New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-05-31
THURSDAY, May 80

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THURSDAY, May 80
The Stock market to-day has been without much
activity for Fances, and the changes are not ma
terisl Farmers was more buoyant and went to
4O2, but afterward fell back to 40i. Governments
were in good demand, and at advanced prices,
Elves, 1867, sold at 1893, aud of 1868, al l20
In Exchanges there is not much doing, aud the
rates are rather weak Sterling ia nominaly y q
10. Francs, 8. 27I FOR good names.
The Freight market is less firm, in consequence
of the advanced prices demanded for Corn, aud the
small quantity Of Cotton offering. Engagements
500 bales Cotton at 5-32d 10000 or 10000 bush
Corn 35d, with rumor of an engagement az 3D.
Flour Is, Naval Stores sd, Dead weight l0s a l2s
Cd y tun. For Hamburg 500 bales Cotton were
Engaged at &c, and to other ports Of the North OF
| Europe some Ashes, Logwood, Slaves, &c. Three
/ or four foreign vessels were engaged to load deals
at St. Johns for London at f3 Is, and two or three
cargoes of Slaves were engaged for Spain at Ella.
To California there is moderate business at coo
a70c.
The Money market is abundantly supplied, and
the Banks are in some instances taking paper at
5Pct. One Of the street Banks has seventeen
hundred thousand dollars in coin in it's vaults.
1t is proposed that in case the New York Mint
/ bill fails, to authorize the Sab-Tressurer here and
at Boston to receive god dust, weigh it, and
transmit it to Philadelphia, and Immediately upon
assay ing, to pay the owner the value in coin. This
would expedite matters very much, aud prove a
great relief to our mercantile community who re-.
ceive gold from California.
The Delaware and Rartan Canal and Camden
and Amboy Railroad Company have declared an
extra dividend payable in the Bonds Of the Com
pany. A like dividend will be paid at the same
time to the stockholders of the Philadelphia and
Trenton Railroad, for their interest in the united
Company
The receipts at the Sab Treasury were STOP OILS.
Payments $50, O44, Balance s9,742,964. The whole
amount paid cut on Mint Certificates is about thir-
teen hundred thousand dollars
In an notice Of the Dnuphine and Susquehanna
Coal Company, the sylranian says, with great
justice " The soul Of the enterprise however, is
Col Henry G. Stebbins, (of New-York,) to whose
unfncbing zeal and enthusiastic perseverance, the
parties interested owe debt OF lasting gratitude
The name Of WIN. L. Havemeyer is guarantee OF
the substantial aud responsible character OF the
Peqna project
A letter from Detroit having been published in
the Express of this City, in which the Southern
Michigan Railroad was unfairly attacked, the fol.
lowing communication in reply has appeared in
that journal:
THE MICHIGAN SOUTHERN RAILROAD.
10 the Editors Of The Erprcss.
You permitted correspondent, who purported to write
from Detroit under date Of 29h April 10 occupy column
Of your paper Of the lh inst with elaborate assault
upon The M.ctes ssu,hsm Railroad. The Article is It's.
Of miscellaneous and studied Misrepresentation is
tone Indicates lis sources tud shows Il 10 be part OF
system which has been adopted by the friends Of rival
road aud which hiss led lae 10 throw every obssce la
he way Of an ettsrpse The success Of which they tear
You have ALPHABETICALLY dOa5; GA your psrt) given
currency the ssleIen; Of enemy OF the chigan
sVuihesn Rosc la friends demand OF your justice op
The sflce "a question processes to state the power Of
the Michigan soaieln Rosd under is original Charter,
ana aeon Of hs Michigan Legislature upon appi.
csicn amendment Of its Charter last wiasr lie
nissa,ed boA Speaking of 'he original Chsrer the wr-
.Tnder this Charter lhe Michigan Southern Railroad
be constructed wholly within hs State and Is pure
The Charter OF tie Company s before mel and it Suhor.
zes The construction Of The Rsslroxd "from Monroe on
Lake Enc TO Lake Michigan upon the line heretofore
veytd BY The State anyseye further soaf,ard than tat
lne' West Of us present terminus Hi ise-no point
10 The 10 definitely fixed except ColdwSier which 10
Atsr psssiag Coewsier the Charter leaves the Company
free 10 choose hsir own route, ana al perfect liberty 10
hi their road entirely within the State u Michigan or 10
dverge and the line TITO indans at such point they
ray select TIE Charter speaks Tor ITSELF no int-
gent eiizen OF Michigan and public oHct0nay can bs
und here 10 question lhe accuracy u his Construction
nd the Charter csEaoi bs altered amended repealed
hy the Michigan Leg Stature without the Of the
Company ur thirty eas a. eT ia passage, then WIKI
out con pen sston ~ the Company.
10 the ect passei last Winter The Legislature
fw III the consei Of lie Compauy and not IN Hostility lis
wishes presented BY your corespondeni further pro-
ydtd that ConslsDEe me 60 Jo,eph River shoad be
Point N The lie road Speaking OF The action Of
tha Lcgislsnlfe your correspondent
The Legislature reiussd 10 grant toe prayer OF the
mortal and sunorixed change IN the 81 he road,
ard refused grant 10 IL any authority connect with
roads contract with rsGies sTes 10 Indiana
~ vwh re be BY Otherwise and
also Of 10 consolidate With company OF the
State They lot only did ln BE-. understanding that the
or rany put claimed TIE pu s1ch coaslruc-
Zoe upon Tie ongias Carrier has bson stalled
provided 10 the amendment passed. shat no
urh construction shoac be pct Hpon the odgna charter
& would suthorze The construction OF ire rosd iron Cor
anime To Tie ln1srR ae until TIE Legislature shoald BY
Il scion "a; horize II 10 be done
So sr nom is being true, the Legissgre did grant the
rsysr OF the memorial and passed lie bill reqaested ey
he Company, with the sinpe exception thsi under The
crcsnuated opposition Of the Michigan Central Railroad
ompxpy and rs Numerous lobby The Legislature did not
% he provsion for CONSOLIDATING tho road wiki other
ON sneS nndef allzlIlon ard mansgsGaat Ths
Question affecting merely the oonyeasnce " ths Goa.
spy In the ssrsngeeni OF iis rosds bat In manner
uafyins or IssEninng lie conceded right " form the
nv connection for iIs eoningops route 10 Chicago
-. 49, IL