New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-05-15

Tuesday, HaT II


Tuesday, Gayli
The Stock market was generally buoy ant az the
/ First Board, bat at the Second Board the market
fell of to p cent Sound Stocks are in fair de-
mand and held firmly.
The Freight market is steady. Two vessels
have been taken up TO load lumber at Quebec, at
94a44ls To Liverpool, 500 bbls shipped at IS
sterling $4,000 bush Corn, 2l Deadweght, a
lOs. To Hayre, some Cotton was taken at 81.
Exchange closed with iirmness, and the supply
was small Sterling was % a l0l prem; Francs
! $685. 526I. The demand has not been large for
this steamer. The recent movement in Cotton
will probably produce a better supply Of Bills for
the next steamer.
The Specie in the street now stands hi cher than
it has done for long time, and is continually accu-
mulatng by the receipts from the South and the
West, and from the minting of the California Gold
at Philadelphia Two of the Banks in the street
have over million of dollars in their vaults day;
the Bank of New York. which has s ,204 900, AMI
the Merchants which has 81, 026,OOO. Another, the
Mechanics, has s93O,OOO The aggregate amount
today is IS s2s, 900; su5-Treasury, sI7OO,OOO-
Total, sl3, SOS, 900. The amount n the Banks on
the 30th March asst was S6,s6l, sol showing an
increase of nearly two millions of dollars since that
time The aggregate on that day was
Banks. 1881 Jll
Total. sll 5775Ol
A Above. lSoH'
Increase In six s2l5)5l9
Large amounts of Silver are coming in from the
South and West more than sufficient to supply
the dra for France; nearly hundred thousand
dollars arrived here to day from Ohio and two hun
dred thousand are on the way from New-Orleans.
The steamer from Boston, tomorrow, takes 900
Mexican dollars for the British Bank of North Am
erica, and the London and Havre packets will take
probably an hundred thousand dollars each. This
movement OF Silver is, however, looked upon in
the street merely the transfer of SO much mer
chapdise. The specie in Bank is almost excu
sively American Gold, there being but a small
amount Of sovereigns, and but little Silver. Amer
lean Gold could not be shipped at profit below
llOI for Exchange, and the same remark applies
to Silver 1t is M st prob bile that California
Gold may be shipped to London if the rate Of Elk
change keeps up as that will form good remit
lance Il present quotations. By adopting this
course the cwner of the Gold reslises his funds at
once, and avoids the two months delay of the
mint.
At the annual meeting If the New-York and
New Haven Railroad Co. last week the following
gentlemen were reelected Directors; Robert
Schuyler, Morris X etchum Jonathan Sturges An
son G. Phelps, Elihu Townsend, Of New-York
Henry j. Sanford OF Stamford, Conn; William 2.
Burial, of Bridgeport, Conn John E. Thayer Of
Boston, Mass; VIM w. Boardman Of New
Haven Conn.
Certificates Of Gold deposits up to No. l,55s are
now in course of payment at the Philadelphia
Mint
The following gentlemen have been elected Di
rectors of the National Insurance Co Thos. W.
Thorne, John Van Boskerck, Gilbert Davis, II. Fl.
Ward Martin Hoffman, VIM. Van Wyck, George
Bell John Hecker, Andrew d. Meick, VIM
Meales, Phillip Burrows and Jno. L. Adams. This
Company has declared a dividend Of y cent. for
the last six months, and have Surplus fund OF
$4,000, 1891 y ct on the capitall which they in
tend to increase to 100000 The affairs Of this
Office it viii be seen are in very favorable cOndi
ton.
The Bank # Albany has declared semi-aunual
dividend Of p cent.
The Hartford Life and Health Insurance Com
pany has declared a dividend of 20 v cent. to the
stockholders who are insured on the mutual prin-
cipe. The receipts Of this company to the first o.
May-seven months from the commencement OF its
operations-were S52,3l2 80. Whole number Of
policies issued. l,9O4 The company have met
with one loss OF $4,000.
The Winchester and Potomac Railroad Company
a dividend of y cent
The Exchange Bank of Pittsburgh has declared
a dividend Of y cent.
On another page will be found the Directors
Report of the Hudson River Railrosd. Itgives an
interesting history of the condition and progress
Of the work, and contains much that should attract
the attention Of every New-Yorker. This great
work will soon form link of the chain of roads
connecting this City with the North and West
and its completion is a subject Of deep int
rest to all Of u.s. We are glad to learn that the
Directors see their way clear to flush this i'm
portant enterprise and that they intend to put the
whole road between Po'keepsie and Albany under
contract inme dately. The work will b. COM
meneed at both ends twenty miles from Albany
this way. being about TO be let at once so that the
Overslaugb will be avoided. The whole work will
be pushed forward with energy and completed at
the earliest possible moment In the winter OF
ls5l-52 We shall doubtless have Railroad con.
nection with Albany on the banks Of the Hudson
The Shslbyvine and Nashville tIndl Railroad is
nearly completed. About one half of the iron is
laid and the rest is on the ground. 1, viii be ready
Gr the cars BY the 18th August This road con
meets with the Madison and Indianapolis Road at
Edhb0rgh a very rich wheat growing re-