New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-10-24

s2ooo Reaalss es 70 ISL 81 100 City RsIl'Gsd 8.
200 Reading Rsrosd hswn S. ~ do, Ss do sis sc.n'
1s., Bos,s-s City ds 81 saoco Lon. Isl.na
40 do, e.
MoNpAr Oct. 23--P. NJ.
The tendency of the Stock marke, was downward
at the Morning Board with fair amount OF business.
but the changes were not important. Al the Second
Board there was q better feeling, and the market
closed with more frmness. There were no sales OF
Erie at the Second Board but few hundred shares
sold outside at 4Si ai5s, showing Improvement Of
.al y cent Reading improved !. Hudson River
was little frmer. Central drags, and was offered
at ssh. Harlem il steady. Cumberland and Near
aqua show no change. Canton is scarcely as firm.
and cold at 20i. There has been recently quite en-
active movement in Lehgh Zinc and the market,
under considerable orders from Philadelphia, has
gone from u to e. A party from Philadelphia has
recently been examining the mines and works. and
express themselves highly pleased with them. In
Western Railroad Stocks the business is moderate.
and quotations are not Grm. Bank Stocks, especially
those newly established, are very dull and prices de-
clining. At auction the following low sales were
made to-day:
100 shares Mechsnics Bank Of willismsbursh..."..8
50 share. Central Bsni Of the City Of ss7i
200 shares Empire City Bans ....'''.'''''''''''''w
40 shares Chatham Bank
so shares Island City Bank
S25 East River Bank. .......'.."oA
In Railroad Bonds the business $50, 900, in
GLIDING Erie Second Mortgages at 9ai New-York and
New.Haven 70 d7e Illinois Central, 6sI a6si; NY.
Central, s7i; Saratoga and Sacketts Harbor, 80;
Erie Incomes, OIL Hudson River Converbles, II.
In Virginia Is there considerable sales at IS.
The Exchange market Is dull but without change
lsaQ x
a5l2j The supply of outside bills is yet moderate.
Freights are dull and without change. To Liver
pool, 5000 bush. Corn AID, ships bags; 200 or 800
bales Cotton, I'd; 900 bbs. Resin, III Deadweght
lOla12i6 To Benicia, Cal, two charters were made
at ola FOR Coal.
Simeon Diapers regular semi.weokly sale of Stocks
and Bonds will take place tomorrow, at l2i o'clock
at the Merchants Exchange.
The receipts of the Chicago and Mississippi Rail
road for the first week of October were s3s,slo.
The receipts Of the Michigan Southern for the inst
two weeks OF October said to have been $4,000,
and Of the Michigan Central $4,000. Other wos-
ern roads are making equally large receipts. Tbs
Erie thus far in October is receiving at the rate Of
COCO 900 for the month The plan for relieving this
road from its embarassments, which we made pub
lic has been well received in tbs street. The steady
demand for the Bonds for the sinking fund Is consd
cred a very favorable feature in the scheme. Tue
prevailing opinion in the street appears to be that the
Bonds will 20 at about co. but leading bear offered
them at the Board to-day at s5 seller six months after
the issue. We annex the advertisement for proposals
and the report Of the Finance Committee IL will be
observed that the plan has been slightly modified It
being proposed to divide the amount Of the sink
ing fund in stock TO the stockholders whenever II
amounts 10 10 cent, instead Of waiting untI the
debt is reduced TO eco O00, OOO This chsnge has
been rendered necessary by the existence Of the Con-
vertible Bonds which might be held till tho declara
ton of the large dividend and then come in and re-
ceiye il. II will also be noticed that the Income
Bonds. which can now be purchased at a, are re-
ceivable at par for the new Bonds.
NETWORK AND ERIE RAILROAD
TIE COMMITTEE APPOINTED TO REPORT Ia regard
TO the financial affairs Of the New York aud Erie R.ilrosd
Company beg leave to recommend
opslsd the tenth day Of J.nasy oI puIchss.
aTe The. Tor TIE q sSIRs 5 ss tie debt Of
pssss in said sOna. to 70 pay monthly
the LET Of March next the Of thirty fve thousand do
q, tbs sceruns interest on The IN the soaas Of
the New ok and Erie Railroad Company OF the
ever tie aid Bcps. q he new sas cannot Ss pufSSs
Or usds, par eH The .s Tssss' oves u. .sd @osthy
York and Erie Railroad Company which be purebsedt
or under par.
And whenever shall be impossible purchase any Of the
Bonds the EewYok and Erie Railroad Company st OF IN
der par then the said Trustees shall invest the monhlr
sLd ali sccuiDg nter IN such Bonds Of the New
York and Enc Railroad Company be purchased ct the
low est
And all Bonds being purchased by said Trustees shall b
ssDssd y Ss 2, & ns II s' s ds y the
buf that the interest sad Cancelled bonds shall b
collected BY said Trustees they due until the monf
y payments Of the New arb and Ehe Railroad Company and
The the convertible Bouds
Into Stock OF this Company shall have reduced the ente debt
Of the Company To twenty millions Of dollars After which
The said monthly shall and the vested
10 said Trustees shall b closed ell cancelled Bonds
unpaid Interest warrants delivered TO this Company
And the Committee would further recommend that the Board
Of Dinefou adopt the following resolutions:
UAoeas, The period has arrived when expedisnt and
necessary close the construction Of this Company
be re6peped only when the imperative necessity Of the in
eessns rse the road and the OF the hnsnees Of the
Company will render II perfectly evident that proper end
ussbe oeopen TO increase the present capacity Of
the road. therefore
Rsseed That and al future expenditures beyond The
amount 20 be derived from the proceeds OF the loan ssr
remburins the Income Bonds due la February nsxt Be
tbarset 70 transportation expenses
Rsoed That often the Bonds purchased By the Slsk-
log Fund amount 10 the Capital Stock hka
Company Will receiving due authority from the Legkl-
ture Of the sse declare ct the semi dvdea6
q Stock dividend Of ten per
Resd That these be published In the daily D.
pe that the public have coxn,snee of the future poey a
CHARLES MORAN,
saEPaERD kNAPh. Special
WILLIAa Y DODGE FINANCE
sE5sSk s : HaEsss, Committee
ksv- fvt. 0c.. q, 1884