New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-07-15
NETWORK TRIBUNE
oo,o,vpm,L AND MONEY MATTERS.
SATURDAY, July ls- Pm.

w.s no session OF the Board OF Brokers
-. and no business Of importance transacted IN
s.ohspdise Nearly al the merchants closed tne"
stores at IL NJ.
The Merchants Insurance Company OF ~0OAo
h.vs declared semi .aEnGAl dividend Of i 0o"s
The Mobile Insurance Company nave uo''A'S1
a;v;asnd Of seven dollars per snare - A"o 10
r.vs.,e Bank Of Cincinnati has declared scum
...n,l d;vi5eud Of 81 per share for the last sN
-. The Bank Of Wilmington ana branoy
,,;Da has de Jared dividend OF v cent O.'
o.. 0,oits of the last SIX nths- The Df'oH'.
o..L Light Company have declared dT,'e-1 ..,
N cen, osvable the 18th inst Inc "'"'
"a M.nnfscturers Bank Of Poughkeepsi' 'e1''
annual dividend Of y cent pAy@O,0 -;
AN''Tr, ,,a-eh,n,,, Bank OF Poughkeepsie aseml.
..,,aI dividend of v cent Payaole LOU Say
rs. R.pk of PoughkeePsie asemEann1al oiVioe"u
.s,1 cent. payable LIST August line fine
p,.;o, Bank. semi annual dividend OF 81 y cent
payable LIST Aug
The receipts Of the Michigan Central Railroad
foy June has been as annexed: go.
v,,ght.. sl7ls7 Y slSSS5 50
800, Sers.,,.............. ..... 1873 30 OSof ~
hheeLsneous' ......''.''.''' II W ~ ~
To.sl...............s4s so6 So s7Gsis Sc
increase equal 10 45 per cent sli,s<o 70.
The importation of Dry Goods for consumption
Ibis week were 6695 packages valued s2,s77,347'
TIE smount taken from warehouse $40 pkgs. The
aggregate value Of the dry goods thus gone into
consumption is very large, s9949,OOO. The amount
entered for warebousDg is 1874 pigs valued at
s3s2232.
IhOnpsoa's Bank Note Reporter has the follow
ina remarks upon Investments;
The abupdanceof mOney-the difficulty in buy
ing old fashioned Stocks at interest paying prices
and the lack Of knowledge and confidence in
most Of the new stocks and bonds render it difficult
to form satisfactory opinion of what is best to in
vest in.
"What had better buyl" is & common qQes-
ton. "Can't change any high priced Stocks for
these that besra better interest and still are safe y
il another common question.
Our answer to these questions is-For safety,
rate Of interest, and future chances; Erie RR "a
Mortgage Bonds are the best-and that our read.
ers mey iip9Se for themselves, we give synopsis
Of the different classes Of Erie Securities;
100000 lss mortgage, v cent. int payable lst
Nay, and November, now selling at l07.
1000 600 End mortgage, " cent. int. payable lst
March and September, now selling ct 100.
3,5O0O 900 Income Bonds, v cent interest CON-
menciDg on the lat of August, now selling at 9ll
no interest accrued
100000 Stock, interest per cent. payable July
and January-now selling at II.
The second Mortgage Bonds are amply secure,
besides they are undable into the stock OF the Com
pany, at The option Of the holder, any time during
the nine years they have to run. TINS privilege
in our opinion is worth more than the extra safety
or security Of the first mortgage, and were We to
choose between the two, even at the same price,
we should certainly give the preference 10 the
second mortgage.
The money Tor the income bonds will finish the
road to the Lake, which will take place in less than
tweve months. Our impression is decidedly in
favor Of the second mortgage Erie Bonds, as an in
vestment over any other security now on the
market Their present prices Is about par, and
they have almost three per cent interest accrued,
which goes with the bond at that price.
The amount Of coal transported on the Schuyl-
kill Canal, for the week ending the 18th inst. was
1909 tuns. Previously, 234.797 tuns total for the
season. 249, $50. On the Reading Rairoadfor the
week, 2l,s2O tuns. Previously, 57s,256 tuns tots
for the season, 6OO,O76 tuns.
The quotations for American Stocks in Londoi
from Bell 8 Co.'s circular are az annexed;