New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-12-17


have opened and working the six feet vein, when
runs along the hill side within third of mile oil tne
railroad for two miles and half Its estimated that
forty millions Of tuns be taken out OF TINS Se'n'
It's contiguy to the railroad and ts natural drainage
gives grea, commercial advantage over many Oh tne
mines in that district The report estimates tnst INC
shol. rail track can be put down, cars but' miners
houses &c and the vein fully opened ior aoou'
twenty FIVE thousand dollars The Coal 1t u estina'eo'
can be placed in Baltimore al cost oil - ~ tuu
allowing zoe for contingencies where Is worn - -
= tun At this rate 400 miners would give s~Jo'o'
a,sl N 10 A. cent on the capital stock In addition
IN The Railroad the Chesapeake and ONO Canai i com
,.d .. ,,bin twenty-five miles OF the mine, and to
;,s ,e,,ninus the Railroad hss descending grade OF
ton feet TO the mile that large burdens oil Coal can
he transported that point. Surveys Tor the eA'en
sion of the Canal have been made TO Piedmont Town
belonging to the New Creek Company and on then
lspds where the Baltimore and Ohio Roads have ther
half way station and large depot machine Stops, &C
In this town the Company own Elk hundred lots worm
FIVE hundred dollars each. In relation to the Coai IN
this property Professor Renwick says "ln one pace
on this tract all the beds OF Coal known 70 exist IN the
Cumberland basin were seen cropping out OF the
face Of cliff, and the figure of the ground renders
il certain that they all exist beneath very large part
of This tract Since the extension Of the Baltimore
and Ohio Railroad beyond Cumberland, which actually
passes over this property, should consider this par
cusr tract as the most valuable Of any in that Coal
field" parker Vein was also firm to-day and sold
of 6nI We are told that this Company have under
negotiation very valuable Coal property near West
ernport which will add largely 70 the value OF their
estate. Cumberland was well sustained until the
close when few sales were made at a z cent. de-
cline The premium stocks were not active and with
out change Of importance Crystal Palace sold at 80
In Bonds State Stocks, &C. the business was moderate
and prices about as before.
The market is very dull for Sterling, with
good supply of bills. The range is 9talOl p cent.
In Freights there is no change of rates, with
n foir business doing To Liverpool we hear of 5000
or 4OOO bbls. Flour 33d3I6 1900 bush Whea',
lOd.; Cotton 3d.; Beef, s. 1900 to 1900 bbls Resin
33a3iA To London, Flour, $40. To Havre there is
but little doing There is large amount of freight of
fering for California.
The receipt of Gold at the United States
Mint in Philadelphia, from the LIST to the 18th OF Dec
were $4,000 of which 81 GOO were deposited
Tuesday.
The transfer of funds for the January inter-
est on the public debt was made to-day at the Sub
Treasury, leaving the balance below 50, 100000
The demand for Money was very active to-
day among the Stock operators and rates of interest
very irregular The Banks called in loans freely
for the purpose Of being strong Friday in prepare
ton for the Controller call It is thought that this
bugbear will be out of the way after next Saturday AS
the remaining Saturday Of the month is Christmas,
which could hardly be indicated the report day.
The current rates Of call loans 607 y cent, al
though in some extreme high q cent. y
II. g. 4 A.
no strngency of money Paper of first-class is not
plenty and is passed. if short, sal y cent con-
siderable amour, of coin came from Philadelphia to-
day and million more is expected tomorrow.
The Interest Coupons due on the LIST of
January 1853, on the Bonds of the Western Vermont
Railroad CO. will be paid at the Mechanics Bank
Mr. f. j. Mallet is to be the President of
the ST Nicholas Bank
Another new Bank is being organized, to be
located in Grandst near the East River. IL is 10 be
called the Bank of the Island City - and eth another
project We hear Of for which no name has yet been
adopted
Mr. r. A. Platt, of the Mechanics Bank, has
been appointed Cashier of the Corn Exchange Bank.
The location the Bank at present al No O. Pearst
The Bank of North America las made a
dividend of three and half per for the past six
months.
The rich and enterprising firm Of contract
ors Messrs King, Sanclid Co., have taken the
tract to build the Williamsport and Elmira Road,
which they bound to complete by the lst January,
1854 The iron, 1000 uns has already been purchased
Of the Montour Company This road is a very valua-
bic link the chain of roads running North and South
ard will prove valuable tributary to the Erie TIE
citizens of Emira have contributed literally to the
stock looking upon 1t as a necessary element OF their
prosperity. Mcssrs. King, Stanclf & Co are men of
great means sBdndomitable energy. They have now
300 miles of road under contract, and they have al
ways been noted for prompiness in executing their
contracts shall, beyond doubt, the lst January,
1854 find Elmira in railroad communication with the
Southern web of roads.
The interest coupons of the New-Orleans
City Bonds and Of the late Municipalities and City of
Lafayette will be paid when due, presentation the
Union Bank in this City.
The managers of the Delaware and Raritan
Canal Company, at their meeting at Borlentovn, on
Monday resolved TO take measures to deepen their c..
nal and double its locks
The Union Bank of Rochester, with capt.
tai of sioOOOO has been estabh-hcd, and Mr. Aaron
Erickson elected President.
A new clipper ship, of nearly 1000 tuns,
having three decks and nearly ready for launching
has been sold by Mr. d. Mckay, OF East Boston her
builder to Baltimore firm, for sl25 600 She il of
most beautiful model, designed expressly for speed
The ship Clara Wheeler shout three years old has also
been sold at Boston TO New-York firm for $4,000.
The ship Noses Wheeler four rive years odd has been
sold to Bates & Co. Of Boston, for $1,000
The subscriptions to the Albany and Sus-
quehsnna Railroad reach S256o0
The receipts of the Oswego ana Syracuse
Railroad for nine mouths ending Oct l. for seasons,
follows
1851. 1882.
Passengers NEUTRALITY-SUSPICIOUS.. Sii rs ~ S54 9O3 %
Freight. Observation-Disclosures. l0.5ls 90 lll6 q
Mails. OBSERVATION-DISCLOSURES. 3676 ~ 5l9l 81
IL a-.A-. - ~