New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-10-31
WEDNESDAY. Oct 9O--P.M.

WEDNESDAY,, Oct 30-P.M
In Stocks the market is very buoyant and the
sales were to considerable extent The Fancies
were buoyant The principal movement was In
Morris, which went to 22b, with large sales. The
operators in this Stock feel very confident OF e
considerable rise. The estimated BUSINESS of
1851, by the friends of the Canal, is as follows;
Receipts. S3OooVo
aasnsg on e . cent preferred Stock $500 sSo
Interest on Debt 10000 nm
Dividend, "a 50 per share. 10000 S9oooVo
With the improvement in the plans contemplated
and the Canal finished to Jersey City, for which
che preferred Stock was issued there can be but lit
tie doubt that the coal fields Of Pennsylvania would
give this work employment to its full capcltes and
place the affairs of this formerly much depressed
Corporation on much improved basis. The
planes which now pass only thirty tun boats will,
when altered according to the planes OF the engl-
neers, pass seventy tun boats, which will make
great difference in the result of the years bust
ness The Lehigh Company it is understood are
ready to contract with the Morris for the transport
tation Of any quantity of coal the capacity OF the
Canal will allow Indeed, as the Canal is the only
direct line of communication between the coal
fields and the great consumer, New York, there
seems no reason to doubt that its capacity OF trans
portaton can ever be the only limit to the amount
Of business done it in this great necessary Of
bfe, Coal. 1t delivered about one hundred thou
sand tuns of coal last year along the line OF the
Canal, and at Newark, which was all its capacity
permitted. The increase in the consumption OF
coal must, for the next ten years, be very large,
es our seagoing steamers will rapidly increase in
that time, and an require immense amount Of fuel
and this new demand will be added to the natural
increase Of household and manufacturing pur-
poses Norwich and Worcester was buoyant and
improved " cent. with good demand Mohawk
WAS also in considerable demand for investment,
and sales after the Board made at 81 and
that price refused at the close, showing an ad
vance OIL Y cent. Erie was steady, and has an
upward tendency. Incomes were IN demand at
90, and some 600 dollars were sold at that
price, part seller ten. The other Bonds were
firm Reading was lower but the decline was
smal Hudson River Bonds sold at l0l, and
Michigan Central at 100, which is 5 y cent. ad-
vance on the taking price, Delaware and Hud-
son advanced to 1853. Portsmouth Dry dock was
steady at Z.
In Exchanges therG IL not iluCH uoIlS 1lu Vic
rates are steady Sterling, lOa 0l0a.
In Freghts there is no activity, and the rates
are as before Flour l6Id Grain, 4!@4}d; Cot
ton, 81 per bale; Dead Weight, los 02Os. 10
Liverpool engagements, GOO bbls Apples 2s
3,000do Resin, on private terms; 1000 bales Cot
ton, As y bale, and Id y ID. To London 1000
bbls. Flour, supposed Is Cd 0ls I'D; 800 do he
SIM Is Cd; 100 tcs Beef, As; 700 bbls. Turpen-
tine, $500 do Oil Cake, and 5000 bushels Wheat,
OF, terms we did not learn and Oil, eos y tun,-
To Havre the packet 9Th inst is nearly full at &c
for Cotton ! cent for Wax and Whalebone, SO
So for Ashes, and $40 for Measurement Goods
70 San Francisco, clipper vessels continue to en-
gage at 81 % foot; the new ship SURPRISE Just ar,
rived from Boston, is engaged about onethrd full
nj this rate. The brig Tuscany 10 years old,
Eastern built, $500 bbs. burden has been sold
Sor the California trade at $500.
The French packet will take a,moderate amount
Of coin
General Robinson of Pittsburgh, President ofthe
Ohio and Pennsylvania Railroad Company, has
iust closed q contract in Boston for number OF
frst.cass Express Locomotives, with all the latest
improvements and adapted to rnu at the high
est rates of speed They are to be delivered
IN the Spring and will be capable OF carrying pas
senger trains in fifteen hours from Cincinnati to
Pittsburgh, by the way of Columbus, which con
necton will be completed next year, The time
from Pittsburgh to Massillon will be four hours.
We have received a pamphlet containing the
proposals for the Michigan Southern Railroad loan,
advertised in another column, statistics OF the con
dition and prosperity OF the Road, copy OF the
mortgage, &c from which we extract the section
of the act of Michigan authorizing the sale of the
Bonds;
Ktract from an Act the Legislature e the STATE Of uiah
gan approved Il 1850, and reierrea 10 IN The fore
going Circular.
Said Company may issue its corporate bonds obga.
lions for such amounts not less than I'VE hundred dollars
and in The gggregs exceeding their capital stock and
IN such form ~ ii NAV proper and payable such
times and places upon such terms and with such rates OF m
teres, (uot Needing eight per cent per anum rs may
deiermipe and may secure tho payment OF the whole,
portion of such bonds or ohhgauons by mortgage OF
the Road other property Of said Company i'ror1ed
That no such mortgage shall eSpect uvadae, at
feet change ownership OF said Road SO FAR Us
vested in this STATE or the priority OF ANY lien or
claim ofhis State upon said skoad or other property or
the purchase price Of said Road or any part thereof OF or
ANY lax now due or 20 become due from said Company 70
this State And the said Company may sell dispose OF and
negotiate such bonds obligations either wln or WIKI
Out this State al rates for such prices and on such
terms us said Company may determine And in said
bonds ohgaioas OF the shall be thus sold DIS
posed of or Negotiated discount, said sale disposal
shat be valid and eHecua ast said bonds or
obligations had been sold, disposed of or negotiated al Their
par value; and said bonds or obligations shall be v&d ana
binding as security for the whole sum payable by the
terms thereof in Tie same manner they had been sold
disposed of or negotiated al their pnr value.
The parties advertising for proposals for halt
million of Stock in the new Farmers Bank of
Kentucky, are receiving numerous applications
from the City and various parts Of the Interior
Capitalists are aware that there is no better field
for Banking operations than Kentucky and that
the Banks of that State have always paid large
dividends. The exports of the State are very
large, affording ample and profitable employment
for the Capital of the new institution in the ex
changes produced by the exports OF hemp, tobac,