New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-08-21
FRIDAY. Aupult PIP. NJ.


FRIDAY, August Pop. NJ
This has been one of the most exciting
days In Walst The report that there would be large
shipments Of specie that there greater demandfor
money and that some loans were being called 10, In
duced one of the brokers to sell his Nicaragua and
Cumberland Coal stocks very largely on account OF his
friends outside, who were weak holders Cumberland
Coal declined under these forced sales 5R per cent
and Nicaragua 2la. This movement excited general
heavy feeling and prices Of all speculative stocks re-
ceded trife. The market however, closed more
firmly though the Second Board still exhibited the eff
fecs Of the movement Erie receded "a per cent Nor
witch and Worcester, y, with sales Of 1050 shares;
Reading 81, under heavy sales reaching TO $50 shares
Long leland improved Is ll50 shares Harlem sold at
an Improvement of H. showing great frmuess. Bonds
were In demand. Erie Convertibles and Incomes, all
at &c. cash those of 1862 also selling at par, time
lot Of 100000 Erie Convertible, of 1852, sold
and delivered to-day to Belmont at 90. Jersey Zinc
was inactive Dsuphn declined rs, but was frmer af
terward Government Stocks firm and Bank Stocks
continued buoysnt The feeling displayed day at the
Board will be the subject Of >nder tomorrow, as 1t
was ELECTED wholly from imaginary circumstances
The demand for money was considera-
BILE to-day, and large amounts of business paper have
chan ed hands at AZ, s. and 5l5 y cent for short
medium arr long dates The latter not taken free
ly, when the shorter dates more freely offered
Stock Loans are easy, at y cent
In Freights there is more Offering, at
yesterdays rates. which readily given The ship.
ping demand for Breadsufs continues active, but the
supply not large and the rise In price and feights to-
| gether, tend 10 limit 1t.
Nko 81,
morrow, has s6O5,OOO engaged In gold this evening
This amount not large anticipated would 60
forward The successful termination of the negotiation
of the fvemillon loan TO the Illinois Central Road
Compsny-the first installment of which was paid on
the 10th pst mot the second printed yesterday
will supply fair amount of exchange The steamer
will take large supply of Stocks and Bonds, zone
of s25OoOO is alluded to below making further and
very considerable amount TO be drawn for.
To day the market was better supplied
with Sterling bills at l1O5s, at which large sale, have
been made. Francs sold at an advance 5Q5133i.
1t Is the opinion of many tina, much gold will be
RENTED Wednesday as has been thought the last
few days.
Messrs. Winslow, Lanier & Co., sold
to-day go abroad $685. of the Convertible Income
Bonds of the Ohio and Pennsylvania Railroad Compa
ny. There Is little doubt but these Convertible Income
Bonds will be valuable the First Mortgage Bonds OF
the same road, within short period after iIs compile
hon. The Convertible clause will be found of value
No railway In the West gives greater promise 81 large
receipts than the Ohio and Pennsylvania traversss
the most popueus and productive grain growing region
in that great valley Its local business alone will give 1t
handsome support.
The Convertible Income Bonds of the Cleveland and
Columbus road within the year 1851 sold at from 10 to
IS p cent below the First Mortgage Bonds of that
road A. this time they of equal value the stock
commanding from III to lis.
The Ohio and Pennsylvania road Is completed
and in operation from Pittsburgh to Wooster, 1873
miles. The residue of the line, a miles 60 the Ceye.
land road and Wheeling road will be completed within
a short time the grading and bridging being nearly
ready and the rails on the ground. Tais will be the
nearest and direct route from NewYork by Phil
sdelphis, Pittsburgh and Columbus to Cincinnati and
ST. Louis.
We advised that the net receipts of the Ohio and
Pennsylvania road In its uncompeied situation pays
p cent interest on the cost of that portion oft
The Bsllfontsine and Indiana and Indianapolis and
Beontaine roads will be completed by the lst of Jsnu'
airy next the former connects with the Ohio and Penn
sylvsnia road at Crestne. The Terre Haute and In.
olaDhpOns ROAD now competed, and dOlng q large
business By the LIST of April there will be con.
tinuous line of rsilways from New.York by PhIadel'
phia and Pittsburgh, to Terre Haute, In Indiana $50
miles.
Mr. ]. J. McCahen, now on a mission
from the Executive Of the State of Pennsylvania In
London has addressed the following letter to Tie loan
holders Of the State Of Pennsylvania:
The undersigned, duly appointed and commissioned BY
the authorities OF the State Of Pennsylvania, Commission
OF Loans for said State respectfully announces to the
holders Of the loans created by her Laws his arrival in this
CITY, with all lawful powers negotiate an exchange of ANY
OF the exsnR Obligations OF the STATE and conclude new
for period not exceeding hiyhve years. at rate of
nteest Dot more than per cent per aDnum free from
hind Of taxation expressed the bond with
coupons interest certificates attached payable
pusy the first day. OF February and August Of each
The bones 70 be issued 10 the of five or
ten thousand dollars each, according TO agreement
The whole debt of Penhsy vsns Is forty millions OF dol
lsrs about eight millions Of pounds sterling The State
has the TO pay on the same at the periods designated
in the following table
At the present time, land will be paid during
the present ysstl ACKNOWLEDGEMENTS: s3Sl4s25 20
the period srives).. 6ss4 ~ 81
Loan made In ls4l. .............,...... $50 63 10
Bank charter osns payable ct any time.. Il9 500 90
During The year 1855, and Jan. lS54.. 27A057 So
Dunng tne year lsof. 2l465s9 IS
August 1890 z4780 40 So
July iSso; 27Sl9o ~
March ana July lsSs ................. 702L2SS oil
July and August la5e................ l,4esss 50
The remainder Of the loans are payable in
1861, 20 IS, a. IS. 6S and 10 500 900
due IN has and 4S5o, 900 In 1881, amounting
In 100000 %