The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-05-01

A1A1G3414e
unsecured Indebtedness anst Tho road Uader this
saniEa,ioD aashcri1ea by late lsw Of ihs st~e u
Wisconsin the income Of he road W DO siproPrA1ed
as f0iows5- H Ilt "
fsnt-Pay running expenses. usE t.
necTu--fAy interest on mortgages outstanding.
ah'fd--Pay per cent nFst preferred stock
fSfu--fAy per cent on second preferred stock.
[JH-Fsy per cent on third preferred stock.
Ss1h-fhe surplus, u any to be employed Ia sinking
vac prsired sock 20 three millions, or until its value has
se,ssl-Waonever these conditions are reached the
surplus snail mo purchase Of tne conmon
stock Until the whole capital stock both preferred and
common, shalt be reduced TO ak millions. NC'
AsatAwWhen he capital stock shall have been reduced
dividend that amount In any year equal TO per
cent, dividend shalt be declared all the stock instead
OF sinking The shares.
This is step in the right direction, and should
be initiated by other concerns in embarrassed cir
cumstances. tf
The New Orleans Commercial Bulletin of Thurs
day last reports ~ r.-,.. -
have to further advances In bills on England,
with slight stening Of In most other descriptions
but .re @ msS owing to the restricted
character the offerings and the market closed firm At
Clear sterling bills sk ASK sss per cent prem.
hll Of lAdmg drafts. ~ Per cent prem
ss a., S. ne S.;s gs s. ss dr.
Sight. par y n per cent prem.
We read in the Chicago Press OF April 27:-
GREAT ACTIVITY uIx CoRs MARKEr.
The corn market, which has been gradually advancing
during the past week. yesterday became buoyaut and
unusually excited under pressure Of heavy orders for
| immediate shipment East, and prices improved az
cents bushei the extreme figures paid wsdncs
day. Tho sales .ads In the ssgresate amount 70
two hundred and nGy thousand bushels, the great bulk
loaded The sales Of 10 pas three days amount 70 about
six hundred thousand bushels This activity and buoy
! .ney have been induced partly BY The low r.te: Of
days At three cents bushs TO Bunaio-which 10 de-
cline Of five oenss from the opening 1t the beginning
nois river in q which receipts arc withheld
has also contributed 10 the Improvement IN prices
ment In tested 70 the utmost the extensive
housing facilities Of city. Az every warehouse there
ss sx or seven waiting their urn In other civ In the
Union could such large amount Of grain be shipped In
the same space Of time.
At the annual meeting Of the Detroit. Monroe
and Toledo Railroad Company, held at Monroe, the
following directors were chosen for the ensuing
year:-Ransom Gardner, 4. G. Cole, Henry II.
Brown, Nelson Beardsley, J. H. Ransom, L. N. Gil
BERT M. S. Syke, Jr., j. 8. Barry, H. Keep, Philo
Morehouse and Stillman Witt The directors, at
| subsequent meeting elected the following Off.
cers:--President, f. M. Gilbert; Vice President,
M. d. Syke, j.; Secretary and Treasurer, Henry
II. Brown.
Joseph W. Allsop, the newly appointed Receiver
of the Ohio and Mississippi Railroad filed his first
report with the United States Court Cincinnati, on
Friday, embracing q schedule of the property
which came into his possession under the decree Of
the court, the liabilities Of the road, &c:--
Liabilities of ae Eaaen Dsusim, as Far as Aserainei
10 Aprl o. 1860.
Capffa seock
loan fro n Cincinnati NEUTRALITY-SUSPICIOUS.. 60OOc0
Fret mortgage bonds due July I, 1872 2,o5o,Oo0
C0xfD0 AZ I'M maid fp0rn Ian I
1858, 70 Jan i, 1850 s9o6,o4s
Interest on coupons to April l. $780,; 1885, gssco
Coupons Of interest unpaid 70 April I,
Iussrs,, on coupons to April j, issc... 1914 7
Construction bonds, due March I, 1875 4,2i2ooo
Coupons Of interest unpaid from Seps-
4, 1857, 70 March 1, 1850. .......... 742y36o
1nterest On coupons 10 April $780,. z,5l3- 9so3
Income bonds due May I, ISL. 3,32oooo
Coupons Of interest," unpaid nom Nov.
l,lss7, 70 Nay i, 1850. $4,000
Inierest coupons 70 Apri I, 1890 325aS- el3535
Old nostns debt prior 70 Nay 1, 1885,
Bills payabh NEUTRALITY-SUSPICIOUS.. 6s4o9
Juoefnens. .s...................... ooSto
Interest on above es,im.iod. nssc lss,oss
| Arrcarases due employ IS and bills Of
Do. bon NAY !, isse, 70 Nay /, is6s.. l441
| d.. from Nay I, 1858, 70 Feb. !. 1890. 5Iis
Notes due ". H. xsDlawaii @. AID o "'"'
| associates, dated Sept !, 1885, saI
l One nots for. ................... s2ls,soe
one note Ior....................... 6IJ5I
one noe nr.'....................- 1915
One note for .......:.:........... os,Dy
Interea nom Sept j, 1858, 70 APRIL,
lseo. .s-.........,....;.....;.:. as,2oo- $4,000
for Of Rolling sock 70 April 1,
isoe, Approved By DrsSsors..... I, Gallo
Notes 70 Chs. Klsour, duo Nay IS,
prsiss ror ca:;i;a unpaid siiss
Total lsbl,,ies A above sIo oql ia
Au><a
Cash on hand, Aprli 9th, 1884. =. s3g s0S
Due rom New York Office. t,oT3
Western nvsnn, Earning account. .. lana