The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1881-03-23
1Rniiimnre Amerirnnl


To.morrow fto.day1 the question OF the
lease OF the Atlanta and Charlotte railroad
will he considered and probably decided
mon Inv the directors OF The company IN
New York, and the result Is looked Tor
with great interest in Baltimore and Rich
mond. The Richmond and Dlnyille Rali-
road Company and the Baltimore ana OOio
Railroad Company are both deslr0us OF Sc
curing the road, and diminishing was
quite active yesterday. The AtllDta ana
Charlotte runs from Atlanta TO Charlotte,
and is about 2G6 miles in length. IT, clpi-
raj stock is 81 $50 900, the majority OF
which Is held In New York There u
bonded Indebtedness OF about S4.S0O.O0O at
pcr cent, $4,000 OF which have pre-
ference.
1he preferred bonds are quoted at HOO
115. the others at about 105. There are be-
sides about 100000 income bonds, all OF
which have not yet been issued, upon WREN
interest j. paid, "if earned" Tbey were
issued TO the stockholders at 40 last spring,
and dragged along between 40 and 40 Tor
some time, bur recently sold up 10 ", ana
are now S2tGS7, eX , per cent interest," due
Anrii 1st. All the bonds are registered tue
interest being payable at the company OF
fee IN NV York. The majority OF Inc
bonds, too. are held by New YORK, though
Baltimore owns from $3.50, 1000 to cl.OOO,00o'
The price Of the stock in the last hIteen
months has been subject TO violent nuctua-
tons, the general tendency having Deen,
however, very decidedly upwards. In the
latter part OF 1879 it WIS down 10 Sl@9l'oo
ner share. In Janulry, 1880, il solo ut D,
and soon afterwards ran up to 4S. Ihen
il dropped back to II, from whlcu point II
! n
three weeks ago-after which 1t fell 10
Al, advanced again to 60, dropped to oIs'
and wa, last evening $500. There were
active dealings in the stock yesterday, prin-
! .inaily i'm Richmond and New York, though
| Baltimore brokers were Interested IN many
| Of The transactions.
The Richmond and Danyille Rli'road
Company offers to lease the roaG, suarah-
! ieeing } per cent. interest on me stOcN
and The interest on all tie bonds, ~
comes included. IN Richmond the PROPOSE.
| lion i generally approved OF Uhr klcohouu
and DanVilla being Il special iet tneIe, ANU
the buying from that city j. based upon the
belief tbat sucn a lease would iiNoraoiH
affect the Atlanta aud Charlotte >ecur''ir>.
But there are not few persons VINO wouIu
meier a stronger and more certain guaiah-
| ice than that of the Richmond and DanylIle
Comnapy. What the Baltimore ana ONO
will offer i not definitely known. nor VIII
il be until the proposition i submitted TO
the Atlanta and Charlotte directors to-mor-
row. II /. believed, though, that an onor
from the Baltimore and OHIO eycn less @en'
erouS than that OF the Richmond and DIn-
Vile would be- considered with more favor,
The security being boyond question. ana the
business 10 be derived from the BlliImore
and Ohio veIy great. aud hence OF importance
to The sections OF Virginia through Whlch
the road passes. To the Baltimore and ono
the road will be valuable connection, ana
tue virginia Midland road will be very
greatly benefited II it is secured. Inc
washington City, Virginia Midland ana
Great Southern railroad was formed. 1t VIII
be remembered, by the consolidation OF the
Orange and Alexandria, Orange, AIeXan-
dria and Manassas, and Lynchburg ana
Danylle railroads. Many OF the bonds Il
the old companies are overdue, ana on all
NJ them there is overdue interest. Al Dut
les than $4,000 Of them have been handed
in by the holders for adjustment under the
term, OF the new organization, and are neld
hv The Safe Deposit Company IN escrow.
When the Virginia Midland was SOFA re-
Gently under order OF court, 1t VIII De re-
menIbelcd that the purchasers were Me>>rN.
Robert Il. Baldwin, J. Wilcox Brown, ana
Robert Garrett, VINO represented the bond
holders. The Baltimore and ONO owns a
large number OF the bonds, and there Is H.
tie dOubt that the Atlanta aud Charlotte
connection, # secured, Will greatly improve
their value.