New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-12-19

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WgDsEsnhy. Dec 18-P M.
In Stocks the market is still very buoyant, and
nearly all descriptions improved. There appears
to be as much vitality the market az there was
when the upward movement first commenced
The aales Of Reading were over 1000 shares ana
the quotation was better. Governments were
steady aud quiet. Norwich and Worcester was
one Of the most bnoyant Stocks, advancing to 674,
nm Improvement of 3 p ct This rise was not the
result of any combination to advance prices out
il ocoasioned by the active demand occasoncd by
the rapid improvement in the condition Of the
road. At to days quotation, the Stock costs
$50 25 " share, on which the dividends next year
will not be less than s. W share, equal to nearly
10 y, ct on the Investment. Harlem was without
change Of importance. The market FOR Erie went
from 81 to 871, ard Auctuated between those
points finally closing at 81. Some Of the Shorts
are supplying themselves for the opening, when
the delivery must be very large. The contracts
coming due before the lst FEBRUARY, together with
the borrowed stock to be returned are sufficient,
it is asserted, to place the stock at par by that
time without regard to the merits of the stock
an investment. Large parcels Of the stock have
Gently been taken permanently out Of the streetby
capitalists. There was good demand for Albany
and Schenectady at 81 at which all was bought
that was offered Hudson River suddenly ad.
vanced to so with small sales. Cotton was steady
at 55l Stonington has an upward tendency
Farmers was in demand, and advanced to 561,
an improvement of ! Y ct. Erie Securities were
in demand at improving prices. Morris was also
buoyant and sold 2l2.
In Exchange there is bat little doing, and the
market is steady.
Freights are held firmly with but few engage.
mcnts. Flour is I'D. Grain 43d a sd. Cotton
Sled Dead Weight los @2Os. To Liverpool
by the Arctic, there were engaged aeon, 20s.
Cheese, ass. and Apples IS. = Dbl. To London,
Flour, Is. I'D; so tcs, Bacon, 25s. Cheese, 30s.
100 casks Rice, 22s Cd. 700 bbls. Oil, 20s.i and
500 bbls, Oil Cake. Is Cd. To Glasgow 80 ties.
Beef, 3s. small lot Flour, s. I'd; and Cheese.
25s. To Hayre. the packet goth has 9, 200 bales
Cotton at Of a cent, and the 24th some at the
same rate. To California; there is considerable
going forward at GO 90 cts. the latter rate by
clipper vessels The Sea Serpent is nearly full
ut 81 % foot The ship Kate Hunter was taken
np for Port Layaca at 500 for the cat, with
Troops.
In Money there is no change to notice. The
supply is abundant and loans were made with
Increased freedom.
The Receipts the SobTreasugy were 536,228.
Payments 81 ,4l9. Balance s3,325,72O.
Considerable indignation, aud some alarm, was
occasioned to-day by the telegraphic dispatch
from Cincinnati, stating that the Ohio Convention
would probably agree TO the proposition taxing
the State debt. 1t was justly argued that such
course would be dishonorabe in the extreme and
nothing less than positive reputation, to the ex-
tent of the tax. As we understand the PROPOSE
ton, however-and we are confident we are cor.
rect-it does not propose to tax the State debt in
the hands of foreigners citizens of other States
but only to make it personal property, and liable
TO tax in the hands of the citizens Of Ohio. At
least this was the original proposition, and we
cannot believe that the rich and noble State OF
Ohio, after making such honorable struggles as
she has heretofore to maintain her faith, will
descend to such miserable repudiaton as this
would be. Formerly, nearly the entire State debt
was owned out of the State, but since the estab
lishment Of the new Banking law, with Ohio
Stocks as basis, probably one half the debt is
owned in Ohio, and it has become important to
the revenue that it should be taxed, Pennsylva
MIA, we believe, has alone adopted the dscredit
able practice of taxing her State debt in the hands
of foreigners, aud this was only submitted to be-
cause the dividend, with the tax deducted, was
better than no dividend at all But she will never
recover from the odiuln of this virtual reputation
and we have no beliefthat Ohio has any intention
OF sharing it with her
The Asia took SO, sos, part in gold aud part in
silver. There continues to be scarcity of silver,
and the Sub-Treasurys today, was forced to bay
American silver, for the purpose of making small
payments, at y % cent premium We quote