New-York tribune., 1866-12-03
!. 3, Ia. .egO il535Oq2 k3ss8 l39 81 ga 4.i

The Legislature Of York last Winter at the instance
Of Mr Barkley Of the Assembly and Judge Gibson oil the
Senate passed bill authorizing survey of the upper
Hudson with view to the deepening OF tho enAnnei W
sbin dimen and constructing shpcanal from Fort
Edward to connect with Lake Champlain. n seconu
feature of the bill the authorizing OF survey Oh tne
route Of the Champlain Canal The advantages 10 tue
commerce of the State which would bo secured Dy the
opening of either of those routes cannot be over esSea
1t would bring tho City Of Newfork into direct conu
nioaon with the St. Iawrcnco and its tributaries as well
with Lake Ontario Beside other benefits inns eiy
would be supplied With lumber from the nexhaustble
forests of British America Fl the Niagara Ship-Canai
should also be constructed would thus be furnished
for large class Of vessels between the ports on all tho
great lakes as far ns Chicago and Milwaukee and the CITY
of New York at large economy Of expense, and with
out tho necessity of breaking bulk The necessary eI
penditure it is estimated would not exceed $40 100000
Tho following are the comparative earnings OF the
Marietta and Cincinnati Railroad for the third week IN
November
1896 .saa. eas 1905 s2l77s 20 Decrease s474 90
The Cincinnati Ga=efte Of Thursday says;
There was good demand for money today but no pressure
aud bankers accommodated their customers pretty gene a.
no bedoving az present Of an easy market and compare
tive stringency may b. expected 10 conue hh ul'e te
Of January when the business Of packing hogs shaH 'e
The exchange market advanced todny to buying and Cc
n no premium selling The dealings showed strong Ienng
in the afternoon with indications OF uniform lIo premium
selling Friday The exchanges hrous1ouI & ninsnt ns
are nov decidedly In favor Of New York ana consequently
currency must for the present Ow into that center
The Chicago Tribune of Thursday says:
Business at the banks generally shows no recovery rom the
duness with which II has been earaciezed puIlng % n
days though fow OF the discount houses report ~
s ,hty increased demand foT aoecmmodaon-mos IN he
maitct Prne papcr is readily negotiated 10 per cent
date having the preference as the banks prefer 20 % ~
move Outside paper discounted in the open market az no %
ID per cent according 20 the standing Of me aPpicah %
pne currency 10 keep up balances The counter rates
are firm at par buying and lilo premium sellins'
From The Financial Chroaieie of Dec, /:
Sorcmler has been chiefly remarkable for unsettled Goa
don or the markets the result combination OF circnm
STAGES Tbe deficiency OF the English harvest and oonse
ouept advance In wheat and abroad have induced an act
I've sncu,or In brpastns the West the result OF when
has been an extensive holding back Of produce until near tine
deneJ sg This has naturally produced or less none
tary arrangement At the western eenters Of lra'l not %
In the merchandise markets duiness has peNasi hpl g.
b. adequately accounted for from the natural AS on ~ =,
which usually occurs ~ NolgmDc' ~ mo-, S ~ The
bsncss stocks found TO be larger ~ tnl' Ale pIo & .
Fail business anticipated and as u not deemed sae
Ia carry goods ~ the current high Pfoes luele s
an effort realize upon both d0n,' ile anu Id ~
M heavy sacrifice The serious losses upon some khus "
goods have brought home 20 manulaeuf.s ae MI,
the current of production cannot be suslaa' &
with the existing high mnge OF prices ana llgIc is @
q1ently been developed very 6enefu ul'posOh " cu
Tc cotton mills are producing much less and the Tooen
manufacturers have very generally f'soEeu uoI a.
their mills entirely for few weeks o, IJaaag a ~ bjs
working 10 about eight hours per day The eYelopmen OF ms
policy has produced the close IT the month sOnleN
rovc tone IA the uois markets; but in nearly every Drh
Of the obbng trade the disposition notWlthsandng y 10
nIle upon goods close the Win the shieet pos
be stocks II appears b. very generfy UNDERSTOOD among
both manufacturers and merchants, vel rs By the CONSUMING
public that We passed the cima1 OF lh prices gn1
lint hcnccorA there must BE- persistent a IN the value O al
pruiucts. .,.,.. L. a., -,,.,e- n
This idea of coure prOlnces special caution m TIE matter
c-e and has decreasing effect upon every branch OF nu-l
ness but lis tendency nevertheless 70 avert any severe con
The follow ing comparison shows the prices Oi certain Idls
proslu.f, al the close OF October and OF November 90