New-York daily tribune., 1858-07-09

TIE propriety of charging tie dscouut on the late
ssue Of bonds 10 construction is shown IN the Ireas
ursrs report.
No sxpe u5iture on cons.r1c.ion account is recon-
II nded for the year, DOR IS Il believed thst any
of Importance will Ds required for ssversl years, the
equpmeLt sud facilities Of every description being
ample for a very lsr.e business.
A .obtrsct was entered into lsst season with tue
Michigan S,uthe,n Railroad Company, 10 take effect
Now 1857, by wish the through passenger business
is divided equally, and we divide equally With them all
the through freight business do over y cent,
and they divide tqusly si.h us all they do over AZ e
c.D'. We rad been doiog larger proportion Of the
through busiress than ths division gives 70 our Com
psny but IL not probsble il could De closed on
equitable tsrus with the hope that their through
business would become more prosperous, We conceded
the difference rather than continue the competition
existing before. This rect is to continue one yesr
from tire first Of last November unless revoked on
thirty DAYS notice by either party; under it mos. of
the outside expenditures are discontlnued. h,s
The transportation business upon the Lases ms
been 30 unprofable for the las. two years, ana tne
prospect for the prssent season being stl worse we
have laid up the Company Stean.rs S ana an; maze ar
this upon the North Shore Route, at their
rsk TO profit or loss. For freight and mgrants
tfese will ell the necessities Of the trade, s,d
the steamers will DO. be required again TIL change
for the better occurs in the Lske business.
The business Of all the Western States has bsen
very much depressed since last Autu mn but ther re-
sources are very great and their elemeote Of pros
peIity only be temporarily checked, soon ID re-
turn to their ususl chanrels of rapid growth and
substantial progress With the renewal OF business
% that region the earnings of our rosd vii! come up
sgsin, srd We have reason TO hope thst the expert
ences OF the past year have permanently done away
with many of the causes of ro able expenditure,
and will be the means OF pr,motny stricter accounta
bibty snd more conservative management Of this
species OF property, aud if so, the disasters Of ths
year msy result N permanent benefit TO the railroad
nvestmsLt, Of the country.
II is understood that the mauagers entertain no
doubt IF their ability TO pay dividend in January
ne1t. The floating deb. maturing before 1860 is
$lls,j7 %. The funded debt, s5O395O. The aggrs-
gate funded deb. s IS, 25i O63.
The Ahica brings unfavorable advices in regard to
American Stocks. Messrs. d. Bell Son & CO. report
as follows:
"Tbe msrkst for American securities continues
without animation, ard prices are without change.
In rarosd bonds end shsres there very little busi-
doirg. corsdersbs decline in the price Of
Illinois Central shares has taken place, in cenae-
quence of unexpected call upon them of $50 per
share"
They quote IlHois Central shares st 23a2l die
court Erie shares, 10 ali; and New-York Central
sh.rss, 76a7s.
Messrs. Bslicg Brothers & Co rema'k:
American socA. dull There sre buyers Of the United st.e
vim b e S5 Of er A soet 81 osEs f., s one2 soi
~h.u, s-n.nd -ois Genital Ralsose Shs,es have len 10
81 n asss se 'T i a .
SS1 S os. , g. a. al. H. d' I a S1 M 5a Ap .y s "e a
Tne Circular OF Mr Sgtier hwae says:
We have report dl make, fr Stocks Moa.y rather
more wanted. Console s.eaay ats.ai
sy The .edd'n on the 2!d ina: cal Of p
shs'e would b ede The efs w:s st st' an IN ae eri
us ards srf ply ,.obssos up inary ls59 TEE
50, .nh had beu ia, sbous e di. suddenly M 70 . ds
ou wah thsr- La been rsc'Sefy oi q y cent owieg 'se
fcr o.hel socks I'D Bonds th- rqsrke. IS a,t.