New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-02-09

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1890 Chicago ST. Paul and Fond du La r. r. s lot add Is
1900 City Of Scw-Oresns Bonds int. added..... 7ol
200 Watsrtorn and M.li.on Railroad Is. int, added =
shares Corn Exchange 81!
60 share. Commonwealth Bank s7t
IS shares Importers and Trsdcrs' Bans..'.....'.. sst
10 ,haT,. Bank OF Commerce.
10 shares Metropolitan Fire Insurance Conveniently
Il shares Arctic Fire lnsuran -
10 shares Wells, Fargo Co.'S Express Co...'.'.. -
The Metropolitan Certificates now amount to only
81 $751; 900, decrease of 1901 600 during the week.
The Metropolitan Bank is taking on deposit the bills
the Southern New-Jersey Banks at T. cent dis
count.
The Arabia brings adyices that the subscription list
to the Illinois Central loan in London after reaching
q $40 600 closed. The list is also closed here.
These subscriptions give the Company all the money
they need until July, when the remainder of the bonds
can be issued if the exigencies OF the Company re-
quire it,
Treasury Notes continue to be freely offered in the
street at la = cent. One of the City Banks took
100000 of the notes to-day in exchange for gold.
The London correspondent of TIE Commercial
Adrertiser says of the money market &C.;
" The course of the London money market has been
extraordinary; irst-cass bills can now be discounted
nj 81 or even T. cent. Nevertheless the Bank rate
is still kept at s. There general expectation OF
reduction Yesterday to = cent, but 1t VIII not take
place till next week. Meanwhile the influx OF gold Is
continuous and is not likely to be interrupted since
several large remittauces now due from Australia
Meetings of the creditors of houses that failed
during the crisis are still being held and in too many
the results far from credi.abe. Public feeling
however s now strongly aroused, and the practice OF
manufacturing accommodation bills il loudly de-
nounced in every quarter-a strong wish even being
expressed that it should be treated as felony:
IS Some of the principal firms, connected with the
Norwe gan trade which were brought down last
month have formed exceptions to the general eN-
amples. Sewell & Neck Rev, Prescott a Co., and
Albert Pelly IL Co., all of whom stopped for large
amounts, have shown in each case al ample surplus
and have received every mark of support and conf
dence from their creditors
"Suspensions have not altogether ceased nor
they likely to do so for some little time. Ii mas been
mentioned in advices that there were several
weak concerns which must be expected to give up.
Among the most recent instances has been Charles
Walton Sons shpowners, who have stopped with
regards assets. At Newcastle two old firms have sue
cumbed, Mathew Plummer & Co., and Charles Plum
mer Co., the latter connected with the flax trade.
The property in hand however, il alleged to be con-
,iderable."
At the January meeting Of the Directors Of the Bal
more and Ohio Railroad, special Rctrenchment
Committee was appointed, with power to prune the
ompanys pay rolls, with view to the fullest reduc-
ton possible without Gripping the service That Com
mittee have partially completed THEN important la6ors,
I'D have, upon consultation with the officers OF the
DAD, ordered the discharge of number Of employees
the various branches of the service, aud tie educ.
ton Of the pay OF others Beside these special acts,
general order is said to have been adopted deduct
ing 10 q cent from the pay of all officers and others
who receive regular annual salaries above $500.
THE 81. L0uts Democrat states a report that the
banks Of that city will resume specie payments on the
lst Of March,
At Cincinnati on the 9Th, The Gazette says the sup
ply of currency continued to increase, and the facilities
for discounting paper further improved to-day.
Parties having good paper to offer experienced no diff
Guilty in negotiating it, and for this class of borrowers
the market is easy at lOal2 per cent per annum
while other classes still find it difficult to obtain dis
counts.
At Philadelphia there is no alteration noticeable in
the Money market and capital is abundant outside the
banks at per cent per annum.
AT Baltimore, frsclass indorsed paper is selling at
Q p cent.
Tile PHILADELPHIA Ledger says:
We understand that the ong-pendng suit of the
Bank Of the United States against the Philadelphia,
Wilmington and Baltimore Railroad Company, in
which was claimed about sl35 O0O has been compro-
missed settled and discharged from the docket. The
settlement is considered highly advantageous to the
Company-removing, as it does, claim for very
large sum by the comparatively small payment of
about $4,000, at the same time dispensing cloud
which was regarded As threatening. The effect of
this settlement will, doubt, tend further to improve
the credit of this Copany-both the stock and shares
of which have been looking up for the last two or
three months
Tie Harljord Tine, of Saturday thus audes to
defalcation which Las been previously noticed in
paper:
who is reported 10 be defaulter to the Satuet
Warn Mil TO the amount of $4,000, was a Joint
owner of the mill with Austin Durham Of this
city and William l.. Jillison of Willimantic
NJ. fba hui of tha
cern. The goods manufactured by the Company
were sainet waIps, for which there was a good de-
mand as long as the price of cotton was low and the
concern then did good business. For three Yeas
past, however, owing 10 the rise in cotton the concern
has been losing money and Mr.. Cspen has aided il
from time TO time by furnishing main share Of the
capital. The mill, we believe, has fallen much be-
hind during the past six months, and IT is now said
that Capen has deaulted tO the amount Of 10 900.
Full particulars of this case are yet to be obtained
Tie LoreR Journal and Courier of Saturday learns
that part Of the works on the Boot Corporation are
to be put in operation to-day. This corporation has
usually employed about l, 100 hands. The mills
stopped on the 10th of October since which tine no
persons have been employed there except watchmen,
and few mechanics employed in repairing the old and
putting in some new machinery.
The following is translated extract from Decoppet
& Co.'S circular:
NEwYoKK Feb g. la8-Snce advces 4 the 2i inst
the ranks Philadelphia. and Baltimore have resumed specie
ymer This has taken paee without producing sensation
having be-, bruugh, about imperceptby The banks the
ned states ths are Cow paying p.ee are to o. me sas'
J rsey Delaware, Maryland aud Louisiana
We notice also with pleasure this week te resumption Of
cities that unable 10 resist the financial hurricane
of last Autumn.
ExcaI e continues active bit In less degree man last week.
The downward tendency state stocks and IN several Railroad
nile few Of tie latter, chiefly New YORK. Central Enc