New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-03-29


"a .4sE F.sn - = 5000 sos;s-,rt s. a. sssOo c
., - is7s lot. : Bani.t.
MONDAY March Bpm
The stock market to-day was active aud
teperally sru The disposition 70 operate appears to
be growing. the ease Of carrying stocks Increases
Tie Coal stocks have received Tie Srs; impetus Par
ker Vein went 70 80 advance Of = cent since Sat
urdsy, with sales Of nearly 900 shares Cumberland
sod at ST an improvement OF y ct. New-Creek It,
PhGnix % &C. &c Canton also 6rmer to day.
sId sold AZ y seller sixty Nicaragua heavy and
closed At 3li The Railroads were generally irn but
Erie was hesvy and closed at - Reading bad an up-
ward tendency OF Harlem the sales were large. 3Op0
shares. and the mArke, was firm. Hudson River wa
rather heavy. Norwich improved p ct In preni-
stocks there far business doing aad the
kes l. steady. sxth-av. advanced 70 III Buffalo and
Rochester 49, Rochester and Syracuse 80 &C. There
a good demand for Erie lss Mortgages, and Con.
vertbles Of ls62 of which $50 600 sold the form
er at liz ard the latter AZ 979as The Convertbles
Of ls71 were dull Government stocks were firm
In Exchange there is not 8 very active busi-
ness. bu, Bankers rates are IN some cases Y cent
higher Wequo,e s,'rling Il a9sc with fair supply
Francs are Silica l3ic. The supply OF Sterling
would be larger but for the failure Of several New Or
leans male
Freights to Liverpool are heavy. Wenotice
5000 or $4,000 bushels Grain sad 1000 or } OOo
bbls Flour 96d I'D Cotton e-32l 6id. tho
latter for Sea lsArd 30 tcs Seed, q 6 To London.
5000 Dbl, Flour. lOi. To Cuba and market cargo
taken At Old for Gram and , for Flour cargo
Of GO bales Cotton also taken at lc for ST Pc
tersburg
The amount received at the Sub-Treasury
Wa. sll4l6 Payments si96 69; Balance 81 l0l 49s
We have reason to think that within thirty days Their,
will be serious depletion Of the Sub Treasury.
The relief in the money market continues TO
be felt and but little difficulty found In obtaining call
loans at y ce ut. good securities Paper is 70l
y cent Tor hrst class Some Of the Banks are
strong in coin, aud discountng and making loans
with more freedom. We getting some coin
back from Savannah and Charleston and more y com.
ing Remttances from the West are also looked for
soon.
Mr.. c. j. NJ. Bassett, at present Cashier Of
the Taunton (ass) Bank, has been elected Cashier OF
the Hanover Bank Of this City and has accepted the
trust Mr.. Bsssett comes with very high reputation
Bank officer Mr. Buck continues, for the present
at least, TO serve as President.
BY reference 10 our Advertising columns, it
will be seen tina; the Board Of Directors Of the Clsve
land Columbus and Cincinnati Railroad Company have
passed an order TO increase the Capital Stock Of the
Company % y cent. be distributed pro rata E; par
among the holders Of Stock the first Of April next,
Ths increase Of Capital stock is made to raise
to construct double track FROM Cleveland down to
the Ohio Indiana BeielontAine Roads made
absolutely necessary by the greatly increased aud In
ereasing business of the line. The Board the
time declared dividend of three p cent Hold
ers of Stock the New York books will make Applica
ton To Winslow, Lsnier 4 Co, Agents of the Com
psny
Our advertising columns also contain a list
OF Bonds upon which the interest is payable at the
Office OF Messrs Winslo Lanier Co the lat prox.
There is fair business doing in Railroad
Bonds for home investment and there are also consid
cradle ordersor foreign account Quite large amount
will go forward the Exchange be sold At
better rates than current.
We have been furnished with the annexed
communication in relation TO the Erie Railroad which
satisfactorily Opposes Of SONS Of the recent charges
against the Directors OF TIA, work The business Of
the road for March hs. been very large and will proba
bly, reach s35 600 or $50 600 If the Increase daring
the year continue. to equal tina, the presen, quarter
tie receipts Of the road ia ls5j will considerably ex
eeeed g., 0c0O00,
THE ERTg RAILROAD
As one Interested the success Of uticOus system
o. Railways in America. have read with surprise ant
regret the articles upon the New fosk AMI Erie
Rail- DAD IN Journal protesting q be friendly - the
ssme sysiem The direct tendency 90 such articles
ssihHg the management Of the principal Road Of the
country % destroy the credit D! Others less able 20
bear the buut and they be u,t.aed only By estab'
zhDg the truth II the charges they coataG, aud ne
H.. B srraa
ire conclusive letter Of the President reply thA,
neither O. these be done.
Thee ehsrse. are simply that the Road has cos
than the esiimstes that the aggregate o. the teas OF
cost IN The report the Le.isaur and the 81 abil
res Of the Company DO not correspond that the D.
recfOrs have mzde iae exhibits VI the Road In regard
u the cost aud ia regard the earnngs aud that hs
teN loan has been made N bad s4th - the holders OF
convertible bonds.
TIE Road has undoubtedly COS, than the ESTE
mai,s Tie ART were very WIDE Of the marx.
Nobody would think now Of estimating the COG; OF
fuad II 40 miles through such country al - OOO 900
Bat the pr-sent Directors not entirely responsible
Tor those sstimstes They took them as they fOgcd
th,m They worked On for eve years an when they
had got tie Road 20 binsbarnon, they made report,
eNr ne Why tie road up % n - point had cosi more
thsu n e-'instes the great nee Ia the prre Of
hbor the pected nssuTsl obstacles they met With,
and so the Increased expense resul1og from change
OF route Bot there were other obstacles not d1dE
upon ~ ID, u YET eel kno ~ have ex.te, VIZ The
cGcuty Of geaiag money except ~ heavy ra,e-, and
IL obsnC . "a pay interest stockholders. 10 SPITE
Il eli these The Directors. b. sn0aderlng the work
themselvss and BY yutrDg thetr Individual names y
TIE paper Il ne Company (as e well known 10 VAL.
~ carried re roed through that point FOR $50 90
nile certainly 10 heavy or iniudiciogs expenditure
They then made another estimate They thou ght Trey
could carry tie Road 20 HOrnellsvle ior Sl3OO0.-
oDO HOrueM vile Wa 10 niles beyOud B.ngt1mton,
and Hwou hardy have seemed tals eOld
be done Ye. 10 appears thst Ia March l-5O he ROa1
"a ope1ed % Coming srd the ~ miles between here
and Hor1esve put under Contract sDt the On mere
for purchased aid eli for sl44r 9l. All ibis while as
Road Wa earning pGrstv-iy nDtng tue a5culnu~
m interest OF deb, and sock had ~ be pad and Il
wei known 4 II The second mortgage bonds were rear
ized during hat year heavy discOUE-1 20 -lr 4p
pesrs 4 az he Road was acr1Al5 comp sed % Horueis
VIC sor Dot much mere than re esInlz.e Tae Drect
ogs said ihey though they eosld cops's the Roadtron
mere 70 Lake Enc Ter e. 7510OO beng s0td Of en-
IL ssl Wberess sPPears oy the krPori Of Deem
bes le5l thst aid scruzy cost ofenod % Lake Inc
s9 eco, 90; beng difference u so4OlO1
Ths eertzLly large dscrrpsney. pat y essIy a.
csUrred for SahoU, sapPosng d1aoaes-y a the ma