New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-12-03

Albert II. Nicolsys regular sem'-weeily auction
sale OF Stools and Bonds will take place on Monday
neat, the sd ns, at l9I O'clock az the Merch .nts
Exchange.
Dispatches from Cncunsti state 'hst the B.ot OF
Ksbaeh s has been thrown on. ny the Tfust Com
psny, and its notes reused BY the public Ressrs
Cones & Co. Of Cincinnati have made al assignment
Mr.. Cores was Cashier Of the Ksnswhs.
The statement Of the Merca,tie Mutasl Insurance
Company shows that the net esrned premiums from
the 80 of April 1854, 10 the let OF Novem per- 1885,
we've $3.50 43l 10. The los'es during The same time
s2,746,l6e e. 10 which 1908, '3s % are 20 be
added for reinsurance commissions Interest and e.
peDses-mskipg total of s3,3i9,9 and .fter de.
ductirg s35, 23i II of undivided profits showing
deficiency on outstanding scrip OF s735 2i3 IS. The
assets Of the Company amount 10 81 Oh, $40 10.
The Trust es have resolved to reduce the cutstsnd
ing certificates of profits 20 y cent TO meet the def
cheney above noticed, and invite the holders to sur
render their certificates and receive ones for the
remaining 30 p cent after the lst Of January next
The business of the Clearing. House was s24 leg OO0
In cal.loaDs there is no marked change, but paper
is hardening. The supply is not large, but discount
houses Going paper at 10 y cert, which, during
the week went at y cent. The range Is 96l2 2
cent with but few favorite nsmes at 2 cent. Tee
Banks are dscountpg to fair extent. There has been
dsrabe drain of gold during the week for Bos-
ton, Philadelphia Bsltimore, Savannah NewOrleans,
&C, and os but small proportion of the Caifornia
arrival will count in the weekly average, the Bank
Statement Of Monday will not probably show any in
crease Of the specie reserve and may show decrease
The two millions of gold, however, ave here they
do rot appear in the average The drain to Boston,
it is believed, has ceased.
In consequence Of very current rumors in the street
yesterday aid to day Of the Suspension Of the Jerome
Manufacturing Company of New-Hsven and Bridge
pot with which the name of Mr.. P. T. Bsrnum was
mixed up Mr.. BaInum has written us q note in which
he ssys:
81 EN- On their paper to some extent, Though fully
secured and had myself feared ihst there was some
truth ia hese reports. Theirs is the largest clock
manufacturing establishment in the world, and al
though their assets knew were full $3.50 900 above
al their indie btsdIess yet feared, account of the
enormous amount of goods which they have on hand,
some $3.50 600 worth that they really ikht be COM
PEELED to suspend for time. left New.Yora for
New-Haven, determined TO know the worst. amre-
oced to say that there is truth in the report They
have made arrangements with some of their creditors
to rent portions of their paper, and all the banks and
capitalists here have done and are ready to DO, all
ly. They are ali right and easy IN regard to money
matters, ard always will be hereafter"
Our Gotten market is depressed by the foreign news,
and buyers are demanding concession of / a &c.
ID. Flour is also heavy at l2!c decline and Wheat
ease. bufhel. Pork has met With a marked de-
cine selling at s2l for Mess and $50 for Prime COT
fee is active and buoyant and Sugar heavy.
The 600, 900 bonds offered by the Nicaragua Com
pany have been taken at coo. or thereabouts. This
is heavy shave to pay on six months bonds with
ample security.
An additional section ofthe Marietta and Cincinnati
Railroad was opened for traffic about two weeks
SINCE and passengers and freight trains are now run
ming daily. This makes continuous line in opera.
ton from Cincinnati TO Hsmn, 125 miles. The later
point is the commencement of the coal region which
this great road will open by rail. Coal trains
coming into Chilicothe This extension of the Marietta
and Cincinnati road also connects 1t with the Scioto
and Hooking Valley road; so that there is
perfect line by rail between Portsmouth on the Ohio
River and Cincinnati. The work On the Marietta and
Cincinnati road, between Hamlin and Marietta, is
low progressing vigorously, and the rails are now
being laid between these points. 1t is expected to
optn the road to Athens by April next.
The Annual Election of Directors for the Fort
Wayne and Chicago Railroad took place ct Fort
Wayne on the 18th ult The representation Of stock
holders was unusually large, and the election resulted
ia the choice Of the ing Board for the ensuing
year: William B. Ogden, John Evans, Chicago;
Samuel G. Haas, Valparaiso, I'D; AMI l.. Wheeler,
Plymouth, Inc; " iiam Williams, Warsaw lad;
Solomon w. Roberts Pittsburgh, Pa; Samuel Hanna,
Pl1y Hosglsnd and Jcseah X. Edgerton, Fort
Wayne. GA the organization of the new Board on
the 18th ut Judge Hanna declined reelection to the
Presidency of the Company-preferring to de-
vote his time more exclusively TO his duties
in the Presidency of the Ohio and Indiana Road
Joseph X. Edgerton, esq, OF Fort Wayne, was elected
President in Judge Hsuison's place. The work on
the Fort Wayne and ChiosgO road is steadily pro-
crossing. Estimates to the smount of $4,000 have
been paid in the last two months. The trsck-laying
will be completed and the road opened to Columbia
go miles by LIST Janusry NEXT and the eastern divs
ion Of the road from Fort WayBe to Plymouth, "a
miles it is confidently expected, will be opened for
business early in the Summer. At Plymouth this road
connects with the Cincinnati, Peru and Chicago
Road; connecting at Laporte with The Michigan
Southern and Northern Indiana Road. On the section
of the Cleveland Peru aud Chicago Road of 2s miles
between Lapoi,e and Plymouth, the iron is in part
laid down. the trackaying is progressing, and that
section Of the road Will be open early in the Spring
snd in time to meet the Fort Wayne ard Chicago
Road st Plymouth, thus completing connection for
the latter road with Chicago. A large business will
flow over the road on completion of this connection
The work west OF Plymouth will be prosecuted with
vigor.
Some Of the private letters by The Atlantic alude
to sn apprehension that the Bank OF England may
sgsr advance the rate of interest but others express
tie opinion that II viii not take place a. present. if at
all. Such is the opinion of the commercial editors
of The london Times. The increased demand for
mo ney in London is consequent upon the great &C
tiYity and speculative movement in sugars and other