect: n.,,-.a c,,,.
SECTION l. The Norwich and worcester s,i .ioek Of
psny 10 hereby authorized 70 ineresss o esch shsre
said company By The sdaiaoo 0i NV '--''
be pune Ps The present stock >olders Of
Sc sub.rribe 1Jr said new soc In the pro
portion Of one for every four hse' stock BY then
beldthey paying par xsas ~ es ~
Te four shares Of old .tocS and Of stock
certificate Of FIVE shares Of rrsferred stock ProVided
soek 80 sien by each hoser shall be required % be
paid in BY him within or year amer the acceptance Of ms
sac No portion Of said Stock issued under the pro-
Visions Of this Az shall be Issued a. less man !" P
sTc 4 The ssd Stock in The certificates issued therefor
,baH be called Preferred STOcKi and whenever ms
or7 Thousand shares Of the Capital stock Of sA1 Corp2s
ION held by the Commonwealth 90 collateral security
ghaI be transferred by the Commonwealth, or issued oy
said Corporation hen and IL either OF sAd cases. me sac
four shares or 90 many OF them a may De aos
ered or issued shall the same footing aud ne co.
titled to the same benefits and advantages 10 Al IssPec.
as taid Preferred Stock ana The Board OF Directors are
hereby authorized and empowered 10 declare and pay
seisnnua dividends out Of The bet earnings OF SAID Com
trr stoI and 90 dividends shall hereafter be dscsrsd
and paid upon any other Stock OF said Company now N
the net surplus earnings OF said Company amer the pay
E1eni Of the dividends on said Preferred STOCK .
SIC g. When after the payment OF the dividends lpon
aid nreisrred STOCK out Of The net earnings Of sad Com
pany shan be surplus remaining here sha Pc P.a
0o OF ne sp5am on an he old stock OF SAID Company
held BY stockholders and remaining uns1rfendereo Alu
there remain any o. ssla 1e' ,s & be e5l
IL divided snong The stockholders, upon al zoe sOoN'
iad Company new and oid snare AUG ,b zane has
been passed by the General Assembly OF ihe ss s
necucut and accepted by vG's o. .nscsy convened
represented al s'oeAnoiaei' H''NAh
The Bosrd of Trade of Pittsburgh, in urging tor
an Increased amount Of Banking Capital remark
that in Pittsburgh and its Immediate vicinity tnere
are 10 rolling mills, beside others within the com
nsss of so miles-the actual product OF which IS
70 600 tuns of pig metal yielding, with the labor
employed. about s5,oOoOoO per annum There are
also 60 foundries and engine shops, consuming
some 10000 tuns more pig metal and yielding,
with the labor employed, about 100000. With
many glass, there are about SIX arge COTTON iac'o'
rio. together with other kinds Of manufacturing es
Adjustments in that city, producing articles oil the
value Of not less than IS 900 more; which with
saw Is 100000 annually paid for labor in the Vari'
ous establishments, will make 100000.
Five thousand tuns of 7 rail have been pur-
chased for the Rome and WATERFOWL Railroad,
and good share of it has arrived. The Road VIII
be nut in operation from Rome to Pierrepont Manor
q distance of s. miles, this Fall The reliable
means Of the Road are already 100000, and on
the increase.
We learn from the Pittsburgh papers that the
Treasurer of Allegheny City has RENTED to the
Bank of Pennsylvania the full amount OF the inter
est of the bonds of that city, due the LIST of July
next
A survey of the Cleveland and Toledo Road has
been ordered When this Road is commenced,
the whole Lake Road from Dunkirk to Toledo will
be under way.
The Richmond, Fredericksburg and Potomac
Railroad, for the year ending April l. realized an
advance Of $4,000 over the income OF the preced-
ing wear On the same road, during the month OF
April last passed, there was further increase oil
s3 600 over the corresponding month OF the pre-
ceding year.
THE Stockholders Of the Nashua and Lowell
Railroad met at Nashua on Wednesday. The
fifteenth annual report Of the corporation shows
the receipts from passengers during the year end
ing on the lst ult 70 be s6o.O9l 90; from merckan
disc s74,25l II; and from othor sources, SELL
3o5 59-making a total Of receipts sl55,64G a.
The disbursements during the same period, includ
ING two dividends, one of five and the other of
four per cent, were sl55,646 IS. The number of
miles run was 59522 Whole number of passen
GERS. 235675 Number of tuns Of freight, l7O,3sl
The Stony Brook road is leased by the Nashua
and Lowell, and the report of the latter includes
the operations of the former during the year.
The Provincial Government Of Canada have an
announced their intention to repeal sundry acts in
relation to Banks and to create a general free
Banking Law, the provisions OF which are assimi-
lated TO ours, viz deposit of approved securities
upon " hich future issues Of circulating notes can
be made or sanctioned.
Markets...CAREFuLLY REToRTED FOR The TRIBUNE.
SATURDAY, June l.
AsHEs-The market for A'hes is firm but ess 6uoysn,
Ibis S5 67ld56 for Pots and IS 56 62i f1 Peas
The stock yesterday In the warehouse OF Messs Cassidy
Palmer Co. consisted OF fol Oos ro anu voo ~ Iea
CoTToN@The market is hnner today, with sales 100
xirssfrom Liverpool are look ed for Win aixiety
1 FLOUR AND MEAL-Tnere is a heavy feeling IN The
low ma medium grades Of Flour and the better grades
nm The demands moderate and less speculative &C
uon excepting III Canadian. The sales Of dome,uc are
4OO bbs ct 56d5 6t for common, 621 a. 10 for strait
and good staie 75d5 81 for mixed and fancy Michigan
I25d6 10 pure Genesee OF Canadian The sses arc
SoO6 bbs and he rather weaker al ~ 10 for
bonded 6cd5 Is for free portion OF the sales were
for future delivery private terms 10 southern he qao-
aons are weak Sales 500 10 1000 b6s I5G5 81 Tor
mixed and ctr ait brands 25d6 50 for fancy Meal 10 o.
for Jersey with sales 100 b6ls also, sales LOO bos Rye
Flour al 5 CO.
GRAIN-In Whes; there are no transactions, bat The
MARKETS trm with very small supplies Corn Is In small
supply but little done The high prices restrict bust
ness Sales 1900 bushels fat yellow fumored al &C. and
ard SEQ aged 66c. Round yellow Ia held at I'll d7lc.
kye ess buoyan ssles on bushels al 6Sc Oats are
better wnh sales Northern al 81 d52c; Jersey 49d59c.
PRovlsloNs-The market for Pork il. shade hrrnsr,
with sales 500 or 600 bbs al 10 (5d0 8l for Mees the lat
short time IS for prime; $40 foe Mes, Beef
continues hrm with some inquiry sses 500 or 900 bbI at
quotations yesterday Lard IL active and the market IL
better The sales 200 bbs ali private terms except
bh al &c and IS bbs head &c The
were rer ,rled to bsve been liz provement Ia Cut
Meats the market 10 duh ssles % bids short Mddes
Sc and few bbs short Shoulders al u q bb parcel