New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-02-07
THURSDAY. FEB. s-PM

lower Some Of them are back nearly TO the point
whence they started three or four months ago.
Erie fell off to 7sl but recovered to 7el. Read
ing closed at 6lI with but little stock Offering
Harlem closed at "a, buyer so, considerable i'm
pyovement from the lowest morning price. Long
Island was steady at 2l4. Farmers Loan, 6l4.
The de cline in Erie Incomes which sold at 81,
has been A y cent. within a few days. Morris
Is about as steady as any of the fancies. Canton
sold at TOO II, bat is firm at Boston at IS. Ston-
mgton went to 39l, decline Of a v cent from
Yesterday. In sound Stock there is no marked
change and the demand was moderate. Edge
worth sold at 81 and was firmly held. Portsmouth
Dry Dock went to l22, bat afterward recovered
10 l3l. Under a reaction these two Stocks would
probably advance rapidly One very noticeable
feature Of the Stock market for the last few days
has been the absence of time sales, and especially
Of sellers options. The transactions have been
to q very great degree for cash and the time OPP
erstions have been on buyers options.
The steamer brought out more orders for Stocks
and Bonds-mainy Bonds.
In Money there is no change to notice. The
rates are COZ y cent on call, and 81 lar p cent.
on short paper.
The dispatches from New Orleans state that
sight Exchange on New-York is v cent. which
will stop specie shipments to that quarter.
Freights are frmer with more offering for out
ports. Telegraphic dispatches from New-Orleans
state Cotton fefghts at I'd. which has stiened the
market here. There are small engagements Of
Cotton at 3l6d; Flour sd09d; Dead weight,
I2s 6d0l5s. 1000 bbls Turpentine were engaged
on private terms. A ship was chartered to load
Cotton at New Orleans at I'D, and several West
Indian and Navy Bay freights were made, the
latter with materials for the Panama Railroad
There is more demand for small vessels with a
moderate supply.
The receipts at the Sub Treasury $4,000;
payments, s925l. Balance, s4,54ols6.
Mint Certificates to N. $3.50 are payable. The
Director promises to pay out freely in future He
estimates the capacity Of the Mint with the new
facilities now in operation at SsO,OOO,OOO, if ap-
piled mostly to the large coins, but much less if
confined to small gold and silver coins.
The New-York and New Haven Railroad Co.
have declared dividend of SO so per share, pay
able on the 18th inst.
The scarcity Of silver continues and small deal
ers are very much annoyed by the want OF change.
Some Of them have adopted the expedient of issu-
ing tickets for small This, although illegal,
y convenient At Thompson's Office, 81 Wall.st.
the premiums paid for specie are: q y cent. for
American halves, quarters dimes and half dimes,
and Q v cent for Spanish change. Gold dollars
are for sale at l premium.
The project of Bank with two millions OF cap
itsl to be employed in coeroing the country
Banks into redeemiDg their notes at par in New
York, has been revived again, snd we hear that
the Stock has been filled up and Mr.. James
Mccall selected as President. We hear also an.
other story that the project of the new Bank has
been at the last moment dropped, and the sub
scriptions are to be turned into the Merchants
Exchange Bank, the capital of which is to be in.
creased to two millions and the par redemption
scheme attempted through that Bank
A project for q new Road from Pottsville 20
Philadelphia has been started, to cost six mil.
fops Of dollars
The Pottsville Miners Journal, says that, ave
are assured by practical Contractor, and one who
il well conversant with the making OF the present
road, between this and Philadelphia, that our es-
innate Of the cost Of the road Is quite liberal.
He even SAYS that he would offer to undertake
the whole route for $4,000 per mile. The Read.
ing Railroad might have succeeded as chesply but
for mismanagement, and II we are 60 believe Mr..
Meals Report, because it was plundered.
The same journal gives an account Of a"large
and enthusiastic meeting" having been held in
Pottsville, at which resolutions were passed in
condemnation of the Reading Railroad and in ia.
vor of the Legislature Immediately granting
charter for new road. 1t says that one million
of dollars will be subscribed TO the new road In
Schuylkill County alone; and the towns on the
whole line of the road are ready to SUBSCRIBE
The effect Of this movement, although it may In
lure the Reading Railroad, and thereby the inter.
est Of individuals yet il is Of incslculsble benefit
to the community at large, as it will cheaper the
price of one of the essentials OF human comfort.
The object of furnishing cheap fuel is worthy the
ttention of an intelligent Legislature We trust
that the Legislature of Pennsylvania will use
their power to open every avenue that can pour
her vast mineral wealth to market for consump'
ton OF the % Counties OF Pennsy lvania, As con.
tain iron and coal mines and have works in ope-
ration connected with one or both of those mine
rails OF the remaining seventeen, nine contain
an abundance of iron ore and coal, but have no IA
cilisies for market.
A large meeting has been held at Utica to take
measures to build Road from that city to the
Erie Railroad Ii was resolved TO go on with the
work and Committees were appointed in all the
towns on the route to solicit subscriptions.
AIN. Orleans, week before last, business contin
ued to seriously crippled by che extensive tight
ness OF the Money market, rendering 1t exceed
insly difficult to pass bills Of the most undoubted
character The very best paper was thrown out
Of Bank and had been taken in the street at rates
varying from l to cent per month.
Telegraphic dispatches of later date say that
the market had become much easier.
The city Of Wheeling, in Virginia, and the
County of Belmont 10 Ohio, have subscribed a
sufficient sum to secure the construction Of the
link Of Railroad from Wheeling westwardly to
GAINESVILLE.
There was large meeting held in Malone.