New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-10-25
SECOND BOARD.
THURSDAY. Oct. ppm.

THURSDAY, Oct 2l-P.M.
In the Stock market there is still downward
tendency with fair amount Of business doing
Generally the Fancies were lower, but IN some
eases there was an advance. Norwich was most
buoyant, and at the Second Board 1000 shares
sold at 81, buyer ten, and 81 regular, showing an
improvement. For Governments there is good
inquiry, and the quotations are steady.
Exchanges are quiet, and rather heavy at 1870
lOa for Sterling. Francs are 5.l8305- Is. Am
sterdom, 4l04l4. Hamburg, 36@364 Bremen,
eo0eO}. Buyers generally declined to operate at
the high rates demanded by drawers.
IN Freights the movement is to moderate ex-
tent, and rates are less firm than yesterday, En-
gagements 5000 bbs. Flour, 15d 10000 bush
Wheat, 4IQ5d Cotton 3s Sd per bale; Dead
Weight 1854 20s, including Cheese. To London
Cheese is 3Os. Flour I'D To Havre, Cotton is
3D. There is not much offering for California.
Money continues very abundant, and on Gov
ernment Stocks can be borrowed at v cent
On other Stocks, on long time, at v cent.
Farmers Loan was firm with considerable de
mand at 461. Reading closed at yesterdays
prices Erie was heavy and declined to 753, al
though the prospects OF the road were never bet
ter The receipts of October are unprecedented,
and judging from the amount already received,
we shall be disappointed if they do not exceed
$4,000 equal to s2,0l0,000 per annum, giving
net income in the present unfinished state OF the
road, sufficient pay the interest the debt and
nearly y cent. dividend on the stock. Income
Bonds declined to 9ls, with small sales At this
rate to the party who holds them to maturity, they
pav nearly 10 ~ cent. per annum interest. Nor
rs was also heavy, and fell Otto 195 at the Second
Board There is desperate struggle in this
Stock between the bulls and the bears. Della
ware and Hudson improved u cent recovering
two thirds Of what it has lost. Harlem was heavy
at decline. Long Island fell Oft per cent
Portsmouth Dry Dock and Pennsylvania IS I'M
proved per cent A bear sale OF 10000 Federal
6s, 1856, was made at 100, seller SIX months for
this continued decline in Stocks there is no reason
to be found in the Money market and it is to be
only ascribcd to the natural operation OF the mar
ket which always after u considerable rise, reacts
two or three per cent
The receipts of the Stonnington Road, for the
year ending Aug. 81, 1850 were
Passengers iih@l2 w
gi 70 u
Mail service, &c..''''.. ' "
Total .sI86.5lo ~
Boiancc, 3lst August, 275 1873 90
Total. .cI6V,-o6 "
The expenditures have been run
} ming expenses and repairs. ,...,SGl,2O9 W.
Interest. ,...,,....,. tU,o1o 0u
Extension, Road bonds pald.,...... 10000 oo % %
New Engine n''1 and Land drainage, 1855 .
Dividend l3''oV w A'l'ii %
,,,..,.., material. .. ., 1853 5553 8 8
Total. ,$ll3'2 10
The receipts from Passengers and Freight show
an excess of sG525 over the same time last year.
The reduction of the debt of the Company steadi-
" progresses during the past year Bonds have
been paid to the amount of $4,000 viz $4,000 of
the seven percent Extension Road Bonds, and
$4,000 of the original six per cent Mortgage
Bonds The Indebtedness of the Company on the
3lst August 1850, was 5000, i46 50, of the seven
per cent. Bonds for building the Extension Road
and of the six per cent Mortgage Bonds which
originally amounted to s65OO there remains
$685., 500, having redeemed of the former $4,000
and of the latter Si1l0500. If the local business
of the Company continues to increase as it has
since the Second Accommodation Train was put
on it is believed, that after having completed re.
laying the road (which work has been in gradual
progress or several years past, and will be flush
ed the coming year, at an expense not exceeding
the average OF former years the local business
will keep the road in order, and pay all the run
ming expenses. The entire receipts from Through
Freight and Travel can then be applied to the
payment Of interest on Bonds, reduction Of the
Debt, and for Dividends ON the Stock,
Gen. Robertson, President, and S. w Roberts,
ESQ Chief Engineer of the Ohio and Pennsylva-
L md hay,
closed contract for chairs and spikes TO complete
lo7 miles Of their line from Pittsburgh to Massillon
in Ohio, at low prices, payable in the Mortgage
Bonds OF the Company $500 men are now at
work this Road and thirty miles, to Beaver,
will be completed carly in the Spring the entire
line toMassillonby September of neXtyear From
TIE latter point to Wooster the road has recently
been put under contract for grading and bridging
The Payments at the Sub Treasury to-day were
s53,976 o6; Receipts, $t6O95; Balance, ST.
5A9,9ol.
The attention Of the creditors OF the State of
Illinois is called by the Agent OF the State, Mr.
Wadsworth, to the necessity OF some action in
relation to the donation of land made by the last
Congress for the completion of the Chicago and
Mobile Railroad This grant gives Illinois about
two ana half millions Of acres of land upon the
condition that the State builds the road within
her limits, with branches to Galena and Chicago
within ten years II the road can be built IN SEQ
,tions of so or 100 miles, and the lands sold alter
the completion of the sections, it is thought the
wdolc amount viii yield ten or twelve millions OF
dollars, while the cost Of the road viii not exceed
eigh: millions Mr., Wadsworth suggests that in
orde, to save this valuable donation from the
graspes private companies, and that it may &C
crue 70 ahe benefit of the State and its creditors,
that the creditors should take some action in the
anasses-elther by forming Company for the