New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-12-10


Philadelphia to Pittsburgh.
Pittsburgh to Chie.ro. .te5--sis
Eew-Yort 10 Philadelphia.
Philadelphia Chicago.
The completion of the projected Allentown Read in
PENNSYLVANIA short link of 81 mites, will materially
shorten the distance between New-York and Chicago,
and save the transit of Newfork business through
Philadelphia, and make the Pennsylvania Road as in-
portant an avenue to New-fork, a. it is to Phila-
delpha.
The new line will be-
xrw;rosS 20 eHIeAso. Nile
Hs,:ba.f q the ; ~ csna a. s k.S.h
bsni Roads, Of unf'Fm gauge, with Penn,
Jast ssSi. II Road to Pi;.saIs6 40
PRtsbursh 10 Chfwo.......................< $3.50
The distance from New-York to Chicago by the n.
Y and Erie and Lake Shore Roads is 962 miles.
Tie above figures, therefore, show:
l. That Baltimore Is 20 miles rearer 10 Chicago than
Philadelphia By railroad and 54 miles nearer to Chi
cago than NewFork is by the n. T. and Erie route,
lOe miles nearer than ]. by the Phlladeipea
route and but 81 miles nearer than Ne9-York is by
the Fort Wayne, Pittsburgh nd Allentown route.
3 That Philadelphia is IA miles nearer to Chicago
by rail than ,New-York is by the n Y. and Enc route,
route and but II miles nearer than New-York lie by
the Pittsburgh combined with the Allentown and New
Jersey Central route.
3. That Chicago il Sc miles nearer to NewYork by
Philadelphia and Pittsburgh and ~ nearer by Allen
town and Pittsburgh than it by the more northern
routes
These figures would seem TO indicate dechlvey tna-
it is wise policy the merchants of New York at once
to construct and control the Allentown Road.
Tho earnings of the Pittsburgh Fort Wayne and
Chicago Road for the three months from LIST August to
Let November last 1903 9S5 81 which were made
before its connection with Chicago via Plymouth, and
while ts st. Louis business mostly destroyed by
the distractions in the route to ST. Louis via lndsn-
apols. These earnings are equal TO over *2,eooVy
Der annum, or about l62 per cent upon cost OF
AZ eco COO and believed TO show but insdequste-
ly whatthe rosd will earn when completed and in fa J
operation. The Chicago connection via plymouth and
La Porte and the St Louis connection via Fort
Wayne now completed by means Of the Toledo, We
bash and Western Road, will, now that the necessary
mining arrangements are perfected add largely TO the
business and earnings of the Pittsburgh, Fort Wayne
and Chicago Road.
Arrangements arc in prgress for the completion of
the line from Plymouth TO Chicago 81 miles durng
the next year. When completed the gfeat capacity Of
the road for the cheap and rapid transport of eghs,
will not only remove the ihconv enieuce of sending
goods West from Pittsburgh during low water IA the
Ohio but will, in fact, create successful competition
to that uncertain and circuitous route for the nth
wes,en ireghts il has usually taken when Bavigabe
The following lie a translation o! Mare e. Kanzs
circular:
NEw-YonK, s,b De-. 1856
the improved cond Of Affairs here, the Stock Market
already tending strongly upward when To. Asb.. new. was
LONDON with rise Of cent in conso impaired esh i'm
purchase during the day Of over five million. Of dos Of
rites This movement was about 70 make Turner progress
the operator. os al uThe Stock E1cBsns prodaced
. M as be- 1 T
tnsemen OF this firm mated At some ten millions of
dG T5s po as % Of ss Money the .i Foreign Ell
charse and tpmens Of Produce confirm. f.,or.b ba.
Europe past large those
Of sT,Is;PsTdins peJSs r.. ys ,.c.v in
Msour' and Csitorpias wi advance in quotations Vir
e hssf 'ss +. II ssns sna
$3.50 Ohio p Loan due 1886 ''i.i l7i
deliverable in January
Nessrs. Decoppet Co.'S Circular says:
During III. tire. days .Scceeded sdyees q
Stock m.rke. presented state Of great s;t'
rn oaaPsed apS s o Rau Of @
u s tS mt on The IL
spote regard. politics doS,e.ic =, well foreign IN the
the TI.aTy showed the finance. .e rare Property
nd The s @s :1s 9.SSi ~
othe country the from Europe BY the steam
thee. :. e e.a.: Of n.a1e 20
B,fn decided general upward movement the 6.
Me, j. Little Co. announced 5th instant suddenly
rested hi, and threw our s'eek nte; int some
por.pt part in Stock Exchange OPe,.Os for A
s.s :e s Millions Z 'fSi s he
causing great esuary prices and on come r.rssi .asres
.nsa BSha. s Ipse d . s1s
day. I'm p,Ss. ..p.s before the 'So0Fn. causes
STATE srocxs-rae rise has been general and rsnse:i0n'
large.
|
and the private letters even more 50 than the
printed accounts. The bullion in the Bank Geo.
tinued to increase and the Money marx easier
both in London and on the Continent Consos showed
further Improvement Of per cent closing at 81 seii
Cotton and Bresdstas important change.
The Cotton adyce. however, are rather better than
was Anticipated. One London correspondent says:
The English Funds continued steadily to advance
Money bad been in fair supply, with slight increase
Of ease in tie discount mAket and the beet bills could
b. neeotisted a, a rate below the Bank uinin1n. |
Le''sre from almost all the greS Continental Bourse, |
II GLIDING Paris continue 10 be satisfactory. The Bsuk
Of Frankfort has reduced the rate Of discount from
10 per ceuf. There was expectation that the
Bank OF England would speedily reduce its rates TO
per cent.
The Council Of the Bsnk of France has met a. the
nance Office for the purpose of obtaining an suth0r
nstion to r.cresse the capital of the Bank s.ep
' hich produced favorable effect on the Fren;h
un6s'
OF the Australian gold received The Ner. ssys the
Bank must have received some Z 40 900.
The London TINES OF the 18th November ssys:
" The English funds coptiL,e steadily TO advance,
he closing quotations OF tbs evening sbo wing another
Improvement OF / y cent Consols for money, which
,lcsed Saturday at 93 10 a. opened today at 9it
and returned 70 that price after temporary resc
ion TO 81 For the ith Of December the last rAassc
ions were az cit TO I. Within the past week riss
the amount which in the course OF few days will
ave to be taken of on accoun. Of the approaching
dividend.
The amount of bu.ines. to-day w.s It extensive,
,ut the supply of stock brought to market beos the
'emsnd. Money vss in fair supply And the Act OF Q
urther considerable sun Of Australian gold having
been taken TO the Bank, together with decline in the
ON market, tended 10 increase the general conh- |
'ence.
There was ircreased ease In the discount market |
odsy and the best bills currently negotiated at