New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-02-11
MONDAY, February lo-P.M.

the Fancies fell of. although not to material
extent excepting Erie, which went to 7s, but re,
covered little at the Second Board. Canton fell
off to "a, q further decline of y cent. with mod
crate sales. At the close, so 80 was bid for 1000
shares, and the same price for two lots OF 1000
each. Reading was heavy, closing at 59t Nor
ris, ls2, and dull; Harlem, GAY; Erie Incomes
went to 90, under the announcement OF new
issue Of Bonds The Company, 1t is stated in the
Street proposes to issue three and half millions
of Bonds in order to fund their floating debt, to
| be convertible into stock. About half million
will be used for the purpose Of making IS to 100
miles Of double track, which will be much needed
when the Road is finished, to accommodate the
large increase of business. This amount, with
the unissued Income Bonds, will finish and equip
the Road to the Lake and build sufficient double
track The debt will then be fourteen millions
and the stock nearly six millions, making an az
gregate Of say twenty millions The interest will
then be S9s0,O00, which, under gross earnings
of three millions of dollars for the twelve months,
after the completion of the road will leave about
100000 for dividend in stock, equal to 81 per
cent The arrangement with the Rsmapo and
Paterson Roads, went into effect to-day, passen.
gers from THO w ceS DclHB OIOuBut W JSLbO1 wy
instead of Piermont A train is also running TO
Cuba, fifty miles west of Hornellsvie, bat the
extension is not open for passengers Edgeworth
sold at Q, and afterward 81 was bid. These Real
Estate Stocks have not fallen during the late de.
cline nearly as much as the other fsncies. New
Jersey Exploring and Mining Company sold at 10,
an advance Of v cont, and IA was afterward
bid. Portsmouth was steady at l44. In relation
to the affairs of this Company, the President has
issued the annexed circular. 1t will give all the
information needed by stock holders and opera
| tors, and, coming in an official shape must have
more weight than mere anonymous statements
OFFICE OF PORTSMOUTH Day Dock AND(
| STEAMBOAT BASIN Co. N. York, Jan g. :
In consequence Of the repeated inquiries ad-
dressed to the officers of this Company by stock
holders and others, touching its present condition.
| we are induced to publish the following state
| ment in advance OF a Report that the Board OF
Directors propose to make soon as all the debts
are paid In full
The property Of this Company, consisting of
900 acres, lies at and embraces the termination
of the SciOto River aud the Ohio and Erie Canal,
which connects the Ohio River with the Lakes at
Cleveland. IL is in and adjoining the town of
Portsmouth, place of great PROMISE situated
ITO miles above Cincinnati with population of
| above 5000, and increasing.
| The Company own a canal half mile long
| connected with the Ohio Cana-a canal boat ba
| sin 500 by 80 feet, steamboat wharf or grade,
| ferry, water power, several treestone quarrles,
and a toll bridge that has cost sac, OOO-bnilt upon
! stone piers 725 feet across the Scioto.
! Part of the land is laid out into building lots
| aud another portion is let for about O., 500 per
anuum.
The Company have disposed Of &c lots for $4s,-
COO in payments equivalent to cash.
There are upwards of 5000 lots remaining
| sold independent Of their other and adjoining
| lands.
The Board have paid $50, 700 of their debt with
in 90 days.
There remains 245OO, which is in course of
liquidation out of means in their possession.
The Company will thus be free from debt with
in short time.
After the debt is discharged the receipts from
the property will be paid to the stockholders in
| the form of dividends.
These receipts, which should increase with the
general prosperity and advance Of population,
will be obtained from the following sources LIST,
sale; I'd, stone quarries Sd, wharfage Of steam
boats; 4th, tunnage on canal and basin 9TH, rent
Of water power; 9th, tolls from bridge and ferry;
9TH, rent of land and lease of lots
The Board Of Directors have resolved to sell
2,0O0 lots, in parcels TO suit purchasers, and re-
ceive the stock of this Company at par in pay
ment for the same
The sale is advertised to take place in this City
on the 10th day Of April next, by A. h. Muller,
auctioneer, and the Company desire to call the
! particular attention OF the stockholders to 1t.
| The lots VIII De seieCteQ from parts
Of the property, and maps OF the same VIII be
| furnished previously to the sale, and valuation,
by sppraisement, will be marked upon each lot,
to assist purchasers in forming an opinion OF their
| true value.
This sale and the early probable Improvements
on many Of these lots will render the remaining
lots more valuable and the property more produc-
| tive.
The stock received at the sale in payment for
lots will be cancelled and the capital reduced to
| that extent.
The Company have made contract with H.
w. Fish of Pittsburgh who has agreed to place
| manufactures on the western portion OF she
| ground, and thus concentrate upon 1t within
short period large population.
| From this contract and others under consldera-
| ton, the Board expect to receive much oeneht
| within the present year.
The ofSce Of the Company is at IS Merchants
| Exchange where information will be given to the
stockholders at any time.
The Cincinnati and Hisborough Railroad Co.
have Just closed a contract for $500 tuns Of
rails for their road on very favorable terms,
through their agents, Messrs. Window, Lanier n
Co.
The Dry Goods Trade has assumed 4 state Of
considerable activity, and more so in foreign than
in domestic goods. Stocks are fair without ex.
cess, prices are frn with much buoyancy and the
demand is wholly for distribution and consump.
ton. there being no symptoms Of speculation aP-
parent. and jobbers are operating so IS to check
if possible the upward tendency. Shipments TO
California continue active Unblesched Shirtings
and Sbeetings are in steady but yet limited de-
mand for the season with great frmness in price.
BIeached goods are IN moderate and increasing
request at full prices, with some tendency TO ad-
vance. Drills are in request at steady prices
Osnaburgs are much wanted, but are scarse.-
DENNIS are in fair inquiry and steady in price
Stripes are in moderate demand and firm. Ticks