New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-08-10
MONDAY, Aug. 9--P. NJ.

MONDAY Aug. 9-P. NJ
The week opens well at the Stock mar
ket for spectators for rise The sales are large at
higher prices, and betokenng confidence In the u.
ture Federal Stocks were in demand United States
Shes of 1862 and 1868 advanced "a and the Elves OF
1865 "a OF the latter $4,000 were sold Erie was
very prominently before the Board $3.50 shares were
sold, and the Stock advanced IA " cent. The Bonds
were likewise in demand the LIST Mortgage Ones adj
vanced u " cent the Income Bonds n the Con
vertibles of 1871 w. and those of 1862 20. These
Bon do are now becoming few on the market. North
American Trust has advanced 2 " cent, with large
sales Even Morris Canal shares In the general buoy
ancy gaining %. Canton advanced Ia y cent This
Stock favorably placed for rise. NewJersey Zinc
wss more In request, and advanced ls Nicaragua Is
inproving over 800 shares sod at Ia advance. The
Hudson River Road Is the only Stock that took the
back track todsy declining IS. Harlem rose y, Son
tngtop H. and Norwich & Worcester, Is.
The Money market is very easy for al
borrowers having good securities TO offer. Brokers
repute borrow on ordinary Stocks, such as Harlem
Erie, Reading, &C., at y cent, while we know
Of sums placed out call at and 3l9 " cent. The
Banks generally do not take long dates freely, but al
shortan medium dates they take eagerly at low rates
The Brokers rates range from to 5e V cent. for co
days paper, up to six and eight months inclusive.
There has been little demand for Ster-
ing Exchange, and nothing 10 Offering freely under
IlOIa. The steamer of Wednesday will, In oonse.
quence, take 100000 or 100000, probably. few
hundred thousand are already engaged
In Freights there has scarcely been any
engagements for Europe. Rates are nomnaly without
change. Some considerable Freight has been engaged
to California at 40Gs0c. % cubic foot-the latter price
BY clippers.
The return from the Bank of England
for the week ending the nth of july gives the follow
ing results when compared with the previous return:
Pubic Deposits .94077 so Decrease .....s93o6Os
Rest ............. 3l90478 Increase 30,565
On the other side Of the account:
Government securtieslS 97s66 Decrease...... l44e9O
Other ecurities 92 Decrease. 735 55s
Notes unemployed. .usll575 Decrease..... 5S7635
The amount Of notes in circulation Ia &23 747,735,
being increase of 1867 $50 and the stocA OF bullion
IN both departments is 92l ees 67s showing decrease
Of a24a,46o, when compared with the preceding re.
turn.
1t is scarcely possible to estimate the
Importance Of the Coal interest of this country and the
widest judgment of the Of the trade ten twenty
years heb are by Incredible Its rapid IN
crease since 1870 and It's at present would ap
resources coal nods
will during the next twenty years be called into active
operation. Oh the coal dsposes are more valuable
than those Of the Cumberland Valley now being dsvel
oped by the Cumberland Coal aud Iron Company, and
none more worthy OF the attention of capitalists Such
an enterprise this Is of national importance and
h deserving OF the largest We annex an able
Article upon this subjec, from Tie Daily TiRes:
ihK Coal lNTKRrsT-CuMBERLAN CoAL-The
ni'a annual report d Cumberland Coal and Iron Com.
PsSy, JUST Puohsne', We uanscrbe into cola
today as revealing, under very responsible auth 1rtv
the resources OF that hitherto inaccessible domain tne
semi bitnatnOus coal basin of Msry land Wa bsi IN.
accession Oh any new source OF wealth power our
country. Ihs is, compar ativey, for, although
the existence OF this coal Ptaeeyone Of the riches
deposits Oh treasure on the gobe-was know IN Ia the
days Wsship gton pes hsps at the very time great
ns'Ota road was hewn through the forests that
mount II, YET II was, and until recently has remained
entirely unavailable 10 the public a! large. TOTS giant
vein OF coal slept Ia the SUBMITS OF the Aiegh 4ucs,
Que hubdred and eighty miles from tho board and
twas not until the states VI MAryl and Virginia.
an expense OF twenty nve millions OF dollars had ops d.
co two great avenues # coal transit from the mines 10
wster, that this region has been 10 any extent de-
yelopeo. These two svenues-.he one a Railroad Ia
oet'more, the other Canal TO Alsxandda-sdsnaed
40 sOnsommated Tor the purpose OF developing these
es, hsve pushed their SLOW length along uutil thew
60 VILE ne Cumberland region with tina tides of toe
S,n,nn aofe than quarter Of century ago, Joho
ehoxsiye n"sms, with his hand the hrst
h. VI earth from the bed of what mas 50 racentIv
nesks 80 o ,af as Cumberland the completed Che,s
prodsion, VH,S Canal Since that time encountsrus
Ye ulmeeiios this most tant work has
sn'il now, boats freignted with coai ma,
con,,e 10 iba Cumberland and pursue tneir
sb,s Canal Tor The ., The sea The construction oi
depebd almost endrely upon the s o, 60.
shall carp Tor Ie,uIn.-i. tho practical evidence Of
disin,eresied parties to shs isesumssls go. VI
Cumberland fed. The capacity Of The c ,sue OF tne
and 10 10 built In the most auostaotaI msnas. SPo,
wsters may float market several millions 81 "a u.
appum BY means Of these fsciues mi. o., 'us per
delivered in the City OF NewY uk cest p,onsh pc
Of about three dollars tua the price which c
b afforded here eonsdeng the peculiar character and