The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-05-30


1t saies--$las asked.
Mr. J. Thompson viii SELL at the Merchants Exchange
II y O'Clock tomorrow, wednesday, virgini. State
,, North Carolina 6s, Tenasssse per cents sacra.
ento bonds Lake Erie Wabash and st. Louis Railroad
nds, Great Western bonds, sc.
The steamship Baltic from this port for Liverpool to-
crrow win take out large amount OF specie. 1t ia
timated that the shipment will not be less than one
quarter million of dollars, principally in California
rs, which nave been reserved for export. The ship
ent viii not, therefore, draw much from the banks
q steamship Star of the West, from Nicaragua IL
arly due with California dates to the 9th inst she
bring probably half a million on freight besides
at in the hsnts of passengers and In drafts Their
been change in quotations for foreign exchange
continue to quote 10 . 1o14 per cent premium on
pndon; Paris, ST. laA ST. 1lI.
The conferences held by the Vermont and Canada
sd concern ing the possession of the Vermont Contra
vs az Jet, resulted in NO definite action. The last
citing, held on Friday, stands adjourned to wednes.
next. 1t is rumored that new organization In tbs
rection Of ths Vermont and Canada will probably be
ternnsd upon before any transfer of the property is
ade.
The Boston Traveller Of the 2sth inst. says
Copper etocks attract large share Of attention, ami
(ersl decidedly active. Copper Falls, witch had
down TO So in conseqae OF reports giving rather
ed with considerable strength on saturday and was
sk ut "a at Close Toltec is very firm and quite
70. The statements which reach from reliable
urces are very satisfactory as TO the working Of this
The vein grows richer as II Is developed and the
oduct in mass and barrel work is large The Isle
yale too is yielding well, and bids fair to become
~ productive mine, but IL is depressed by large
ssments which have been necessary to clear of the
1ebtec ness of the company.
The Rutland Railroad has converted one-third OF its
ating debt into third mortgage bonds at par leaving
$500 900 20 be changed in the way. The net in
me Of this road is handsomely increasing, and the
encouraging intelligence IL received from the official
urces Of the Ogdensburg, Central Northern and Che.
ire corporations. II the entire cost Of these roads
represented by shares Of capital Stock they could
pay dividends and the market value would NO doubt
increased from fifty TO one hundred per cent.
the proposed new stock Of the Fitchburg Railroad
mpany one to every fourteen should not be taken at
it will be necessary to pass two dividends aud
stockholders will receive until July, 1856.
looks now IL the would succeed and dvi-
nd be declared in July next.
Since the announcement of the sales Of aod by the
inos &c ntral Railroad Company the sellers of bonds
time appear to be inclined to leave this security
)ne. week sin &C. time sales were made at 1915 to
buyers 90 days. The rate has gradually advanced
cash sales ut II to Tx. This rapid advance Is I'M
ubtedy to be attributed to the fact that public at
alton has been arrested by the operations for the past
rec weeks in the land Office at Chicago. During April,
600 acres were sold for $3.50 s47-an average Of si3
acre-aud to the Goth of this month the sales have
iounted to $3ss, $3.50 that the company have
ready a sinking fund formed, in round num-
Is, of s1,50o,O0o. list of the pur-
asers has been exhibited at the Office Of the
mpany for several days. which shows that the sales
made generally lots OF 40 TO loo acres. At very
oderate assumption the company will have from
500 600 to 50 eco Of their lands sold during the
eseut year. The prices too high for speculation
purchasers settle and cultivate the lands at once;
the adjoining property greatly enhanced in value
great feature Of this system Is that ths sinking fund
the best possible shape-that Is In notes given for
ad to be placed under improve nent prior to their ma.
rty and the title 70 the land retained until the notes
& paid. BY this ingenious system Of long credits and
2 rates Of interest, the company will realize an i'm
nse sum OF money for their lands far exceeding their
nded Indebtedness At IS per cen. less than the prices
traly obtained in the last two months, these lands
Iibring $25 900. The road has cost about s2o-
coo.
This unexpected show in the land department. will In.
&c tie stockholders to wait very quietly the deveope
mt CT thu business Of the road the receipts Of which,
the last month, we're s1oo,5o0, derived almost
civ from way business. and through q country inn
y.rshed By the almost total failure Of its crops the
AZ season. II the originators OF this enterprise
Ia held up to the world the fact that build
a railroad upon the prairies Is building
great highway to create businers, no disap-
ointment would now be felt at the receipts this first
ar, before the harvest portion Of the Aurora road
opened year into the prsires, under precisely
oh circumstances, and the receipts for March, 1854
ere sel9s "a, against s37 $50 40 in March OF this
'sr. For April the receipts si4,S92 rs in 1854
ainst $40 9el 80 for the same month Of this year
! san5 strebe last years. recsipts.
2ior 10 the opening Of the Illinois Central road In the
Etle districts Of yermilioa and Chsppsgas counties,