New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-04-16

There were shares advertised but 800 sold pre-
yous to the sale.
The receipts at the Sub Treasury were SlO2I7l pay
ments s72,9O5 Balance s6,9s3,675
Specie begins to return from the West Four hundred
thousand dollars passed through Wheeling last week for the
East
The advices by the America are commercially favorable
Cotton has advanced id with large transactions Bread
,tus were dull The Money market was working easier.
Consos having advanced to 100 The Bullion in the Bank
shows an increase of tls5OOO Eagles selling 76s
i'd Dollars As 3D. In regard to American Securities
Bell Son Co report reased demand for investment
Prices generally show improving tendency there being
II impression that the check to speculation the States
will eventually strengthen the market for sound American
Securities Barring Brothers report transactions in United
States Skies of le6s at 10 III Pennsylvania Inscribed
Fiycs ~ Bonds 90 Maryland Fives 90 a 1907 Virginia
Bonds l0O Erie First Mortgage Os Second Mortgage
iOO Convertbes 90 o. Other Securities without business
and without change. Prices nominal.
The Railroad Consolidation Convention, which
bed at Syracuse Tuesday composed OF delegates
from the Directions of each OF the Roads between Albany
and Troy and Buffalo and Niagara Falls viz Albany and
Schenectady Troy and Schenectady Utica and Scheneca
dy Syracuse and Utica Rochester and Syracuse Buffalo
and Rochester and Rochester LOckpor and Niagara Falls.
H. b. Gibson Esq, elected Chairman and j. v. u.
Puvn Secretary The delegates from this City Rich
ard H. Winsow and Thomas TestOn Esqrs. delegates
from the Albany and Schenectady Road. The greatest
harmony ruled the deliberations of the Convention which
comprised remarkable body Of business men, prominent
for wealth and high responsibility in the various communi
ties to which they belong Probably there .
ater set together in any Convention held in
this After organization and an interchange of views'
Committee of one from each Company represented
appointed to report plan for consolidation After long
deliberations this Committee reported the basis Of scheme
which was unanimously adopted II gives to the Stock
4.
stock of the consolidated Company be called the
Central Railroad Of New York" and also premiums at
rates corresponding with the recently ruling market values
in the six per cent Bonds of the Company having 30
or 40 years TO These understood to be rs
follows
Albany Schenectady ..l7 Rochester Syracuse
Mohawk Valley 1855 Rochester, Lock Ma Fala In
Syracuse Utca.........lOl
The entire funded debts of the whole line amount to
about sl75OOOO which adopted by the company
The aggregate capital of all the roads is about
The Bonds be issued for the above premiums will amount
10 about nine millions of dollars, and portion Of them
will be sterling bonds The various roads will divide among
themselves what surplus they may possess before entering
under the arrangement and will pay all their floating
debts After the adoption Of the Committees report sub
Committee was appointed Of one from each road with
power adopt and carry out all the details of the CONSOLE
daon necessary under the act This Committee consists
j. Wilkinson, - stebbns, II. b. Gibson, Field and A.
Brady This Committee ordered that and after the IL
Of May prox the various roads in the line should be- Urn
for the benefit Of the new company, although they
will be under the management of the local officers UNI
about LIST July. This Committee was empoweses
arrange on liberal terms to bring in the Trt -.
Schenectady and Buffalo and Lockport Roads. 1T
Company will soon appoint meeting Of its stockh DER
required by the act TO confirm the action of the We
For this two-thirds of the stock is required ,
favorable The President of the new Company viii De ~
Erastus Corning, of Albany and the Vice Presiden Af
Dean Richmond of Buffalo The Board Of DrectoT wiz
consist OF % persons The earnings of the entire hno
road show an increase about 50 per cent over last yeA
The receipts Of the Rochester and Syracuse load tor
March were s3f,5O0
We learn that a negotiation for million Convertible
Bonds of the Beyidere Railroad c. guaranteed by the
Camden and Amboy Railroad and Delaware and Rasitaa
Canal Companies has been perfected through Messrs.
Duncan, Sherman & Co, Of this City and e. II. Fisher.
ESQ., Of Philadelphia The loan is understood to be chieoy
for foreign account
The Madison and indianapolis Railroad Companys ~
cepts for the month of March, 1885, .s4700o %
Receipts for the month Of March, 404t5 50
Increase Is per cent 0r.......... eG.573 ~
The Little Miami Railroad Companys receipts fce ~
Receipts for the week ending April ls 1851. 1915
Increase al per cent, or................ $50
At the Stockholders meeting Of the Pennsylvania Ce
Railroad Company, held in Philadelphia Monday "A =
act on the 'opW don to subschbccsf sfss1 4. :
t7sooeo b " ,sptal stock VI h u ia cad