The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-10-23

bounce olvideno OF "a per cent, payable Novem-
Der /.
The sales at the Mining Board to-day were:-
lss A' l SS So sr
100 .sS Gold s sa.,sS 100 d0'''..'0'' .
meeting Of the bondholders Of the Pittsburg,
Fort Wayne and Chicago, or consolidated Ohio and
Pennsylvania, Ohio and Indiana and Fort Wayne
and Chicago Railroad was held goth inst, at the
office Of Messrs. Winslow, Lanier Co., 52 Wall
street. We have seen similar larger meetings, but
none where so large amounts wer represented,
and none characterized by greater unanmity. The
reorganization plan is eur' bic, considers every
interest, and is very ably a areiully drawn. I'm
der 1t the old first m ga ) of the three separate
original lines a De drawn into one new mort
gage on entire line of five and a quarter millions,
to cover old mortgage bonds and all funded and
unfunded coupons of the same. The old second
mortgages and four of their coupons, whether fund
ed or not, are to be merged into new second
mortgage on entire line amounting to S., 100, 900.
The third mortgage, under the reorganization, also
to cover the entire line The interest is contingent
upon earnings after paying interest on prior lines;
its amount not to exceed two millions, and is in
tended to cover that part of the old second mort
second mortgage, the construction bonds and such
Of the real estate bonds as prefer the third new
mortgage bond to the real estate security
they now hold. The stock remains unaltered
under the reorganization plan. The mort
gage bonds alone have the election Of the
first Board Of Directors. In later elections all in
terests join, the first and second mortgages having
vote for every 5000 capital; the third mortgage
and stockholders having one vote to every 500
ptal The time for accepting the plan is fixed for
lst March, 1851. The foreclosure suits are first
mortgages. committee Of five for purchasing
the road when sold was appointed, consisting of
J. f. D. Lanier, Esq, L. II. Meyer, s. j. Tilden, of
New York; Samuel Hanna, Of Fort Wayne; J.
Edgar Thomson, Of Philadelphia; rs also an adyi-
sorry committee Of two, consisting of VIM. Evans
Esq, of London, and Louis A. V. Hoffman,, Esq
Of New York. As il is deemed necessary mater-
ally to improve the road and increase the rolling
stock, resumption of interest is deferred to July,
1862. The receipts till then will enable the road
being put in prime, staunch order, with ample
equipment, thereby enabling greater economy in
future running expenses. From 1862 regular int
rest all bonds is sure, and With continuance Of
prosperous times dividend on stock may be lock;
The New Orleans Picayane Of Wednesday last
reports
There . toleraby free supply Of exchange tho
market day. but the volume OF business eeu<
TO that Of yesterday The rates for foreign did not vary
figure for the private sterling Of the
who have agencies the other side offered 70 draw at
WITH bin lie isdins, were placed :, iceT and lea and
line at 107k Francs ruled from 81 23% 81 22k for
good TO strictly prime but The extreme range runs DOW
moderate extent At IN and IA per cent discount,
though do not pasu better than az The DO
mapd for was less essng but the rate sustained
ai par which the banks willing sell freely
In short sight there transactions st discount.
The Philadelphia Brlletss Of Saturday evening"
says
In the money market there change 70 notice ia
absence OF eli speculative tho sch.
ect OF general remark In tho coal trade there Is
life than has prevailed for some time past and prices are
advancing.
The Cincinnati Gdzete says,-
There . fair demand for money to-day, rather
above the average OF yesterday but there was
curities offered at 10 II per cent Capitalists are In
easy circumstances and merchants moderate Dor
rowers at present. 80 that the market not strained al
aoy point any degree The business In Eastern
change progressed heretofore. The demand nodo
rate, and two thirds OF tho sales the city.
n Tin bills there we. sales months New oresSs
at II per cent SIXTY and ninety day. % 10 New YorE
The St. Louis DenccrG. OF Friday morning.
says
The demand for money spsli to-day. Exchange
The East was quite largely called for; the supply
mott dealers are compelled sell II at l per cent pre-
MUM work without profit Wscn buying, they have
TO pay premium for 10 AssortHg SO lars ely resorted
10 that bankable funds made cute One nst
tuition 20 day had $50 0o Tor saee town. at which two
brsbshes are located. That upon Of them
deemed BY the parent bank here al low rate. Should
this Asserting be continued week longer tbs pressure
for money will be great, and the market pretty well
cleared Of bankaole funds.
AT Chicago, on Thursday, some of the banks
shor Of currency during the carly part Of tho
day, and sold exchanges at I, but the general
hank selling rate was per cent premium. On
tie street there was an active demand at a per
cent.
The Troy Arena has the following II reference to
an sfar which has created some talk
some Misunderstanding having occurred between the
New York Central and the Hudson River RAiroad the
Harlem road has been induced 70 step tie quarrel
the partsan and instrument OF the Central TIE Harlem
therefore, recently commenced running through trains
FRO Albany 70 New York at high rates Of speed but Al
the fare charged by tho Hucson River EAlroad
rs,s AM 70 comos,s wsb sss Hssson Rive, ,oss hi,
the arrapgsmsDt does not meet with the success
tcpaed We see BY tas Epnsg Post that Harlem stock
and paper states that several Of the drcors who
accented 10 change think OF advising ~ dison
s' Rusan s~ sosd snco he H
arangemeni largely Increased the facilities extended
70 the travelling pubic Another train has peen ADDED
leaving New YorE At forty minutes past three and
reaching Troy 81 twenty minzses past ninc A. the
time on the through trains mas been cons
derably reduced and What better the trains are run
with The utmost regularity and almost AL cases exactly
time.
The following statement shows the business OF
the Reading Railroad during the month Of Septem-
Der, 1850, compared with the same month OF
1850
1850 1850
Received from coal ........s2is ts7 % $50 2p %
Merchandi 81 COT % IS s61 o5
Travel, Sc.................... sslI IL 8425 III
Tota. .........s. t53s ~
Trantport'n. roadway, dump
sre, renewal fund, and all
Observation-Disclosures. l3p,I5s 81 lstls8 -
Net prcnt FER the mouth 49,. s2fo ib2 VI 13ol5l %
DO for previous moatEs s2s 10 $50 SIS 10