New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-07-24

The North Star, from Aspnwall, Of the Independent
Line, has $500 900 gold on freight.
The Pittsburgh Copper Company Cliff have declared
dividend Of s. share payable al the Office OF j. W.
CLARK g. Co., Boston.
The week closes with an abundanty easy Money market
or those who have satisfactory securities. Very large
amounts millions in the aggregate in the hands Of
srge lenders unemployed for want of satisfactory Dor
rowers Many the leading stock houses will not take or
ders to buy stock. excepting cash. which tends material
TO reduce the demand for loans. Meanwhile borrowers
for railroad purposes have been almost entirely driven out
OF the market leaving large which has not been
filed by other borrowers and consequently capital con-
pues TO accumulate and the effect is seen in the reduc
ton Of Of interest Railroads have for the last year
more than any other sustained the rates of interest
IN the street. When Erie, Hudson River Illinois
Central aceeptances were the market continually at
l2QI5 y cent, but little commercial paper could be
placed at better Now capital is withdrawn from
this avenue of investment and frstclsss paper goes at
SOLO y cent, with a demand exceeding the supply
Railroad acceptances even Of the best class sold only
in small quantities and with great difficulty ut lG0ls
cent Az far as the Money market is concerned the e1-
poson of Robert Schuyler advantage to the street.
s il withdrew borrower who always ready to take
any amount of money without much regard to the rae OF
interest There is also general contraction OF engage
ments going on and indspOsiton to enter INTO new
op.s which must materially assist in the continuance of
an easy Money market until the lessons Of the past month
are forgotten and we get full head of steam again.
The Bank report will probably shos further increase
Of coin Tomorrow The Sub Treasury has taken about
1900 600 this week more than disbursed while the
foreign shipments in the bank week were less than
$500 600 These disbursements have been more than
made good probably, by receipts from the Mint mil
lion We hear came over Thursday Friday, and the
Mexican fund will this week count three Millions while In
the previous statement having been in bank only four
days. Il averaged in the statement but two millions
The Ohio and Indiana Railroad will be completed by
the 18th If September next when there will be contnu-
ous railway from NewYork via Philadelphia and Pitts
burgh, to Fort Wayne in Indiana. The means to
complete this road have been secured at home by par
ties interested along and near the line. About IS miles
of the Fort Wayne and Chicago Railroad commencing at
Fort Wayne where it joins the Ohio and Indiana Road,
will be completed and in operation by the LIST of Novem-
Der next Twenty miles further to Warsaw, will be ready
for the rails early day next spring and will be COM
peied as fast the rails received from Wales Iron
or the entire line to Chicago $50 mes) has been pur-
chased and is in the course OF arrival 1hs ROAD
will be completed to Chicago within fourteen months from
this date 1t may be satisfactory to those interested to
know that the management of this road is in excellent
hands and is being constructed with prudence and econo-
N.Y. Since the month OF December last the stock sub
ecflptODs 10 the Fort wayne anu ShOoSV NooN ""'N
been increased from 900 to by parties
interested in its completion.
TAompson's Bank Note Reporter has the following
items;
The Country Banks, judging from the movements OF
currency sound condition. and we do not apprehenu
sny failures at present Some OF the New England Banks
hold large amounts of Railroad paper, and some OF them
lost good deal by Schuyler, Dwight and Chlttenden
The contraction that commenced year ago. however,
will save many of them from brehking.
The notes 81 the Cochtuate Bank Boston, Mass must
be sebied the Receivers before the LIST OF AugWt
next in order to share in the di'.ldend.
The Charter of the Erie Bank Ere, Pennsylvan ex-
pired soufe year since. We notice that large
amounts of it's bills still in crc ationthis would not
be If lhe Bank was honestly windingup.
Land Warrants are scarce ana higher;
100 acre wsusnts...... sl@
~ acre MaTTsnts''' 40
The transfer books Of the Harlem Railroad will no,
probably be opened until after the stockholders meeting
on the LIST of August The New-Haven examination has
not vet been completed We do not hear Of any new dis
coyee There has been absurd paragraph going the
rounds that $500 reward had been offered for the arrest
Robert Schuyler. No reward has been offered, but 1t
understood that measures have been taken which may eaf
t. the arrest of the criminal.
The following is the Report of the Superintendent oil tn
NewYork Central Railroad to the Stockholders, as to 1T
business for he fifteen months which will end on the 1s
day of July, inst;
ALBANY, Saturday, July p, 1884
To tie Stockholders of the NeO York Centred RGarod'
Company;
At meeting of the Directors of the Company, heid I'M
day the annexed report of the Superintendent, a. 10 IL
business for The fifteen months, which wall end on te SIS
do, of july Ds ant, presented Ihe class.hoauoi
OF the Superiptendents accounts bad previously peer
examined by a committee consisting of Messrs richmond
boo0y and Wilkinson who found the same sai'siac'o
From this statement, appears that the ne, earnings
tie road up the 3st inst after deducng the hrst uV
Ard xIn kaIa a
dvictnd Of four per cent amounting to sy92,o24 ma
dinghy been declared by the Beard payable as here
inHft.r stated.
circular containing statement of the affairs Of the
Company having been submitted the stockholders or
til 3si May last at Ill time the option OF subscribing
Ter 600 Of the Convertible Bonds of the COMPANY
WIS offered TO them is unnecessary TO recaltulae th
acts il contained As the stock of the Company was q
that time above par thought to be due to the stock
holders give them this option Had this not been done
tie hsue could have been readily disposed OF at par
tIst time.
market combined with other and most extraordinary
causs has prevented these bonds from being taken Thu
unlocked for state Of things, which human sagacil
could have foreseeD, certainly not at the early day
xheL This issue was resolved upon, has entirely dsap
popted the Directors in their financial an'
.,.Sd al finding themselves in funds fur the prosecution
of the ements the road has LETT s no alter
native but 10 loan the construction account tne curren
income Of the Company alter paying m Ea' 'raE =, ~
vork had ertaken. The amount thus loaned WI
refunded out Of the first sales which may hereafter
made az the Convertible Bonds. Ill ;.;h
The Accommodations Of capital now gong on WILL Is DC
Geved before long begin to seek Investment, anu
confidently hoped that sufficient amountol ,heso oo
for this purpose will be disposed of at an early Gay
the requisite shall have been recevea Vu
th source or Otherwise the dividend of cent declare
aforementioned Will be paid to the persons VINO az
stockholders the let day Of August next, with intees
frpm that day, of which due notice will be given.
The Directors that by offering these bonds
adiscount, course which in the administration Of tn