New-York daily tribune., 1853-12-15

IOrt tlt
VIM Wrobts Circular thus speaks of the cotton crop
The weather in the South has continued highly ta'oIa
bic for the maturing ond pcins ne tle ciyi t oo
rerreened as being Of better quality IN staple ce ess
and color than the early receipts lhths ciy Chae''h
nnd saynnuah the general opinion seems 10 settle upon
3l0O coo bale as The probable yield but IN Ne" Cfeah
md in some few instances in Mobile, the opinion Is gene
rsl M about 800 coo bales the exceptions 70 ln opVon
90 for COOOCO with few os high as JjOOO'o Oaies
a. have before remarked attach less Importance nah
usual to the question Of crop beng sgtshru hNi 1ne pre-
will mine iis extent and that under any Pf0bHo!e CIR
cumstsnces shall have cotton enough Ter me %an OF
the world The large and increasing dehcit III receipts
as compared with last year. gives confidence I, parties
whose estimates are below 100000 bales and unier'
stand large proportion OF the busn'ss IN New OIg1' 5
bepg transacted upon crop estimates OF 25OJOOO Daes
We look upon lew enterprises with favor than those
which tend TO develop the mineral resources OF our codn
try and TO cheaper such articles of prime necessity as oo
and metals Every attempt of capitalists to increase te
supuy Of coal in the New Yor market BY opening coal
fields which are connected with New York by transpora-
tion facilities should be encouraged We are therefore
pased to be able to state that several gentleman Of this
CITY hive rade purchase of fourteen thousand acres
NJ hrmipous coal land and have formed Company for
,rorlnp them under the tide of the Clinton County Goal
Company of Pnnsylvana The lands lay on aud near the
west branch of The Suquehanna River and Pennsylvania
Canal and also the line OF the Sunbury and Ere KaI
road The lands are said to be rich in iron ore as wen as
the best quality Of btumiDous coal OF winch there are i'
or FIVE distinct veins The Company have elected as direct
mond Coffin T c. Durant Gordon Burnham E Russell
.Hnkiey d. w. Ingerson, of York. George Little,
of Pa ard Col James II. johnson, of New Hampshire.
The mines are accessible by canal and soon will be by
railroad from HavredoGraoe Baltimore and Philadelphia
md within PAT miles Of New York by railroads In operation
and about 70 be built From the character OF the gentle
men above named, we anticipate a vigorous working oil
these coal fields
The vote of the stockholders Of the Madison and Indian
.1,4, to itc iiqtio m with
tbe Peru and Indianapolis Railroad Company was taken
at Madison on the 10th inst large majority of the stock
of the former Company represented and the vote was
nearly in favor of the measure and IN adoption
az the contract heretofore made by their JOINT directions
This completes the legal union OF these two important
works "a fake effect on the first day of January prox un
der the name of the Madison Indianapolis and Peru Rail
"road Company" The measure has been carefully con
sdered and is not doubted that IFS effect viii be largely
TO promote the interests of all concerned The new Road
extends from Madison, the Ohio River, TO Peru,
Ind n very important port on the great Wabash and
Erie Canal distance OF l59 miles passing through
mucb of the richest soil Of the State OF Indiana
AT Peru twill cannect with the Wabash Valley Road,
now being constructed from Toledo Ohio at the head oil
Lake Erie to Lafayette Indiana and also with line from
Cincinnati TO Chicago which crosses at Peru and is now
under construction. Experience and common sense mas
taught railroad managers and stockholders that their true
interests are in consolidating existing roads for mutual bene
fit and not in aiding build competing and parallel
lines TO do the business OF roads already bus and offering
ample facilities at moderate tariffs to do all the traffic that
will be thrown upon them for many years TO come
Double tracks and not double parallel lines is now the
received theory and is likely to be very long time be
fore money can be found anywhere to duplicate railroads
already eauato the wants OF the country.
The Stock transactions the last Stock Board Of Gin
cinnatti Ohio on Saturday, Dec To- were
The offerings CoyastOn sod Lskog,on r we're ~ GIN
eirprt,i Hsmon and r. stock l5 Lauensehne ara
Upper MbspIiR Sect. 6ii New'Atsn ana STEM a e
sa Mad River Atd Lake Ee r. r, 70 lndanopos ana rec
f.pane sJI resnvio ana Maui r. r. 6S Hensaoky fas
Co bsrt VI Eaton and Hamilton X "a Mar. tni sil
c,nnsf G.; Cleveland and Pirssursh 4. Soii Coln9
Pqua and indiana X. 65i columbus snd Aen "a no 10 ~.
1e,s s pdl And Second bDd sold o. saases IL 10
Niaui sfck tor 1884 gns dividends l mares N4n
cnprfr nd r. o. buyer4 months - snles
efop ero Iexrltcu Cl % shares laurrncrrt ana W
reI Mississippi e. and 81 shares Cncinatiu Hamilton Aod
Dayton r. K alto