New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-06-12
Toial.................... 1872

Letters from LOnlOH speak U COutluucu
activity and frmpess in the Iron market Mr.. John A.
winslow had purchased 5000 Rails for Western
Read, and the asen. of the Illinois Central Road had
offered e5 - o. hal cash and half bonds for 10000
tuns sufficient complete that Road. The letter as)
speaks of good demand and firm prices for American
Stocks and well known Railroad Beads sale of
100000 Erie Conyerbles, 1862 had been made AZ -.
We also learn by this arrival that Mr.. w. w. Gilbert
OF the house of Gilbert Johnson, who went ont as the
agent of Canandaigua and Niagara Falls Railroad had
negotiated the Six cent Sterling Bonds OF that Road
for million Of dollars at par and had purchased all the
iron needed for the Road at about s. p tuu below the
present price This negotiation places the Company in
condition to push the Road to completion with grea. dis
patch They have now all the sections Cananda
qua Batavia crowded with men, and the Road will be
in operation between these points In November De-
cember. Two,hirds of the distance from Honeoye Falls
to the Genesee River ia already graded The piles for
bridge the river 400 feet in length have been
driven and the foundation and abutments going for
ward This bridge Is to have span OF lS0 feet Tho
other pile bridges each l20 feet In length and truss
bridge of 24O feet to be constructed between the
river and the Canal; making total waterway OF 1860
feet The contractors on this Road, Messrs. King
steinfeldt Co, men of energy and meani and vii
complete the Road promptly within the time specihed
The Rochester, Lockport and Niagara
Falls Road will, understand, be opened the 10th
inst unless unforeseen event should retard the
work This is very valuable improvement and runs
through OF the richest portions of the State. Mr.
Body the Contractor Of this as well as OF the New
Haven and New.London Road, which will be opened
about the let July, has proved his great ability Con
tractor in the prompness with which he has executed
his contracts on these works
The business of the Madison and In1
snspols Road continues to great results For the
week ending 5'h inst the receipts wsre........S55OO
ILcrease, IS 2 .s.,4JO
Some speculative sales of the Erie divi-
derd have been made in the Street at "a p cent Re
sales Of the Cry Elves Of 1890 made to-day at ~
premium, and Of the Jer'ey City Is at Al p cat.
A new Stock Board is in contemplation,
for the purchase and sale Of Mining Stock, exclusively
Some prominent operators in the Street favorable
10 such movement and the probabilities that /,
will be carried out The mineral interest is a highly
important for this country but is Developments
yet in ita infancy. But few persons Of the
existence Of the mineral wealth which Is no. being
explored and developed, and With the recollection of toe
explosion Of the copper specuations Of some years
since, but few are disposed 10 examine the mining
teTprises which at present foot These new en-
erprises, however, far more worthy Of attention
than many Of the fancy stocks which daily the
footballs Of Wallst and have far greater elements OF
profit in them. TIE old copper sPeculati0ns were all
on paper but the copper and lead companies OF Penn
sylvanis New-York, and Of Lake Superior are now
working mines with men and means, 10 develop them
fully and exhibiting results which promise larger
returns for the capital invested than those OF auy other
steady branch Of industry. We believe the establish
ing Of such Board as we have alluded 70 would at
tract public attention 10 this great interest," aud tend 10
foster and extend IT, At present the operations in these
stocks are confined to but limited number Of persons,
who have investigated tie condition Of tie different
companies, but Notwithstanding but few monied men
have turned their attention this Oinyestnent
the transactions 10 imporao. extent and shares
in all the well-estabished and promising Companies
have risen from 25 to 100 per cent within few month";
The following is from ThOmPs0n's Bank
Note Exporter.
CALIFORNIA CoINAGE-In prosecuting our researches
to intrinsic VslGe OF the California c0insges Ne sent
sample Of each to the Mat and are happy % BE- able
TO lay before the public the following letter, fully proT
ing all post ons viz that reliance can DC placed
/ In the California coinage:
! MINI OF THE UNITED STATES,
! PHuADEIP HIA, Moniay, June ., 49,
J. TsozfsoS Esa, Balol Broker, No. VA -, y T.
| DEAR eIR: heavy pressure o. business eoLSe-
cuent upon large arrival Of California gold, preyeaIei
from ering on Saturday your Noes OF tee IA
INST which with the deposits therein named, were re-
/ ceived that day The directions we are unable 70
comply with nor would your object have been attained
even they had been One hundred dollars . the min
imum, fixed by law for aseparste depIsit aad sAsay
and only OF your parcels OF coin reicned tas,
amount the had 70 bs thrown togehsr or re-arned
Now every og of eein u made in California land II
would scarcely be gong BOO Tar 70 ssy every coin va
ries In -tsrtasc value with the gold win which IL
happens to be made and the proportion OF silver con
tsined therein an assay such you desire would not
and could not give the requisite Information Under