New-York daily tribune., 1859-05-25
from PHIL .tDELPHIf.
How THE WAR AFFECTS US-WO,1N AND Fac
SENGfR RtiLw,ls-THC REy0Lu TloN Is
MARhETS-RiILROiD lrEIs-Plsliop OF
NEw-JERsEY,

M,RkErs-R,LRoAD IrIIs-PlsBop OF
NEw-JERsEY,
Frog o., O~u CofresrorGerA
rnIL,prirHI,. May -. 1859.
The roll Of drums from antagonstic armies in
Italy has been heard above the clamor Of our Stock
Board, and with anything but cheering effect.
Stocks of all kinds have sunk under il depressing
influence. Even our city loans, which have never
been the sport of bulls and bears, and which have
uniformly maintained themselves above par, have
now gone down TO that point. pennsylyania Rail
road also. even with receipts exceeding those of
last year. has experienced great decline, which
cannot he wholly attributed TO the warfare of the
roads 80 much as the warfare abroad. Al the fan
cies have become comparatively stagnant, and peo-
pie are waiting for the next steamer 10 bring them
n solution TO the incomprchensble attitude OF some
of the beligerents. II it should fail to do so, they
will be content to wait for the next, such
is the wretched condition of dependence
on the Old World TO which the misgOy-
ernment of the New has reduced US. The
bsnks are reducing their loans. and private bankers
are increasing their rates. Three millions OF coin
shipped Off in a single day with an unidentified
mportaton of foreign luXuries, and fair prospect
of continuance, have staggered the confidence of
all parties in the continued ease IN money matters.
These symptoms have been aggravated by most ex-
traOrdinary vibrations in the prices ot breadstuits,
by which some parties here have suffered enormous
losses Speculation has run so wild that not bar
rel of flour can be exported with profit Indeed, for
eign wheat in this city IN large quantities, on
which the imp )rters have realized a large profit.
1t has not been imported as seed, az some OF the
newspapers have stated. but for ordinary milling
purposes There are other carg0es now on the
way TO this port which also will, no doubt, find
profitable market No facts show more conclusiyely
the reckless0ess of the recent speculative move
meDt in breadstufs here and at the West. There,
The price was immediately run up above THAI ruling
in New York; and there, also, it went up beyond
the market rate in Liverpool. The foreign outlet,
relied on by the war news, was thus eoectua0y
closed up BY speculative greed and, these facts
having become apparent, d reaction has set 10 Sc
we're enough to require a good deal OF financial
sklll to escape from Its unucky consequences
! Yet il seems impossible for this community to
exist without some form of rampant speculation.
! While one class went crazy alter grain snd Hour,
/ another continues on the subject Ot passenger
railways. The fiIror to build these, which pre-
! dicted Year ago, when the fret one was under
! contract, equals anything ever seen among US.
One OF the most irightful struggles OF excited men
was witnessed fortnight ago, when the stock of
/ the last road was thrown open for subscription.
I The contest amounted TO riot, 80 eager was the
desire to obtain stock. This condition OF things il
! not 70 be- wondered at as all the reads now In
operation are yielding immense profits. Some OF
the stscks 200 to 800 per cent above par, and
/ not TO be obtained even at that The fret road
went into operation some sixteen months ago, and
row, So great has been the Juror TO multiply them
that eight or nine are in full blast running 80 ears
ard ] 600 horses, and employing 900 men as
/ agents drivers ard conductors. Their whole length
! il 20 miles But il is probable the system will not
he completed among us until these figures have
| been doubled The main thoroughfares having
been occupied, those leadng 10 the numerous sub
, urban villages will next be appropriated and We
may then look for q revival of extensive specula-
ton ia outlos, such as were witnessed here few
years ago. Ii may be doubted whether the health
of our women is likely to be promoted by the IN
PRODUCTION OF the luxurious cars in use on these
road. Females 80 generally prefer them to walk
! iug even on our beautiful payements, that that
wholesome exercise bids fair 10 be largely aban-
dOned. Fashionable women always stunned the
omnibus snd men and huchsters were generally the
cole occupants. Bu, the ample passenger car gives
room sufficient for adjusting the widest crinone
without injury 10 its bewitching grscefuness.
Hence all the ride, and the audiences which
now thrODg these cOnveysuces are entirely different
from those who filled the OmDibuses two years ago.
Il
are likely to he no gamers OF il BY the now almost
universal practice Of riding.
Anot Ter great municipal revolution has been
suddenly insuguratei by the action Of tue city in
voting the removal Of the vast line of market sheds,
which, for more than century. has occupied the
center Of Market street, and the erection, oy
private companies, OF gigantic market houses At
numerous central points throughout the city.
When It was proposed 10 take away the sheds,
cry rose I'D demanding t. know where the butchers
and ycgetablr men were to be accommodated with
room. and predicting that the drest confusion
would follow their destruction. Men became eX-
cited az the bare prospect Of being unable TO
get their dinners, AID every form OF argument
WIS inyCkrd in favor Of retaining the sheds. But
no sooner had their removal been ordered by the
city, than private enterprises were organized to
supply Their places. Extensive sites were pur-
chased IN TIE densest neighb0rhoods, great cOlec-
tons Of oh AID rickett, buildings weTe demolished,
and magnificent market houses have been erected,
such ~ no city in the world can boast. No sooner
scrr tley ready for use, t.an the stalls were
eagerly taken az prices which make The enterprise
highly remuneratye. success So decided 10 one
case has stimulated the erection of others untli It
i. Row certain that our city will be ten times better
sccOmn. .odsted than ever. These market houses
are really magnificent structures, some OF them
ccltsinns zoo stalls, ftted up IN the nestest msnner
with especial reference 70 the convenience OF the
seller andthe comfort of the buyer. They are mod
els Of order ventilation and cleanliness. wedding
company might thread their mazes in pursuit of
the wedding dinner without receiving spot on the
bridal satn. The close fetor of the atmosphere
ever present in your Washington Market, Is un
known in any Of ours. The chronic greasiness OF
your stalls, the muddy slime of your pavement,
the dirt and the rats, are things We never see. We
remember them from bOyhOOd as the accOmpani.
ments Of the Old sheds, but we ReitbsS see, bear,