New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-10-07

usyusr.s 90 the overdue mortgage coupons In Nd
yember. The May coupon Of the frat mortgage mas
precedence.
Messrs. Rayncr & Blackwell have sold lots norta
side of NnetysIih street, 100 feet east OF Fourth
avenue being full lJts size, a. $50 per To-; Ninety
sixth street s 100 fee. WIDE Also, lot north side OF
For,y-seeoud street g. feet east of Brosi~sy, 2oxioo
fee, inch for g. Go0-to be improved upon also,
LOT north sd. Of hundred rsutysecond street.
3l0feet vest Of Seventh avenue, full 10 size Tor s'
Also house sul 10. north eide of 1th street
100 feet east of Third avenue 2oI5o lot ~ - story
brick stone ard tenement, rented for 500 year ior
a, 500 We report the sale Of the entire block Oh
land 10 lots, between Fourth and Fifth avenues,
One hundred .ud.se and One hunfreda'd-eightn
streets Fifth avenue lots from. the Central Park-soe
entire block sold for $40 600.
Tie business of the CleNin G. House Is %, s91 600.
The interest on the stocks Of the City OF NeS'iork,
due on the let Of November viii be paid on that day
al The Shoe and Leather Bank by A. V. Stout, esq,
City Chamberlain. The books will close on tue I'm
irst but for the accommodation Of the pnohc tr,ns-
fers will be permitted in the interim 10 take effect on
the Let Of November, the time of opening The
shipment Of bullion Saturday, it is supposed, Will
be sbou. 5000 COO or 800 600. The Flremens Insur
ance Company have declared dividend of 10 per
cent, payable Oct II. There lie more activity to-day
in money bx. the supply is abundant at 6a7 per ceo
or demand.
Sirce the expression Of our views early 10 Septen-
her, touching the business and prospects Of the West
EN- railways durirg the present Autumn sud the Win
ter following traffic returns have been received for
the month or good portion of it. and the accuracy OF
those views has been fully Confirmed, as far as We
have advanced in the season. Our anticipations were
ha. in III crop movement the roads west and south
Of Chicago and Milwaukee which carry freight to the
lake ports for water transportation TO the sesooaru
would chow fair increase ct business over the very
door earnings Of the Autumn of 1888, while on the
roads east Of Chicago such the Michigan Central,
Michigan Southern, Toledo &c, there was bu. little
nrospeet Of an increase The doubts which many
/ entertained upon this question have no doubt
been partially removed by the resu Is furnished
| Nv the business Of September. In this we 90
! serve q Moderate gain in the earnings OF the
Gslena Rock leland and Illinois Genital Roads, while
in the business Of the Michigan Central, Michigan
| Southern. and Toledo there has been an actual de
/ crease as compared with 1853 The Distribution Of
business may charge somewhat at the close OF navi'
CATION especially If our cereal products advance sui
centy in value TO warrant the expense OF Transports
ticn to the teaboard by rail- but until that time 1t IS
| likely to continue much the same Coming TO an
analysis OF the increased business, we find in almost
every instance, the gain is 10 freight, WHILE at the
| same time the passenger traffic has fallen on Inc
| only exceptions are the weeks during which FARE
were held at Fresport and Chicago during which, on
some of the roads, there was small increase 1t Is
notorious that during the year 1888 expenses on many
of our roads were reduced simply by drawing from the
stock of fuel and materials on hand, without
lu GOD IN nrAnf a
which we have but to refer to the annual reports
the va,ous companies and it is doubtless the fact tina
repairs. both of track and equipment, have been post
poIed as much as they could be, taking safety o
transport into accouot. With increased business
therefore We draw the inference that there must bt
an increase Of expenses in quite as large ratio a
the increase Of business mostly derived from freight
earnings, and hence we Doubt very much if the net
results Of the Autumn Of 1859 can chow any msteria
| Improvement over those of 1853. Under such cir
| cunstancee, allowing that our Western roads
have passed through their hardest times there is a
strong probability at so far as profits are concerned
we are Lot TO reap any substantial advantages over
the business of 1853. We come back, then, to the
inevitable conclusion that in the heat OF speculation
there has beer degree of exaggeraton in regard to
the near prospects Of railway whi,b, however
useful il may be to the moving spirits OF rising
| stock market gives an erroneous impression TO the
public, and leads to expectations and hopes which
must be disappointed.
The New-York Clearing House commenced bust
ness Oct 1853; that at Boston, April 1858; and at
Philadelphia March - 1853. The Exchanges for the
past fiscal year OF the three cities were as follows:
Year Total No. Of
City. ending Clesiins. Balance Banks
Bo.ton ......Msr 81, 1850. ln179510 ll9 8AWo 80
fbl,d,iahia Ear q 1859. G75S7s552 $4,000 -
The business done at the Ne~-YorB Clearing II ouse
in Elk years, ending Oct |, 1859, has been, in Ex'
changes and Balances $50 522 5000. BY this sys
TEN this vast amount Of exchange is made with great
saving Of time, labor ard rick.
The commerce at this polt for September shows the
following RESULT:
IMPORTS NETWORK FOR SEPTEMBER.
1851. ISIS. 1859.
Dutiabe M,r haudiie 50 8i Sll8O ~ sll4704i0
Free keichaudsr...... l77z g5 l2S3,S9 l,Sl0bb
Specie and Buion..... 6O5,S5 i3,,2S5 l4,ooS
Withd'n I'm WsTrhse. 26S2Oi5 2yo,Oo3 Zss3,fil