New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-02-09

a. Nicaragua was rather active and there appears
10 be on impression that new movement upward II
impepdine in this stock. Com. Vanderbilt has been
elected Pr. sdent vice Mr.. Lord, resigned, and Mr.
j. NJ. Cross Director, 10 I'll vacancy. The move
meut in the Westem shares continues active, ana
nearly all are advancing The principal feature u
the advance in Michigan Southern to s5i, at when
500 shares bought by of the shorts after the
Second Board This movement, which commenced
by parties who looked upon the stock az cheap ana ~
likely to be much improved In intrinsic value py
the completion Of the Detroit connection ana
the Goshen line, appears TO have resu'eu III
n oaasi corner The purchasing OF the shor~
nut the stock up to-day, and an examination
Of the stock lists Of the last twenty days SHOWS
a large amount of stock sold on buyers options when,
If II has not vet been called in and sold IL sufficiently
large TO put the stock TO par Cash STOCK was scarce
today. and could be easily lent without interest. At
par however the stock is 10 cent below the prce at
which It ruled last July. Galena was better to day,
,e1ipg at l0s2 0lO9. We hear much complaint in the
street Of the delay in the payment OF the February
dividend on this road and the delivery of the new ls-
sue Of stock. The dividend was payable IN Chicago
on the lst and the New-YOTk stockholders have not
vet received it. A portion of the delay IL due to
the interruption Of the railroad communication,
but still more If due to the inefhcIency
ar something worse Of the managers in the Chicago
Office portion if not all of the dividends due New
York stockholders not mailed at Chicago until the
9Th or 9th inst instead of being promptly forwarded
on the day it due. The new stock upon when %
4, cent was paid on the ls Of January, thirtynine
days ago and so y cent the LIST of February, has
not vet been delivered to those to whom il belongs
and who have advanced the money for it. The
managers at Chicago appear TO have no idea OF the
embarrassment which this delay subjects parties to
who have any considerable amount of their stock.
The fact that they have the best and most profitable
road in the country in their charge, and that even
their bad management cannot neutraze the great
advantages it possesses, and prevent it earning %
TO 30 y cent per amum, appears to have blinded
them to the fact that thorough business qualifications
are necessary in the management of railroad as to
any other branch of business Ii is evident that an in
fusion Of new material is eminently necessary in the
management of this Road some one acquainted with
the rules which govern business matters in the present
century. Chicago and Rock Island advanced to Of;
Milwaukee and Mississippi sold at s4 Michigan Cen
tral, s24, &c In Railroad Bonds the business was
principally confined to Illinois Central which sold at
ESD, an advance of y cent. The sales reached
$4,000. In Stete Stocks the business is not large
and prices are well sustained.
The amount Of transactions in Exchange would have
been quite limited for the steamer tomorrow but for
the demand for Sterling for renting the Mexican pay
ment made day. About 100000 was taken for
this purpose at s2asi y cent. The market closed
at eaa9 y cent asked for bankers bills. The supply
coming from the South is fair. Francs very plenty
at 5.25a5.20.
The Freight engagements to Liverpool are $500
bbs Flour at 2s Cd; $50 bales Cotton, 732d. 900
pkps. Lard, 25s. a 27s 3D. some Measurement Goods,
2Os.; 500 pkgs. Bacon, 27s cd. 030s. To London,
several thousand bbls. Turpentine, s; 10 hhds To-
bacco, 300 pkgs. Bacon, 40s.; and Measurement
Goods 35s.
The business at the Sub. Treasury to-day was:
Paid s795,37 49, received, sl60,062 balance,
81 l9Oll4 co. Paid Dsbursing Checks, s76, $50 49,
Included in the payments was s656,O0O ON account
of the s3 600 600 payment to Mexico for the Mesla
Valley The payment was to Messrs. Rowland q
Aspinwa and the gold went into the Bank OF Amer
lea. This payment took the street by surprise and
produced considerable animation in the stock market
We hear that another draft for $500 900 is IN town
The entire payment, as we hear, will be about
81 Csc. OOO-Of which Messrs Rowland IL AsI'nwall
have one quarter as above, Messrs. Iiargous - Co.
one quarter a Mexican house another quarter, and
Messrs Aspinwall act agents for the fourth. The
difference between So $50 900 and So 600 was paid
is understood to the present Mexican Government
to induce them to abandon their claim, withdraw
their protest and allow the drafts OF Santa Anna to be
paid by our Government. As far we can learn some
three quarters of million of dollars of the amount
will remain here, the remainder will be RENTED to
Europe.
The Sterling for the amount paid to-day was bought
ar will 90 forward by the Fulton tomorrow
Amng the Sub-Treasury payments to-day was one
of S57 900 TO street bank for Government Stocks
sent forward fer redemption
The BROOKLYN and Jamaica Railroad has declared a
semi annual dividend of 4 y cent, payable on the
18th of February,
The Lorrillard Fire Insurance Company semi-an-
nual dividend of y cent, payable on the nth inst
The City Bank of Hartford Conn, IS y share,
payable on demand.
The Pacific Mutual Insurance Company have de.
clsred a dividend of 81 cent on its business of 1850
The Illinois Central land sales in January
4sl 36-lOO acres for s75,O57 46i average sl5 "a
per acre. The earnings in January were sl35,oo0,
against s57 900 last year-showng increase of
s7s 900. In view of the unfavorsble weather during
the month this is very favorable. The annexed esti
mate of the affairs of the Company shows that the
interest on the funded debt of this Company will be
fully covered by the earnings tins year, with the sales
of interest fund lands estimating the latter at $3.50 Ooo
the last year. and the earnings at $4,000 900,
against 81 500 lis in 1855. This estimated increase is
warranted by experience of other prairie roads. The
estimate is as follows:
Business Of lS56-Gross receipts Of Road. S25oNo0
interest Lana sales'''''' oNVVV
Total. ................,........... 2S5o00