New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-12-21

Deuot 10 Ioeoo, ana me foiiowlDg Bcuremsn nave
been eected Dire ctors: John s. Barry, Kalamazoo
Mich; John Wilkinson, Syracuse, N. Y Joha Sny-
ker, Rome, N Y; E. Li,chfed, New York; Hugh
White, Syracuse, N. Y; Hamilton White, Syracuse
N. Y; ID. A. N,bls, MomOe, Mich W. Clark, Mon
roe, Mich; Hepr, Ledyaid, Detroit; Henry P. Bsld-
win, Detroit This is a connection much needed by
the Sou bern Michigan Road, es IL will give them
share Of the busin which TO Detroit by toe
Great Western (Canada Road, and which has hereto
fore ben monopoized by the Michig IN Central. The
route s feasible one, and The distance from Detoit
to Chicago rather less than by the Northern route.
The Direct of the Michigan Southern indi giiu4y
are reported TO have subscribed $500 900 the stock
The compeen of this road will be likely to insugu
rate mole active competition between the S)1thsrn
and Central Roads than has heretofore existed.
We hesr Of 1000 shares Illinois Central stock
bought yesterday for foreign account on teegrsphic
orders from Hslfax. The price paid wss above the
current market price at The time. We think there
we also teegaphic orc for Illinois Contra onds.
The receipts Of the X ad for November were sbo1t
sls7, 900.
Mr.. Watts Sherman of the house of Duncan, Shsr.
Co., left town to-day for an extensive tGar of
observation through the southern portions Of the
country and Havana. His movements may embrace
San Francisco where the business relations of the
house mansged there by Messrs Alsop Co, are as.
suming features Of great Importance.
In the Money market there is no ne fes'ure. There
was perhaps rather activity in call loans to day,
but the supply was abundant.
In regard TO the obbng business Of the city The In
dependent says:
Arrangements are nov being made OF very
tensve scale in New York for the Spriog trade Tns
gre at prosperity which has attended the Efforts of
bueiI e. the pset yesr hss induced the orgsniza
ton of large humber of Pew firms, to commence
operations the let of January. UDleas prevented
by tiehr Money market, business will therefore be
lars ely exteneed the coming year. The county, II is
generally conceded, was never IN sounder condition
than at present Old indebtedness has been cancsled,
her financial condition ia far better tnan any other
section of the country. The mel chants of Illinois
now as good aud independent as the merchants of
Massachusetts Far off Wsconsin-tae very garden
Of the West-presents more inviting field to
New.York merchants than any State in New-E England.
Indiana is as sound as a nut, and IN conditon to
buy more merchandise aud do more business thai at
any former period Ohio and Michigan of course
are 1Ourisbiug 10 commercial affairs. With bright
ects therefore, far country il
cened, do we lock forward. The business of New
York the coming yesr will be immense"
Geographic dispatch from leading house in st.
Louis TO its corepoI dent here requests them to send
10 more gold which would indicate that the drain In
that direction suspended for the present at least
This drain has been large for the last two months not
less thar million of dollars, of which one commercial
house here hes sent nearly half million. The move
nent Of specie between this city and Boston is turning
in our favor We hear that $50 900 are going to Ss
vsnnah by the steamer.
There is movement in coffee and sugar, and
the tendency of the market is upward with a Speou
latiye movement. Cotton Is steady, but buyers and
sellers disagree. Bfeadsttfs are rather frmer flour
showing Go. advsDce Among the sa'es Of corn vas
one Of so OCO bush. Southern at 9Oc. for January.
Pork is somewhat excited, and hiss an upward tend
eIcy
The business in Land Warrants is rather more ac-
tive at 90 lOOc y acre. The orders are if anything
rather in advance OF the supply.
The New York Corning and BnffAlo Road viii
probably pas into the hands of the fret mortgage
boz obolders Proceedings have been commenced to
bring about this result
The foreign journals are at hand, an we make our
usual extracts:
Fron The Lire,p Of Timss Of Saturday.
1.-THE rumois of a new basis OF negotiations Tor
PEACE recently SO rife in the country, aud which re-
ceived official support both in Lo1don and Paris,
having been proposed by Austria, VITO the SANCTION
OF Russia, TO the Western Powers, and fsvoraby re-
ceived by them, very likely to prove erroneous,
and the opinion is again forcing itself generally into
the public mind that We are as fer from the anment
of peace as ever The quarter from which the propo-
respect from The Allies especially it is very doubt
fu bavirg the result of the Vienna Conferences before
our eyes) whether they had been made by the sane
til n Of Russia.
ton of the money market. In the early part of the
week be demand at the discOunhouses for accom- no.
dalton was heavy aud high rates we're paid on che
best bills The calls on The Bank OF England vera
also large Tie engas emelts of the 4a OF the month
past over Satisfactorily, and it is understood that the
number Of acceptsnces provided for fewer than
usual. During The Last few days there has bsen less
tphtness and there expectations thst the Bank OF
Eng land will shortly reduce the RATES upon bids be-
tween sixty and ninety five days, although no change
is likely for some tae III the minimum Y cent for
fret class paper. In the Stock Exchange Moaey Is
worth 81 10 y cent on Government Securities No
ar ivss of gold have reported t1is week. except
tire PfGnican from Sycney, with specie valued az
Gee 00O long due, and only about f300, 900 of
the large supply Of last week is likely to remain In
this country.
'Ihe return from the Bank Of England for the week
ending the let December gives the following results,
when compared with the previous week:
otheI pep0s''''' 80 ICE nsFs S'a
ION the Other side of the account
Securities rs s4o... Decrease 96is
ole secuines.... 1885 757. IneTe 2l7Sls
Notes Uns uploy sd... 5 sos 4e5.. Iscfess. 1880
"The amount of notes in circu etOn is 075 0s5,
being Oh increase of ga 1885, and the OF bullion
in both departments I'll 227 lO7 showing nincease
Of fs7l70 when compared vita the preceding retdn.
Bullion has been in gooi demand during the pact
week aud bare supply, the printed prices being ~el
supported
Fois'sn sold In bars (ssrdard) ..........e 0.. s7
Foreign silver IN bars (saDosrdl ........y o.. IL
God coin, Portugsl pieces o.. IL
Gold doubloons PsiTiot. o.. Is
Gold coin douboops, Spanish. o. IL
Gold com Nspoleons o.. 10
Gold coin 10 suider pieces o.. 10
Silver O in Mexcsn ana s. American dolls ...p o. Of
Silver coip, Spsni'h pillar dol o.. loi
Trade in the manufac uriDg districts has not pre-
septed any material variation, ansactons being gen.
orally of an average character and prices tile Affect