The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-10-25

ors. Ths company In the market for lean of four
million Of eo,,ars on Issue Of bcncs beeag
Per cent interest psysbie semi sedssmaSs in
twenty years Tho rrocseds Of the sale Of these bonds
win pay of the income bonis and relieve tbs company
OF oil en5slrMsnens, and place al Ia liabilities in the
shape funded debt. Of lcrx dates. Ts construction
account 20 be cosed-to be hermetscsliy sealed up
Ard not opened again until the gsrave necessities
Of the Increasing traffic tn, ROAD and the state OF tina
finances Of the company will render IL perfectly owl
dent ii At It is proper and justiasble" The superrtsn
dert q tire company says that the present position
Of the road and lis present equipment is SUN rent for
business of eht million of dollars and 10 also estimates
that that csrac ~ will be tested in 1885, The sink
irg fund II 10 se sAao 900 PEI annu payable monthly
Into the hsrds q rastees and tho company Is TO pay
the ntereit bonds purchased by the trustees the
80 though they outanding This makes the sinking
fund actually larger than it appears We do not like this
festo IL the proCofsd plan. sinking fund Of $500 600
year Is eLoash, without making the stockholders pay
out bsai- es tie interest that annually. The
stosA holders however, have the benefit 81 ultimately
and they probably Will bs satisfied. Fos full particulars
relative to the plan and its opera ions refer to the
oci of the committee grd tbs company
in aIoth part OF paper 1he sross earnings OF the
company fer the comngy estimated at IS 600 COO
the operating expenses ct IS per cent interest debt
ssSg s5e sinking fund $500 eco net s54c $780,
squal TO than per cent the entire capital, The
couI any ess confident that all theao csisisons will
be realized.
After the Adjournment q tic board .hs oowtrg sales
made al suoticn II simeon Draper
$4,000 aichig-n Cen tra m So lat added 100
:2 90 coG,,rnus paua and lna, RI let mort. do. rs
a. shares Il coal 4 sofsnes co............... s5
s. ao CSC cse - aad Nsss.ias 10
At the second ooGrd the market not % gei sas
feiu L,ie n.jivn ~esi !. csut.
Railroad =. Cam aorlsnd Company Y. There was no
great sct.yty Inc business transacted w-s principally
"a lime.
The demand Tor s.erlrg sxchsnge fcr remittance BY
tie acsst rom Eoeton for Liverpool to morroS, Wed
Issday hss 5esn ia moderate, While the supply q
tis a. nall lasge. Wa quote best bills
IoEd a, e5s premium. On Ps,is, Of is s.. 12S.
The sostsp steamer vl tsks out about tho hundred
thosss.a dollars In specie.
Tho warrants entered ot the Treasury Department,
Washington. on the est inst we're
Fer ,he Ieienl 3ficn of stock ........... 3la5 10
For pay,nsn, OF Treasury aetts ........... 0ls II
Covesed into tne rrsa NY from customs ba5 6,7 81
Covered INTO the LrsasuTs ffols miscellaneous
.o ~. e. s.a 81 81
. For Iepsyirg for the War Depsrtmeat...... 49, %
For tho Interior apartment. II "a 40
Ecr rsI in the interior ~ psrtrens.. elias 90
| Fer sEta IN upon Inc books OF The Treasury
! al appropriation ,o1 ths Interior Depart
pisht ~ Ha.Tsnt..... l,3-z ~
The trustee Of the property Of tee orth Carolina Cop
per Company hss tred il 20, sale this 18th No
setober unless tue debts shall BE- paid by tina. time
ito 1aston Joasncl Of The 2sd Inst says -
TIE money market has main aimed IFS improving tsa
dency during The We az rates az taa cio1e q1o.s
shace lower ,hUn 81 ifs commencement per .ent il
tDe oisconns uinun, irsteao OF 10 bat il soouli
b. stated Tbs negotiations not free II the
END While reess in pnsgis OF arst Glass paper lnd u
dcnt 10 cbts in o. 1t not with iaeiy tnat boz
procure DISCOUNTS Al lS THAI 10. Tie difference