New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-06-06
FINANCIAL ISSUES.
AMERICAN BONDS NEGOTIATED ABROAD

AMERICAN BONDS NEGOTIATED ABROAD.
A large number of leading railroad men and
stock operators are at the West attending the elections
OF the Rock Island and Northwestern RailroaaS Inc
stock market rather depressed yesterday prices
declining from II per cent along the general list Al
about noon. however, there was gradual recovery OF
from to per cent Cable dispatches report the nego-
tation IN England OF bonds Of the Northern Central
Railroad OF Pennsylvania and Eastern EalIroau Oh
assachuets TO the extent OF eO)GO0 EACH OF tota
Of isO0OO about 100000. This, with the 42ooOVo
negotiated for the wyoming Coal and Iron company
s,OOOOO Of United states per cent bonds nego
tated abroad, makes total Of s90)JooJ OF American
securities taken by foreign investors the majority OF
whom are In England.
bill in chancery has been fled in the United states
Court Des Moines Ia asking for foreclosure oil tue
first second mortgages OF the Central Railroad COM
pany Iowa. and appointment Of receiver pend
ing the decision H. E. ]. BOardman, a. Lynde Charles
Alexander E. B. PAGE, A. W. Spence. Sophie W. Dana
aud Quincy a. Brown OF Massachusetts, JOS wentworth
and Elijah Colburn OF New-Hampshire; Nathaniel
Holmes OF St. Louis and BOG other bondholders are the
complanans It is averred that false representations
made IN securing the funding OF the past due cou
pons that the OF the road IS IN the hands
OF few creditors who solely Interested IN securing
their claims to the prejudice Of the bondhoders ana
that the road IS grossly mismanaged.
IN the recent election Of the Sew-York Central ana
Hudson River Railroad there were three changes
Chauncey NJ. Depew takes the place Of Solomon Drul-
lard William K Vanderbilt takes the place OF James H.
Banker, and Walter s. Church takes the place OF
the late Horace F. Clark Mr.. Depew has been for
years the resident New-York attorney for the road
william K. Vanderbilt is the OF William II. Van
derbt thus giving third generation OF the family
representation in the direction. Walter g. Church was
a warm personal friend OF Mr.. Clark, and las given
much study TO the management Of railroads.
Mayor Havemeyers refusal 10 sign the warrants for
the payment OF the ctys proportion Of the Fourthsve
improvement the subec Of considerable discussion
yesterday In Wal-st. He has been in doubt for some
months as TO the right Of the Legislature 10 impose upon
the city a for the benefit OF private
corporation, and has taken the advice OF simon
stern, which has confirmed him in his views.
The warrant tor May amounting to siSS,2Ss 49,
having been sent TO him from the Controllers office Tor
his signature, declined 10 sign it. message setting
forth the grounds OF his refusal will be published IN
few days. He questioned in regard TO the matter
by TRIBUNE reporter, yesterday, and expressed MS
confidence in the Of his position but said
that II he were error, it would be very simple mat
ter for Mr.. Vanderbilt or the Harlem Railroad Company
10 prove t. and that he should the warrant only on
legal eompulson. II he the mistake could
easily be rectded but II he wrongfuy signed the war
rant II would not be an easy matter TO withdraw lis
name.