New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-01-30
s4,ssS3Gl 80


The preferred stock of the Beleulle ana Southern
Illinois Railroad Company has also been added to
the Stock Exchange list also the stock Of the Al
lsntic and Pacific Telegraph Company According
to the Official statement, the authorized captalstoch
Of this Company Sl000O0O0, in shares of 100 each,
of which 81 s9j shares have been issued, while $50
shares are he issued under contract by which tho
Atlantic aud Pacific Company acquires no mites al
ditonal poles and wire, and the Company sti holds
the remaining 124l5 shares. The property owned
by the Company consists of 3,OG5 miles Of pole line
and 7,46O miles of wire, with all necessary equip
ment. This Company also owns controlling in
teres in the Franklin Telegraph COMPANY.
We have just received the 18th annual circular oi
the well known firm of Alessrs. ThOs. Denny ~ Co.,
bankers and brokers, containing much valuable H.
formation concerning Government bonds, State
stock bank stock railroad and other securities, also
a carefully compiled table showing the highest and
lowest prices for each month in the year 1873 Of Gov
eminent bonds, State stocks and the otn.r leading
securities which are sold at the Stock Exchange.
II il stated that at meeting Of the Erie Railway
directors to-day letter from the President was
read saving that he had succeeded in arranging for
the sale of the bonds of the Company Oh favorable
terms and that the Directors granted authority
for contamination Of the arrangement. Aiso THAT
the Board authorized continuation OF Iaynp oi
double tracks and substitution Of iron brldges ioi
wooden ones Mr.. Barlow is reported az Eliminating
that an arrangement for pooling freight from and 10
the West by the Erie, Pennsylvania, and New-York
Central and Hudson River Railroad Companies IL
likely to be consummated.
We hear that the Illinois Central Railroad Com
pany have agreed TO issue f10oO,OO0 (sterng bonds
in goo each bearing per cent interest, and have
taken in exchange for these bonds S5OCOCO OF tho
bonds of the two Southern companies, to "lt: tho
Mississippi Central and the New-ofleans
Jackson, and Great Northern, which they
had previously agreed to purchase by
annual installments. The Illinois teptiai
agree to hold the I per cent bonds in trust, and
10 apply the coupons first to the interest and then 10
the redemption Of their per cent sterling bonds
This sinking fund will retire all the per cent bonds
before maturity. By this arrangement the Illinois
Central has secured connections with the
Gulf ports-Mobe and Now-Orleans-iree OF
cost. and will eventually have IN
their treasury the S5y0o0,0N bonds of the
Southern companies named The earnings OF these
Southern lines from local traffic exceeded last year.
$1,000 per mile. The December traffic was $sI",co,
and we are told that there is increase above TINS
for the current month. The New-Orleans papers re-
mort the arrival of 100 barrels of flour shipped from
Waterloo, Iowa, over the new line, distance "
l,095 miles, without change Of cars.
The Philadelphia stock market is steady Penn
sylvania IS, 1C9; Philadelphia and Ere Railway
25; Reading Railroad. SIT; Pennsylvania Kali
road, 49, Gold, llli.