New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-10-11

II is stated that the Aston Globe and International
Insurance Companies asking an extension OF time
for the payment of their losses.
The Albany Common Council have taken the fol-
lowing action relative to the projected sale OF the
Albany Northern Railroad by foreclosure of mortgage:
AID Merrifeld from the Committee TO whom the
matter was referred reported that they had fully con-
sdered the subject and offered resolution authorhng
the Trustees to exchange the Bonds for stock or make
anv other disposition of them they might deem proper
provided the city assumed no liability the, by:
After debate Aid. Russell moved that the Trustees
be authorized TO se 10 the highest bidder the fiOW0
Northern Railroad Bonds held by them as security for
the interest on the oan to the highest bidder for eac
Adopted-l9 to ,. ~
The history of this loan is briefly this The credit
of the CITY was originally loaned to the Northern
Railroad for the sum of $500 OOO subject 10 the follow
ing prior liens: LIST mortgage OF $e00 oog 20 mort
gage Of $500 000 and Sd for SO OoO The trustees
of this city loan hold collateral security, oi
Troy and Rutland Railroad stock, upon when nothlng
will ever be realized, 900 Northern Railroad I'd
mortgage bonds collateral security for the payment
of interest on this loan; and foo,0oo 81 mortgage
bonds also as collateral security"
The Mtlice ukee Sentinel says:
"The Milwaukee and Horizon Railroad IL opened
10 Brandon, miles from Waupun on the way t)"ar1
Berlin This makes % miles now In operation anu
brings the road within miles of Ripon TO which point
II will he opeped in four or five weeks. The region
imm, datey about RipOn Is probably surpassed ior
fertility and aggregate of production by no region IN
the country. The amount OF business pressing u
this market by the Milwaukee and HORIZON hoad Is
very large the wheat alone brought IN IN the last Two
days being about 600 bushels, beside other freighs
The out eighs also very heavy, as the numerous
thriving towns TO which gives the idest access re-
quire large supplies of merchandise. Every mile adde
TO this road now adds largely TO Its comparative reye
nue. and this must continue to be The case until IL
reaches Stevens Point on the Wisconsin River. ne
financial affairs Of the Company are managed carefully
and faithfully by thorough business men,
The Neuc- Orleans Crescent the Sd inst. says
The general position Of the Money market remains
unchanged Good paper is in demand at oG| u ceh''
CL.ap enough We think for four and six months Sc
curities though loans can be obtained at 5G6 cent
on undoubted coateras which are equally as good as
the loans which made in New-fork at q cent.
The loans in NewYork at cent are demandaole
at any moment, but here discounts are made at 40
cent on all good commercial paper having from three
TO six months 10 run. There was slight improve
ment in the Exchange market to-day for Northern
funds; Banks though by the by there was but one
Bank that was selling yesterday at / dlscountl under
the current rate advanced 10 an discount. OUTSIDE
there were willing drawers at discount, and there
were but few time bills offering to-day. The rates
generally were little fmer, though the Banks, which
were the chief buyers obtained all they wanted at IL,
L. and & cent discount. Outside drawers were
asking II, /. and Il discount, and for remittance
there were buyers at Il. There were also free
sellers at discount for sight although the Banks gem
orally had fair demand at discount. Foreign bills
were freely offered. Good clear Sterling al 3 which
makes the general range of the market from u to -
for fair TO good. In 81 s the rate for re-
mtance. Francs continue 10 be taken for investment
at52l4. The range of the marke. is from o.2ot 70
j.3i on Havre and Bordeaux, and 3.2|4 to o.|o on
Paris direct"