New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-12-14

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The notice of the dividend Of the Southern
Michigan and Northern Indiana Road will be found in
another column
As an evidence of the vast freight business
now being done by the Erie Road, 1t is noticeable that
eiQht ezra trains came the Eastern division yes
terday
1t is proposed to make the Genesee Valley
Road from Rochester southwark, of elk feet guage.
This road crosses the Cansndaigua and Niagara Falls
Road and thus will give six feet guage between this
City and Rochester Letters from Utica state that the
stock for the rood from that place to Syracuse
has been subscribed. The Geneva and Ithaca Road
has been surveyed and the length ascertaned to be
about 40 miles highest grade. As feet The estimated
cost of building and equipDng the road Is s79sl6
Amount to be raised, $3.50 991 The dstancefrom Ge-
neva to Scranton and the coal mines by this road will
bs 156 miles. 1t proposed TO extend the road north
wardly from Geneva to Sodus Bay on Lake Ontario
The people of Dansville held meeting a few days
since In reference railroad from that place to Burns
20 connect with the New York and Erie The distance
h tribe over nine miles and the estimate of cost by
an engineer is about $4,000 The railroad from the
village Of Attica to Oean is to be constructed mmedi
aely under the direction Of company of Boston cap
itasts who have taken the whole work at million
and half buying $500 900 of the stock and requiring
only s2OOO0O to be subscribed the line of the road
Issuing the bonds Of the Company for $4,000. The
road will be seventyfve miles long, and will connect
with the Pittsburgh road at Olean, passing through a
fne farming country.
There is much irmness at Boston in factory
stocks and an advancing market. Money is easy.
The Chesapeake and Delaware Canal has
done large business the last six months The receipts
for the six months from the lst Of June TO the LIST OF
December, were sl6l OBS
Corresponding six months 1851 ............ l2l 0i9
-
Increase in half year .............. siO625
Tho stock of this Company, the par of which il
$780, few years ago cold at $50 per share 1t is now
worth sl46 per share.
Some enterprising gentlemen of Pennsylva.
mia have Ii In contemplation to ak charter for Com.
psny TO the distractions from the susquehan.
M River to make 1t navigable for steamboats,
from Columbia to the Chesapeake Bay The estimated
cost Of the proposed improvement is from four to five
millions Of dollars.
The Pays, speaking of the new Bank estab.
lthed BY NJ Foud, at Paris does deny that 1t is
monopoly and an enormous power for the benefit of
privileged establishment but it says that this power is
limited by the public interest of which the State is the
surety the guardian and the director The Pays thus
describes the object of the new Bank:
has been reported that the only object Of this Bank
was to facilitate the difficult settlements which acitae
the Bourse OF Paris twice month 1t is now known
that the Socctc Gcnerae de Credit Mobier is cons
tused upon scale much more Its object IA TO IA
vor In considerable proportions, the development of
public works and great manufacturer, whether by
opening ACKNOWLEDGEMENT with their founders, or
by subscribing for shares and bonds In companies
legally authorized, by making tenders for the
eution OF works OF public utility. In all these psrtcu-
lare the Society tends directly the encouragement
industry, In which IL will Invest productive millions
twill be concerned in all the great undertakings of
Our nge In other respects its operation Is direct
~ financial II Is thus that it ia authorized to purchase
shares or bonds issued by railway and other com.
Panes TO make loans and 10 lend upon the deposit of
Iuehc securities or shares in trading operations In
this point Of view IL IL gigantic bank offering % ho
ers Of public securities and guarantees which
no private establishment give them. To realize this
double series OF operations, IL has formed itself with
capital OF 90 millions of francs % millions are now a.
sued represented by 10000 shares of 500 francs each
The society has the right 20 issue for payment of sums
due Tor the purchase OF shares in manufacturing under
tskngs and to the extent Of the of such pur
chsses, bonds which, after the complete reaz alton of
The partnership capital may 60 far ten times the
csp.s thar Is to say GO millions Until that time bonds
only be issued to the extent OF five times the realized
capital They may be issued at Is days sight and must
awsys be integraly represented by securities in the
portfolio
REPORTED RISE IN WOODEN GooDs-EXAN
~ ns Editor Of TAs ~ y T,sbsne.
was sorry to hear the correctness of your
statement, under the Commercial head concerning the
rise in WOODEN Goods called in question today by
WOODEN Manufacturers They say that the reported
be is without foundation, got up by Wool spectators
Ind commission merehsnts-tha las, spring there was
similar and Simultaneous notice of rise which
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chants are now complained Of for not selling for usuu
fsesarers reported advanced prices they replied that
there had been no advance though they had tried hard
% Se up ese through hs Press
member Of one manufacturing firm, of the highes,
repectaoity stated to-day in my hearing that the last
report OF sales made but four or i've DAYS ago in New
fork were at "ru;nous rates showing no, the least
possible indication OF an advance
Aho'ser gentleman, Of high responsibility and a
member OF another manufacturing firm, stated that
but this week he had account from his commission
merchant IN New OF sales of kind of goods M
" cents, which said merchant had assured the said man
T, one year ago would bring 81 per yard
The members OF manufacturing company TO-DAY
nave determined, with machinery in excellent order
With good reputation for their manufacturer with am
We capital and out OF debt with your statement of an
assnce 10 Prices before their eyes that they will buy
. more Wool until the clip cosnss in-hst II they
I'd they would loee money inevitably on any kiz OF
ocds they might manufacture
The Wool q now all held by spectators; and since
" times are 90 easy they Aisk they are able 70 keep
nt they can get their price They Of course are very
puovs to get up the price OF Wooden goods 90 that
manufacturers may be induced to pay them a good |
'and price for their Wool The commission merchant
anxious for rise. 90 that manuhcturev NAV be en-
nrsged to turn out large qusnfty q possible for
en- ~ sell and make commissions from and IL l. not
rprssing that they WORK In the same haruesS |
There good resoon % believe that commercial edit
=. and the public through them, are oftsn imposed
on ey Interested parasj and there ss case, within