New-York daily tribune., 1859-07-07

.
re,al..................tTi sotlS sss 80 -
We learn from 1te Atbory Stotesrar taa, tss
.uils between the watsrtowu aed Rome Rsi resi
Company and tie Po,sdsm asd watertowu R~lrssA
Ccu.ps5y, AMI the Trustees Of toe 6rst mortgage
bord, ard otter parties relative TO the various Inase
tops c,a. ted sc. have been decided by Judge Mel
len in favor 4 the Trustees OF the first mortgage
bcpds
Tie Chicago Prsss Of Saturday says that the GfsnA
Trunk Railway viii corpete its connection at Detrst
with the Michigan Central Railroad ss early ~ Octs-
Der l.
In answer to our Newark correspondent, We have
to say that Rail~ay Co nay be sued Coz dsasgc..
fer injuries to persons or property" but whethx the
clamsnt viii recover or not, is another questioo. II
the case cf the misfortune orr friend calls It, of
the Michigan Southern Road, presume the Courts
will he more competent to decide whether or not the
accident beyond the control Of The company tasa
either cur correspondent or ourselves. The rosis
which have entered into competition with the Miosi-
CAP Central and Michigan Southern within Q yoa
paft. are the Fort Wayne and Chicago, and Dotooit
snd Milwaukee. The Gslcra has lost portios Of IL
Northwestern besiness by the cpening of the Mi
wsukee and Miss Fond du Lac ard Ia Crosse roads.
The "said" roads cannot very well show gaia, -
most Of them are new routes for throush business.
our correspondent really desires information on the
subject Of competing roads, we commend to hin
careful study ofthe forthcoming epcr Of the Michigan
Central road.
TIE ilbday St0ieSia IN says;
"Tbe Auoitor Yesterday ccmmenceStSe payment q
interest the Canal Commissioners dIssss. fais s
doue under the lsx OF last Water, which authorised
the payment Of ali interest accrued on the st day It
July The law requires that the original drafts ssau
be presented to the Auditor ng o 90 ra1sa.y sA.
amount of interest due the drafts presented s
$l6 000-sonething more than 40 average OF twelve
months although upon some interest has not boea
paid in eighteen mouths. As the drsfts are brought
n and the interest is paid they are stamped With ths
word registered on scroll, and with the worSe
Interest paid to Jolly l. 1859 shield. Esca a
these ps attested By the initials Of the Audites.
N. y. H.
Tie Pkiladclpiid Bulletin of last evening thas
notices the money market of that city:
"The pressure noted 10 the money market on Satur-
dsy consequence of three days notes falling due oa
that day has abated. There is but modera amount
of first class paper aoat the stree, aud ths rsages
from 10 per cent While oi suspended paper t1efe 10
still large amount the market. We regret to hear
of the suspension Of two dry goods houses. One OF
these was among the unfortunate houses which wer-
enguIphed in 1851 but obtained an extension"
/ Tse Boston Post says:
"Our bank specie has been reduced to less than Tvs
and half n ilons, while New York exchange rules
heavily against us. The specie may to di0inish
further but il il decline another half million, money
will inevitably be higher and tighter in STATE street.
whateye it may be IN the rect OF the world Tho res'
trictive law which compes each bank 10 stop dis
counting when s specie soks below ID per cent OF ~
circulation and deposits may come into practical oper-
alton before the lst Of September"
From TIE United States EcoBomisf
The activity of the gold shipment al the present mo-
ment makes the cost Of the transaction msttsr o.
some interest and il may be Illustrated by an actual
tran,misson OF Eagles to London for coinage, o. fol-
/ lows:
AMERICAS GOLD rsoN nw.YoKk TO LosDo.:
ES.s fh.sIsnes .D oa s'sSj Scec y > sOs %
se.. sssi.y =: ias and :ii:l ei.s;..::: Is
Of ,.o trs containing 900 eagles melted into
begs eqa'I s n % d"t s' standard q 80 seae':
1e dwt " a. at II, 3D. =. S@V
So
cH,RGEs AT LIyEEpooL.
Frfsh.. Ffsh.. p cent s''' at 4So''''''.'''I's
"l-'-' '"' ca.soss AT lo,ooS
Csrroge and Insurance to London at is.
y Elh on ASlto lto'''''.''s''''''''S% 10
s;7i.: s:ii:::.',.l::::':!: !: 'S' l::% %:i:'' {:
A.ssyirs s.............. 1ps
s0sssD D1
Adj in,eres. un.n maturity Of bills say so dsys
at ioi IS
a2o.iSs pp
Less commission on bill, ! p cent GacS52
Is. loi 70
Cash in London. 81
Which amount Drawn at 6O days sight, to produce the
above cost Of $l005l0 50, makes the exchange Ill
II-lO0 cent, or nearly llll cent. THIS was the
result the general shipper but the large houses en-
Joy advantages which enable them to supply the
ket with gold bills at the rates which leave loss -
outsiders There are 20 notifications to the above
return. When bars remitted at a discount tGe
result better and where the eagles sold at price
Of 1872 which we think was the late qaotaion, Q
slightly different result is arrived at. Tne English
Bank at times when the shipments become too active,
mas been known 10 reject the eagles which involved
their melting and loss TO the shipper, who predcated
biz movement q sale Of the eagles. Where com
missions and insurance not paid, the shipper has
great advantage over other houses who pay these
items
W.R. Wright s. Co.'S Cotton Circular for the Per-
sia has the following statement
Since circular u 18th U the Arabia with sdyices 10 isth
Jus ha arrived Owing the healthy state of trade sAs
manufacturing d.cs and the growing opinion thai tbe VA
the Liverpool Cotton maIket and with sales fr too week "a
baes pss.s closeo advance OF ID D. Mdduns
Eew-OTesns Mobile and UPsnds were quoted respeepyey
1916, sd N. On Monday the Vanderbilt adyised
prices COnso.s, 92s 19si
Ills up last Saturday sroooned % esoo
Pc FIiday morning Prices usoosy srdesst.
closed very firmly HE for ayersse lists Of Mddns Up
lands while running parcels Of Addns aud up~srd
manded money their relative scarcity the balk a
stained and dusty eotton Monday being the ssoos Aani
verssy, co-s holiday. Yesterday i.tls
but prices closed s.esdy qo0stona The total ass from
The 7th sted 1860 bales mainly Tor export
Britain the dorilg