New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-07-24


The earnings of the Michigan Central Railroad for
the first week in July sil 1854 against s32956 in
corresponding week of 1854 =
The Rutland VT Herald notices case recently ar
gued in the Vermont Courts, being apple itOn OF
Erastus Coming and others for foreclosure of second
mortgage on the Rutland and Washington Railroad.
The plaintiffs asked for an injunction, receiver and
a foreclosure. The defendants commended that the APP
plicaton was the result of coluso between certain
creditors of the Company and the Albany Northern
Railroad for the purpose Of securing the control Of the
Rutland and Washington road 10 the Albany and
Northern, which would be prejudical to the Rutland
and Washington. There were also other grounds of
defense offered. TIE interest on the first mortgage
bonds has not been paid since the commencement of
the suit and the holders of these latter bonds asked
for an injunction against the second mortgage
holders. The Chancellor decided that no receiver
could be appointed on the application of the second
trustees against the first trustees but that the
trustees OF the first mortgage entitled to the pos
session of Se road.
At Boston Paper of prime quality passes readily at
81 al cent, and fair grades at from to ? cent.
On call the range is from to 3 cent but the supply
is larger.
At Newt Orleans strictly prime Paper goes out door
at 9dlo y cent. The offerings at Bank were some
what increased. Sterling was rather more plenty in
consequence of the increased business in Cotton and
the market easier at a q v cent. Francs were
also heavier at Sis 5.Osl Sight drafts on the North
2Gi y cent.
The Po1sriRe Miners Journal of Saturday last
says that this time last year the price of freight from
Port Richmond TO Boston was 60 so y tun. We
quote to day at 81 25 81 80 2 tunabout one.half
the price that ruled last year. Coal which was sell
ing last year in this region at 81 so to - IS tun,
now commands from 81 30 to 80 25 tun only. The
rates of transportation the Philadelphia and Read
ing Railroad the same they were at this time
last year. This the only branch of the business that
has maintained last years rates. We understand
that the managers of the Schuykill Canal urging
advance in rates of transportation the first of
August, and the Railroad Company are sverse to
making any advance before the first of September.
We doubt the policy of the Companies making any
further advance whatever this season. but if it Is
done, no consideration ought any advance to take
place before the first of September
In regard TO the sale of the Pennsylvania Main Line
of Public Works TO of tomorrow at Philade )hia
the Correspondent of The Commer eial Advertiser ss
Tuesday next will be great day here among the
Bulls and the Bears as the Main Line of the Public
works of this State consisting of the Eastern and West
ern Divisions, the Columbia Railroad, the Pennsylva-
MIA canal &c, &c, are to be pat up at public auction
at the Exchange The price fixed by the Legislature
is s., SOC, OO0 The Works, ought 10 have said are
to be offered at the same time at Baltimore, New
York and Boston, for disposal. An English Company
IL nored is in the field, who willing TO bid
g., 600 600 over the amount required by law. The
competitors, so far known, are the Pennsylvania
Railroad Company a New-York Company the Cam
den and Amboy Railroad Company, Messrs. Morehead
Co of Pittsburgh, and Messrs Leech & Co. of this
city and Pittsburc Gen. Cameron and Rockfellow K
Co. also reported TO be in the market. Great ap
prehension Yves felt last Winter lest New York Com
pany might purchase these Public Works; there
seems 10 be more dread that the Camden X Amboy
Company, known TO be very rich, will endeayor 10
grasp this great price which has cost the State more
than s4S OOO, OoOl
The quantity Of Flour, Wheat, Corn and Barley