New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-08-25

lire from Auburn to point on the East Pennsy-
vanis Road, which is under serious considsrati ,n
has had some effect upon the stock. The pro
jectors of the new enterprise claim that, by means
Of this link, connecting with the Dauphin
and Susquehanna Road at Auburn, much OF
the Coal tnnnsge will be diverted from the
Reading, and that the route will be Formidable
competitor aso for the travel to and from Newfork
ard the West. The Western shares generally
off about p cent but the business was not 20 large
as usual. The most serious decline was in Michigan
Central which, from Az and - yesterday afternoon,
went down to 49,, and closed rather heavy on the
csI. Southern Guaranteed was also lower, recover
ing to i and at this point it steady for the re-
mainder of the day. Galena fell of to col aud Rock
Island to 6iI but both stocks we're toleraby firm at
these quotations. Toledo was in very good demand
at a decline of cent, and had about as
much support as any Railway stock on the list,
although not especially active. Panama advanced
fraction, and Pacific Mail was very well sustained
at ISL but in both stocks the dealings limited.
Between the sessions the market held firmly at closing
prices of the First B,ard and in the afternoon there
was slight Improvement again, without much &C.
tvity. The trade In State Stocks was not large.
Missours and Tennessees were the only securities of
decline Of /, and the latter of /. The only .slwsy
Bonds dealt in to any extent were Michigan Southern
I'd Mortgage Bonds, which were sold down to 43 on
selers options marked decline from last quotations
The Erie issues were steady at yesterdays prices.
After the Board the market slightly better. The
closing figures we're for Missouri Is, 49, 0S2a Cum.
bersnd Coal Company, liIal4ii Nsw-York Central
Railroad, 73s 073i; Erie Railroad, 5e5l; Hudson
Do;ir "A PAIL mi
Reading Railroad, 4.04i,; Michigan Central Rail.
road 432 "A; Michigan Southern and Northern Iudi-
ana Railroad, 7a7I; Michigan Southern Guaranteed,
2lI 02ii; Panama Railroad, ll5s all5, Illinois Cen
trail Railroad, 6j865l; Galens anu Chicago Rail-
road, Cog e66l Cleveland and Toledo Rsroad, 90.
22s; Chicago and Rock Island Ralroad GIL
6fi; Illinois Central Bonds, SSoS9; Pacific Mail
Steamship Co., 7sia
There is not much doing in foreign bills and the
market is heavy. Bankers willing drawers Of
sterling at 10. The range Of quotations is lc9Gllo
The demand for remittance appears to be quite lin
tied. Francs are III 95.l5.
Freigbts 10 Liverpool: 900 bales Cotton at 7-32d
a d.. $50 bbls. Pork at Ia. 3D.. 900 bbls Rosin at
II. To Bremen: 10000 ID Whaebone at lc.; 50 tuns
Measurement Goods at Dos.
The business of the Sub Treasury was: Receipts,
5000 40 3J-for Customs $75, 900; Payments $780,
529 i2; Balance, $i,97s,7s3 Of.
The Receipts of the Morris Canal were:
Total TO Aug. IS, Iass.................eI62t n %
W.et ending Aug. ~ lae........ $500 0i-sl7l,3l u
W., ea as Az ~ t5, % ,us 80
Increase ....................,..s8,74 81
The receipts of the La Crosse Road in July were about
$4,000, which is but little than the workog
penses. The Western roads generally do not yet show
any gain On last year; but the traffic Of September
it is anticipated, will be very large. Notwithstand
ing the prospects Of low market for cereals it is be-
ieved that a sufficient quantity must come forward
from the great crop to give the roads large traffic.
The Panama Directors met to-day and confirmed
the action Of their Committee in the purchase Of the
Collins steamers. The Pacific Mail Company had
done the same thing some weeks since The ships
will be put into Company, called the North A.
antic Steamship Company, with capital OF 800
OoO. The Pansrs Company is stockholder to the
extent of 600 represented by the steamers Baltic
and Atlantic ard the Pacific Mail Company Is
stockhode for $500 0o0 represented by the steamer
Adriatic. The Directors of the new Company are:
Messrs VIM III. Aspinwall, w. Whteright, jr, Chas.
II. Russell, Henry Chauncey, j. t. Soutter, I'D.
Bartlett, and j. w. Raymond. The Company will bs
organized tomorrow, with the exception per-
bsps. Of the election of President MIR. Kay
mond, it is understood, is TO be the Manager.
The ships ooet 5000, 000 one half in cssh and one
half in Pscitc Mail stock. The cash payment is to
be made to-morrow. The fret steamer Will leave on
the 9Th October at which time the contract vito the
Ocean Mail Steamship Company expires. The Paeiflc
Mail stock, in payment of one half the Purchase,
having been bought below par, the actual cash cost
of the three ships is rot far from $50 OOO which Is
sad depreciation from their cost OF construction
Adratic alone having cost 81, 3OO,Oo 1t not yet
decided whether or not to send the Ad1atlc 70 the
Pacific In any case, the line will be one OF the best
furnished ocean routes in the world. The ships are
being thoroughly overhsuled and fitted for the traffic
in which they are to be engaged and will abundsatly
accommodate the immense freight and passenger
business between the Atlantic States and California
A meeting of bondholders of the La Crosse Road
will be called here in the early part Of September, to
con slider the plan Of the management for the CONSOLE
dation Of the different interests upon basis equal to
the capacity Of the road to pay interest and diTi'
den6s Tie programme H. in brief TO leave the First
Mortgage, bonds untouched TO make new Seeonf
Mortgage for - 300, eco, with which to redeem the
present Second Mortgage at 80 GEN. giving the re-
naming 80 p cent in stock Of the new Company, and
the Land Grants at IS Y cent, giving another -
cent in stock. The Second Mortgage on the L,nd
Grant Road, and the old stock, are to be ignored.
Some such arrangement is absolutely necessary TO
prevent the sale Of the Lsnd Grant Road under fore
clio. ure. An sgreement has been made with Mr..
Chamberlain by which, if the above reorganization
is carried out his claim viii be compromised, his lease
abandoned, and the road into possession Of the
new Conpsny. The general account Of the Company
uncer the new arrangement, will be about six and q
half millions.
There is al.o an attempt making to capitalize the
Cb;c.,o Alton and 81 I ouis on a ba,is NJ about