New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1862-05-28


Michigan Central 81. Convertible 69 ..... "a y 30
Michigan Genital Sinking Fundas: 's2... 81 a 80
Michigan So \. lndina lStl lss3... 20 %
Michigan So & N. Indiana 500 shares ~ n II
Newly ork Central Is. ls8J.............'' ~ -
ssw.Yort Cen,raI IT, 1sis fnd iais 81 n si
Newly ork Central "a, tcv bds) 1876 ... % q II
Newly ork Central : 100 shares........... Y "a
Panama LIST mortgage, IS, lso3........... W dioi
Panama I'd mortgage o. lS'''....'.''' s 81 &i9 y,
Pennsy lyena Central IS ............'..'' 30 az ~
Penn,j wants Central. ID mortsage...... "a a e6
Pennsylvania Central; 80 shares:...'''' ~ - -
Philadelphia and Reading $50 shares III ~ :.
The london Times, under the same date, says OF
the money market:
The English funds without any tendency TO recovery
nom the recent depression aud have been inactive through
the day the price. Of last evening The cons.nenta
exchanges have favorable appearance further arrivals OF
gold expected from AmeIi "a and the %
f5OOOco having been transmitted by MessTs hotena 70
Rrsdi sccouD; Of tie loan, without any
the bank 1. also favorable But the demand io Gscou1 to
day has been unusually large both on London and eohot
account the appclon at the bank have been Il Is De
.y.d considerably beyond the average No ihcuat reason
gwen for The pressure and the i-et .na' f
e tie dsy after 10 morrow IL hardly sufficient TO account Tor
f. demand has arisen for silver Tor China when mas PIe9
g3 for money ard ao? exdivdond for the 10Th OF June
TIE Philadelphia Ledger of the 9Th says:
The bank movement the pa week shows an a;snee IN az
circulation 1889 tho deposits StJ4o5 aud ire specie
s679I This atemen; inclades only to syegs loI tne
bank bune. How long this increase Of currency aut bank
rs viii corilnse in this direction = diclli 70 sy Dat me
IT,
b. ability and the inclination 20 20 on expandhg ihe
- Louis lett San tIanci;co on me 9i!A ~ r@nt
with COZ in treasure, o' hioh S2tO ior
Yye 81 Louis Republican of the 9th says:
In round lots Exchange could be bough. for little less than
the ruling 8 premium The cost OF remitnces
which /, an insucement for rent,er possession
Of forward them Instead OF purchasing exchange
The Cincinnati Times says:
There il no difficulty In borrowing money a. al q cent on
,cripon than Cor weeks Bankers at the
toners 10 T. cent any who oher good paper
get their wants amply supplied iii. -, ...,....
doing some OF tie heaviest capitalists looking around for
hr.,ca.s paper tia, description, bu, none Ia offered
The leading article in Hallett circular lie upon tie
Erie and Atlantic and Great Western Railroad Com
panes:
The Erc Railway l. fas assuming II il doe, not already
cupy the rank American rairoads Everything
il 10 keeping with rs character a. the geat continental line
1t only based the harbor Of New ork but
strikes hi. three different poins-Jerey Ny Fremont
New bugke great river that requires seysin outlets
for It's accuu Tie vast volume OF freight de-
nosbe cost. by and facilities smpl. thst there
never any accuuons to obsEucs the regular business Of
the road
The main depot at its Eastern erniuusis At Jersey City
opposite New York the beat point probably IN the whole
hirbor for such station as 1t " c;essioe az al times by the
sescs. merchant vessels which may always receive their
casos. unaffected either by wad ice The value Of the
Jersey Cy i1y proved BY the enormous
When completed which viii soon be tie case nothing
will he
road the bes, situated and the most perfect In its
arrangement. Tor business, OF eny on the continent
The road after leaving tho HUDSON and threading s way
by an excellent route through mountain ranges for two
hundred miles, upon the elevated table land o. West
hew.Yok, where thro".oat eIashss ioaehing every
considerable town Ia TINS portion OF the state ana every In
portsnt port the lakes H. az It's eastern terminus the
rOsd resembles great ry> 10 the de.a formed by It's various
outlets the resenbsnce equally Kept up upon the western
portion Of m Use by the numerous tributaries which collect
The ood that rolls along t' chaan' But nearly all Of these
tributaries from the nodh nom deoasable ground &C.
cuped IN part by the Ceutral Railroad
In fact only drawback to the Erie has been the want Of
an extension westerly tpcnient OF that OF the Central
which controlled west Of Lake Ens the routes apparently
CO.. both roads This monopoly OF the Central has
awsy. worked greatly TO the Injury Of the Erie which
almost holly cd RON the Canada lines and always
pied uborduAe position ON the ine follow ing the Lake shore
to Cleveland To avoid such drawbacks upon its property
was proposed continue the legitimate extension Of the
e along the gre, plain or table reached in W.,e5n New
York through North Western Pensyyans, Central Ohio aud
on 10 Cincinnati where important ne the Ohio and Mis-.
.pp would carry the wide gauge Of the Eide TO tho city
OF ST. Louis.
BY krepng the plateau nothing would be os, by falling
into the basin OF tho Lakes 70 rise again thousand feet
the summit be crossed before descending toward tide.
water The great plateau presented other eens for
railroad IL Of tho best settled and fertile portions
the country capable OF supplying very large businesa
ritoy up tue present time almost wholly without railways
the western boundary Of Ohio reached the line
would gin strike the railways which compos. the system
OF that STATE and which would opea the mos, direct
and convenient wih every important, section
and town the West and South Nest-sith Cleveland
Columbia Cincinnati indianapolis Louisville st. Louis AID
Chicago.
road-it- Western divon-is under tho title Of
the Atautc and Treat Western. 1t starts from the Erie Road
Al Great Valley station called Salamanca one of
IN. II the GTra and whose aid and
energy the enterprise has been greatly indebted for
ce.. Il then extends about a. miles in NewYofk to tho
boundary line Of Penn.y nia Tho length line In the
named State il about 30 miles The most important point
touched ia i, Meadyle. athyin. town Of soue 1000
inhabitants.
after crossing the boundary OF Ohio the lne .trkos
tho Cleveland aud Mahoning Riioad ut Warren aud
th, road form, very direct connection with Cleveland
When Warren l. reached the Cleveland and Mahonins Cols
pany AZ adap their road to ths gauge Of Erie AT
Rayanua the Ccyrland and Pittsburgh Railroad smother
line will also be formed connecting with Cleveland The im
portance hi, ection hardly be oyoIesmste IL
city So 900 people having very large and rapidly
growing and 10 tho terminus OF
tenn of roads extending westward
Ii will prove of the value TO this Erie and to the
Atlantic and Great Western to Teach this system by dup
Gated lines Of the Central and Lake Shore route
The latter the past Winter unable TO tho freight
offering Cleveland tho tIimsut OF the lines enef
log that city from tho West well TO the general tso o
tho country All this obstrucon will be completely removed
by the Opening OF the Atlantic and Great Western W VIC
points named.
The important point 20 be reached will be AKRON on
tho Cleveland gainesville and Cincinnati kaiios1 ani0us
this road will DO opsnod WIN 'uu
southern Ohio, aud with every portion oil ,ho
States For the ugpos- Of iust ang tie hhuc anu auo
o the connections formed by the Atlantic anu ooA
have added map fourth page oiour circular
winch marks It's whole line with those oil nv
lug roads. This map will convoy better l'i nan any 'e,
bal description OF the IL shows ha "hrh ANTON IN
reached the Erie aud Atlantic and Great eteih nave y
tapped the Western SYSTEM a. points winch WIZ s'o no
great advantage uvety other competing route
They will collect th0 produce oil the Nesi rom theNey
district whore IL l. gown aud VIII c1inmaha tne tae OF o
by the facilities offered Tor cheap aud eKpe
dtous eounaaicalioa with New'f0fA WON to "n'''