The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-03-04

nor 0alsaa and CAioaGa II 0ssse ~ Aawsusse wss
sssreA u 1sk Per cent without Sales ne sa'ss % n
shgAn southsSa are g tung 70 DO quite sve again. ous
ne opsrAtor except for lower prices, ars rsduosd vs
hw. On the lst Of April bonds 70 The anouns "
$4,000 mature, and win require some reAy sharp
rsasoierng 10 raise anything IKE thss sum o. the eou
Pasys credit new hsus Of bonds 10 sAtre'y on Of
Ne qssstfop. No inside or outatde ofthe company
Knows how many bonds Outstanding nov, and ns~
ssss pSh,ioy made forced upon the Market would ~
cell above 10 per ceoL We doubt large amount
would Ind purchasers ~ any price. Tho enermoos sao
noss I'M ooupasy made 70 pay The February dividend
the saiiy sacrifices he's 70 make In Carrying along the
Heating deb and The sacrifice sn be compelled 70 make
10 hquds,s HE bonds about maturing would snk u onoe
any HirSad company Of ordinary resouroes and mum
ultimately sink tho Michigan southern deep 40 Han
len, Hudson River, Long Island. Is earnings are no
hing compared 10 Ms expenditures. Is receipts do but
nsae more hsn pay operating expenses The expense
arancisring all ~ into construction account In tne
shape Of new bonds and stuck Its capital and doos
sec smeunlto rp~1ds a sixteen millions OF dollars,
and both bonds and stook arc rapidly increAaing In
quantity Tho way IN which this COMPANY raises money
hoU day to day would ultima ELY ruin tho best paying
rod NE country. For NE Michigan southern Company
thsrs "a no relief NJ financial cmbarrassmens are NOT
merely for . month, bot from this use out un
al ~ balArup cy pspliey acknowledged. Every day
srsss No money diauer, and every day requires 'uae
Zee m3T,noe viii result in suspension Of dividenos
until Ne rosd slder proper mAnsse usnt DO made
s1fc'ently proascsive 70 make up for portion Of the
o. hey esusss by the rsy mont Of unearned dv,isnds for
yesss past Ne doubt tho Michigan Southern Railroad
cEppy Win pay another SEN annual dividend Of Ave
~, cent cara until come es, change takes pAos In lis
asancaA sssirs ms Cleveland and Toledo uon
sany similarly sisusisd sSd siuilar re
suits 9TH ultimately ee realized. me same
csasss 81 vovt, and every semi annual
dividend pod osy lnresses the dbcuty and us'ens the
eoilspse wise ooassel prevsed In the board OF man
asemess OF NE Cleveland and Toledo company they
you'd me policy Of reducing the dividend paid, mol
Of sssIconins n altogether Upon tho principle thA
half q iosi . better thss bread, the outside stock
boilers shSuid 10 sai,eaed win . lover rate. The
nc1ssa sOOsheia Company would hsvo been o. least
bali mihcs dssn better OIL snd really 10 bestey credit
~dsy had ns February dividend been passed altogether
ScshDs Ia The world bus desrc the part OF tho drec
sors preserve he oonpssys credit so ~ 10 enable
sescts,e sss ssn 10 pay the bonds about ms!urlns,
nssoea ssnso psy tho February dividend in cash. 30
cell 'Asy have sucoeeded be In tie 20 osauon
70 par Tor the compA, snsi,s fond bonds upon
which shree messss interest," have accrued.
A NE board masset moderately active
Esd prices pretty well ssslased. Gaesa and Chicago dc
o'ues pr eesi; ct'csso and Rock Isisrd, NJ Illinois
CsrrsI y New Yorr Central -. Erie o,osed witbou,
charge. beer sale Of 600 shares was made at oTa
par cent sser 80 days The earrings for February, we
upeeysn "a. very snsll ard viii, compared WIN
;aess or NE same nssln year rnow grsa, Ing
ca Evryssfsg wss crc~esi insc January w mako a
resd show he,ors sne~n What d'ssstcr February
sou bring along VIII No.
TIE ssces spsrsioas q the proprsso-s Of the DAILY
nns m We'll street 10 day we're - foilrws-
Bccshi 200 Reading sAirosd eH, seller 20 days.
-is SEQ xrhisaa Sostbern sR..... 49, baysy % days
ssd sot Chlosso sna hock hlssd n. .ics., oAan.
ms o ssdsrsas DAY o wcrs. sad not mare rrool
sss ibsn ss~ss 10 b. si 20 far towards naAios
% ne sshcsescy m the ansnccs Of NE fmS Tesy Oil
hsve 10 ses 10 sxe0u valley s~ss 10 nass bcls esss
ssst n wss pcssse 10 briss sssvt oospse 10 Ne
UssSls ssss here sess be 500 hcYe su, ss boilers
srs vssi pfo<csed 10 us sste. Aasskev ysl~y Rass
devs In usrylssd nisnt he wc~ksd w ss~s.
TIE Assstsns rrsassrer reports 70 dsy n foscvs,-
Total fscsr~ eHaIss ~
1osAi zap Dfno. w sl u
IoA hssnrs. .s.ss.ss.s.s s.ss.....s.h wv, ssi
me ray a~ep nc'sae sn. seo co csa'orsa sr~sss-