The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-08-21
uAses. aaa exporters, u sas Quotations.. which as
steadily maintained

sloLAsD, ArurA ASp 90. "a oRouLAx
Our last circular w.s Dor Ss0srs 70 sSs si.s usn.
The great fAct the week e the successful laying tss
A:sss telegraph cable which gives great and general
liverpool (August 81 Correspondence oSYondoa Hsra6p
Az our ssocx exchangs there were buyers Of shares u
as company e. fses aC9 dscount bu. no seller could
pc found Tor less than $780, and he subsequently, with
drew his ohsr Al the close holders refused 20 take less
than perto go p,smism
cable has been the great question Of the day ana it A.
pears TO DO generally admitted that wil create perfso
From the London Globe, (City Article) Auxus,SJ
All the markets in the stock exchange primer Ihis
now oxo Srss to o1S rss settled N
the sired telegraph" shares the Indian loan and hs
successful submergence OF the Atlantic cable Temporarily
absorb large share Of public notice. The
therefore, are very extensive but they indicate con
hdeuce the FUTURE and the result IL increased frnoas
in values
From the London Shipping Gszssts, (csy Artlcls) As.
Atlantic telegraph shares, which were yesterday lowa
70 500, have to-day run up to 800 to l. COO
The news Of the competcn Of the Atlantic Gable sas
morning (6thl created degree Of animation which
buted 70 increase the tendency in the Stock EK
tive business at higher prices II was settling day 4.
consos, and the deliveries Of stock being small rise u
were yesterday offered at 9sao, immediatey advanced
e % Of s
s Ss p. IN, vas s' ESQ e ass Ky ;s .
the utmost interest, and most persons connected
With the American trade sanguins OF the
intercourse Of the two countries the economy via
also effect by frequently preventing the prodtsss ship
NsS.rs Is snnOnnced to BE- II Trinity Bay, Sswfounassd
the connection with New York will most likely be estab
shed With great despatch The land telegraph through
to Cape Ray the other side of the Island thence there
is cable TO Ashpee Bay, Breton Iaand, which connects
with the lines through Nova Scotia and New Brunswick
and the United States stem down to Now Orleans This
working ST the land line Of about two hundred and hfy
miles Newfoundland has not hitherto been quite
satisfactory but it wers ordinary purpoaes and thers
is % intention ultimately to avoid il by running sub
marine cable from Pacentia Bay TO Cape Breton tbs
hnarcal ard general position Of the Atlantic Teis
grarh Company now appears to be o. folows-rhsr orr
gna paid up capital was fS6o,e00 and this has since
been raised short time back and cts 900 in shares
having been created to be handed In payment for
datey on tie successful completion Of the undertains
Although the amount To participate in dividends f456 0oo
the capital actually received Is f3S o0o Out Of this the
charge for the entire cable has paid together with
all other expenses, and email cash balance u still in
hard applicable to the current outlay. s understood
that the only additional capital intended to be raised
is the small that will bring the total to f500 o0 ana
which required for the various stations, &C., that
comrany ave Them An exclusive riTht Tor y yssrs a.
regards the coast and the shores Of Labra
dor and Prince Edward Island, and twenty five years
ege tor twenty FIVE years from the State OF Name From
the respective governments Of Great Britain and the
per from each for the transmission Of their
cages for by years, until the dividends amount TO
per cent on the original CAPITA Of ESQ 600 Alter which
to be dependent the efficient working OF the line Pre-
viousy to the failure Of the first expedition which sailed
on the 4th OF August 1857 and lost 3s3 miles OF cable
the OI0 shares touched about ECO and the
lowest point has been $780, sale having been made at
that prize the attempt june when there An
appears that nearly 600 mles OF cable remain the total
paid out from the two ships having been only o22 miles
From the London Herald (Cty Artcie), Angus. 81
TIE intelligence Of the success attending the laying Of
the Atlantic cable received early In the city day
9TH anc was productive Of great satisfaction. Apart
from any influence which might be supposed would be
exercised upon the stock the WAS calcu
lated to increase the interest felt in the establishment Of
such close relations between the two countries Up the
sies, there doubt expressed with respect
TO the full accuracy of the information but the Dealers
before any actual transactions occurred appeared In
quotation was $50 per COO share but Immediately the
telegraph brought toe encouraging news this morning
two bids OF st0 though business understood 10 have
taken place and the latest quotation current $50 $50
From the London Post lCity Artiele) Augusta
The announcement made this morning (6th), shat the
Atlantic Telegraph cable had been successfully sub
merged, give rise to very high degree Of Satisfaction
commercial circles. The mum rous failures that hal
previously occurred and the adverse character Of many
,cehtnc vAicn.ilons, had prepared the public Tor
the announcement Of another failure, but happily such
and the Asamemnon on the other. have successfully
accomplished their mission and In the Of day
in Geographic communication with each other The &C
conplisbmert OF this gigantic result has naturally
gvta the mcs Intense satisfaction to all classes for even
!hese who wiz not pront directly by the establish
men. Of the electric telegraph between the Old World
and the New feel ssat the project Is one Of national
interest, snd one likely % Be productive Of great re.
OF this great enterprise may well take credit TO them
selves nr the uDvared faith which they had In
.ltsa
rot least, those to whom the execution OF n
charlottesville engineers and the officers and OF tbs
congratulate themselves the successful termination Of
an undertaking Is dangerous arduous and which
had to no conducted under circumstances Of great din.
Guilty. However, the wire IN reposng the bed OF
the Atlantic and whatever may be ts
o. an Investment, great scientific problem has been
solved and the continent OF Europe ADD America connect
cd by a ok tho importance OF which, in political aud
commercial sense, cannot DO estimated. II Ia now an
established fact that long lines Of teleapbc cable can
ne successfully submerged but has yet TO be ascertain
ed whether the shareholders will be rewarded their
ousy, their patience and their hopes deferred, By the
the Atlantic The despatch received By ths com
parry gives des Of the rspiity with which messages
can DC transmitted, which will Of course form m impor
tant element IN the commercial OF the under
taking
The shares OF the Atlantic Telegraph have advanced 4,
gence received Of The successful subcrson Of the cable
but no bssness 10 recorded In the official list
From the london News (Ciy Article August 81
Jcnei1crace excitement was occssioned 10 day (6hI
by the sic.s announcement that the Atlantis telegraph
cable, despite the immense difficulties epcouaered has
length been successfully laid On AL sides congratulations
expressed that thanks 10 the untng
and energy displayed by all parties connected with the
experiment., this gigantic effort OF modern science has
been carried 10 triumphant ssue. The price u the
pany shares, matter Of course, experienced imme
date aud great rebound. We do not hear Of any transac
tops but the nearest quotation this afternoon fss0 10
600 per Ct 0o0 share Yesterday case scarcely OBJ
nabe The success 81 this enterprise hardly fall 10
improve The prospects Of all undertakings OF similar
character
iron the London Chronicle (Ciiy Ar,icle), Augunel
The fact Of the anccessfu su5merging OF the Atlantic
Telegraph cable most important, for establishes this
self evident proposition that VIVA, has been done be
dcne again; and, therefore, II one cable be laid
down, so dozen any other number that may be
necessary. IL her Maiesys government, however, are
wise they will be prepared for contingencies and grant
subsidy TO second line. The success attending the
laying OF the cable has caused the shares 10 be inquired
for but actual transactions appear 70 have taken
place. They quoted $50 lsst night, but This morn