New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-12-07
LOCAL MISCELLANY.
OCEAN CABLES. NEW AND OLD.
ESTIMATES FOR LAYING TWO NEW 0HbL'e
ru,- N oxrs HAVE LASTED.

ESTIMATES FOR LAYING TWO NEW CAbLee-"'"
The OLD ONES HAVE LASTED.
Estimates for LAYING two new Atiantc caplc "a
he operated when laid in connection WIN .no Iaiu
Gne, of fine American Union Telegraph company
10. hoen received from SIemens x Co.. the I'm
Lsh cable contractors They agree 10 eo, nppmen
the two cables for something less than 1i'ovo,ouo.
Iha,r offer has not vet been accepted because
The nromoters of the new company are awaiting me
rcceipt of estimates from Matthew Gray, OF the
Silver,on Works. The announcement tnt ro cor
turc Siemens & Co. laid the new French cable
within seven months from the date OF the formation
of the company. and it is expected that they Woui
be able to complete the proposed cables IN s,i,l
shorter pcrod. All the ocean cables lald ny TINS
firm are now working executing, the new lre IRE en-
cable which was broken recently: Ihls VIII NC
rcnaired probably to-day the ends having been re-
covered. .,, ho. =. -
The proposal to lay two new ocean cables has At
tractcd attention to the condition OF the caoes
already laid and of the companies when operate
thcm The Anglo American Company mas tnrc &c
cables in operation, IN addition TO tne ElaH"s'l y.
,tei ~ ,be comnany is $1,000 600 divided
INTO three classes of stock: ordinary, go '4oo;
PsGG1e9 So o" a6G dScrSe per SGSs O's
coIdIng 10 the latest report OF the
company's business dividends We're paid on TINS
stock of | per cent ordinary and per cent on
prefrrred o. the cables laid by the company, that
Land IN 1865 was broken March IL, 1873 and una
abandon ed February J. iS!o tnat ian ID i I},
was broken January IS, S77 and abandoned July
o. 1873 The latter cable except the shore ends
was renewed last Summer at cost of f222, 800
it Is now. called tne cable OF lSS Sl
The cable laid in 1873 was broken A l,ma
2. 1879. au1 was repaired III tue same
month A: II is now in operation. NO break mas Net
occurred in the cable land in 1874 OF the three
ca les nov WORKING. which wer' iald by Tue com
many one has been down over six wears aud another
over seven wears. Tue Granger cahie. Wh,Gh Was
Lard IN 1869 WAS broken IN the following May ana
several fi.ues ne sane ACCIDENT uaS occ".lc.
II was lat repaired ~ Angus, ISl9, having ncch
broken February - ~ tbat year, out II M"S "s'rn
broken last month. II is SAID that the caDle so
rotten that no attempt TO repair it Will again be
made. $500. - -, 49, go 10,
zed capital of fl,3O0uO0. OF when a. ZIo,1Vo
has been issued O. uas issued also dcbeuure D1ndS
to he amount of e9G,725 drawing q per cent inter
esr Its cable was aud IN 1874. ana has teeu broken
twice the first time. January 4, 1879. On the ocean
side near Tor bay. aud IN February 1873 IL the Ia Z
Beach and Torbay section. BON breaks were re-
paired, and TIE caUle Is sdld 10 "O H"" 1" s"VN '
dihOn. ,,;. .t, o,
French company. Is ~ 100000 francs us cane
has been LAID about q wear; II was broken May :,
1880 near the Island OF II. Pierre and repaired tAe
same month; the section between Cane Cod ana ~.
T,erro was broken November 81, 1850, ana Is now
repairing. -. I'll, =;
Tie length Of different cables in nautical miles is
nearly as follows; Auglo-Amercan lTeIahG 10
Newfoundland $50 miles, and ron new
foundiand to sydney over 800 miles, a
total distance of abont 2,130 for esGu
OF 1T, three cables the Angio-trehch cable
$500 miles tue Direct L nit d states cable from
hrsud 70 I1rhay and from lOrOay 10 i've Beach,
23G9 DIies aud the new French canle from Bres'
10 OH burg, - 400 miles from 81. fierie 10 zap.
Col $50 miles. and from Brest to Penz nee, l3l
miles: y Ola length OF about 3,46l miles, The
cables which il IL now proposed 10 lay VIII Ne each
about . 400 miles long Ihey VIII connect WIN the
land lines at Cape Breton.