New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-08-06
Since Jan S7s asa s15l 42SO@ Sl4LzS6S6
The following are the Exports Of Specie from this
nort f,r the vVeek ending AuQ 4.


TIE improy ement recently witnessed in Railway
Bonds is wen founded and its steady progress without
the ordinary reactions of ock speculation is an evil
dence of its stability. 1t il fact worthy of notice also
ttat the demand lie confined to Reading, which either
shows positive capacity TO and pay interest or to
those which have coed prospect of coming to that con-
dor within short space Of time. Tnus the issnes OF
the New-York Central, Hudson River, Harlem, Erie,
Michigan Central, Michis Southern, Toledo, and
OIL era. are constantly improving in market value
upon actual present ability to pay coupCns while
roads Of great promise such AZ the Terre Haute and
Alton Chicago and Northwestern, &C., are working
out fsterDg prospects, winch look better, as the
the harvest Of immense crop is ma almost certain
Nothing illustrates better the ndiscrimnate prejadiee
which has governed public opinion in regard railway
securities than the prices which have for some time
ruled, and which even now rule for sound interest
paying Railway Bonds, compared with State, City,
Bank and Insurance stocks. The basis OF confidence
must in every instance be ability to and pay and
get the saemeDis of Railway Companies even if &C
ual pay ments have had bat little effect, while the re-
turns Of Bank and Insurance Companies have been ac-
cepted without hesitation. This sogular but perhaps
Unsuitable discrimination is wearing away, and people
who have hi .hertO avoided investment in Railway
Il pds simply because they were not in the fashion,
are beginning 10 investigate the ers Of such secur
tep and to mai purchases based upon that examina
ton few years ago there was a constant produc'
ton Of bonds 70 feed the market but the supply lie
almost entirely limited to the Issues already made,
and as the absorption progresses, market values adj
vance accordingly. This new feature both In demand
and surpy il destined to make surprising change in
regard 10 this class OF vesmeIts and Il is than
probable that within the year there will be positive
scarcity of good e cent bonds at from 80 TO 100. IT,
for example the Michigan Southern Road earns during
the year the net sum Of 81 100000, which seems prob
able, it is easy demonstrate that road earning
500 600 over expenses, interest, and sinking fund.-
mus be good for s entire debt There will then exist
no good reason for the depression il it's bonds which
the quotations i'll the stock exchange establish for ab
ity TO earn and pay will be conclusive evidence Of
value Toe bondf of the Toledo Road Of the Chicago
and North Western and others, presently to be
subjected the test and the actual results OF the
year will DO more to ree.tablish railway bonds in
public favor than all the arguments which can be
urged In New-England, this problem has been fully
solved, and it has been proved satisfactorily that
railway earning and paying interest It's bonds il
good security for that continuous product any de-
&C. iptior Of property. The same view viii yet be en-
hSTo
The two steamers to-day took about $780, 900 in
tpecie The business OF the Clearing House was
$2 O04 COO The Secretary Of the Treasury has done
one sensible act in adopting the recommendation OF the
subTreasurer of this port permit the reconage of
portion of the useless gold dollars piled up in tire Sub
Treasury here into twenty dollar pieces. He has d.
rected the nntto .hns recon two millions of dolars
Double eagles been quite scarce and could have
been cold at a Tifng premium. Tne Pennsy lyania
Coal Company have declared sem-aanual dividend Of
81 g cent, payable August 49, The transfer books
will be closed from the 7th to the 10th inclusive
Money both on call and paper remains in tue sam
easy condition as noticed early in the week. De-
mano loan are q cent, and first class acceptances
are passed at the rates. Long paper is again
little easier topass at minimum rates.
John Brough, esq, President of the BellefOntaine
line. has been offered the position of President and
General Superintendent of the Marietta and Cincinnati
r ad under the organization. Noah L. Wilson
has accepted the Presidency temporarily.
Tie following abstract Of Company reports shows
the Coal tunnsge for the week and season as com
pared with the Last season 10 the same dates: