New-York daily tribune., 1856-07-22


report. 1t is nov c,n6dently believed that the bill
pending before Congress to make land warrants re
ceiyabe on reserved sections OF railroad grants ana
at the public lard sales will become law this session.
This belief has caused holders to decline selling at
presert rate, and has given fImness to the market
making the de mand continue in excess OF the supply pro-
ducing q consequent steady rise Should the market
reach 81 per acre. the limit put upon large amounts
kipg in the market, the supply must be in excess OF
he dematd. We advise all who have ware uts TO
send EN- 10 the market to be sold on the passage OF
The bill referred TO- as we are confident prices will be
higher mme diatey its passage than at any suose
queDt period
lena AID Chicago Road $4,000, as compared with
,Ju1e Of lest year. have led persons to conclude
that the receipts Of railroads running into Chicago
have reached maximum beyond which it will be diff
fcut to push them. They say if the Galena Road,
which has advantages equal certainlyN not superior
TO any leading from the city, is not sustained by the
business Of the country, the Others will fare poorly
indeed But the business Of the Galena Road will be
sustained, and it is worthy of notice that while the
freight earnings have fallen off about 27 cent, the
passenger earnings have increased about % y cent,
and the mails and express over 100 cent and there
fore that while one of revenue has diminished,
another source has made respectable if not an equiv
aleut increase Some of the that operated to
June 1855 because Of the short crop of the previous
year. and under the stimulus of excessive speculation,
the price of to higher figures in thss market
than has ever reached before or since ranging from
&c to IS cents These prices drew every spare bashe
out OF tie country, and swelled the receipts OF all
roads accordingly, ard none more than those of the
Gaena Road which traverses the best cultivated por-
tons Of the State. In May aud June, 1885, because of
the heavy crop of the year previous and the decline
in rates consequent peace, the price of corn had
declined TO and ranged from % to 40 cents. Farmers
had sold their wheat crop Of previous year, which
was a heavy one, at unusual prices, say from
81 25 to 81 IS, according to quality add distance
from market, and as well account of having full
pockets, as general indspostion to cell this Spring
at half the rates Of previous one small proportion
Of tie crops Of 1855 has left the producers hands
Indeed the general opinion of the best Informed in this
matter seems 10 be, that at this date, not over one
third Of the corn crop Of 1855 has reached market
The bslance remsins to forward, and nus. come
and though the fuctuation in prices may affect the
receipts Tor particular month, 1t will have no con-
siderable or material influence the aggregate for the
year. The passenger receipts OF the Gaena Road
increased during the time named 22 T. cent, which is
due the Legitimate increase Of the business Of the
country shown by ha. of Chicago. To the present
date the following has been the increase in receipts in
1856 1855 Of Lumber, staple that measures the
growth Of Chicago and indicates the progress of the
cuiy yation of the praDes, perhaps better than any
other one article for scarcely blow be struck at
improvement in the ci y, or foryacre lot powed, or
any progress made in the cultivation of the soil which
docs 10. create demand for one the other al the
articles bamed below: