New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-06-22


In the midst of the duness of railroad securities there
b still retail demand for good bonds, which is gradually
reducing the stock in this market of that description
Prices of course considerably lower than when these
leans first issued. New negotiations of Western
Railroad loans continue TO be Of extreme difficulty We
hear that Mr.. Bacon Page e. Bacon has succeeded in
Placng with most respectable capitalists within the
past month about of the Second Mortgage Bonds
sfthe Ohio and Mississippi R.R.Co. The high responsibility
Of the parties connected with this loan has materially aid
cd its sale.
The Illinois Central Road il is understood will be
peted spring Its resources originally 100000
acres land which put into the hands of company
Of gentlemen who had subscribed to the capital of the
Company eli 900 00O The land estimated TO be worth
e27 900 900. Thus the of the Company were
$50 600 to start WITH The last estimates made the entire
of the road completed si7 100000 TWAS determined
to this amount of bonds secured on the land in such
manner that the land could not be sold without canceng
the bonds The first thing done to buy the iron for the
whole road at s45 per un for bonds at par In SIX months
after the purchase the value of iron doubled by which the
Company saved 81, 100000. The high character OF the
Company and therapd progress of the road commanded
confidence, that the Company enabled 10 sell the
whole of the Ell 900 par with the exception Of the
February issue. The sales made payable in INSTALL
rents which will be complete in July next. As these have
fallen due the money market has ghened and those no
took more than il was convenient carry have sold TO
meet us,amcnts and the price has fallen 10 49, In the
meantime the Company has gone on uninterruptedy until
the oad approaches completion. The tghtnoss in the
market generally by stopping other railroads increased the
supply Of laborcrs at lower wages In the meantime the
failure OF the harvcss abroad have excited the markets for
bresdstutfs, made farming lucrative and caused great
demand FOR llHes lands. At this uncture the Company
advertised its lands and in week had applications for
which M the nm ~ will
s4soo0o, for which bonds be Cancelled and this at
the momcn, when the bonds are al the lowest.
Thus the Company bought iron at the lowest price
rising speculation enabled il to sell all its bonds par
reaction gave labor reduced prices excitement in farm
produce sells its lands at the best at the moment when
the bonds be got back the best terms with the pro-
ceeds Of land sales The Of bonds thus neo-
tiatcd will it is believed suffice without borrowing in any
vler shape issuing any other paper TO complete the
road go miles, and probably close the construction
account.
The semsnnual ntercs. on the Delaware, Lackawanna
and Western Railroad Mortgage Bonds due the LIST Of
july will be paid on that day at the Office of the Compa-
ny in this City, On the 10th of that month interest will be
paid to the stockholders whose nstaments have been met
at the rate Of six y cent y annum.
The Chemical Bank has declared sem-annua dividend
Of six y cent.
The New-Oresns Gas-Iight Company have declared a
seni-annual dividend of y cent
The Western Railroad has made dividend Of g. y
cent for the past six months The Providence and Wor-
cester Railroad cent, and the Cochcco Manufacture
ing Company $50 v chsre.
The total receipts of the Grand Trunk Railway Of CAN
ada for the half year ending June sss5 45s TO-
The receipts for the week ending that day
The second branch of the Baltimore City Council has
nsssed the consolidation resolution of the Baltimore and
suseuehanns Railroad Notwithstanding the act Of the
Mayor.
We hear that about 10000 shaTes OF the Parker Vein