New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-02-17

SATURDAY, PM.

cies declined TO 3 y Ct. but the demand was
active, and at the Second Board better feeling
was exhibited and portion OF the decline was
recovered. The market at the close was firm for
most descriptions, with q good demand. Read
ing was active and closed at g. seller 30; Harlem
shows q decline Of v Ct, selling at 673i Erie
went to 81, with small sales, but closed at Sl4
Etonington was firm at 49, There was much
better feeling in Mohawk, which from 60 on
Thursday advanced to s9I, bid at the Second
Board to-day, and 80, seller thirty, asked. The
sales of Cash Stock since the market was SO have
been but few hundred shares, bat some parties
have sold themselves short, and their purchases
may put the market back to the 80 again. The
reduction of fares the line of which this road is
q link, to 60 from Buffalo to Albany, we have
before noticed OF this amount the Utica and
Schenectady get I Sc, the Rochester and SYRIA
cuse . Os, the Buffalo and Rochester so, &C.
showing a considerable decrease from former
rates. The deduction on previous rates aPpor
toned to the Mohawk Road is only a moderate
sum on the through passengers starting from But
falo. Their rates on passengers from points east
Of Buffalo are unchanged. The officers of the
various roads in this chain are confident that the
increase Of pSssensSss osuaed by this reduction
will be $4,000 this year, and that the amount Of
passenger receipts will be larger than under the
higher rates Utica and Schenectady improved
IA y Ct, selling at 1875. For Rochester and Sy-
racuse lI3 was bid, an advance of " ct. The
settlement of the question of fares has had
good effect. Morris was Huctuating and closed at
2O1, decline of v ct. Norwich and WOrces.
er fell off p Ct in the morning, but sold at 65l
at the Second Board, an improvement Of y ct.
Madison and Indianapolis went down to 90, clos
ing at 81 bid. The decline iS solely caused by the
fact of number of small lots of stock being of
late pressed on the market to meet the final in
stalment on the scrip stock now in progress Of
payment, the stockholders at a distance order
ing sales without limit for such purpose. At the
close there was no more Stock at these prices
At par Madison is a 10 y ct. stock, has no debt
and will this year carry q considerable surplus GO
the Reserve Fund. The receipts continue to be
very large, and the whole equipage of the Road
10 employed to it's utmost capacity in transporting
the surplus purchase of that region to market
The traffic for last week was S6,450, against
g. OPS same week last year, equal to us u CT it,
crease. The total for six weeks is S43,25 against
e24,s7l an increase of sls,379, equal to IS Y Ct
Portsmouth was l42 at the close. Edgeworth 81
SlO, with a steady market. Farmers closed
firm at est, decline of = ct. from yesterday
Long Island was in demand at 25. The capital
lists who have taken this Company out Of its diHi-
cslties are engaged in carrying out their plans tor
improving the condition and traffic OF the Road
for relaying the Jamaica track with heavy rails
putting on new cars and engines, &c. The earn
ings for 1881 thus far show a considerable increase
over the same period of 1850 The effect, how
ever, of the new administration cannot be felt IN
til the organization is complete Canton was
firm, and went to COZ. Delaware and Hudson
was in better demand and firm, at 1895. Hudson
River was heavy, selling at 500. The rise in In.
come Bonds having been rapid the market natu
rally fell back / = ct. The last sale was at 94I
Sales of New Jersey Exploring and Mining Com
pany were made at l3i This is new Stock at
the Board, and one Of which operators as yet
know but little. We think, however, that time
will develop that this Company possesses prop
erty almost unlimited in value, and that when its
machinery is fairly in operation it will be enabled
to declare dividends equal to anything this side
of California The mines of the Company are in
Sussex County New.Jersey, midway between
Sparta and Hamburg, and contains immense
quantities Of Zinc Ore and Franklinite. This
latter ore is of great value, but the opera.
tons of the Company at present are confined
to the manufacture of White and Brown
Paints from the Zinc ore. For this purpose they
have erected furnace buildings, mills, machine
shops, &c, at Newark, where they own a valua.
bic property Of 40 acres between the Passaic
River and the Morris Canal About so tons of
ore are mined and hauled to the feeder OF the
Morris Canal daily. This is transported by the
Canal to the works in Newark The present fur
naces and machinery are equal to the manufac
ture OF about 1900 tons each of the White and
Brown Paint annually. White Zinc Paint has
heretofore been imported from France, where it is
manufactured Of zinc metal, and sold at l2I cents
4 10. Its superiority in color and durability over
White Lead, becoming in fact whittier by age. is
proved by the high price it bears The New-Jer-
sey Company can manufacture this paint cheaper
than White Lead can be made, and thus monopo-
lire the sale. The Brown Paint is much used for
painting outside work, iron, brick, &c. 1t pos
sesses gslvanic properties, and having a strong
metallic basis, resists fire when put upon wood.
The sale Of this paint is only limited by the tsell-
ties OF the Company TO produce IT, II is made
oil.
Exchange is without change to notice.
biAs are plenty. Sterling 81 e9i for Southern,
SiolO for City names. Francs, 5 l2I
In freishts the market is steady, but not
active Engagements for 500 bales Cotton at 5.
S2d. Within few days, to London. s.lOO bbls
Naval Stores, Is. 3D., and 80 tuns 3 aeon. sos To
Havre, the packet 10th inst. has Cotton a, 2.
sths of q cent, Rice and Ashes So, and Bark 81.
To Amsterdam, 800 bbls Oils, cents; so bbls
Ashes, sos. To California, ordinary vessels OBJ.
tain 40 a SO cents, and the clippers 65 a rs.
which is a decline The Samuel Russell, for Can.