New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-07-30


Net expenditures on Western and North. Western
PosTAeE DIVISION.
Amount due other divisions, kc........... Sl0os5
WATERTowS DivIsIos
Capital stoch 80 :"
Float Ls d.ot less 1880 Il
Due other divisions, LliiHz
Total cost of wstertown Division of sS miles 2z755 81
In addition to tue pouded debt of the Norts-
Division, as given above, the Company have issued
niIhon Of bonds to the St. Croix and Lake Superior
Company in exchange for a million of the bonds 81
that Company. The Western Division aud North
western Division common for 6l miles west from
Portage, the present terminus of the Road. At I'll
miles from Port the Western Road DIVORCES 10 La
Crosse and the Northwestern to st. Crox. OF this
81 miles FIVE miles are completed, and $52,OOO have
been spent upon the grading bridging. &c. Esti-
mated cost Of completing this portion up to the iron,
$225.000. The work done on the Western Division is
$4,000. Estimated cost IT completing up the iron,
$6lOO00. Work cone on Portage Division, 3d. 900.
1t is believed that fortyfve miles Of the land grant
road be- completed before Winter. The engineers
of tie northwestern division fnd a favorable and
direct route with cay grades, and through valuable
prau,e and timber lands. The amount stated as
expended upon the and north western divisions
includes tie cost Of the rails for 81 miles from Portage
70 the point Of divergence Of the two divisions and for
the IS miles between tina. point aud La Crosse. rne
completion of the 81 miles of and grant road gives tue
Company 3U7, 200 acres of land, which estimated
In the report to be worth $4,000 800 $4 per
The amount needed to complete the roads La Crosse
Is $685. 900. There still on hand 67S of the land
graft bonds and these, with other assets, will be used
for the purpose OF raising the above amount. plan
is being matured for tn purpose
An extensive rolling. mill has been established at
Chicago with the object If remanufactaring for the
roads Of the vicinity the rails which have become too
much worn for The proprietor Is h. b. Ward, esq
The mill will probably eml 10y 800 workmen, aud will
have capacity enough for 500 men Que hundred tuns
of finished rails may be turned out every day. 1t is
anticipated that the consumption of stone coal will be
at least % 900 tuns per year. which, if imported from
Briar Hill ana Erie will cost s. per tuu, or $225 900
per annum.
In relation to the Money Market The Boston Post
says:
The backs do not gain much in specie, although for
few days past they have not lost any to Ne~-f"rk,
while some lew parcels have been received from the
staIt treasury. On Saturday morning tue exact
amount i'll State street was g., 969, DO Money is
worth = & cent in the street for the fav0cte
names, and what is called fir. class pager cannot
be quoted at less than To III, with more done AT III
than g. Prime business notes of less celebrity 10
~ ~ 4 cent and, speaking generally, We should say
money was worm from 10 IA II y cent Tor tie raa Of
iudorsed notes that usually taken at banks at
cent. The best brokers paying y e sent on CALL
aud the prce OF call loans to outsiders runs up ~ Is &
cent Abe banks are poor and are DOING litiie How
ever, there is strDgeLc, anywhere on good paoor
while il very bard TO effect sales ON second class
notes, or loans on stock cOliatersls.
The London Times, in alludug to the Money mar
,ket Of tue previous day tine litn) says:
The tone of the debates last night the Indian quss
ton aud the announcement Vt the lzrge increase in
the number Of troops TO be sent out caused the fuuds
to opeu this morning with mucn neas,ness, and to re-
main throughout the Gay without recovery. COnsols
for money which left OFT yesterday at 92t We're quoted
elI to 81. For the account alternately ouy
ers and sellers at 924, aud 92s, was tue final price
The transactions extensive but those the part OF
pubic chiefly consisted Of purchases white tue disgOst1n
81 Toe s s s.s.c pre-. New Three r c
india stock 2S to 25 India Bond. nevy owing TO
extremely large at u s. discount
E1snssas bill; ws,s steady At rs desSH. to PSI, On
seouss stl ranged between aud 81 b cent in the dis
sSs SsS there W.. az sTe demand ana even at the Bank the
s s mere .as S s
squeuts Of the ud arms the orders in
haLd also contributed 70 increase the movement
The recent large gold Ansrras strength
eDed the exvecation OF reduction of cent III the rate OF
Discount Thursday. Theie still believed however 10 be
Hesitation the point ~heh will PerhsP oe augmented
BY th Iuds4 the revived demand winch has sprung up
and the rather tm sppeaf&cce oil the Au9er
lean and CoReiSentsl exchanges.
Ae.heo To- Sei. viii eSn.ss ~ iaatGy aud
s, companies Of foo, artillery aud thai tue whole will BE- sea-
none, transactions In foreign securities have again been
but SCARCELY speculative purchases have taken
place The skt important ssration kou yester
days pricos .
Although of danger has hesn espeed at Calcutta,
BE- long before business we0id revive 10 was
still completely a, stand and failures ses besnans 70 occur
The subscribed 70 the nv ser cent
loan VI IS wv had been about 32OV aud very isg sP-
plcsons coming Ii seen mat the penes
the WILL uader any circumstance be very
great especially the Insurgents had got Posseson OF t7vcO
nearly the whole Ut winch was 0b
tanned IL Delhi - 80
The Of Silver be sent by the Indus the 9Th WI
be than anticipated previously to the receipt OF the
letters BY Ia. present mail IL likely be than
850@e aud may pobsbiy be more.
The iwes notices sales the lith lust. of Illinois
Central shares at 1874; Michigan Central Bonds at
81 anu New.York Central sh ares at 49, 1t quotes
follows:
Illinois cent 1876 4G IS
IInoS y cent Fneeland, 1862 0lg}
Illinois 4, cent fseland, $50 pad........prem $50 -
Central y aga VI
Central q cent 1868 Observation-Disclosures. s9G 81
kicLigAp Central a. eent 1909 sterling DOtB
Central d 10 d.. 1SO 80