The daily union. [volume] (Washington [D.C.]) 1845-1857, 1853-06-09
COMM ERCIAL.


Nxw YoKA. June 7. IsCs
Inc money market continues worry easy. and "csli
loans nave been made as low cent. nowithsand.
Ing at the export OF specie is larger but those
are now more IN the form ingols aud consequently
draw no coin nom banks. This demand for railroad par
poses is however, pretty large The three promnsnt oss
now this markei ase as follows
ssssss ps. s.a r'Ys sss . ..:s s'
r r,,aa.. railroad l,..i ....sooOSo July
Ths gives an Of ~ 100000 the three roads, and
they will be all taken. The Illinois Central per CEN
bonds already negotiated in London the Co.,
0oO sell there los per The first portion ohat
now operation The federal government gave the State
900 900 Of land which tbs State made to The
company condition that IL should build the road. ard
fifty miles in operation in two On receiving the
land the deposited $500 600 with the State
guarantee OF It's good faith, to be returned the
com the fly miles, when the States right sell
he lands would be GOOD On the 23I u the section om
Las ale Bloomington, sixty miles, completed, and
the commenced rsnning Twenty-Five miles more
tho road is about to be finished aud ON the 4ta OF July
lis miles will be in operation
In recognition Of the iument by the company OF all the
OF its contract the State treasurer has returned to tho
company the $2Oo.0Oo deposited with him. The company
car sell the lands, and there are many anxious 10
buy but the rapidly rising values OF those lands may in
duce the company to hold for Tho present This shodss
curious upon the Influence oil railroads. Tho
ands under proclamation by the federal
rod Of fifteen years and without buyers In active
demand many fold higher than the government
The ailroad By making those lands accessible
Market impaIts them high value for the tina
they yield the highest quantities for labor bestowed. aud
create exchangenbc values to greater amount, annually,
than the of construction The Galena road affords
example From Chicago dvergo three great works--thc
canal running southcast the Gaicna railroad running
west and the great Central railroad penetrating 470 miles
Of choicest land to the Ohio river. The Galena road
has been operation for the year. and has brought
from lands in the interior, which inaccessible before
its construction, the following qaan'tes to the Lake at
Chicago
Flour lbs 3966i
Wheat, busheis 6l2.3A
Oats d. 6l0,60l
Corn do 469S57
Barley do l023S9
Po,asoes do l2.30a
Butter. lbs 931 $40
Provisions lbs 90
Pork do 9,795 .6OO !.
Il is thus the balance Of trade adjusts itself Eng
land iron rails, which, laid down the praires
back immense supplies Of food the international
balance with this dfcrenee-;he iron but once
the food goes annually.
IL Is TO see that ii I'VE running in dcb to England
for iron" pay goes forward promptly and literally The
great Central railroad has sold nearly $40 900 900 Of Ito
bonds, mostly in London, for money. Those bonds sell
there at AMI per cent. premium. The road took iron
price less than half its market value. When
shall have been completed, and 40 miles Of rich farm
land pour its products those rails Market greater
Impulse will DO given the balance agaast England than
the purchase Of the iron made in favor The Galena
road, running less than sixth part OF tho Central
forward last year value Of 81 500 900 Of beadsus Tho
Central will send forward enough ray for its iron every
month in the year The difficulty in the that
from the growing similarity of products, England will not
the United States, but trade will adjust the balance as
heretofore.
The imports into the port OF New York, for tho five months
ending with May. have been comparatively a. follows.