New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1870-03-10

nep its construction and control the traffic from this
Salaabe feeder"
tits quite time for NewYork to decide whether will
allow the Grand Trunk Line to drain the country Of
traffic" west OF Lake Erie, whether that immense
trade and traffic. rapidly increasing. shall be brought
90 this city. We do not know what the NewYork Cen
Sra aud the Erie doing in regard to Western
tons they should look to the West and endeavor
make friends with all important Western roads.
There is encouraging fact in our present nan.
aal position than the steady appreciation Of American
securities the European markets Our National bonds
are rapidly rising IN value, aud the increased confidence
IN Government is also causing corporate secur
es be looked upon with favor by foreign capital
fists MeSSrs. Geo Opdyke Co. the agents for the ST.
Louis and South Eastern Railroad have Just succeeded
IN negotiating considerable portion of its FIRST mortgage
bonds IN Europe. The remarkably low price at which
these bonds offered and the ample character Of their
security. doubtless have much TO do with their ready
sale but it is also indication Of the growing conf
dence in investments which is being acquired by for
egn capitalists The St. Louis and SOUTHEASTERN Rail
n road. part OF which is already completed,
extending from ST. Louis across Southern Illinois TO
shswnectown the Ohio. IL designed TO form part
OF direct route between the former city and Nashville,
Tenn and also of a line from the West the
board by way of the Valley OF the Ohio. and the
Blue Ridge
The stockholders Of the Union Pacific Railroad met in
Boston today and elected Directors for the ensuing
as follows: Oliver Ames, Cakes Ames, John Duff John
n. Alley. c. H. Mccormick W. T. Gladden. r. Hazard,
Elisha Atkins. A. c. Lombard. o. s. Chapman, James
Brooks NJ. Dodge sidney Dillon. Frederick Nckerson.
and Bushnell The following is the substance OF the
renort made by Oliver Amcs. President:
We have spent during the past season. upon snow sheds
and snow fences S3OOUOO. We have now over hVe
eS II sheds aud nearly 80 miles OF snow fences
in addition the large amount OF snow fences put up
last year The experiment thus far the winter shows
NIT our road can be used without any serious hinder
a. OF obstruction from The SHOWS OF the present
been the past winters, ana we nave
instance ODStIucted over "a hours Our Su
rntcudeh is confident that We can keep our rOaO AS
zee from obstruction 10y are the roads OF New
,ngand and New-NOrk. The express business over our
J nad fully investigated during last summer ana
came Tie conclusion that IL would be Tor the
% { interests OF road 10 dissolve our cOnnec-
tion with Wells Fargo d Co.. and do TINS business our
seveS The results of the change have been 10 increase
our receipts about 80 per cent above what We re-
eiyed from Wells Fargo Co For the purpose OF utll-
Izing our telegraphic line have made connection
NTH the Atlantic and Pacific Telegraph Company,
through which getting large portion OF our tee-
graphic Free aud have the expectation OF real-
Az a handsome income from the $3g5OoO or stock we
receive from the Atlantic and Pacific Telegraph Co. FOR
e. use lines for commercial purposes, should TINS
Company make a connection with the Central racine
( mpaHy, they now expect 10 do, ana secure lar
ne OF the California business The earnings Of our
months reported since opened amount to
,SJOO0 We anticipate that the gross earnings OF our
the ensuing year Will reach S2OOOOO ana saIl
IOt be surprised should they largely exceed that sum
The from this Will pay all our interest WIN
handsome dividend our stock, Should We not heeu
at Tor Improvement upon our road