The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-06-19

Range Since Ja'a l, ls7e-
e saos 1885, old sloss s. SpI - lod n0 Ap
u S. o's, EOS, 1907. 1919 Jan Ill June
u S. SIS lo-4o's. 1857 Apr 20 1884, Feb 10
Now 0s-..... lOa1s JAN 10 1904 Apr
RAILROAD BONDS.
These have shown decided tendency to higher
prices especially arc involved the pres
dangerous competition between the cadiag lines.
Tho St Paul, Northwestern and Pacific railroads all
give token Of fresh confidence in their future On the
other hand the coal carrying roads depressed
rounded with doubt and Tor the moment are offering
little encouragement, either retain old interests
mako fresh ventures In this connection 1t is
proper say that tho Toledo and Wabash
road will protably be reorganized by company,
and il is not impossible that the rights Of the stock
holders may yet be recognized. 1t VIII be remembered
that Judge Chase In the Indiana Circuit Court Lo
ganspor granted stay OF foreclosure proceedings,
upon the Hing Of tho customary bonus, upon tho
grounds that tho allow q sale without
redemption, and that the original complaint de-
fcctive The effect Of this decision TO render the
sale at Toledo the 10th OF account unless the de-
cision be changed At further hearing unless It
can be reversed by the Supreme Court The decree Of
sale requires that the property shall be sold
tIrety and Il DO confirmed by the OF Ohio
Indiana and Illinois. No title be givdn therefore,
until the stay is removed The foregoing proceedings
will account the slightly frmer price Of the stock
w STATE HoxDs
State bonds have been generally nrm tar dealt
in but business chiefly confined 10 Tennessees and
Louisiana consols. The Missouri bonds which
proposals recently received at the State capital
brought fraction above Az premium. Florida gold
bonds brought S. Over 100000 OF the Georgia
State seven per cent bonds sold at premium.
New York took 500, 000 ana the Citizens Bank Of
Geofgia the balance. Comptroller POWELL OF Brooklyn,
invites proposals for the purchase OF 81 500 600 city
bonds The bonds chiefly Brooklyn city perma
nent liter loan and certificates. Some improve
ment has been shown the District OF Columbia IS
bonds owing the introduction OF bill in the House
of Representatives. by Mr. Fernando Wood, to make
standing provision for the interest in the place Of
semi-annual appropriation. Louisiana consolidated
bonds yesterday brought 66A per cont Interest is
now being promptly paid. They represent 90 per cent
by composition Of tho original debt Of Louisiana By
tho amendment Of tho constitution Of the St to Of Lou
isiana ratified by the people, the whole State debt
limited to SIS, 0O0 Tho old debt Is being CONSOLE
dated at the rate Of so per cent and Sl50oo00o pro-
vision will more than cover tho outstanding bonds.
GOLD SILVER MINING
In San Francisco seven mining companies havc
been formed within single week each having a nom-
nal capital Of $1o00O,OOo We fear our California
friends OVERRIDING tho capitaxing business their
evident desire being exceed all the other States and
Territories In their estimate Of values A capital OF
$40 100000 company that has never done stroke
OF work. and whose total property consists of few
hundred feet on q not very well tested lode, is as .
rule times larger than Is permitted by the usage Of
other mining localities The following companies were
organized San Francisco within single week. each
having nominal capital of $40 COO 900 :--cuervo OAR
Consolidated, Cerro Gordo Consolidated, South
Modcc, lnyo Garbaldi and Aodoc Consolidated.
Thus far Bank OF California levied 81 000 900
in assessments An Of rs cents per share
has been laid by the Orc Elmo Aiming Company. The
of the Trojan company have taken OF so per
cent OF their present assessment
on the sth INST tho California company shipped
twcniy-iour Of bullion valued S92 397. While the
mining intelligence from all Western is OF
favorable character II Is wanting those facts and
figures which the Eastern mind hold IN much
higher than mere genoralities
COLORADO.
The gold shipments from Gilpin county during the
month Of May $4,000. and would have been
greater but for the heavy floods. The shipments Tor
the month IN 1875 $s5 00a In the county
named and tho counlies surrounding II machine drills
rapidly coming into Excursion trains run
between Central City and Denver 81 for the round
tiip. An agent has been sent to Utah for the
purpose OF introducing there the Hunt 4 Douglass
at Idaho Springs The Shoe Fly mine sent 1913 sacks
OF ore to the Golden Works last week. The shaft ia
down l07 feet, and the being turned is OF
sufficient value to pay the expense Of development
Reports from Colorado State Mining Company ell
OF continual Improvement In the Lucerne Coliax and
Hubert odes, all The openings showing good
reasonable DEPTH with gold sometimes In Of
silver Tho shaft the Collar IL worked by two
shifts Of men one ght aud the other Tor tho
day
The Cannon Nine miles from Ballarat shows Tree
gold and eliurium in paying quantity at depth Of 20
feet The Eureka has shaft 81 feet deep. with pay
streak ~ inches wide. The Evans and the Northern
Slope tunnels respectively Isl and 1870 ieet
Total OF levels and shafts, 600 feet The Guyaz, sun
beam guch depth Of 80 fcet, has crovicc four
ice with TWO pay seaks, one Of which " said to be II
inches wide aud yielding $500 10 the ton, tho other
carrying cllurium gold which assaycd ST. COO
The Monmouth Kansas Hubert. sudubcrp. Bobtail and
collax all reported as progressing satisfactorily.
RAILWAY MISCELLANEOUS irExs
The Boston and Providence Railway Company are
trying an experiment, laying the aust aorg their
line, and thus has proved success II consists
adcposit Of oyster shells along the road bed The
depth three lncnes II Is that the Cam.
den Atlantic and Camden and Cape May railroads.
when within easy reach OF the great oyster beds
will follow the example.
Tho bonded debt Of the railroads Of Missouri is aoou
$50 900. 600, the annual interest on which Is about
a. 200 ooo Their total earnings So 500 00o
that the their debts calls Tor two thirds Of
their net earnings leaving only about 81 900 as
the entire income OF works tho Of which has been
about si2s oo0,oo
Ala meeting In St. Louis June O. 81 tbs Mississippi
valley aud Brazil steamship Company such action was
takcu and subscriptions made will insure the sue
cess Of erprse. The subscriptions to lie stock
Of The company amount ssoo,ooo and steamers
adapted to the trade between New Orleans and Brazil
arn asAilabc al s.ort notice
De siutrhcr, oi Berlin hos collected Interest
M statlstcs Of raways which snow total