New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-11-03

to-day were met as promptly, probably, as could be
expected under the circu instances Of the times. The
new defaults we hear of are on the bonds Of the City
OF Milwaukee, Issued 10 the Milwaukee and Horizon
and Milwaukee end Mississippi Railroads, and the
fret mortgage bonds of the Milwaukee and La Crosse
ard Milwaukee and Horizon Road. The Ere Road
commenced paying the coupons on their frat mortgage
bonds but ran out of funds and put some holders on
until tomorrow. The holders of coupons on the
first mortgage Southern Michigan Railroad bonds were
referred for their money to the office at Toledo. 1t
thought tie Milwaukee and Ls Crosse and Milwaukee
and Horizon coupons will be paid within thirty or sixty
days. Some other defaults took place. but they were
not casee.
The notes of the Woodstock W. Bank are thrown
out at the Metropolitan Bank this morning. The notes
of the Morris County (N j. Bank are no longer re-
deemed by Carpenter & Vermilyea.
The inquiry for bullion is quite limited to-day, and
the rates are ia3 cent premium. Some Of the
brokers do not buy at any premium Gold is now
moving enatically. We hear Of nothing engaged for
the Boston steamer of Wednesday, but the Persia
will probably take back a large portion Of the gold
which arrived by her, while the Vanderbilt and the
Cunsrd beat will in the meantime bring to us large
amount. The Vanderbilt, we hear, has as much on
board as could be injured. The Quaker City which
arrived from Havana to-day, brought $l73,OO0;
and the Granada which sailed for ew.Orleans,
took out $3.50 coo. A considerable portion Of this
gold goes out for the purchase OF sterling bile,
which were selling at 10 y cent discount to par.
The Quaker City reports the Star Of the West as
having on board 81 ,6O0 900 for New-Yofk and
$500 900 for England but this is evidently an eIag.
geratiop, as the Golden Age is reported to have had
only 81 ,56O,OOO to Panama, and gold intended for
England does not come to NewYork, but is forwarded
from Aepinu oil by the British West India steamers.
The interest on the bonds Of the Indianapolis and
Cincinnati Rsilroad Company will be paid at the
American Exchange Bank.
Another meeting OF the stockholders Of the Erie
Railroad Company will be held at the Mercantile
Library on Wednesday evening, Nov. H. at o'clock.
The transactions of the Clearing House were
$12. 1913, 763 which shows an increased business.
The latest New. Orleans dates are Of October 81.
The Cotton market was irregular with sales for the
week of Is 900 bales at 81 alOc for mddliogs The
receipts for the week were 81 900 bales. Fregds to
Liverpool 3D. and sterling bills 90. The Money mar
ket shows scarcely symptom Of relief and the banks
steadily refuse to expand their loans. The result is
that many extensions of paper daily taking place,
ard but for this accommodation pretty heavy list OF
failures would be announced. The movement of Cot
ton is very restricted The planters Of the South very
generally decline to sell their cotton at present rates,
preferring to keep it on their plantations for higher
prices and let their debts to New Oreans factors and
elsewhere take care of themselves. This course will
react very upfavorsbly on houses in NewYork con-
nected with the Southern trade and place them in the
same embarrassed condition as the failure of the West
to meet it's obligations here has placed the houses con-
nected with that trade.
Mr. Eroch Train, of the well known Boston ship
ping house of Enoch Train & Co., is about to estab
sh himself in this city and put on line Of packets
| between New. York and Liverpool
In the United States Circuit Court OF Indiana, last
week Judge Mclean delivered decision upon mo-
ti,n to appoint receiver for the New-Albapy and
Salem Railroad, at which The Louisville Journal
| furnishes the following notice:
The Judge decided: First, that receiver need not
| be appointed simply because there default in
the payment OF interest upon the bonds Of the Com
pany The Law abhors a forfeiture, and would never
enforce one Secondly, the fact that the Company
had paid all the ret earnings lsaving the usual sur
pus 10 liqudate Its floating debt, did not Justify the
Court in holding that this missppcstion of the
esuings for il that debt contracted to finish the
read or 70 relay the track then il was beneficial 10 the
bondholders aud all concerned Thirdly, that the
Court would not take the road out Of the hands of the
present Managers for it apparent that they hsi
managed the road with fidelity and integrity. The
net earnings of the road should be applied in equal
proportions to the payment Of the floating debt and
the Interest upon bonds
The marine losses for ten months Of the present year
have beeD