New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-01-20

AZ
Increase in Exchange '.'''''''' Scs "a
Increase In suoant due distant BAIks......'. -Oeto
There was rather more inquiry for foreign EAchahSs
bu. without the slightest turn in the rates.
The Imports at Philadelphia for the year ending
3lst December were SIS, 1884. The Exports were
= 500 SO agsin.t s35, 80 il the previous year.
meeting of the stockholders of the Pittsburgh and
steubenvie Railroad was held on the 18th inst, when
the following gentlemen were elected Directors; IL w.
Latham. Isaac Jones, Robert Wood NJ. b. Brown,
Wm. Philips, Jas. Schoonmaker Robert Mcknight,
y. Holmes, J. A. Wilson, X. Galway, Alexander M
Clintcck, WIN. Perkins and S. b. Cooper. We have
already given an abstract Of the rePcr. Of the Pres-
dent OF this road We now annex some statements
from the report of the Chief Ensireer, Mr.. I. Wright
He saye:
" All The unfinished work of the Road is under con-
tract inclnc ing the masonry OF the bridges over the
Ohio and MonCngahee rivers. The WORK on me east
EN- Ene is progressing rapidly as can Win pro-
pretty be required The force the various sec IONS
IL as large as can be sdvantageousy worked Two OF
tire piers Of the bridge the Ohio river at Seuoen
vile had been carried up 10 about eight feet above
low wafer marx The foundation pit of the sbdt nent
on the Virginia side. is nearly excavated and the hm-
Der for the foundation as well as the sVne required 70
build the work up 10 the surface of the gronnd are de-
vered and ready to be put down as soon as the exei
walton il dore. There is also very large ioce OIL
quarry n stone cutters and other aborers employed
in providing and preparing materials for carrying up
"
weather will PERMIT. AZ the Monongahela BRIDE the
work done besides providing materials is the eIcava-
ton fer the foundation of the east sbutment which Is
nearly comp leed, but is al present suspended waiting
the cor struction of suitable pumping machinery.
In all their operations the Lessees have thus Tar
evinced most prals,worthy disposition and detern-
nation TO have the work constructed in the most sub
stantal and pemane ut manner, so as 10 have H. when
finished, actually aud not merely nominaDy first
class road in all respects.
The rate at which the work has been and is pro-
gress;ng warrants the expectation that the road be-
tween the Monongahela and the Ohio rivers will be
entirely completed and ready for operation in July
next The bridges over the river, and the connection
with the road ct each end can and no doubt will be-
finished within the present year.
When the Pittsburgh and Steubenville Railroad is
finished, by means of the connection which will then
be made between the Pennsylvania Central and the
Ohio and Indiana railroads the distance between New
York and Cincinnati and ST. Louis will be msde about
40 miles lees than it Is by way of Buffalo and Cevo
lsnd and about 20 miles less than it Is by the shortest
line open by way Of Philadelphia and Pittsburgh.
The distance between Philadelphia, Baltimore Cincn-
natl and ST. Louis, sill also be lesseEed about 10 miles.
The saving of time and cCst which will result from this
reduction of distance cannot but exercise most pow
erfu influence in directing the of the vast move
ment of trade and travel between the great Atlantic
cities and the Ohio and Mississippi valleys.
But the prospects OF large local business sre re-
maIkably encouraging The termini OF our road are
the cities of Pittsburgh ard Steubenvle, and passes
through country of unsurpassed fertility and sauorl-
ty, hckly settled with an Industrious and prosperouA
population; O country Astounding In coal of the very
best quality which is cut by the line of our road AZ
elevation not far from grade throughout the greatest
part of s length and country, too, which ia marked
by this singular and significant feature that il has not
half mile Of unimproved or uDproducye ground be-
tween the mouth Of COrks Run, two miles below Pits
burgh, and the Ohio River, opposite Steubenye. The
local business of such country ought of Itself to Gus
tain our road.
But if we assume that the Pittsburgh and Steubsn.
vile Road-wi,h all the advantages which il has been
shown to possess for securing large through and local
trade will earn more per mile than now earned by
the Pennsylvania Central Road with the dsad vantage
of its existing detective and imperfect western
tons-it will then have sufficient net income TO
pay more than + cent on It's whole cost The gros,
earnings per mile of the Pennsylvania Road for the
last year ga 267. At the rate the earnings
Of the Pittsburgh and Steubenyille road A. miles long,
would amount 10 so 24
Deduc. ~ y cent for working expenses 1888
And there remain, net e.rnln, .sagS9s
which is efficient 10 pay r cent 81 900, 900 of
bonds and upward of y cent 81 800 900 of stock.
That this il moderate and fair estimate OF income
mus, be evident to all who have paid any attention to
tn business on similar lines of improvement"
The following is the report of the commerce Of
Chicago for 1856:
Rec epts Of Grain, in bushels 2i67is24
10 W neat b,7OIIbO
Flour equal to.................,.........l 6AoO5
Conn.,, ,e8S Sgo
2,N9BV
Barley I2si57-als74s ga
Shipped by Lake...,....................4 8&3Ol4
FoTs srded by Rail. Observation-Disclosures. 75123 -
Cons umed and on hand,,,,.,.... 3lOl, 97-2f674sf
Receipts Of GraIs Seeds 2s43212
Lumber In f0olsl55
Pork ia pounds. N75303l
HOr,, 10 humber. Il9 10
Butter 10 1868 $50