New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-08-05

MoyDAY. Aug. 4-P NJ

MONDAY, Aug. ~ N
The depression in the Stock market Is
pnironuoved, and even worse than on SATURDAY,
ov,rg to the unfayorablc adyIces from California
and England Ere Stock declined s, Hudson River
y cent. Enc Incomes 3. Convcrtlbles l., Morris
! Canal b cent. Norwich and Worcester advanced
;. and New-Jersey Mining 60. Z. The quantity OF
Cash stock On the marke; decreases.
Foreign Exchange has fallen off Ster-
Ing IS eidIO, bills on Pans, ll.al2- Hlmourg,
6,a6. Virginia Bank Bills on London sold At 9.
The Money Market continues very Strln-
gent Commercial discounts can only be Obtained
with difficulty, and a number Of temporary sacrifices
| have resulted Good acceptances have brought IL
l. cent. The anxiety to prevent shipments oil specie
continues undated. Since the arrival OF the Allan
TIC the premium OF silver has declined IN ARRIVAL
OF gold dust by the Empire City may inspire more
confidence and produce an easier CONDITION OF ahalrs
The Merchants Exchange Bank, to-day,
determined to receive Eastern and uncurrent state
money on the same terms as the metropolitan. We
learn, however that tins resolution Vas subsequently
resclnCed.
Book for subscription to the Capital
stock of the Knckcrbocker Savings Bank viii be
opened on the 9th inst
The Manhattan and Mutual Life nsur-
anco Companies OF Tins city have complied with The
provisions OF ;he new Life Insurance La" OF ms
State.
The Stock transactions OF the week ID
Baltimore were mainly confined 10 the ceprccia'ed
securities The pressure IN the Money market To-
ward the close OF the week. was mtolcrable. In
dorsed mercantile paper OF good stamp sold 1t ~
/! n cent per month and short loans sstisac-
tory coalerals could only BE- obtained with difficulty
at Ila2 p cent. The Journal says We doubt
very much whether three days OF such unmitlgated
severity IN money matters have been known for Ave
wears m Safest From the indications to-day, We
Judge that the wors! is over al least for the present.
and the ensuing week viii, doubtless, bring consider
able relaxation stocks also continue to decline at
Philadelphia Stale IS sold al s.. OF Saturday and
Reading shares fell OF al = cent.
The contracts for widening and stralten
Ing the Philadelphia and Columbia Railroad have Al!
been awarded The distance TO Lancaster IS to be
shortened FIVE miles, making TIT route 81 miles. The
estimated cost OF Tho work Is 100000
The Ohio and Pennsylvania Railroad was
opened TO New Brighton on Wednesday. The Road
has cost 80 fan a, completed. 100000, when Is
within the original estimate.
Lemuel Pope, Esq, President of the Bos-
ton Insurance Company. and Aaron Milhada Esq,
President Of the Virginia Bank al Norfolk, have both
deceased within few days. The Presidency of
these Companies is therefore vacant.
| The reconnaissance OF the proposed route
! of the Louisville and Nashville Railroad has been
| completed
A new line of Railroad is proposed from
Eaton, O., - Troy or Pqua.
The contracts on the Pacific Railroad
nave been awarded, the bidders agreeing TO take 10
per cent. stock IN payment oftheT coniractS.sr
amount OF stock obtained his manner Is $4,000,
leaving $4,000 10 be raised order 20 secure the
state subscription OF sl5OO,OOO.
The >a,annad Reppbhcdn SUNS up the great lines
Of souihen Railroad, now IN progress a. follows
! / The East Tennessee and Virginia Ra ilroaa ex-
| tending from Knoxville 20 the state line OF VIZ
gina distance ot 1870 miles. Most of tins road Is
undc contract THIS l. the oOnnec ting llnk between
The Virginia and Tennessee, and The Easi TenneS-
| see and Georgia roads, and cannot be brought INTO
! profitable use untl tho latter are completed
| >. Tie Memphis and Charleston Railroad. IL
| commences Al MeAphiS, and runs by Ia Grdnse, IA
| Tennessee, Jaclnio. III Mississippi Decatur, Ius-
cumoia. ana Huntsville IN Alabama ana strIheS te
| NaShviit and Chattanooga road III Crow 'reeNi
! mahlng al entire length OF lne OF PSI, miles
3. The Nashville and; MISSES lppl hMlroai, cN-
tending nom Nashville to the Mlss.ssippi nveI 81 OF
near tie dividing line between Tennessee and Ken
! lucky, distance of about l5u miles We earn Ir0ls
good authority tla the construction Of this road VII
/ e commenced a. soon d reasonable charter oau
oe obtained 1hls IS the last link 10 carry The ROAD
! hom Charleston aud savannah 70 The center oil the
gteat Mississippi Valley. and the natural proonga
/ ton Of the Nashville dnC Chattanooga Railroad -
that nNer, ans vii. doubt.e,s, receive efficient al
! IRON the latter company
4 The Cleveland and Chattanooga Railroad. The
object OF tins rOaG 70 connect me Eist Tennessee
and Georgia Railroad with TIM Nashville and Chata-
! nOcS- and The Georgia roads by line o. about 80
mile. 4 company has been organized for the con
str'lecon Of ihls .o@d. and there be doubt oil
! Il Si,ecdy constructor.
| O. The Winchester a'd huu,syilc Railroad We
understand that a .arse portion 81 the stock neceS-
10 oud tins road has been subscribed and that
there j. probability OF Is construction Al no
remote period II VIII constitute al important
-,nA between the Nashville and CHATTANOOGA and the
memphis and Charleston Railroad It's length will
" abOu! o. mlle>
The Annual Report of the Atlantic and
- Lawreno. Railroad giy,s a faiiering account OF
The financial prospects and conllt,oa Of that WORK
The Road Is new open to Goiham, Y Il. distance
OF 81 miles ar6 70 be competed 10 Tie Connect
cut krer during the year 1851, and 70 rs junction
With to Canada road n taree ycdrs from January
1852 She whole aIcoUni expended and charged IR
tie genera constructive account Is sssso.i-5 3
TIE cApna. stock Is siIO6.6eO. The gross earnings
of -he road are sl-3.44- 3. Net income for the
yea. $l03.2> 80 TIE ssrveys and examinations 81
Inc different route, the Canadian SIDE Of the Inc
re noaIy completed and the point Of ysnction WI!
Re immediately sei;4e. and The road definitely To-
Gated TO the boundary pOint Of JUNCTION The
WORK On the Canadian portion Of tie line Is now
PROGRESSING with yigor and - miles, from Montreal
l. sherbroe,. NIL ne completed II the course Of the
fsesent year The Canadian Corporation : .mDly
provided With means for the completion ~ her
part Of The oilt Undertaking
In order IL ra.se the balance Of cssa means r..
qreG IA hnisi the H. hole road TO tie JUNCTION. The
Directors have Authorized an Issue of ss.o coo nj
boncs- payable N Is years, IN -ani Al interest,
making the who.f 'ssts oi then Own bonds sl.5fq..