New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-02-18
MONDAY, FEB. Up NJ.

ket noticed last week, continued this morning
with increased force. The advices from Europe
sad California were considered very favorable by
the street, and the buyers came in with avidty,
and by their purchases pulling the market up
from to 81 " cent. The demand was very ac-
tive for nearly all the Fancies, but the largest
transactions were in Harlem. of which nearly
1000 shares were sold, opening at 60 and closing
at 7O3, showing p cent advance from Saturday
Farmers was also active closing at 674 showing
IA y cent advance. For Reading there was
fair inquiry, and the market closed at GA, u cent
advance. Morris sold at 2O3 The injunction in
cubus keeps this Stock down. There was a fur
tber Improvement in Mohawk Of . v cent selling
Mt Second Board at 81 The inquiry was ac
tive A small sale of Rochester and Syracuse
was made at 1871 A very important move
ment is now going on in relation TO the
line of Roads from Albany to Buffalo, and one
which, if carried out successfully, must materially
increase the value of all the Stocks in the line,
but especially Mohawk A Committee was ap.
pointed Of Delegates from all the Roads, at the
last meeting, to consult upon plan for the cOnsO
idation Of all the Roads in the line into great
Company, and it is believed that a satisfactory
arrangement will eventually be made. The econ.
omies and other advantages of such plan must
be immense, and in the competition for traffic
which is growing up by the completion of new
lines Of communication betweenthe East and the
West, the policy of having the entire Central
Line of Roads made only one great controlling
Board Of Managers, must be apparent to all. Del
aware and Hudson improved / per cent; Ports
mouth, and Edgeworth were better, the former ad
vancing to Isl and the latter to II. rise of per
Gent in these cheap stocks is a much larger profit
than the same amount on the higher priced stocks
The same money which will buy one hundred
shares of Erie will buy nearly six hundred shares
of Portmouth or eight hundred shares OF Edge.
worth, upon which one per cent. RISE gives six
and eight times as much gain. For this reason
they are favorite stock with operators Of small
means, but who like large profits. Norwich was
very buoyant and improved II y cent, closing at
663. The causeless decline in Madison and In
dianapolis on Saturday to 90, brought in large
buyers, and 400 or 500 shares were takenup at 90,
re- sction Of y cent, at which more was want
ed. The immense receipts of this road as COM
pared with last year, are attracting the attention
Of capitalists. Erie improved to s43, advance
Of 81 " cent. A report of the Company will be
made during the week, which, it is rumored will
exhibit the affairs of the Road in very promis
ing condition, and show from reliable data, that
the income for the year, after the completion,
will pay all expenses, repairs, interest, elk per
cent dividend on stock and leave s24OO 900 for the
surplus fund. Income Bonds went to 954. These
bonds are to be convertible into the new issue
within two years, and the new issue is convert.
able into stock. There was an active demand for
Long Island, with sales OF :, 500 shares and an ad
vance of v cent, closing at 25I bid. For Gov
ernments there was moderate demand and the
market was firm.
The demand fer Exchange is light, and
the supply good Sterling is "a q 10 for good City
signatures with some bills with Bills Lading at
tsched, as low as 81, Francs, 5l2I Amsterdam,
ii942; Bremen, 79l a 79l Hamburg, 500 237.
FTeights are firm bat not very active.
To Liverpool we notice engagements at 532do
He'd for Cotton; Cd for 1000 or 5000 bbs Flour;
Sd for $500 bushels Corn l2s d9l5s for Bacon
and other heavy goods and to London 25s for B a
con. ship was taken up for St Petersburg at S5s
for Rice, and &c. for Cotton. To California there
is not much doing
BY an advertisement in another column.
it will be seen that Messrs Haggerty, Draper x
Jones will offer for sale on the 10Th inst. $4,000
Of the per cent Mortgage Bonds of the Mad
River and Lake Erie Railroad Company. We
some time since gave full statement of the Sc.
curity upon which these Bonds rest.
The receipts at the Sub-Treasury are
sl45,s4s, the entries by the Africa increasing the
Duties. The payments were S2,l74,37O, includ
mig the transfer draft of 81 900 OO0 which is being
paid out here on Mint Certificates. The sctua
amount paid out for this purpose is sl,Ss6,s33
leaving in vault s2,55O,9o6. The Certificates to
be paid have been increased to No. COO.
We have telegraph dispatch from
Springfield, III. stating that the Legislature had
passed the General Banking Law over the Gov
ernors veto. This law is very similar to the law
OF this State bat admits q greater variety Of
stocks, including those Of Illinois. The law must
now be submitted to the people. The Constitu
tion OF Illinois contains the following sections;
SIC The stockholders in every corporation or Joint
soeA association Tor banking purposes issuing bank notes
be Individually responsible the amoppt OF their rpec
tive shares OF stock such corporation or ASSOCIATION
nor all its debts and liabilities Of every kind
SEc No act OF the General Assembly, autlorizng COZ,
porstions associations with banking poers sbsl 90
into effect In any manner be in force unless he same
shall be subKiuedFo the people the general election
nc succeeding the passage OF the same De- approd
By majority u all he votes a, sach vleedon for and
" ainst such law.
Another important event 10 the history
u the present Legislature Of Illinois is the passage
II the Central Railroad bill, measure by which
he will be enabled to reap the advantage of the
ounifcent donation Of land made at the last SEES
ion Of Congress. This rosd viii run from Cairo