New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-08-16
Deolease......... folo,soI Pio<i<So eSio,n~
leading banker at St. Joseph, Missouri, writes -
follows TO his correspondent in this city, in regard TO
90 ST. JOSEPH, Aug. 9, 1850.

Pixies Peak:
"Sr. JOSEPH, Aug. 9, 1860.
In reference to your inquiry about the product Of
gold from Pixies Peak, viii say from the informant IN
hat obtain from gentlemen who have been at tne
mines of the most undoubted verscy, and from other
sources, confident Of the richness OF the quartz
bearing rock and other gold deposits which spread
the mountains for hundreds Of miles as AN that nil
lions of treasure deposit in Wall street. though
| have not personal knowledge of either fact
Advices received from Chicago announce the settle
ment of the long pending competition between the
Galena and the Racine and Mississippi slrosds Both
roads have agreed upon remuneravs rates of fare aud
freight to remain in force during the Fall season. I'm
portant arrangements it is understood, will shortly be
followed by "a new bargain between the Galeua and
the Illinois Central by which the former road will
sumo the business of the Illinois Central between Free
port and Chicago.
A convention of representatives of the Ohio g. Mls-
sissippi, Terre Haute, Alton & St. Louis Chicago g.
Alton, Wabash Valley Illinois Central and Michigan
Central Railroads, was held at St. Louis on Thu sday
last fix rates and to endeavor check the rulous
competition through freights to the East which has
been going on among the St. Louis Railroads and their
connections for some months past. After fall and
free consultation it agreed that hencefoi St. Louis
roads shsl protect themselves against ruinousy low
rates from the East by refusing prorate their pro-
portion Of the through rate and further 10 insist
arbitrary rate from points. Notice that eff
feet viii be given to all Eastern connections COM
mittee appointed revise rates. who reported the
schedule for NewYork and Boston, all rail freighs ~
follows:
';f'i e + + s 81: ~; ~,
The rates to other cities were to have been fixed on
Friday. They will correspond to the above.
The advces from the South in relation to cttou ARC
rather favorable there having been heavy rains in
some of the cotton districts. The drouth however.
has been prOtrscted and severe that it is unlikely
that the recent rains do the plant much good Mr.
Wrights Circular says:
The real obstacle good crop heavy and continuous rain
being too late cotton TO m.s- from tn. econl
growth Of the plant induced by the rais Of last week Pub
NEW CoTToNThere have been received two bale for
Dc Cha lesion about h OF August nearly four weeks earlier
than last At Memphis two bales had been received from
Arkansas River the 9Th Of August The total at New Od-ans
up the afternoon Of the 18th 10 400 bales sgN1
it8 bales time last year and at Mobile 2o bales against
bales last The amount 10 be received prior h Septem
Der which will be counted into the crop Of last year. yousy
sstimsteda from rs coo 20 400 bales
at the ports the week under review amount
900 bales including 5000 bales for corrections at New Orleans
upon taking stock.
The following is a statement of the movement in
Cotton since Sept. last compared with the previous
our years.
1850. 1853 1883. 1887. 1856.
Reefs at Pt....4l6l0co 3es go 1908 90 esotc0 1855