The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-12-16


~ss aspssssdby che decline in COLA and the failure o.
nvswsntIss abroad 70 respond 10 Il fully. Many Of the
dealers took advantage Of this opportunity TO sell them
down: and the ~shors interest In the bonds for which
thsrs b foreign Market 10 hsavy In view Of the low
prices q which The various bonds quoted the
&ass Ia che money markes and the improved tone OF
public feeling. IL u reasonable 70 look for IN upward
ssscoa but yesterday afforded no indication that this
was about TO although the tendency IN that drsc
don oan hardly Be resisted much longer The snow
storm had the effect Of limiting the demand for nvest
msu By keeping The public much indoors possible,
and the general business OF wall strsss well OF the
oily, was greatly curtaiisd In the same way.
In the railway share market there Was . moderate
DEGREE or activity and frmness than last week.
the general tendency being upward New York Central
rose l1sk. 10 anticipation OF the annual election Of
tss company. but subsequently lost portion Of the
advance The movement in Northwestern common
eliminated for tho time being and the stock declined
from es 10 ssk, without occasoning any excitement.
There were large transactions in Eric which was
As whole the nrmss stock the list. the price ad-
vaaeng a one time 70 731. Nos. Of the prin-
Spsi stock houses and leading Spectators are
o. The bull SIDE Of the market, the large
logs Of the railways during the year having
inspired confidence Ia the growing value Of
railway property under good management There Is
some hesitation shown about undertaking important
saovsmsnts while the House bill suspsndina contraction
rsains INJECTED upon In the ssnats there 10 little
no disposition to sell among the BEARS while the
bulls confidently predict Asenersi rise Of magnitude
the completion Of the several railways which are 10
constitute what 10 known the Atlantic and Pacific Rail-
eAy win undoubtedly give an impsius 10 the traffic and
prosperity OF oil the main lines extending from this
centre westward and The prcgrsss made towards that
cad apos ths cemmsncsmsns Of the working season
kbis year encourages the expectation tha. the enter
trss will ~ accomplished - about the time pre-
dlctel ~ the respective companIss-bamsly,
TIE end Of the year 1870. The track Of
che Central Pacific Railway has already laid from
Cisco 70 the summit q the Sierra Nevada, hundred
iIss from Sacramento ana through the tunnsl seven
tneusana feet above the level Of the sea- the 6r pas
ssngsr having passed through the tunnel the last
day Of November. rwsny-four miles Of the track in
addition have been laid the eastern side Of the noun
Gains and with open weather until the middle Of De-
osmbsr was sspccisd that the gap Of miles inter-
vsnins between The esmpstsd portions would be filed
up aad connection made that the tra1ac OF tho road
would be carried into The country east Of the Sierra,
distance Of . hundred ana thirty miles from sacra.
msnto. The government pays subsidy In bonds OF
from sfs 600 $4,000 per mile according 70 the spec-
ncatlona wbsnsvcr twenty miles OF road 10 completed
aud ths road 70 thsrsupon permitted to issus I've
nrst mortgage bonds 10 the same amount The govern
meat bonds beng second mortgage on The property.
The Central Pacific Company 10 selling through ts
agents. Flax Hatch, us nfss mortgage sx per cent
bonds interest and principal payable in gold, At es
chile the Union Pacific Offers ts bonds d co. with The
interest payable a. the rate 10 sold bu, without
any stipulation - 70 the prIncipaL The line Of the
central Pacnc Railway extends from the terminus Of
she San Francisco steam navgstos and will cross por-
tons or Nevada and Utah 70 The eastward Of Salt Lake
city whore II will connect with the Union Pacific Rail-
way, ensnding from Omaha towards The Rocky Noun.
taaa hundred and thirty mIss OF the Central Pacific
have been compistsd nve hundred ana nf,y-1vs miles
Of ths Union Pacific tnasn ins TIRES hundred and a.
sssn Of the ualon Pselac leascrn dvsop) sixty miles
OF the Onion Pacific central branch aud twenty miles
or the western PaciHe or California making in oil
shousapd and eighty miles ssalnst Two thousand two
hundred ana 1fyslsh the total length Of The route
from Omaha TO Sacramento The central branch. which
was fsrmsrIy known a. the Alchson aud Piks's Peak
road, runs 10 . point west Of A'shisos, where
" conkscU With the Missouri River Railroad.
vAch extends from Kansas cJ 10 Lsavsnworth.
xhs following wsrs the closing qaoa'ons on Saturday.
Shs market being then nrm New York Central III
PIX; Rris. TAX T2t; Reading, st's ss; Mchsv
EPsshs1. sax sax; cleveland and ritssuurg. s4/ Z
ksmk klaAA sIk sGG. <sss VaIas. az S'ssx