New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-02-26


f; s% S s,,.A,: s :
From Transpor,s,ion Of MA.s 73sIs q
From 30 =
$ 20 p, g {;
Trnsros;oL E1peIses ISL e e. Tor Il months lSfS 20
F,rni-s. over .n.por..son Erpeu-e. IS 81
Prom this amount there has been charged ~ Income
account ior Interest funded and floating debt $3.50, -
and isxes i'S
Ne, tUs,SSp IL
This sum il equal 10 about q cent on the capital
stock but the whole net inconse has been applied IN
construction. The freight earnings Of the road for
eleven months Of the above period were greatly les
sened by the competition OF the Ohio River. Its
damaging effect is shown by this comparison; For
six months from August |. 1856, 10 February lS9|,
during which the Ohio was closed at Pittsburgh, the
freight earnings OF the road exceeded those from pas
sepeers $50 go "a while for the eleven months from
February 1857, to January 1853, dunng when the
Ohio was nayigable most OF the time Tor hrst-esss
boats the passenger earnings of the road e1ceeded
those from freghts 1910 04S 81. Until the line IS COM
nleted ~ Chicaco 40 as 10 command its share OF the
northwest trade. is freight traffic must suffer grea
fluctuations from the Ohio River competition.
In completing the bridge connection with the Penn
sylvania Railroad at Pittsburgh in the purchase OF
large additional equipment, and in extensive improve
proyemepts in the road and IFS structures from Pitts
burgh to Plymouth which were essential to efhcient
operation as well in The progress OF he work on the
s. miles of unfinished road between plymouth ani
Chicago construction expenditures have been MADE
during the above seventeen months to the amount OF
g. 800 40 OF this amount, siis lSS 81 Is for ne"
equipments among which twenty-five engines
Of the first class. The construction expenses have
been apportoned on the two divisions Of the road as
follows:
Eastern Division formerly Ohio and Pennsylyani,
Rsrosd from Pittsburgh TO Cre,ine ls7 miles a., AZ
(which includes large part OF The new equipment $sSs %
mEs..,.....,.,...... 1852 a
including the cost Of new engne-house and machine
shops at Fort Wayne, and 1000 tuns Of rails now on
hand.
The condition of the unfinished work and the ar
rangemens for its completion are such as to warrant
the expectation of the opening of the whole line TO
Chicago in September or Ocobern The heavy con-
struction expenditures of this Company incurred oyts
Directors under the conviction of the Importance OF
opening the road to Chicago at the earliest day posi-
bic. aud in the sanguine anticipaton-which, owing
TO the late financial crisis was not realized-of large
sales of Construction Mortgage Bonds, during the past
year, has necessarily embarrassed the Companys
finances. II has over 5000 600 of these bonds
unsod, the mortgage for which covers the whole ROAD,
OF i65 miles from Pittsburgh to Chicago. The sale OF
these securities would at once relieve the Company
from it's floating debt, and effect the opening OF the
road to Chicago during this season. and consequent
largely increased traffic.
The ColumJus ,Ohio) Jouraa, supposes that the
circulating notes of the Canal Bank of Cleveland are
those which were ordered to be burned but were not
20 disposed OF the tme but put in circulation by the
parties then having control of the Treasury. Many
ha+ tha hot If
frauds is not yet touched
The New Orleans PicayvRe Of the 18th says:
"In money and paper not a transaction occurred
worth be- Htes The bank movements were largely
abundant resources, and granted almost everything
that is called for on 60 and 80 days paper.
Exchange, particularly foreign, which has been
yacillating for days. received severe check to-
ay. Rates of Sterling declined from a ! y cent
what are termed fancy signatures receded to lO9,
though the banks held at higher figures.
Francs were only in moderate request, and though
the supply is greatly reduced, there was correspond
Ing dropping in rates. We quote on Paris direct at
J2J 81 20--Other grades from Jf30 JfS1a J. North
m Sight and Short Sight funds had more steadness
The rate over the counter for checks on New-York
was par Sight drafts were taken at Ia! discount,
ard a medium signature at &. Five days, a J; ten
days Sight, a discount; thirty days Sight, Il all
discount. Sixty days Sight took broad range-l a
y cent discount for choice signatures y q and q
discount for good and other grades The supply above
the demand
At Baltimore business s still very dull but slightly
improving. Money easy at SOLO y cent on frst-class
Names At Philadelphia street rates are Sal p cent,
and paper in demand.
The National InteHigcHctr says:
The La Crosse and Milwaukee Railroad Company
is under examination by the Legislature OF WIS,
consp for charges of bribery and corruption toward
certain members of the Wisconsin Legislature to prO-
cure land grants during the sessions OF the past two
years. Mr.. Byron KibOurn, the former President OF
a. .oI Nau1 auf E.r
contempt in refusing to answer certain questions that
were put to him by the Legislative Committee. The
Only Wisconsin says that Stephen Clark, the new
President assisted by the Albany Directors, is doing
all that man can TO carry through the Road and TO
revive the value OF the stock"
Mnrkets...C CAREFULLY REPEATED ros TIE N. Y TssuyE
ASHEs-The demand for both kinds /. light and prices sre
hnn At the close isles of "a bbl' at 81 6as6 la tor Pots
BEEsWAxi. in better request for export and, with very
southern Yellow at &c. and lso do prime Western o9c
CorToN-rhe market is steady. with sale. Of 5000 Ja.c. at
our annexed quotations:
't tp:85 | Fssd. HsS,. NO. aud r,
E# $$:::II5:. i. 4:
day sales Of 800 bags Rio at oqc and 600 bags Jamaica
cANDLEs In Adsmsntine notice Of 100 5oAe.
eqs1 20 70 sc mo- Nv Other kinds have not ysried
FLU IL AND MEAiS-Ine inquiry Tor Wesern lanai flour
moderate confined mainly TO the home and Eastern trste
tbere limited business. doing the low grades Of Ohio extras
shipment but other kinds unstable for choice
brands comparatively firm and in steady request;
b,ani. offered freely and e lOwer the $50
Bits al ~ 5USi " Tor 10 good Ss.e 81 asa 81 90
Tor extra Do 81 asa 81 IS for pRe Indiana and Michigan
81 f IS for do. - sjG for good
ndh-oP Ohio; - o5a 20 - for good 20 choice DO IS iOa
- Geneses and s.; Louis brands Canadian Flour
unsy lower; the supply still limited Of superne extras
wei. STAINED the sales So bbs 20 for uperae
sui 81 500 - - for brands Southern Flour Is ess
sv but prices unchanged the demand confined the
tier grades thee not plenty ass Of $40 bbs 81 75d