, 1880-02-26

et4eA~~~S
line the Vord says:
The new company must have several millions
of cash in hand, and expects round sum In ad-
dition from the conversion Of old Oswego Mid.
assessment-this option lasting five months
longer. The new company's Western connec-
tons are subject Of general discussion. The
Ontario e. Western and Atlantic. g. reat West
e1n. and the conclusion has been trather hastily
one would think jumped ut that the same per
Road, which connects Rochester with the Attain
tic s Great Western. The roundabout cnnnec-
ion By way Of Oswego and the Lake ontarto i1o
by which the Ontario & Western Is to reaca ca
the Rochester & State Line Road, But # d,i;e the
same parties who 3,a contTol tIont,c the Great
Western can really make the Rochester seatf
Line Road part of their SYSTEM the natui1d a',i'd
ay to form the connection would 9e Weetnrn gnarn
crosses the New York Central direcG TO Aocnes
ter, and p,lrsallel TO tho New York Central, at
short distance south Of It; Or il they aeurse rne
to Rochester IN the same manner. Ine sa' ss t1s
in distance, grades, climate. aud fac1ltles 1oE
traffic would BE- very erect aGa and Shic me vold 70
long way towards building the seventy or ~ ~.
miles Of road needed. But We 90 , no5 suppose pts
they have yet secured control OF tue thocAesee1
e. State Line Road
Several subscribers nsk why Secretary Sher-
man IS paying premium for bonds OF lsoo'
which they assume are due These bonds-the
6s of 1S80-are not payable till Dec 81. 1851 anu
Secretary Sherman pays no mofe luz AAeo loa"
they are worth in the market =; ......
A correspondent writes to ask why American
securities are generally quoted higher IN the
London market than in New York onc cause
Of this is the real difference in value. winch
makes it profitable to export American secur1-
ties and American products to the English mar
1.x,% a+lo {c 1iffHTHnEH
the fact that in converting New York Stock Ex-
change quotations into London Stock Exchange
quotations the pound is reckoned worth IS,
while its actual value Is less. Yesterday 1t WAS
but $464kRS4.66a III New York.
In answer TO another inquiry, it was the
Western Bank of Scotland that failed so disas-
trously some years ago.
The interesting fact is noted By the San Fran
cisco Bulletin that the mining dividends paid Mt
New York this month will be larger than those
paid at San Francisco, and yet we are told that
there is no danger that New York will ever
amount to anything as q mining centre Just
now, however, New York stockholders are quite
favored They are receiving fair dividends and
paying no assessments Twenty million dollars,
the New York Tribune says, would be q very
low esrimnte Of the amount Of Eastern capital
invested in Western mining enterprises during
the past year. The Fifth Avenue Hotel is the
mining rendezvous Of this city, and it is safe to
say that one-third OF the men who throng the
main corridor from 7:30 to Top. III. have mines to
sell. Saunter through the crowd, and the words
- mini" ore. !" - shuft" dividend arc heard
on all sides. When two men arc seen sitting
apart, one talking eagerly, with many gestures,
the other listening with an air Of wanting to
hear and wanting to get away, it is certain that
the talker has q mine to sell, and that the lis
tcper is. for the time being, a victim 4