New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-02-24
COMMERCIAL AND MONEY MATTERS.
SAruRpAY. Feb. ~. y


There was no session Of the Brokers
Board to-day, they having adjourned from Friday
! to Monday, out of respect TO the request oil the
Mayor. There were, however few sales in the
st. and those indicated very firm market. Sales
100 shs. Harlem were made at 7Ol and 100 Canton
at IS a 81. There were bids made for several o.
the f ancies, including 62i for Reading, 6si for
Farmers, CIT for Norwich III for EdgewOrth,
24l for Long Island. Indiana Preferred SIS, Al
Edgeworth was very active at Boston to-day,
several thousand shares being sold under an ad
vanciDg market, which closed at l2i. 1t is now
the favorite Fancy at Boston, and promises to be-
come active here. There has been large activ.
ity in Indians Preferred per cents. within few
days. partly for investment No one aware OF
the resources Of Indiana can doubt that sooner or
later her entire debt will be paid, and that in
very few years she will pay her fall interest re-
gularly. These SIS are now so cheap, that they
are being put away by capitalists as one of the
best investments for their funds where no imme.
date revenue is necessary. They carry interest
at per cent from 1s47, so that a certificate o.
$4,000, costing at the market rate s2,O50, bears
q 900 interest and the actual cost OF the princi
pal, therefore, is only 81 $50, or 81 per cent The
interest on these stocks becomes payable in 1853,
and the principal is len on the Wabash aud
Erie Canal lands after the payment of the Eight
Hundred Thousand Dollar Loan. The sales OF these
lands became interesting to holders Of the stocks
The work upon the Canal in Indiana is pro
crossing with vigor. The whole line between
Lake Erie and the Ohio River at Evansville
Sod NIT firoa eafh nv ha
Trustees The business on the finished portion
will be very large the coming season, the amount
Of produce accommodating at Terre Haute, La Fay
cite and the other points, is beyond any previous
season. The Trustees have met with large sue
of late in disposing of the Canal Lands, from
which portion of the fund for constructing the
Canal is derived. The following showing the in.
crease for the past two months, and for the year
ending lst December last:
WABASH AND ERIE CANAL. INDIANA
Receipts for Lands sold December 1850, and an o. -
uary 1901. eoo<o Of
Receipts same months last year.......... B,3iO 50
Increase......................"s9l935 q
Receipts for Lands sold during the year ending
ing lst Dec SlO94Ii Of
Receipts from same source during the year end
ing lst Dec. lS49 foIlo %
Increase. OBSERVATION-DISCLOSURES. $SS,S56 o.
The Receipts OF the Long Island Road,
as we showed day or two ago. for 1850 were
$4,000 The estimate of the Directors for this
year is 5000, 600, and the increased receipts thus
far are in that ratio, although the new arrange
ments for the accommodation have not yet gone
into operation. The Road, under the economical
management of Mr. Maynerd, will, it is believed,
be operated for $1,000 and perhaps less. There
will then, after paying 3O,OOO for interest, be
$50, 900 or $4,000 left for dividends, which lower
amount is equal to v ct. on the capital stock,
or T. ct. on tho present price
There was a moderate business done in
Exchange, and the rates are without change.
Sterling, 9lalO, for City signatures; $40 for
Francs. There was a considerable amount of
Sterling over.
In Freights the market is firm, bat not
active: Cotton, 532d; Corn, 3d. Flour, lOdi
1000 bbls Oil, 1Os9l2s Cd; $500 tuns Palm Oil,
80 DO Logwood and Is do Butter, l2s cd 800 bbls
Beef Is Cd and $50 bbls Resin, on private terms
To London, 10 tuns Anthracite Coal, 22s Cd. To
Glasgow, 400 bbls Flour Ia Cd To Holland, 400
bbls Oil, Sc and 100 tuns Measurement Goods,
3Os. To Havre, dull at previous quotations. The
new ship Leviathan, 1900 tuns, built at Dana
riscotta, and large carrier, was purchased at
S67 900.
The subscriptions to the Bank of the
Metropolis now reach million and a half of dol
lars, and the remainder will probably be made up
in the course Of the week The number Of sub.
scribers is over three hundred and fifty
The receipts of the Sub-treasury are
sl24,795 Payments, s576,95e; Balance, s9,lOe,
363
The coinage of the Mint for the week
ending the 18th instant was Si,394,756, of which
slO5s, 400 was in large coins.
The French pacb ct took Sl5O,00O, and
the Washington $4,000 in coin.
A new and very extensive Banking
House is about to be established in this city by
Watts Sherman, Esq, cashier of the City Bank,
of Albany, in conjunction with Mr. Alex. Duncan,
the millionaire Of Providence. Mr. Sherman had
previously declined joining very rich house,
with an important European connection. The
capital Of the new concern, we understand, will
be four millions Of dollars. This house will be
very valuable accession to Wall street, and serve
to take the business world, still more, from out
the power Of the Banks
Arrangements, we understand, have
been concluded for the immediate completion of
the New Albany aud Salem Railroad, from New
Albany to Gosport, IS miles of which are finished
and the cars running from New Albany to Salem,
THE former situated below the Falls on the Ohio,
and four miles below Louisville being the largest
town in indiana This fact ensures the extern
sion of this road at an early day, through La Fay.
cite to Lake Michigan. Negotiations, we also
hear are now pending for the bailding of the Lau'
rencebursh and Upper Mississippi Railroad, from
Laurence burgh to Indianapolis. Laurencebargh
isa Furnishing town on the Ohio, 20 miles below
Cincinnati. with which it will soon be connected