New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1864-10-28

Gold opencd al ei5l rose 10 2ltl, and for some
hours vas quito steady at about this Tate. Tie
closing price was @l5l.
Stocks arc higher. with an increased amount o.
business in Railway Shares. Government Securi-
ties ere higher, and for The 5-2ns there was an
active inquiry at 1901, and tho prco refused for one
million. For Certificates, there was good basi-
ness az 9i5 a95. The sales Of Railway Bonds arc
small. Pacific Mail sold ct 325 ior small lot. i
larger amount would command higher figures
Reading was specially active, opening at l2s, and
selling a. high as 1874. II ia reported that each
dividend has been determined upon 10 the common
stock. Michigan Southern was also active, opening
at Ga, and selling as high as Gai. Northwestern
sold up to AZ, and was taken by strong buyer.
Fort Wayne sold at par. There is moro disposition
shown to buy Railway property on speculation
At the Second Board the market Was Irregular, but
as y rulo firm, and tending upward.
Money is very easy 20 stock houses At per cent,
and in some eases II taken. Several stocks ere 50
scarce .Lat they can DO loaned without interest.
In commercial paper no change in rates on demand.
The payments on account OF the new loan have no
effect Whatever upon the market and loga'-tondor
are everywhere reported sh"nd.nt
The lus.ucss Of The Sub-IIeasnry was: Receipts,
q 81 293 o.; for s'orns, 80 COO; Payments,
s!gg4.sg3 q; on accounted lo4n $4,000 balance,
$50, 07Sie5 II.
Sterling Bills arc firm at III FOR sight, and lo@i
for sixty days, in gold. For currency 2J1 has been
paid. Francs, 510a5l5.
Secretary FEsskS;DES has finally settled the rumor
about receiving 7.3O notes for duties.
TREASURY DEPAEuIEyr oct u. le6i.
ELLIOTT Z. SHkrAi.D. ssq. No. 10 HattF Nor 1orSi
am IN receipt OF your Sttef 81 - , ! -
In which you suggest, on behalf II yourself and cicnia
hat the queet whether tho notes ~ ne issue OF o1
known az seyen-thires are receivable for dujics be
referred Tor decision either 20 Judge BETS olthc United
States District Court 70 tic hto1ny General in the
discharge Of my official duties Lave alIfHnl i"unc u
cesary 10 examine and 10 consider igy Tho suolcot
bore presented aud Lavo formed and repeatedly e.
dressed tic opinion that those notes are not so reccy'
:. be question being Therefore decided n far n,
decision rests with iis Department, must decline
giving ny assent to tire pfoposed Ioi.lcnce Kespect
fui)v. W. +. fE-sESpEs.
Secretary u lie Treasury.
ROBERT II. DERDELI, esd, long connected with
the Eric Railway Company as a Director has boon
made rs President; and Mr.. y. s. DIvEH, Vice-Prcsi-
dent. IL addition 10 the above action by the Enc
Board tie Office Of Comptroller Nas created, and
le Hon. DUDLEY s. GREGORY, former Vice-Presi-
dent Of tho Company, was elected to fill thu
Office.
St meeting Of subscribers 20 the stock Of the
proposcd Paterson and Newark Railroad, held il
Paterson last Tuesday, 70 was announced that
42jg. GOO had been subscIibed-the amount required
y The charter previous 10 organizing. Thc follow
M ptrsons were then elected az Board OF DiIec-
tors: ae'ers ROBERT S. GOULD Of NowiIk; IL.
HOLMES OF r-jleyillc; JoBg W. SHIT Of Prank
lin; EDWARD ELiswosTH and ERAETUs W. SMITH
Of New-Yo'k. The roard subsequently organized
BIZ tho choice Of ROBERT g. GOULD as President
l.. W. DUHCAE Of franklin a. SecretaTy. ERhsTUs
W. SMITH OF Acw-Inrh as Chies Engineer JoIY
HOTTER Of Paterson as Attorney, and HORACE
Nv. rollEs 80 General Superintendent. Ibc per.
90 rs composing this Board are men Of means. char
os4.r and influence, who represent many fmes the
caph Al required 10 construct the road. The line,
es srysye6, will be IL miles in length, connecting
Tho thriving manufacturing cities Of NcraTk and
p.te,sea tho aggregate population of which o con
,ife,all hove l00,0 900. The shipments cf heavy
rroi,i,t 10 aud foia each would be quite large
troll he o1Jset goiding long detour BY Hey Of
Long Dock ard jersey City, with frequent loading
am n,qading. For the sVne reason the through
rassagrr travel would also le quite large. itI
Z ,cia o,sy glance at tie map 70 see That enough
through business awaits This lVne to make i re-
ct once. The local business sill also
BE GOOD. DO read traycrsHg "a bcNniiia farming
;oun'ry, rrch ~ which is in high state Il cult
ration. Ito villages Of Bcllc9ilie AM f'a'fliD,
g in her woolen, printing, dyeing, pspef "ire-
10th ard other Embellishments, employing many !
r-ol. % ,orsons Mn .i.o fr,,isb q resfN.tahlc
business to begin with--Frnklin village alone
bout 50 600 tuns per year. TIE route selected has
exceedingly. few natural obstacles, the only one