New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-01-14

The East River Savings Bank has declared its ususa
dividend, payable 18th inst. The Irving Savings
Institution has also declared its usual dividend, pSt.
able 18th inst.
The Arctic Fire Insurance Company has declared o
scmannual dividend of y cent. payable on the i1th
inst.
The Continental Insurance Company has declared
q dividend of = cent, payable on the 18th iust
The business of the Clearing House $l3, 5o5 500.
The failure of the Cleveland gainesville aud Ashta-
bua RosJ TO meet the interest on the bonds issued u
the Sunbury and Erie Road is thus explained by tho
CltrclaRd HcrGH:
"By a contract between the Cleveland, Paines.
Vile aud Ashtabula Company and the Snno9ry enn
E,;a Comnsnv the latter were provide for the pay
mept of the interest above bonds, sem -annuahys
eyceptng ! of y cent. which the Cleveland.
Panesye ard Ashtabula COMPANY ws.s 70 a'S ar
land, gainesville and Ashtabus Company that tho
former would not be able TO meet the coupons due
January l. and the letter referred to COMMITTEES
of the Board Of Directors of the Cleveland, Panes
VILE and Ashtabua Company, which Committee ad-
vised that the cent only be forwarded to the Sum
bury and Erie Company. in accordance with the coa-
tract; and then, if the Sunbury and Erie Company
allowed the coupons to be protested, the Cleveland.
Painesyille and Ashtabula Company could pay them
afterward-such course being deemed necessary, in
oder to protect the Cleveland, gainesville and Ashta-
bua Company under their contract with the Sunbury
and Erie Company. Accordingly, the f25O0-beng
! Of y cent-was forwarded by the Cleveland,
Painesville and Ashtsbua Company as per contract,
nd the balance % y cent was also sent on to Phils
delphiu ard placed in special deposit to await this
adjustment Of the question between the two Com
panles An agent for the bondhoders has been on To
Ibis city, the matter arranged and the fund in special
deposit ordered TO be paid over
The market for Cotton continues TO improve, and
holders generally ak Zoe. for Midling advance Of
lie. y h on the lowest point touched. The CIR
ulsr of VIM. p. Wright per the Niagara, says;
Ciop esn continue b. reduced the South snd vcsp
idea re,ss that the to'a will fall below 5000 700 bsss
the estimates for the most part based upon ts
large and increasing deficit in receipts o. compared with Last ~
end tie year before.
Receipts a, the again below thu corresponding wk
last wear and the total deficit amounts 10 t5oo0 bsrs
Next further deficit viii DO apparent 81 we learn b t-
gsph from ORLEANS and Mobile 81 200 and IN 900 bses ~
tho c.ps Of last week against 81 900 and s
bale, for the week last Planters naturally enough
Object cell the heavy decline Ia all the souhsn
esong the cspedeDt 81 hoidus bso
supplies the hope e thereby setting better rates later 90
The rains in tie South too hsye made bad ss sud srs an
Guilty need Ia hauling cotton 10 the l.lnss snd drIa
which desne for the limited ananhy received
last week ~ sdIised BY telegraph. =,
TxposTs r III. under review are than wss erpcss
owing 10 IN the tsegsphe reports receyed last we~S
New Orleans Crest Britain lsDs
and sl,s, while from Mobile tue mi.tske isessx
nds /, nine n stead 81 none The increase t 0st Britain 10
Low reduced bales There decrease N the ansnsM
exror,ed France % 900 bale. and 10 other foreign pors
l2y look for heavier cearsnees<or Os
Is iisin "a well a. 10 France.
Tie fow Ing l. statement Of the movement In cotton snes