New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-03-14

,,..dny advanced 70 23ls. subsequently rescting to
o. 3ois There is good deal OF street gossip rs to
hoDe; that the Erie Railroad is 10 receive from
49, ,ouosed change OF gauge all of which win I'M
N, reslized 60 greater or less extent; but
-, ~, well 10 reflect that the road heretofore has
=, 10, able 70 earn the interest," on its bonds, ind
~, ,,,,cb more thsn that, IL rs much, change OF
80, viii help it TO- is question 10 DO considered
N.,r,bsscrs Of tho stock Central and Hudson
vol and declined to rs, for the same reason
~, rr;e advanced it being accepted as
' i'"' that what benefited the one
80 +bo o4hsr. For the same reason
.S1t,,, Central advanced to CO, the other
o. Is s,d Ere. through their prominent officials
q. least heinz interested IN TINS company AHo
p-,ocer stocks particularly the ." FauIs were
s,-ong and higher selling at A54 Tor tho Coiaihon
"a sl9s for the Preferred, and closing az ohly 3
,ar cent lower than the best price OF the DAY. Lake
ore startsd Of strong st e5l2 and sold at 10 g. OUT
consequently exhibited fatigue, and on compare
s-,,r lnsine,s declined to 81, reaeting 4 at
the close Union Pacific declined per CENT rom
't,,ni,,, r.rics of CO to SO, the final sale. West
~, IT,, onl, Auctpated between 65osUGSG67lS
,,itb anal ralIy to C75sGG7l2. The trading IL tiiS
80. t,-doy seemed TO he confined almost e1-
5.-;,..l "a that class known as eighth
- Pacific Mail opened weak at 1870
TsT. Int of.er.1arl, On the circulation OF
aor,n vagpo reports thas the Company had
;sd The necessary funds 10 relieve 1t from enpaf-
ras.ment the price rah!ol sharply to 20@i ana
,losed AT 29ls What the Company really has DONE
"a va learn from good authority, is that to-day AZ
,-,oc,,ted to Messrs. S. V. White and b. L. Ham,
ters,ees. bill Of sale Chat was duly recorded 20
doy at the Custom-houSe shis city, OF the follow
,ny tcn stsaaers, to wit Gig OF Picking, City Of
roLjo City OF san Francisco. City of Sydney. City
~ Nevy-York. City of Panama Colon, Acapulco
Granada and Colima, 70 sccure the Company's BOND
Given 70 said trustees for t,OOO,OOO. The mden-
tnrs provides that tho bond shall be surrendered
yybe, tho Company shall have duly signed executed,
and delivered tsn thousand registered OF coupon
boi,ds for 81 900 each, or two millions OF dollars
suob bonds having ten years TO rn with interest at
mar cont Dor annuIn payable on the 18th Of March
and lSth of September in each year. Ii
further provides for the application Of a sinking
frnd. nv recurring the Company TO pay to
the trustees, on the 18th of March, each year
1000 900 IN cash which the trustees are to invest
u, buyng in tho open market the bonds Of the Com
rnny. if as loss than par, or il not to draw %oO
Cs2OO OOO honda by lot. II also provides mat tAe
CosspanV shall keep the steamers in perfect order At
all times and in dcfault Of which, or OF the p&y
nent Of interest or the providing for the sinking
fund for che space Of 80 days, the whole dsD" soa
bs deemed due and then il becomes tie duty Of She
trustees 10 Immediately proceed TO sell the property
for the benefit Of ths bondholders IN tiiis conrGe
ton il may be remarked chat portion OF the STAN
er. named are already subject TO mortgage teid BY
the Panama Railroad Company and by Mr Roach,
and thas there Is nothing IN the ptSsaHt
MORTGAGE or deed Of trust that requires
tho proceeds of the proposed $2,000,C09 tG
he applied 10 satisfaction OF the previous liens. Is is
understood that tho recording Of the foregoing
named document 1RJ hastened to-day b. tAs re-
oeipt Of dispatch from San Francisco 70 the Stsct
that Mr. Henry Hart had commenced proceedings
tasrs az ist tho company to enforce the p"ysisEt
" hi. claim for Sl20 900 as commissions On The sale
tbs japanese limo Tho course of the remainder Of
tho market will he understood by an examination cl
tie table which follows. The business Of the day
amounted 10 the calls OF about 242 000 shares gem
orally ut prices in advance of those prevailing at the
close of business on Saturday The following table
shows the
PIrGB or TIE IaRRET.