New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-03-13

The advance in Erie Second Mortga2e Bonds
h.s very sp3 61rlg the as; thfee Or ioD day. t
IA consequent upon growing confidence among eApi;as
10 the value o. his security On Friday ;aese h'-s were
selling e. s5l-toay 'hsy we're IN demand Al 81 Per cent
They are enyesr Bonds bearing per cent nieres o. %
ar. hsn upon tie Vbos property Of ne Company II or
The satisfaction Of The fr mortgage of;hfee moas Thus
roao and all IL, asses % miles in is3sih wnsn comp
ted 10 tie Lake Of which 10 miles is already snisbef I'd
IN use and which Will sixteen 20 eighteen E ot "a
dollars 10 pledged FOR these seven millions of Bonds Te
Fret Mortgage Bonds selling ~ lo3 and " fh 't9
amount Of security cDvsr~ eld ne absou'@ ccr'ar o
the completion OF he road iHsre % ssson thu. s e
d!Fercncol5 per oent-fhouh exist The two cas'es a
Bonds are equally valuable snd 10 the opinion 81 ma
the Second Mortgage Bonds The more valuable - 81
investment ihey convertible into stock Al pa
Should the road when completed TO the Lake not d.sr.
poat al expectations This will before toe maturity Of tie
Bonds be valuable privilege Al the present rate ~ re-
oeipts the increase The present year viii reaeh one mil
six or seven hundred thousand dollars while The runnns
expenses and bonds and floating dent vi" not
exceed one million four hundred thousand dolfs A. Fl
per cent seeoad Mortgage Bonds pay an Interest Of p
per cent per snnun
II is stated that FIVE hundred thousand dollars q
the twelve hundred thousand needed for the Peoas Ivan
Central Railroad has been subscribed Contracts have been
made within r. days for the construction Of that Port
Of the road mmed aiey east Of Pittsburgh aud ne wos Is
TO be completed this On Monday next genei'l
meeting OF The Stockholders 10 to be held in Fhadeph
10 take measures for puung the remaining sections Of e
Western Division under contract Immediately
At Philadelphia the Money market continues
very easy and business very active.
The schuylkill Navigation Company is now ST.
ding the interest on oa1s 10 stock and ced
Gates, a. agreed at the annual meeting
The Massachusetts, Senate has passed bill -''-
ns tho Norwich ard Worcester Road power ~ i,-
f.ned stOcs
There is better feeling in Boston ia regard t.
Manufacturing stocks
meeting was held at Plsttsburgh ON M)ndpy
week to organize a Company to construct Railroad flla
Puit.burgh to the Canada line Hon William =. Halle, Of
PlstsbuTsh, presided
Gen. Robinson. tbs President Of the Ohio and
Pennsylvania Railroad Company has gone East, taking
with him the bonds OF PsbGrgh and Allegheny cities or
negotiation As this business il arranged the lrc
10 Beaver will be put under contract The distance ID
miles
II 10 believed that the line through Coumbiane Count,
will be let about the 18th Of April One hundred th0ussui
doHaIs have been subscribed In that county which Will
grade and bridge the road from the State line to Ssen
Fihy thousand dollars will be needed complete the
necdon with the Cleveland Road al Alliance mouf
Union which viii make up The 80 mues Of the Eastern DIV
sion Of the Western Road The iorce now employed
the line west Of Pus5urgh il about 300 men, but in sho
time II viii be greatly increased.