New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-30

ItCtIVtW
| demption. The customs receipts were @i9OOOO,
| and the internal revenue receipts Sl0OOOO.
The following is the Clearing House statement to-
| day! Exchanges, 800, 796905i balances, $3.50
| 075. The business at tine Sub-Treasury coyeTedi
Receipts, S. 1875, i27; payments. $4,3l32O7; cur
reucy balance. $3l, 075,542i coin balance, $l27-
| Foreign exchange was steady at yesterdays de-
cline. The quotations are as follows:
Prime bankers 'ter ns bills dsT Ts,,
GOOD SS i 6anlsrs' and prime com s. @sss "a si
B boSaS 93sfJS'o sdqssi tsspSt
A4 Rl.. Fad 5csPo' 32 S7[ 9s5 *
A%stsgsT ggdsTs ssg.$ a.. u.s. az!
Frankfort relchmerks).....- e4.se s4ta eiSg s's
Berlin (reichmarksl.. s4'sa stas $3.50 sIs
In London, British consols were steady at $3.50
07l5 tor both money aud account, aud United states
bonds were unchanged, except for an advance of g
for the 4i2 per cents American railways were
active and fiuctuatng. Erie common was Il higher
the preferred and second consols each i lower
Illinois Central declined to VI ana Pennsy iYania
to 407sG41. Central Of ew-Jersey and Reading
advanced each i per cent. Bar silver declined
day gained 10000 on balance In Paris, tho
French 3 per cents declined TO $3.50, aud sight
exchange on London 10 25.27l0 francs to the e. =,
The following stocks and securities were ad.
mitted to-day to dealings ut the Stock Exchange
Northern Pacific Railroad-cOmmon stock, 500
600 shares Of the par value OF 500 EACH total,
$40 100000 and preferred stock, $4,000 shares,
S43, 5000 900. Tic authorized capital OF the cons
panv is 500 600 600 divided into 400 900 shares
of common and 80 600 shares Of preferred stock,
The preferred stock is receivable at par for the
company's lands, cast OF the Missouri River, and
~, 600 shares have been so received and cam
celed. OF the common. stock, only $685.
526 shares are yet issued, and the company
owps $4,000 shares of its preferred stock
The company has completed and In operation Of its
chartered line $50 miles. IL also owns by deed the
undivided half Of and operates the railroad from
the junction with the ST. Paul and Dulutl' Railroad
to Duluth. Mimi, "a miles, also owns the control
| nd sfa1r
a completed railroad from Bralnerd. on the main
line, to Sank Rapids, MlnD., 601 mi also owns
the perpetual right to tue Snt use 0 ana a
road. exclusive of sidings operated 10y this
! company, 72O miles. Its equipment is % loc9mo-
! tives, % passenger cara, IL baggage, mad aud
press cars 523 freight boxcars, $50 platform ears,
II stock cars, 100 coal !, ca cars otG.I value q
by Congress to aid Ia the construction OF the road
20 sections per milo IN the States, and 40 sections
per mile ia the Territories, through which the limo
runs. Lands already earned by construction OF
road In the State of Minnesota, 2,9lS,2O0 acres,
IN the Territory of Dakota, 4,972, 500 acres in the
! Territory of Washington and state of Oregon,
268S, 900 acres. Total lands acquired by the cons
! pany, and az to which no question can arise, TO-
| b79,2OO acres; of which there have been
| company has no bonded debt, and a floatmg
debt lbalances) of only $3S5.302. principally for
recent purchases of steel rails besides an indebt-
edness Of 100000 due or before January. ],
1897, for the purchase Of the undivided one,hat q
the twenty -four mics of the st. Paul and Duluth
Railroad before mentioned and which, with interest,
| Is payable in the companys preferred stock. The
work OF construction Is rapidly advancing on th9
| Missouri Division, winch extends from the Mlss0np
| to the Yellowstone River, about 200 miles. Ihe
means for this purpose are provided by the issue OK
| bonds and preferred stock The bonds cannot ex-
coed $4,000 per mile of the DIVISION and they
are secured by first mortgage on that dN sl0n OF
! the railroad aud on the granted lands applicable
| thereto, being very nearly 5,2oOOOO acres, IN the
! Territories of Dakota and Montana. OF these
| hn,d Al
! stock have been offered by the company ana
have been taken for S2.000,000 cash, payable
! on call, and $l.02l, $50 OF which has been
already paid in. Ihese $1,000, 900 OF bonds are TO
be issued 10 the subscribers or their gus ratabY,
rs they from time to time reccN ed from the
Trust Company, anu the " 600 900 OF the preferred
stock on full payment by him or them OF bis sub.
scription, and not otherwise. The cons ruction OF
the Pend dOreille Division " hich eXteuds from the
| Columbia River TO Lake Pend dOreie, 200 mile,
| more or less, is about to be begun the IRON Ior
thirty miles thereof Is on the to the Paclnc
coast IN sailing vessels ne means 70 complete Jug
division to be provided by the issue of bonds no,
to exceed $4,000 per mile thereof, and preferred
stock These boudssre to be secured by airst mort
! gage on that division Of the railroad ard ON the
| granted lands applicable thereto, beng nearly
$500, 900 acres, in the Territories of Washington
and idaho. ana IN the state OF Oregon or thes9
bonds So, coo 0O0 and s 10000 of tie preferred
! stock have been offered DY tho company, ana nave
been taken for 81 0O0, 900 ca h. payable call tho
! first insiamont Of which 10 per cent? vii be Que
Mobile and Ohio Rarosd-53, 2O0 shares stock.
OF the par value Of 500 per share; total, 1920;
| 600 uew mortgage bonds, g per cent pnnelpA
| payable Jnne 1927, in gold coin, S7'cO0,OOOt
preferred debentures. first series, not er
| cceding, $5.50O,0O0 second do, $2O03-
600 third d. 5000, GOO and fourth TO-, S9OOVVV.
| the company has ia operation; Ot man nno '
from tue City of Mobile Ala to the City Of Co,um-
bus Ky, 472 miles; Of branches from Artesa, MSS
TO SCarksyille Miss. (l0) and Columbus Miss. llst
and from Muldon, Mise. to Aberdeen Miss W. 90
miles total number Of miles, 300, with 10 miles .,
sidings. OF the main track 1856 miles are lais
| with steel rails, and contract has been made
| for "a further 1000 tons to be laid next VIII
! ter and Spring. Its rolling stock consists oi
! 80 locomotives. 3S PASSENGER, mail, Daesss'
! and express ears, and 1850 freight cars
viz: OF box 81 stock, 2l0 Hat, 81 ton eo.
! The Mobile and Ohio Railroad passed INTO tuo
! hands OF the United States Circuit Court Ia Msi
| 1873. 1t was found 20 be IN a very dIsorgahiIte
| condition physically and otherwise. During 'no
same period the receivers found II necessary ~, "
make large exceptional expenditures, Wuicu ~,
| ciuded heavy foreclosure expenses, amounting "
| $3.50, 0S7. The foregoing named securities are "
be Issued to retire the old liabilities of the COM
pany The new bonds are secured by morlssskkoe
! 10 the Farmers Loau aud Trust Company upon va
company's main line. The debentqres are seSHIett
by q deed of trust 10 the Farmers Loan ana liHss
| Company covering specifically the lands pncludlhg
over L. 80, 900 acres OF land given by me chiet
Slatosl aud other property not necessary ADl
operation Oh the road, and providing also, SiuAs
! fund INTO which the proceeds nom luc saiyyss
Of lands aud from other sources, as u iuIif
set forth In the deed of trust. are u Ds Pahs
| ana applied TO the eXtlngulshment OF Ne
principal of the dtbentnres IN the oi'ei % IN an
priority, Interest at the rate OF per cent Pct ~"
mum or in mutiples Of per cent, but not eNeeeo'
| inc Der cent IN any one year Ga these deoeptuiob
IL PAYABLE annually upon each series IN the orue -.
their priority, but only II earned IN the preceeT,n5
fiscal year, and Is non. cumulative foi eaih @tVS
of principal money OF said debehturos tue hOioeis
| record are entitled 10 one vote At All lleeuns'
OF holders of such dehentures lwh nc i, es,,nSs