New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-06-16
rs is.s iss7 and lsss by the sac Of NswYOrk can

be seen At ne Office
TIE boot, Of the Panarna Railroad Company were closed
yeeterdsv preparatory the declaration Of dividend
The Pbenir Bank Charter expires on the lst January
not and that Institution vii be re6rganized under the
Free Banking Law.
The Executive COMMITTEES II he Z s Trust Co consists
affhe following gentlemen joseph Lawrence, Wilson g.
bart Robert Kelly, b. X Arnold William Tucker. John
j. Phelps, Charles T. Bill, John j. Cisco and Caleb 0.
Falstsd.
The Peru and Indianapolis Rsro'd 70 Upton, 40 miles
WI. be completed this week and the business upon Il 8
srks5y large for an incomp line over hundred
20 seneers daily passing over IT, For distance Of p
miles TIE road has been in operation FIR some time Tne
whole fine 70 Peru will be finished and IN operation early
in the coming fall
The business On the Madison and Indianapolis Rs'lroad
continues good ard nOtw,hst nding the competition OF
ether nss will for the current sI months ending with the
present month show handsome increase over the eorr
pondDg period Of last year The usual semi annual dlV
dend will he declared next week
Hon W T Johnston late Governor If he State o Penn
iylvsnia and President Of the Allegheny Valley ka
road Company in this City and has made h7srs WINS
low Lanier q Co. the Financial Agents OF said Company
in NewYork and placed in their bands large ano1nt o
corporate securities tor sale ceved in payment o. stock
subscriptions viz $4,000 Of the per cent Bonds Of the
County Of Allegheny lin which the CITY Of Pit'bursh Is
suatd and 100000 Of the per cent Bonds Of the City
Of Pittsburgh The taxable property Of Allegheny County
ncsr go nm 600 with only other debt n million,
for which the County stock in the PsnnsYlvasia Cen
trs Railroad 20 that amount wsrh over par The tax
ables Of the City 81 Pittsburgh about sl5O)o00o With
fns debt The City property ia her Corporate right
worth more than her entire det The payment Of these
bonds Is guaranteed by the Allegheny Valley Railroad
Company The Allegheny Valley Railroad is Of much
importance to Pittsburgh and to York II commences
At the City Of Pittsburgh and terminates The Erie Rail
road nesr Clean and Is about Il miles long The esna
ed cost Of its 81 COO 600 The stock subscription no 20
be present date is $1,000 900 which will he considerably
neress ed The grades easy The whole line has been
placed under contract for graduation and masonry and
large number Of bands employed thereon An In
specon Of map will show that tl line viii afford facility
Of transportation to extensive and important region Of
country present without the same and that much
nsedfd. II through not only fertile region, but
through district Of country aboundng in coal and iron
ore to large extent
A report TO the stockholders Of the Lsngoen Mining
Co. has been made II is signed by Talmln J. Waters
The President This gentleman has visited the mines, aud
has arrived At the following COM usion
That 10 conduct husnes Of 800 per dav the cost
rer day viii be 81 "a leaving profit Of 4lg the srce Of
50 % per fun which has ruled in the Baltimore market f'r
a long time past
culafon under the Of he head miner who il
man If much experience in the liness that in the c,ure
Of months operations the mines AZ IRngoen can be
rnsde "a produce sud deliver such amount Of Cod and
until The husness shsl reach the amount stated the ratio
Of profits will be somewhat less fr the obvous reason IN
suudy Of the expenses must he incurred wei for the
smaller as for the larger business
The supply Of Coal contemplated from the foregoing est
mate IL TO be obtained exclusively from the property az
Lsngoen. which in close proximity 10 the Baltimore and
Ohio Railroad but the President believes tlt further deve
lopmenis for transportation will render il advisable to
open the fourteen feet bed OF Coal which underays The
property Of the Company Georges Creek from which
an unlimited supply can he obtained.
The election in Buffalo for oaning the credit Of the city
to the Buffalo and Pittsburgh Railroad has resulted in
majority Of 200 in favor Of the loan.
The second branch Of the Baltimore City Council have
passed the ordinance to guarantee the boais Of this road
for 81 900 which had previously passed the first branch
The Hartford Times states that the Committee appointed
to investigate the affairs Of the Ocean Bank have reported
1--WE understand that the Committee the officers
Of the Bank fer issuing bills the strength Of such de-
posts the Presidents check which is allowed to
nsn in the Bank But they that the checks of Mr.
'Wirsms President Of the Ocean Bank, good, and
would have been paid had they been presented They
coincide with the Bank Commi-s iners that the law
authorizing circulation upon deposits ought to be
"pealed and their hill provides that bank shall issus
"bls TO greater amount than % cent above ia capital
"sock together with s surplus earnings fund actually
"On hand"
The Stock mark is more active snd buoyant 81 Boston
Ocdensburg went to Il Vermont Central H. &c, and the
Bonds Of these Companies also better. The J,vraR
says
1.-THE sudden advance in the market values Of these
Stocks and Securii mainly owing 10 the announcement
that Mr. Lee this morning elected President Of the
Rutland aud Burlington Railroad the inference being
recv drawn that harmonious business be
tween the three Northern lines will he the reult OF the
movements 'hus far completed The next step is u be
made NE O.donsbug and matters der such favor
able progress that can no longer doubt the amctbe
! settlement Of the whole business.
Further advances also reszed in Copper Stocks
Forest parti ula'y sctive rising durngi d1yto l6
n gain Of 50 4 share quo'atons Of yeierl,
ing Toriec in demand, but scarce At II Gl2 al i'm
| provenent Of u q share Dana advanced J.
"In the small Fancies there life generally
Malone sold freely at and quite prominent At both
Boards
money is abundant prime Securities but raj O in
terest do not Weld Choice have been passed
day in the street at from al cent and fair notes
ats
Markets. -. CAREFULLY REro,TED FoR TVS " 7 TEIsvsE
WEDNESDAY. Jun. IS
AsHFs-The ,ke seadv with good demand Sales Of sos
bhl, 81 81 Is for Pots, md 6 l2i for Pearls
COTTON The market dull and heavy 500 b,e oay
wv Cur1enf Frior, t6r L'reypai iiolii,a
Atlantic rsrs FLORIDA. Other Gllf Pors
lev 6 e. IS $ssis... :l::I sa ss
hddhnf Fair 10 rrir. idllt lltdllt Ili4lsi
Fully Fair 10 good Far a. q q
Coed and fine........-- q d a.
The arrivals have been;
Bses Bales
NewOrlesns ...........2o0i South oAons ........ 50
gs7 North Carolina. Is