New-York tribune., 1874-09-11
WALLSTREET RESUMING WORK.

TALK, HOPES, AND PROSPECTS OF THE OPERATORS.
The condition of affairs in Wall-st. continues
to improve and each day brings new life and encour-
aging prospects The Stock Exchange again exhibits
the activity OF former days. and the revival OF trade
reflected in the daily sales The stock Of
some of the leading railroads Is steadily advancing
The recent action Of the NewYork Central Railroad
Company whereby future dividends to DO paid
quarterly meets with approval, and will doubtless
prove of benefit to the road The frequent excursions
OF the City Of Pekug, and the compliments
lavished upon her, have not failed to keep Pacific Mall
prominently before the public
The first mortgage cent coupon gold bonds Of the
NewJersey and New-York Railway have already been
placed the market An extension of the road Is med
tated through a tunnel at Bergen HILL More than 20
miles already been some time in operation and the
| extension will very soon be completed.
The presence sandtord in the East has already
been referred in TIE TRIBUNE. Again the rumor is
aoat that frequent conferences have been held be-
tween the Presidents Of the Union Pacific and Central
Pacific Railroads and the officers Of the Pacific Mail
Steamship Company with regard to division Of freghts
and tariffs which shall be mutually satisfactory. IL
is said that little progress has been made however,
inasmuch Pacific Mail cannot accede to terms which
are satisfactory to the railroad companies The latest
intelligence is of effort now making by the Central
and Union Pacific roads to the establishment OF
new line OF steamships to be in connection with
the two roads. These vessels to be placed line
from San Francisco China aud Japan, and thus bring
freight from these distant countries to NewYork at
much less tariff than that now established. This plan
is thus only projected but there are indications
that It may carried into execution at no distant day.
The mining interests of California Utah, Nevada, and
Colorado have been prosperous and the advantage thus
derived for the business Of the country Is twofod,
coming first from the production OF specie ITSELF and
next from the larger market afforded for manufac-
lures of the East and for Western produce.
The most active stocks thus have been those known
as the Vanderbilt stocks, especially Lake Shore and
Western Union, Pacific Mail and Union Pacific. The
election is approaching the Western Unon and this
gives a special stimulus to the purchases by
those who wish to control the tickets. There
is also increasing faith in the future payment OF regular
per cent dividends and in the long delayed stock
dividend from the surplus OF upward OF S,OOO,OO or
stock now in possession OF the Company Ii Is known
that Commodore Vanderbilt originally favored Its
dv,son ana believed that it would have been made
some time but for the panic and
was was only delayed for season Of L re-
many now predict The reports from Boston published
In yesterdays papers announcing that the western
Atlantic and Pacific, and possibly the Franklin lines. at
tracted much attention and occasioned considerable
comment. Mr. Oron denied the,n; % ,,,O ,r,,oo
Pacific from tue panic In destroying the possibility OF
building rivals, and refer TO the success attending
the recent negotiations OF their sinking Fund
bonds. 1t is SAID that the net earnings for
the first eight months OF the year-Jan-
nary TO AugusI-are enough for the annual interest
on he bonded debt leaving four Of the best months of
tbe wear 70 earn dividend the stock Last year the
net earnings for these four mouths were as follows:
October. 575 900 december ........ 10000
THIS was almost equal to per cent ON the stock
noticeable that most OF them, as they come back ex
press bush tendencies, and there Is NO DOUBT OF the
desire OF the street TO be rid OF the sgnaon
ani depression which have controlled them since last
Spring