New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-04-14

Grandst and East Broadway. The President of this Is
Mr. Joseph NJ Price
The report of the Illinois Central Railroad Company mas
been published IL gives very gratifying account VI wv
condition fthe supendous public Improvement anu PU
that the work has been pushed with that vigor "'
have been expected from the character OF t''e
engaged in its management After racapttuatnE III" -"
ler steps of the enterprise Of which the Ie'"''' ." 1
T. laac have been kept informed the report st''' '' re-
s,,l, r ,l la. summer in London by Mr. w
w Gilbert U;;lbert Cox a Johnson which was the neSo-
t;otion Of five millions of Six Per Cent Bonds at c"mm'
sion Of - ucr cent and the appropriation 'l an '''' 9"
one sixth IL, $50 shares Of the eventual capital "i me
Comnanv sl7 OO0OCO. subject to- the payment "i hi''"
meuts In the aggregate not exceeding Soo on "lch ae
The Company have made purchases Of rails ana materials
and contracts for construction &c To- the amount OF four
teen million. If dollar and it estimated that the
cost would eventually reach seventeen millions the capital
has becn fixed at that sum. The ways and means now
,rovded reach sll 3g 66O The Construction Bonds issued
amount 70 sIO3s5OOO bearing and per cent interest
Tho TIVE millions of of land belonging TO the Coma
nv are therefore under mortgage for less man hVeuF
halfdoars peracre The Company propose to issue
other three millions Of Bonds, giving TO e2ch suo'roer lot
Bond Of one thousand dollars the right t" subscribe Tor
three shares of the stock Of the Company not 10 De SUBJECT
10 nstament. toan amount exceeding those nihe s'oh
preyiouy issued On the 18th October a-the whole road
was under contract and during the winter cOJo to ''0O
rren have heen emuloved upon the work We shAII
another av Give the details Of the condition and progress
or ,ha different sections II is the intention Oh
the Directors to have the Road in operation o'.'
ing the ensuing season, VIZ; FROM O'"' H5'''
as far as practicable which it is hoped VIII h'' less
than 100 miles from Chicago 10 troaH' '-' H'o'' '
Ia SaIlo IN Sangammon River Ol niles and from free
,. .. o1na about T. miles The whole quantity OF Iron
;rd fr .bo Road and Branches, will be about '2oso
TINS Of this quantity $1,000 tuns were c9"ce io ~ ui
low rates ruling during the winter ana 'Ph7 oi
mo uor+es who are deliver the iron are no" coI''l
10y! ~! AID tln Directors see no reason to doubt that
Ira vii, continue to arrive as fast as the necessities 4 inc
work viii demand Contracts nave Oech HVe lor i.2o
,otv. Ia be delivered from time to time as tiey VIII De
ndnd sufficient number or present purposes Dchg now
~ IinC Cars of various kinds will also be III readiness
rostbe ryeences fhe Road viii require. From the
Sent condition of the work and the arrangements made
nrosecuon in al it, parts the Directors feel great
confidence in expressing the opinion that the entire ltoad
and branches will be completed and III operation before me
Of tlr wear 1854 The lands to which the Company Is
entitled under the Acts of Congress and OF the Legislature
en- & Stae of Illinois have been selected by the Agents OF
bo Companv The sales Of the Government lands IN the
;c;v 6f the Road since the opening OF the lana 0flceS
~ ,n;t last, have been very large, at various prices the
minimum being fixed at - 20 per acre douoe me amount
"t which thew had previously offered them These sales IN
J;cae rand settlement of the lands near the Road and
consequently revenue To the Road immediately upon rs
onening The Directors from all the information received
& lime 10 time in re- gard the quality of these lands are
confirmed in their impressions previously formed Z" he
i and fe Great confidence i'm the ultimate payment of
tbe whole amount Of the Bonds from the avas OF the lands
The management of this great work IN the hands oil Inc
following gentlemen; r.
Di,cct0S-His Excelency Joel a: Matteson, Governor
of the State of Illinois Ofc0 Robert Schuyler Morris
K4tclum VIM p. Burial New ork until March, le3i;
Jonathan Sturges, Thomas W. Ludlow Joseph w Aisor
/ New York until March. ls55; George Griswold, New
York Gouverneur Morris, of Morri,ana y. Y David A.
Neal Boston, until March so john sanford Leroy
VI WILEY New York Franklin Haven, Boston, until March,
OGccrs-Rober Schuyler Presidents David A. Neal
Vice President; VIM. 7. Burial, Treasurer; Solomon
! Alofsen Secretary. go -, =,
! SoJiCifotS-W H. Bissell Of Belevllle, H. Mason
Brayman OF Springfield. Ill
Engiacer IN Chit.-Roswel b. Mason, Of Bridgeport
Conn. p.,,
The twelve miles of the Seaboard and Roanoke Railroad
from Weldon to South CASTOR nearly completed This
makes the connection with the Seaboard and Raleigh and
CASTOR Railroads. 1t is expected that the cars VIII go
through for the first time the 18th inst from Norfolk to
Raleigh n c. the capital of the Old North STATE ms
will omen the whole of the products of the Roanoke valley
10 Underwater at Norfolk overthe Seaboard Road an accom-
plishmcnt which has been long desired and one |ch IS
destined to be vast importance to the whoe 81 @ Sec
ton of country, and winch VIII make me Iy oi NOT
| folk large commercial port
The Ohio and PENNSYLVANIA Railroad was opened and the
first cars went over the entire distance from IsDSh 10
itswestern terminus Crestne, point on the Cleveland
Columbus and Cincinnati road distant Ia miles on Satur-
day last. The PHsJWrgh gazette OF the llth says;
II announced by advertisement in columns today,
that th Fort WAYNE and Chicago Railroad to be let to
contractors the whole length hundred and fifty miles
Fort WaVnC Chicago by the close OK the next
wear the cars will be running and the direct line from
Pittsburgh to Chicago will be completed he distance from
Pittsburgh ~ Chicago by this route viii be iG1 miles, rs
follows: From Pittsburgh to Crestlne, % miles from
Crestlne to Fort Wavne l3l miles from Fort Wayne to
Chicago 30 miles This j. the shortest line that be
struced between this city and the thriving metropolis OF
the northwest II Is line OF easy grades and large cur
atures and will have first class railroad the Whole dis
lance and when finished can he run i'll from IL to hours
Markets =. CAREFULLY REPORTED TIE TRBuxs.
ASHESIhe maIA steady for both Kinds Sales OF 40 b5s at
C0TrON-The but quiet for this staple Sales
bales 1890
Flour the demand moderate for export and the east and ordinary
brands occasionally PICKED up The arrivals wa and from
eey Sof his at - s7, The sales Of Western Caoa s
ESQ bbis al s. 56 81 CT o common straight state 81 62
@ for common to good and mixed fancy Michigan In
less plenty sales OF $50 bb at 81 u S. IL
tor mixed s9o@ as9a n n snd Rv Fa ' oe S
100 bb fine s. Is Corn Meal in moderate demand - "a
GRAIN Of Wheat 63 but the demand very
al 20 the balance the and $500 bush
euDsound Ohoa 81 le Re rs quiet at sJosie and not plenty
IS for ~ B Tor Jersey Corn heavy
M o the East the as are bushei.
a6lc for unound 6 atSc for o<aoc 10y InNed
6SQGc White do 6oa6 Tor Southern aud jersey
WHISKY market hardly the demand f4irsales
bbls at 2c c for Prison and 2e42e for Jersey Dradge
YRoviS0Ns-The improved tendency our market noticed
last continues and the demand lar WITH few sellers At ge1t
for Prime Prime Mess G9isi and Is ,nna at Beet Is
~ fSoe o sns o IS for Country Ness and S for Re
paced ss cEfssC $5oasS s. t5 Prime PRIME Ness
s5 Meats good demand and yey firm sales $50
nSs 'f S PRIME less plenty es IBIS good
TO Prime. Cheese selling Scasc Butte more plenty and
of Ohio eGs'e stare aud Orange Co.
freely snd plenty Sales Of 30 Dbl.
Atl2dlSc. Timothy at sb ss Tor moved and - sly
$ 3 fSI TSspe& FsHssd inactive at 81 q for % lbs m