New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-11-19

At Philadelphia there Is an increased amount OF
capital seeking investment, and themoney market is
easier, prime business paper passing freely at 10
y cent annum.
New-Ysrk Exchange 13o2l prem. Boston E1-
change II a 81 prem; Baltimore Exchsuge, al dis.
American Gold, 2a3 prem.
In regard to the Reading Railroad new mortgage,
The Ledger says:
"There was another very excited stock market
Yesterday and prices made another decided advance
The proposed arrangement of the Reading Railroad
Company is for prospective, we think than pres
spt a@vsnesge and is the most desirable thing probe
oIs. The mortgage of 81 900 600 is made to MIR. Gull
len, the President and to Messrs. Boxer and Norris,
two Of the Directors Of the Company is of course
second 10 the mortgage covering the bonds OF 1870
but supposed to be ample security for the amount
1t Is open we understand for all creditors holding the
present floating liabilities Of the Company who may
desire 10 fund at the rate of 500 In bonds, bearing
cent interest for $75 of existing Indebtedness. The
same mortgage is also intended 10 cover the bonded
deb. falling Que in 1860. If the present advance 10
the stock market holds there IL not much question
that the proposed arrangement viii be carried through,
in which case the Company will be relieved from the
embarrassment of its floating debt, and move again
prosperoufly. The difficulties that beset the Company
now we understand result almost wholly from the d
which il lent the Lebanon Valley Railroad Company,
in the construction Of that road. In this effort re.
had TO the street for means, and when most
extended in this way, overtaken by the monetary
crisis that has FRUSTRATED many interests. With the
inconvenience Of the hosng debt removed, as prob
ably will be, the dangerous experiment OF hazsrding
another will NO doubt be avoided. The Reading R.i-
road ia one Of the most important enterprises in the
country and is vitality connected with the interest and
property of this city. Without it we should have as
little coastiDg trade as we have now Of foreign, aDd
practically, Philadelphis would occupy position as
Isolated from the seaboard situated at the foot of
the Allegheny Mountains. IL is cause Of graduation
that the road ia likely to be continued in usefulness"
The Nep- Orleans Bulletin of the 9th Gays Exchange
on all points took strong jump to-day. In Sterling
the business reached 10000, of which round
amount Of bill Of ladDg drafts at sc, and clear at
range Of 95 e0O including 10000 at the outside
figure. The suddenness OF the rise msde the market
quite Irregular that while strictly frst-class names
were sold early they subsequently brought par.
Sight and abort sight Nex-York was in active re-
quest especially the former, round amount Of which
cold at v cent discount. Subsequently, parties
refused to draw, and the bsnks, having hardly any
uppiy, were compelled to put their rate to par.
leading private drawer was offered y cent. Early
in the morning sale of $25 600 three days sight was
made at 81 y cent discount. Afterwsrd, there were
sales Of go. 600 day sight at 2a2l y cent dis
count Some fifteen days date fixed was passed a. 4.
The market closed with upward tendency. Francs
have taken wide range, ssy from 61Oo575, but
only small sales at the outside figure and large trans
actions ct 610a6f.
ID. G. Freeman, the lessee Of the Watertown dvi-
sion OF the La Crosse and Milwaukee Railroad writes
that he viii pay Interest coupons the 6st mort
ssge for $4,000 the second mortgage for 5000 Oae,
and the third mortgage for $lls0OO This leaves the
City Of wstertown to pay So. OOO aud the Town of
Columbus $4,000, on bonds Issued by them to aid in
building the road.
The Lpiston Falls (Mainel Journal says business
in thai place is sensbly affected by the st,ppsgs of
the looms and by short work. Tae baggiug mill shut
down altogether some weeks since. In tae Hill mil
some Of the looms stopped, and the remainder are
only run four days in the week. In both of the Bate
mills the wide sheeting looms are stopped. The re
msinder Of the looms run four days 10 the week TIL
agent Of the Lincoln mill has given the operative
aotice that they intend to stop next Saturday. Tn
Wooden mil now runs four and half days in tn
week.
EXPORTS ny CANAL AT BUFFALO.
STATEMENT saotcia9 re sApneats GrGia aEd FkoEr from
Bsgaio BY CdAak cad P0Ats az DesttaaOa, daring a.