New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-09-23


yetr EO0 be, ESPoRrs-lncr.sse 20 Great Britain.
5000 ba decrease to France, iVco Total increase In az
The ANary Atlas says thai Orville w. Childs esq.
Yesterday resigned his pos-p Of Division Engineer vi
the Eastern Division Of the Canals, ami sailed for
Nicaragua in he Star Of the West-haying accepted
AL appointment ron the Nicaragua Transit Company
ut tLe liberal salary Of $4,000 beside his expenses.
A loan OF $4,000 for the City Of Detroit Water
Work. has recently been negotiated at par.
An application has been made for the appointment
OF & Receiver for the Maconb County tsIch.l Bank.
The Washington star OF 2lst ssys OF the suspension
of Chubb & Co:
After The Star went to press yesterday. the we'll
known firm Of Chubb s Co. in this city Suspended
payment We apprehend that the cause of this Dis
aster may be traced TO their successful exertions 10
stem the general financial storm of last year when
their house the depository VI from ten to twenty
tnes hs much ot the money ofOnr ellowczcIs OF the
District # Columbia ar at present. For SIX mouths
past they have for the moe, part declined deposits
which accounts for the fact that their liabilities for
the deposits 0: Individuals IN the District Of Columbls
are not more than between $l5G coo and $4,000.
We are informed that they expect 10 arrange for the
settlement Of that Indebtedness promptly tha M
assignment their part will be called tor or Needed
They vii continue their commission business, We
hear, usua.
We sincerely trust that this favorable representa-
ton concerning the state Of their Affairs in this quar-
ter may prove to the letter. for they deserve IN
fri'. credit for the IN which last year they
made sacrifices 10 pay every demand on them, when
others in similar buspess were falling around them,
and when failure On their part would have injured
this community perhaps to the extent OF $Do,VOo.
OF then local unsecured indebtedness, not more than
81 600 II j. eeid 10 busine-s vi the District ot
Columbia.
TIE Bost0n Poa, in its money article, remarks:
There il absolutely nothing IN money mat
ters Very prime paper is taken a, as low rates -
ever say cent. For call loans there ~ ess di-po-
ston 10 accept Of extremely low rates The market,
upon the whole, is shade less dull than II was lew
weeks ago, and abundant a. money Is, both IN the
banks and State street there less pressure Of arg,
suuls upon borrowers.
Tie share market is q very limited one a! pre.ent
with considerable strength but little activity. IL IL
Understood that the business Of the railways I'M
proving somewhat. Most vi the banks Will probaoiy
sustain their accustomed dividends, although the nan
years earnings, with many Of them, are lesr teaii
usual. Manufacturing shares are heid st iInproYing
fgur,s but there Is strong liking Tor them az any
price. The probabilities, however, are greatly ia
favor Of the various companies dong fne business
sor years t. As 10 Land shares therf are
constant lids Tor Cary aud OCCASIONALLY "t "
East Bo-ton' is pat upon the street. The pro. OF
neither besrs any OF relation TO the intrinsic or
even market value Of the property repi scented we
-hould be wiling 70 wager that share of either Is
worth more, and viii nghteousiy yl-d more, thah
share Of ,.yera of the distant raloeds more OF ess
fashionable in this market, and upheld by public nha-
.uce As to msIsg, uien the advantage Is altogether
on tie eide OF our land stocks. Nobody can run ~
With the lands; and ss they owe nothing and neel
notoing there il DO chance Of their issuing bends
at rs 70 pay debts atoo 10 say nothing OF large di'
deli<,
In copper shares the bulls and bears are principally
devotiu x themselves to Pewabic and Rockand: The
former advanced little at the close Of tbs week rom
lhs demand VI the shorts, temporary scarcity ..
-tock and the idea Of somebody that the shares "e
really cheap. Tie b.srs admit the nine TO De WI"
derul one, bu, they say it will fall short OF ~ '',a'
this year-that its expenditures are and mus, oe
ce-ssriy heavy for some time-snd thss oy nsA.
Spring, hurdepsOns debt viii be create0, !squ n,hs
large s-ar.s for their liquidation IN 'ns o Vsn'
hand, TIE bulls aver that the mine will yield ~ tans,
and win fully pay al debts and current o,.
tho enorous product OF 1889 estimated ~ o 'uh' 'a
The ground II tho success oi Bal mecu'ny % ~,
A. 70 Rockleud, the discovery Of ms'' ~"! en'eA