New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-01-17
THURSDAY, Jan. l6-P.M.

THURSDAY, Jan 16-P.M.
There wss firm appearance to the Stock mar
ket today generally, with one or two weak spots,
and the sales were very large. Canton was the
great card, and went to II, an advance of y
cent but fell off to 10 at the Second Board. Many
operators have great faith in this Stock, repre-
senting as it does large body Of land in the inn
mediate neghborhood of the city Of Baltimore
Edgewortb, another land Company, was better,
100 shares selling at 81. Farmers improved p
cent. Harlem and Reading was 6rmer Mohawk
was in demand at 99I, with considerable sales be-
tween the Boards. The dividend was declared
to-day, at Albany, and is 81 v cent for months,
with surplus Of $4,000. The di-idend is pay
able on the LIST of February. The net earnings for
the six months have been over A per cent, but
the Managers decided that it was the policy of the
Road to retain surplus of $4,000 and carry II
to the reserved fund.- after providing for the above
dividend. The gross earnings Of 1850 show an in
crease of ls y cent over those Of ls49. This re-
suit must be highly satisfactory to the stockhold-
ers. For Madison and indianapolis 10l was bid,
lo3 asked, dividend off. Long Island fell off very
naturally after the rapid advance of yesterday 1t
closed at Is. The large buyers are from Boston
and Philadelphia This Long Island movement,
we understand, is a legitimate movement by par
ties who have faith in the ultimate value of the
property, and who are disposed to arrange the liza.
bilitiea of the road and put it in working order
Norwich was in fair demand at tai per cent ad-
vance. The business of this Road is steadily in
ereasing. Hudson River sold at 60. Erie is
quiet, the attention of operators being turned to,
other Stocks. 1t is, however, strongly held and
the market fuctuates but slightly. Portsmouth
Dry Dock improved to lli. Illinois Stocks are
improving rapidly. The debt of the State consists
Of Internal Improvement Stock transferable at
the office Of the Interest Agent in this City, and
of Canal Bonds. There is difference in the
value of Canal Bonds, in consequence of some Of
them being registered, which not only gives the
holder q claim upon the State for the full amount
of principal and interest, bat also mortgage lien
on the Canal and Canal lands, which insures their
payment The State pays the same semi annual
interest on the Canal Bonds as upon the internal
improvement Stock. The latter being better un
derstood in Wall st. sells at one or two per cent
higher than the former, although the former are
intrnsically worth 10 y cent more than the Inter
nal Improvement Stock Morris was heavy at
as. circular made its appearance in the street
TO day, containing some very strong statements,
which, If they can be sustained by proof leave
the old Stock in bad predicament. The circular
states, among other ayerments, that, should the
Canal earn sixteen v cent y annum, thirteen
cent would 60 to the preferred stockholders and
three y cent only to the old stockholders. The
stipulstions of the preferred Stock subscriptions
were that the Stock should bear ten y cent inter
est, and that any profits beyond this amount
should be divided between the preferred and the
old Stock Five " cent commission was also paid
on the subscriptions to the preferred stock. The
circular then makes an estimate Of the amount
which must be earned by the Canal, as follows;
Yen y cent on preferred Stock .$ll75o0
Seven y cent bonded and floating debt 1900
Expenses oftransporiRron on $4,000 tuns 6oVoO
Total. SI26,5OO
Last year the Canal transported $4,000 tuns
and received sl0O,5 The Company estimate
that after the enlargement of the Canal and the
Improvement of the planes the amount trans
ported will be 900 tuns. At the same rate o.
tolls the receipts will then be something over
$780, O00 still falling short of the amount required
to pay the above expenses without reference TO
any dividend on the old Stock We do not know
who il the party who has got out this circular
but il has attracted considerable attention to- day
Ohio and Pennsylvania Bonds were in demand
ut 95, without sellers. Hudson River Second
Mortgages sold at 99l, and some Rutland and
Washington at sT0ss. Governments were
steady and State Stocks generally in good de-
mand.
In Exchanges there is nothing doing, and the
sales are nominally as before. The supply is in.
ereasing. The quotations are lOGlOl for Sterl
ing $40 for Francs.
The non arrival of the Atlantic, which checks
various branches Of business, keeps Freights
quiet. Engagements, 1000 bbls Flour, Sd. and
some cleared Freight at los Cotton is unsettled
and taken according to the want of ships. To
London 1000 bbls Rein wss shipped at lsd To
California there is a fair business doing at 6Oa
100 cts
There was rather better demand for Money
At the close Of business today, bat the supply
was abundant In rates there is no change.
We notice under the proper head that the La
Fayette Insurance Company o. Indiana have de-
elsred dividend of o per cent. upon their half
years business, payable at the office Of their
Agents, Dusenbury a Ogden, No. as Willismst
The business pursued by this Company, that Of
insuriDg the full payment Of Notes, Bills of Elk.
change. DC. is an undertaking entirely new to our
community. There is every reason to believe
that the Syssen viii increase in public favor and
be OF great value to the merchants in general
ine reoelp" at the Sub Treasury are slso, 2s7.
Payments, s7se,0sl. Balance. D.. SEQ sS2.
Inc scarcity OF silver coin eontiuues IN be very
embarrassing to the commercial classes The
small dealers are obliged to buy at ass y cent