New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-10-21
AetuVprk Daily Gribm,rs
RAILROAD BUILDING IN RUSSIA-FLOUR
MILLS.
Translated by The TRIBUNE nom the Correspondence Of
l.,

Translated by The TRIBUNE rom the Correspondence Of
lie ford
ST. PETERSBURG, Sept. II, 1853.
To-day subscriptions for the bonds of the great
| Railroad Company began to come in. There was a
crowd six cashiers were hardly able to count and re-
| ceve the subscribers deposits. For each bond,
tenth Of the nominal capital, 50 roubles must be
| paid down. As it is expected that the amount sub
scrbed will be much greater than the capital required
by the Company, is announced that the deposits TOR
| all the bonds not delivered will be restored.
1t is said that on this, the first day. seven million
roubles worth Of bonds signed. The subscription
is 70 remain open for ten days, and it is likely that
| more than one hundred million roubles will be SUBJ
scrbed during that time for the number of subscribers
usually Increases during the last days. As the Com
pany desires but thirtyfve millions, the bonds will
evidently command high premiums in the market after
the first day. This premium like that for shares, will
be more considerable for the bonds delivered than for
the promises to deliver (prOmesses dObhgdtions).
large proportion Of the Gales made to-day upon
speculation. The distribution among the individual
proprietors to be made subsequently, iie""", while
the sp1ruator who buys promise to deliver, confines
his speculation to the premium which he obtain by
Subsequent SALE the holder Of bond entirely free will
derive from il "a much more considerable profit.
The holder of promesse fobligation by freeing
II, 10 allowed uscQuul VI of tSnl ooiiS-
| thing like or roubles bond. BY sending it hen
to Paris for instance to negotiate it there (which s
easily DONE since the bonds will be Endorsed 500 roubes,
1900 francs, 50 pounds sterling $50 thaers, and 9i4
Dutch FORMS TO facilitate transacons by selling there
the bond merely at par with premium, and having
the proceeds put into draft upon St. Petersburg, the
Spectator will gain from to 7 Y cent or % to 80
roubles You may therefore expect to see in the
Dsr,o rbath dol M PetersbQrC. On
the other hand, it will naturally follow in course of
time that the market price of these bonds in Paris Will
| be lower than that which they will command here
| Now that we are speaking of railroads, let me say
that the line from ST. Petersburg TO Peterhof s about
| 10 have a branch TO Krasnoe-Szelo the place where
| the camp of the Imperial Guard is pitched every Sum-
| mer and where all the reviews take place. There
will be no great amount of travel in Winter, but in
Summer there will probably be not a little without
| reckoning the employment of the road by the Gov
eminent for the transportation of troops, already
source of revenue to the main line from Peterhof.
The grant is made like that of the Peterhof road in
| the name OF the Baron Stieglitz.
Russia which exports in average years, wheat TO the
value of more than one hundred millions francs, sends
! almost the whole quantity abroad in the shape
| of grain while America exports more than half
| of her wheat rs flour. Russian statistcians some
| time since called the attention Of the public to
this fact, and have attempted TO show how
much we should be likely to gain by selling
our wheat only in the form OF -four. II, however, the
expectation of this commodity has, even to this day
remaire an Insignificant item in the trade Of Russia
the fact must be attributed to the imperfect prepare
ton of our -four The introduction Of stesm-nlls will
| tend sensbly to its improvement in quality. II is
only recently that some attempts TO introduce them
| into Russia have been made.
To-day am enabled to announce new enterprise
Of thi. character. A company has just been formed
with capital Of 400 600 roubles, for the establishment
at Rostov, upon the Don, one of the most i'm
porant southern ports, of steam-nill of more than
"A pairs of m-stones. One cannot doubt the success
OF the enterprise. is only to be wished that the
example may be followed soon g; Odessa, Tasanrog
| and other grain-eXportng ports.