New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-11-29

1 on pTeferred stock ............ 6,50OOo- 455oo
E cent on bridge bonds''.'.'''''.'''' |i'''~ 80
49,. .s77s-ISS
An sour which the ne, recsptsof the road viii i believed
be an TO meet and after the hrst day OF July lso
ExPLASAIOKl STATEMENT NJ.
brrsh Fort Jayne and Chicago Railroad COmpany-whieh IL #
present secured by no less than ten distinct
amount Of its bonds II accepted, Il VIII remove the euo
& Nbort the cost DELAYS and uncertainty ndng the t
cation hich the classes OF credor' emery 'o
Of the consolidation ofthree distinct
The existing separate divisions Of the
tie Pittsburgh to Massloneoverng line ooth m
ensyysIs snd Ohio he s,e"Pd from Ms;ssn 70 0lef,
Ohio and Indians ard the fourth from Fort Wayne to chicago
Thee dier materially their conditions and do
not -. 10 M Nv meet the requi Of the laws Of some OF
these Nv ryirg these bondhoders general mortgage
over the uheie road viii place in their hands without
te est II also proposed make these bonds iretenale
excel by purchase in the open market the
viii be found Of value IL will be similar Ia its
in Philadelphia which commands premium Of about 20 2 cent
over that redeemabe upon property Of equal value
bondhodeIs and the Company in asing CON
per Interest from the cash payments
It, effect cared oct viii doubtless be 70 advance the market
value othr securities from and 60 Per their present
understood and appreciated The aecuing interest he Com
pany having no Other debit will be puncuay met az M
the bonds OF any Railway Company in the Countrywide whole
amount required this purpose being but 10 cent Of the
The holders second class Of bonds Including the
suction bonds Shch U ne exception 81 too .n'a SS'gigs
amounting 20 1897 O ooHufe second security on Eo mus
Of rodd he me b0nd' Of ne OHIO and PeaHsyraHid
ei ooo are ,Scond nsOroage On la eJ are asked TO find
their falling due previous 70 July o snd 20 receive
stock viz be about 10000 Of construction bond,
eaud the secured debt OF the Company Incurred
or the benefit OF the whole road The remainder viii be
the rolling stock bnd depots and place the
Company in condition to earn DIVIDEND upon It's pfeefed
lares o cent
The second class Of bondhoers by this arrangement free the
roTeIty Of the company a. from all risks OF separation
po III On ers OF Of IT, passing into other hands and in
ase Of default the dividend of 2 cent upon the
fened shaTesom the net revenues o. the roadsy OBTAIN
bsoue control Of its management These preferred shares
United in amount they will De oy sPecihe De
much desirable investment than the hghersoundins So
uit's wlich they replace ...,..-.,..,, a..
resent condition Of the indebtedness 40 parry Is WINDS 70
iep forward and relieve its necessities under the EXISTING com
pieaon Of it's affairs The interests OF ell ~ creditors there
lore mend early adjustment OF its liabilities upon some
sosite debt secured and unsecured incurred
for the completion ohe road AFTER the failure Of the Company
for ia ih cars and for labor and
materials workng the line, during vain effort TO preserve
the credit Of the (omIsDy by the payment Of the interest upon
it's securities The amount due for labor and materials eonsti
nte nearly the whole Of the unsecured floating debt and Is Of
s character which demand the consideration Of all
can be spared form the pledge bonds Or the
time stated in The Plen VIII remove .hese
ted under the u conviction that its adoption will promote to
psny while requires no concession rom any WHICH
there is not, in opinion an ample gransd
Prest r., f. w. & Chi K X. Co.
Philadelphia, Nov. u.s. 1889.
The prices of cotton are well sustained in absence
of high alter at the South. The receipts still in
adyaI ce of lsst year some 100, 900 bales The
sumption of cotton for the year 1859 and 1860 may be
estimated a. follows:
France and the Continent. lOOooO
United States 0'""'
The current estimate of the crop $50 900 bales,
which will afford sufficient supply in any event, and,
with the rivers in good boating order next month, it
would be difficult for holders TO maintain present prices
The Times of tbis morning gives the following as
the basis Of the arrangement now in the course OF ne
COLLATION. between Mr. Vanderbilt aud the Pacific Mail
Steamship Company:
The Pseihe Mail Company sell everything Of steamships
draw thsiT interest bng steamship Aostc North
Company hi. side transferring the opposition FOR
Gosh ns;aenss OF geo 600 each all their elsim good viii and
b sapl guarantee against future competition With tho
he stipulation 20 % their supple. Of coal At AsPn- and on
ton cause The entire North Atlantic the Panama
Company being ss and 20 os % m
newsl mpeon. The negotiation viii Leave to the OLD
ws re he LII mall sorae; hasinTss yea
yet and ak steamshps out Of the eet OF thirteen from
which Vanderbilt, party select their choice Of seven
Mersrs Raynor 81 Blackwell have cold lot n. ".
cor 6thav. and 57th-st 25xlO0 for s. 900. Also lot
s. e. cor Broadway, 9th-av. and 64th-st., % f.
fronting Broadway 1876 f. in depth on the street. Is f.
rear, Us #. in depth the south line, for IS 3OO
We report the sale of lots north side of l5th-s 200
fl Of 6th-av., at $3.50 per lot. John McClaye has
sold the lot on n. e. cor. of Broadway and 66th-st
being .s.2 #. Broadway, sl0l fl. the northery
side PSI on the rear and IS fl. GGthst for s. 00O
Io.- - bv Fl. oh
broker ll6tb-s should have read Us #. east of
I0th-av. instead OF l25 #.
Markets-CAREyULLT REPORTED TIE n. Y. TRIBUNE
MoSDAf, Nov %, 1865
ASHES-The market i without cLzugs The densEd Il
steady; sles Of ~ bbl IS 49, for Pots and rs IS for
Peara
COTToS-Tbe Is rather lower sales Of $40 b4les
inc 1Ging 2, eco bales n frzns;tu. We quote: