New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-08-07

emit terminus into the CttY OF hlohhy. iuh tptsey
hiss already been made and Il is a'certsi'ed tha;
very favorable route can DO obtained and the
road completed and placed in perfec, ORDER az an
outlay Of about 5000 600. The grSde Of the new
road will be much easier than that Of the Albany
and Schenectady Railroad, snd all the most recent
improvements will be introduced into in construc-
ton &c We think the c1st Of the Albany and
Scheme ctsdy Railroad ha1 been from sl,70OoOo TO
$4,000 00O AS it was the pioneer road IN this
country, its cost vas greatly Increased by many
useless expenditures, naturally cousequen. upon
want o. experience. The traffic on this rolte'
however, increased 30 rapidly, that both roads
will, undoubtedly, do profitable business. Inc
General Railroad Law admits Of the constru,ton
Of new roads in any part Of the State, by iniiv'd-
uals or associations, who comply with the require
meDts Of the law, without special legillstion'
The above emanates from the same spirit whose
knockings in the Herald have lately been 30 Ire
quent. and is one Of the series Of movements in
tended to operate on the value OF the stock OF the
Mohawk Road. 1t is well known that there has
been for some time project on foot 10 consolidate
the Utica AID Schenectady and Schenectady and
Albany Roads under one corporation, and that Ine
obstacle hitherto has been the obduracy oil the
Schenectady AID Albany Directors, in holding the
value Of that road above the views OF the other
negotiating parties. It'll not dithcut 70 understand
that IT, by working the fears Of the stockholders
by attacks on the finances Of the Company, and by
rumors Of parallel roads, the price can be knocked
down IS or 90 per cent. below its actual value, the
negotiation might be materially faciItated.-
"Hence We view the above paragraph and the
attacks In the Herald.
As to the idea Of another road from Albany 10
Schenectady, it ia simply absurd, and we doubt
that any such enterprise is anticipated by any
slne Albanian. There are in fact tao roads al
ready from Schenectady TO the Hudson River, and
iustead OF doing a paying business, one oil tnem
the Troy Road does not pay It's repaifa ana ran.
ming expenses. What chance third road would
have we think s too dubious, or, rather s1iicensy
clear, to prevent any capitalists from embarkng IN
it, Instead Of costing elk hundred thousand, such
a road would cost nearer twelve huRdred thousand.
The right Of way alone in the City Of Albany, de-
pots and water rights would cost not less than
100000, one.baf the sum estimated in the para
graph above quoted.
If any such survey az is spoken Of has been
made, some Of the leading men Of Albany have
never heard of it. They scout the idea Of an
other road, as one that has never for moment
been seriously entertained
A parallel road from Schenectady TO Utica is
much more likely and practicable than this new
one from Albany to Schenectady The high price
of the Utica and Schenectady Stock, aud The large
dividends made by that Company, have induced
many people to think that road between those
points on the south bank OF the Mohawk, coqld be
built and managed to pay well.
The arrival Of the Cherokee, with two and
quarter to two and half millions OF dollars 10 gold
dust, will increase the confidence felt in the street
in the continued case of the Money market during
the year, and in that ease being entirely independ
ent Of any drain which may possibly arise for coin
for Europe. The export Of specie even should it
recommence, could scarcely reach the amount
which we are monthly receiving from California
These receipts constantly flowing into the avenues
of trade, and gradually absorbed by the Banks,
sUpply also the vacuum occasoned by the abIorp-
ton Of the subTressury, aud obviAtes ell the c n
barrassment which might otherwise be fe. from
that drain. The amount brought by the Cherokee
added to the total amount Of gold received from
California at the Philadelphia and Neg-Ofleans
MINIS brings the amount up 70 T Senty three and
& Half Millions Of Dollars The amount received
since Jan. is Sixteen and a Half Millions, which
will probably be Twenty. eight to Tnirty MillioDs
before the year is closed.
There is good assortment OF Clothing, and the
Soath and Southwestern, as well as the Califr
MAN demand, is very active. Cotton Goods are
not as active as Wooden, though the stocks are
good and varied. The increase Of manufactures
in the South will be felt heavily this season 10 the
North as large portion of their usual demand is
cut off. Brown and beached Sheetingg and Shirt!
inss are wholly inactive, with large stocks; yet
with an attempt en- the part of owners TO advance
their prices There has been n fair demand, both
speculatively and for consumption Of Printing
Cloths without change OF pr ces. Prints and
Ginehams IN good request, fully eInal TO the
supply, and sufficient 10 keep production at work
10 tie usual point Shifting Stripes are IN quick
demand for California and ths West. Toere has
been an improved demand for Muslin de LANES.
The Liusey manufacturers have agreed 10 continue
in force their last years combination to sell at &C.
Satinets are scarce, with good demand and Gd-
vauciug prices. Tie new sty 10 Of American Cas-.
simeres have sppesred-the plaid taking the LEAD.
The importstions for the Fall are closing.
Thompson's Bank Note Reporter gives the fol.
lowing quotations for broken bank money:
Faled Value per d,H.
Hamilton Bark R. l.....Ju1e 1919 ............-c.
Bsrk OF Nolwslk ONO Jan s. Sti..,..........5c
Bsri o. ssnou'ky, ONO. Jan 1872 ,..;'.'.'..'3c
CsnH Bark, Albany ........JuIy H. a ~ A h..'91:
Bank Of Wooster, ONO. March 2Dc.
peawere Bridge...... Dec. y, al 10 A Mo-. luc.
- Reel Esa.e Notes. -. '70c.
AuSs Bulk '''''' ''''' '''' n. STOCK NoIes...95c
Lewiston BAnk. Pa ......... November .........-c
Bsuk Morris, N J..CciObet - ...........-c
Bank OF sUsquehenEa Co.. October ~ '.'..'....''''-e
The market for Printing Cloths, az Providence
hss been more active during the past week
There has been 70 positive advance, ba. holders
are frmer. The transactions embrace 5000
lieces, 4lx4s 70 6lxcs; ~ g inches. pat at ~