New-York tribune., 1871-11-07
MONDAY, Nov. 6-P. N.

There has been nothing doing in Wall-st.
to-day merit special comment and the topic OF CONVEX
sation in bank parors, brokers' Offices and even the
Stock Exchange itself Is the probability of the defeat OF
Tammany and the defeat OF the Ring, at the polls to-
morrow This feeling has been conducive to much queo
in monetary affairs. So far stocks are concerned Tue
general list neglected though tho market re-
tans the strength Of last week. and slight advance mas
taken place to-day There has been exceptional activity
I'm Lake Shore which certainly commanded much atteh-
ton as this the first day that the stock has sod eN
the subscription privilege The stock III the Ola lorh
advanced 1901 1885, with the scrip dividend OF ~
to So the scrip ranging from II to 7S Touching the his
tory Of this dividend, extract the following lom Inc
Ercning Post (money aTtiCle);
The stockholders authorized the directors TO issue; In
their discretion SIS 0OO0OO i'll ncw stock tcrcy rl>h2
the caIita stock Of the company 10 k5OUOO"O Undsr
this minority tie directors dele gated thor power to the
executive committee Of three This committee supse
nucnrly decided 20 Issue sliCOOO0 on the Following
FERNS TIE owner Of every hundred shares of th3
stock TO receive forty shares Of the new stock upon INC
& fSI 70 he made as follows 10 per cent Nov
l. 10 per cent Dec l. and the remaining l per cent
on or befote Aug 1s72 the latter after 80 day notice
The method pursued by the stockholders to get this new
stock is as follows The oldstock certificates are pre-
registrars the Lake Shore. and on payment or tIe
cash nstalmens scrip certificate ls ISSUED m
stamping the stock. The payment of the lst OF De-
cember cash instament WI be stamped on tG ScP GER
O$i per ccnO the scrip will he surI@nd'ird ana cer'iI
pttC. OF maid
ia only necessary to present the Orua stock ccrtLcltc
when the first Ilsalimcnt Is paid. 20 put Tor
the mi tory of the issue and the detallS III re-
gard TO obtaining the As to the policy OF making
this issue there Il variety OF Opniol~ lht company
needed money better equip road aud 10 give II aGG
tnnal facilities nspOrtton. The only qrston H.
was the money raised r hc best way Tor I'll" future OI
the Company IL has bULlcu debt Of $ljUUIO all ol
which bears per cent The last lot issued sold for about
par that r. that 10 could have raised
the money needed about cent by Issuing
bonds. Tho Company, however, IN deciding 10 Issue
gtock have pledged themselves TO pay per cent on
Of stock for the purpose OF raising $685. d65
in ash; that H. To say, the earnings of the road VIII
warrant continuance OF per cent annual dlVl-
drnls un The stock The annual chare. to the Com
pnny on the stock provided, rs we said II Ia able 10
keep up It's cent dividends, Will bc sl,lOVO BY
s,uu say S5VO0Dui bonds. the annual Interest charge
would have been S350C0O The cai ial viii stand as
ollys StOcS 49 OOOCJO; bonds. t25OOO OoO-tOtal So
GDOO The trunk road is $40 miles III length the
branches 4I3 miles in length, making total mileage
If lOl3 miles. Tue road, therefore S CapdliZCd ut
about $4,000 per mile. The A66GG6 raised hv the issue
% stock IL 10 USED IN improving the
read. Already contracts lhad FOR lis ucw ucOInO-
lives freight and for :hr construction OF ia
hcs o read double tracking the old nc) between But
faio aud Toledo
After this there scarcely any fra ure OF interest
though there was quite IL little upward spW in ono
and Mississippi while Pacific Aali weak and sold
down to 45. The following table shows tie highest an
l,upst Iuirpa nf net Ne Atuc made