New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-07-26

Yesterday morning VIXEN we commenced to cut through
The vein a. 100 feet level and have cut IL feet through
car oa ore ard no foot wall yet and this Is opposite
The winze from the 90 feet level giving vein standing
of st least ID feet thick from level to level being the srg
est and best course OF brown ore ever seen snce Inc
Flood"
Tie Cleveland and Toledo Road it is stated. has al
ready earned the somi-snnusl y cent dividend dae
October The cholera will probably exhibit its Of
cts upon the JAY earnings OF all the Western Roads
The June receipts of the Cleveland and Toledo were in
round numbers $50 900, against SIS, coo last year.
Notwithstanding the depression in Railroad matters,
We hear that the Central Ohio Co sold 400 shares OF their
stock to-day at 90 This road completed ITO niles from
Columbus, Ohio, eas;v srdly Another portion will BE-
completed in September.
The Aibdny EreAiHg Journal takes the same ground
in regard TO the NewYOk Central Dividend that we did.
Il says:
The earnings of the road for fifteen months as will DO
seen, amounted 20 80 500 500 80 which si50 900
month. When the road shall have completed its second
track from Syracuse to Buffalo, and be prepared promptly
TO do the business that offers, It's earnings will so much
exceed $500 600 month a. 10 reach an aggregate Of
So 500 600 or $1,000 coo. This sum- after allowing 50
cent for expenses viii pay the interest on its bonds con-
tribute the required annually TO retire its bonded
debt and leave 10 cent annum for its stockholders
This is all that has been anticipated that desirable
In their soci;dde put the Ces,ra road in the best
possible condition. at early day 50 that all require
ments upon it, well for freight as for passengers maybe
promptly met the Company have devoted the last six
months earnings of the road 20 the purchase OF Rolling
To repay the moneys thus borrowed the Board issued
Bonds which, in the depressed condition Of railroad
securities, could not be negotiated without sacrifice
which perfectly sound and prosperous Company ought
not 10 make.
There is after declaring four per cent dividend from
the earnings of the last months surplus OF s96i 3i3 %
in the Treasury. BY sacrifice OF this surplus, in Wsl
St. money might have been obtained 10 pay the dividend
But is il not better, instead of submitting IN that loss that
the stock holders should receive from this surplus interest
on their dividend, until when things right up the Bonds
of the Company be negotiated for wha, they in
The time will come-and at dis.sn, day-when New
York Central per cent Bonds will not only Be sought
for, but command premium. When we remember that
but few years ago pancs depressed New-fork State d
per cent Bonds 20 per cent below par requires but
little sagacsy and small patience TO await the return of
tide that ebbs and flows through Wa+st like msel-
sironi.
In pecuniary tampedes the good and bad conound
ed The strong goes down with the weak la such times
little regard had the real value of what passes through
the Stock Board. Brokers' like farmers have their har-
vests but unlike farmers they proht equally by the rse
Walls by the depression Of stocks during the last
three months than had been made during the proceeding
nine months. The city was prepared for all this by the
vast amount of Railroad Securities invited or taken into
the street. 1t has been apparent for months that railroad
enterprises must collapse was certain that such an
amount of bonds-good doubtful and bad-could not be-
carried. The cricis happened just as the Bonds of tho
Central Road offered. This gave the " Bears" an
advantage which caught at voraciou,ly Strong
have been aborng from the beginning to depress Central
Road Stock. When the Bonds were first advertised,
Broker announced in the Board that they would DO sold
g5 And during the last week represented through
Wall ST. that the Central Road had large floating
debt aud was borrowing money at two per cent month,
while in fact the Company has no floating debt and has
never submitted 10 dollars shave. But the tasehood
thrown upon eyerlsh market, had the desired effect
The stock fell OIL and those who yielded to their
sites or their fears, made large sacrifices
Those yuho read the statement in another column will
not doubt the value of Central Railroad Stock or be at
all disturbed about their investments In that Company
Ii is the great American thoroughfare Though doing
well now it is being put into condition TO 90 much bot
ter. Many who have made money by running down tho
Stock will now become purchasers and pake stu moro
money by its recovery. And whatever is hne, or le I'M
done in Wall.st, the Central Road will go steadily on
netting the Just expectations of the public and its stock
holders.
The amount of duties received San Francisco for the
six months ending 3oth June, only s756O56 against
81, 453, O56 same period of 1883
The aggregate shipments of gold for the six months
were s24, 725,5sl against s2s $50.
Alta meeting of the City Council of Buffalo on Monday
night orders were passed the overdue interest the
City Bonds held in NewYork the injunction having been
dissolved by The Supreme Court
We annex the entire circular of tho Southern Michigan
and Northern Indiana Company, of which we have pre-
vous,y given abstract
OFFICE rny aIcsiG,S Southern $50 Sosras@ H.
DIANA RAILROAD COMPANIES, No Is Wiliamst
iCopy Of Diridead Notice Of June 81, 1884,
dividend of five per cent up the full stock ofthese
Companies except construction stock has been declared
from the net earnings of the six months payable
in cash ON and after the 5h day of July next to stock
holders who sha be such at the closing of the books
An extra dividend from the surplus earnings has also been
payable to the holders of full stock a. above a.
follows BY the issue to them on the LIST day OF August
next of one share of construction stock Tor every three
shares of old stock held by them; which construction
stock will be issued with twenty per cent indorsed as
paid thereon and subject to the further payment of eighty
her cent payable az follows fifteen per cent on the lat
dov of August fifteen per cent the lst day OF SePem
ber fifteen per cent on the LIST day OF oetoeer hiteen
l..r. afnhD fVxQu
he lat day of December Parties will have the option OF
paving faster or in full at any time and interest viii be
allowed accordngy and those entitled to the fractional
mart Of share will make the full by payment OF
the difference The semi annual payment Of four per
cent interest the construction Stock VIII DC made
at this office the lat day OF July.
By order of the Board,
EDwIs &. LITcHTIELD, Treasurer.
NEw.YoRK, Monday, July "a, 1854.
In advising the stockholders of theeItra dividend men
toned in the foregoing notice annex for their infor
nation the following statement OF the business and cond
ton Of the Companies
The gross earnings Of the Company for theear ending
,oh ne Last compared with those of the preceding year.