New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-11-15

THURSDAY, Nov. l4-P,M.

nd
heavy market in the street among the Fancles.
The sales, however, were light. Reading Har-
lem. and Erie were among the most active Stocks
Harlem and Farmers were heavy at a consider
able decline. At the Second Board there was a
sale of 900 Harlem at 62l, mos. Governments
were quiet and firm. The decline of the day, as
compared with yesterday, has been on Farmers
Loan, Il Harlem Erie, ! Long Island X
Canton, II Morris, / Erie Income Bonds
Norwich, !; Reading and Portsmouth closed at
Yesterdays prices For Madison and lndianapo
his l02 was bid The second week in November
shows continuance of the large business doing
on this road The traffic is as follows
'f2'S Ss0
o'''o
Increase 80 y ct....,.........,,,..,....Si,58 5
In Exchanges the market is lower, and the de-
mand is very moderate The leading drawers
have put the price down ! y Ct Leading names
Of Sterling have been sold ct 10Ql04 q ct, and
fair bills at 9l094. Francs ere heavy.
In Freights the movement is small and the rates
are heavy
The Money market is without change in rates
and the supply continues large, with better de-
mand. First.cass short paper goes at &c q ct,
and long at las.
transfer of a million OF dollars has been made
from the sub-Treasury ntllis City to the Sub
Treasury at New. Orleans. 1t will probably &c
by the Philadelphia tomorrow
The Receipts at the Sab Treasury today were
5000; Payments, 1890; Balance, sl230, 1877.
The disbursements were made for paying oil the
frigate ST. Lawrence. The Purser OF that ship
was obliged to pay % ct premium for sufficient
silver change for his purposes
large sale of Erie First Mortgage Bonds was
made at auction to-day and realized an advance
on the Stock Board prices The sales reached
slle,ooO, varying from l0G} to 1865, closing at
1864. The Bonds carry only ID days interest.
The sale was for account OF an Ohio Rallroad TO-
which came into possession Of them in the course
of negotiation for iron in England There were
olso sold at auction about $4,000 OF Newly DIRK
Five Per Cent Stocks at the following rates Pay
able in 1850 1909 1850, 1853 1855, l06t0lo7'
1860, 1854.
The bids for the Michigan Southern Railroad
Mortgage Bonds will be opened tomorrow Fri
day) at O'clock P NJ. at the office OF Wnslow
Lanior < Co., so Wall.st, when the same will be
awarded to the successful bidders.
How long will it be before may step into
by continuous railroad to Galena on the Missis'
sppi? The Erie Railroad will be open to Dun
Kirk within the coming year, which will land us
on the shore Of Lake Erie From Dunkirk to
Toledo, at the head of Lake Erie companies arc
either organized in process OF organization tor
the whole route about $50 miles, and we are IN
formed there is good ground to expect the com
pletion in two years from this time. From Toledo
TO Chicago, distance OF go miles, two com
panies are in operation, one the Michigan South
ern. the other the Northern Indiana. The former
compAny have now ~ miles of road in operation,
md in q short time will extend to ll5 miles
From this point to Chicago the line is said to be
of remarkably favorable character. According
TO n report of MIR. Engineer Jervis, which we have
seen in manuscripts the balance OF this line, about
$40 miles to Chicago will not cost Tor land, grad,
ing and bridging ready for the rails, over $1,000
per mile, and this he considers an ample estimate
He estimates the total capital for road (a iron rail-
with liberal outfit of stations cars and engines
for the $50 miles of main line, and some 40
miles Of branch road at s4,s0o000 and that the
whole line may be put in complete operation
ty the close of next season Mr., Jervis says this
May be regarded as taxing the credulity Of men
who have only known such works in the Eastern
portions Of the country. The nature of the coun-
try is such that very ttle of the usual contngeu
cies that attends the estimates OF similar works
is involved in this line and though it appears low,
am fully satisfied that it is not only sufficient
but will be found amp|e estimate Of the cost
This is certainly an extraordinary line, and the
early promise Of its opening is highly gratifying
But we must take boat on L axe Erie, from Dun
Kirk to Toledo, year after this road is opened
before the Lake Shore road is completed. From
Chicago goad has progressed 20 miles towards
43aiena and Will probably reach Galena in about
two years. We may, therefore, answer our Ques
ton by saying that in about two years from
this time we may travel West from New.
York by continuous Railroad 1900 miles, to Ga
lena Chicago is destined to be great city, and
roads will diverge north to Milwaukee, and
south,westerly to the Mississippi, concentrating
vast passenger business, which will move east
by the Michigan, Southern and Northern Indiana
line aud with the large local business in freight
and passengers, must make this portion of the
GREAT Western line, from New. York, very profit
able investment of capital. Every opening to the
vast and rapidly growing West should be encouE
aged by New.York, so far at least as we may OBJ
tain good voucher for it, as good investment oil
capital, which this appears 10 have.
The Pennsylvania Railroad Company notify
Stockholders that the ninth installmeut OF s. g
share of the Second Subscription, and the third
or NC ~ SrhS in ~ n