New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-11-09
THE MONEY MARKET.
TrrsoAy. nov. s-P. VI.


-. o,,o,io,, dov legal holiday. the
hanks, exchanges, Treasury ana CuS'ol, CIV,
xgera closed. and no business was transacted Gu. d
European financial quotations d.
win be found subjoined.
There being no markets to report nor 70 0O.i,
nent mon. this is fitting opportunity
a;ract attention TO several important emu '
which have been conducted so quietly 'ia' M
ystence has almost been forgotten by 1ne Puoi-o'
which nevertheless, making i"Pi ,Per,o
.n.nora frnition. The Delaware Lacka"aiin'
.na westerr's extension, west nom ni"s =.
alongside the Erie road to buhaio' 10
,onstrcted in the most substantial inaiii'i NV 90
ranidly as possible. The Eres eAVenSio 60
Marion. ON the New-York, PennsylVaha anu ~ :,
Atlantic and Great Western road, about 20 mics
O.. 80 Salamanca. to Chicago, is making rapid
ssrogress toward completion. Both OF the enter
-,rises named are familiar to the public, yet IN later
calculations of the future of railway traihc anu
rates they have not occupied the position the"
relative importance entities them to hold
Rut there are two other important enterprises
sbe inception of which received only passing notice
and of the progress that has been made the puot,0
Is in almost blssful Ignorance. The Ne"-ioih
West Shore and Buffalo and New-York, chicago anu
st Louis Railroad Companies are TWO dlstlno' ""o
sndependent corporations, but the western terminus
IF the first named is at Buffalo ana 'he eastern
3erm,nus of the second is also at Buffalo, Inc Nc"
York West Shore and Buffalo road Is 10 s'ar' az
Weebawkep. passing along the west shore OF the
aIudson River to Athens thence over the Athens
n3ranch of the Central and Hudson Railroad
(which branch it has recently purchased, TO
Schenectady, and thence through the MOHAWK
VALLEY 10 Buffalo From Schenectady there is to De
"a branch To Saratoga. The officers of the company
hre very reticent in furnishing information as 10 the
hrogress made ETC. But from an entirely trust
hxortbv source il is learned that the company mas
nurebased of the Ontario and western Coin-
many its road from the junction OF ABOUT
Nit Point down to Weehawken ana al
ATS property. docks ETC.. at the last-named place.
for which il paid or is to pay the Ontario ~ western
COMPANY $40 600, 900 in its bonds and $2'oOo'VOo
in its stock Such progress has been made IN the
construction of the road that it is expected 10 DE
completed in June of next year between Buffalo ana
Saratopa. and to New-York next autumn Equip
ment TO the amount OF $l5OOO,VOU mas oeoh VI
dered and is being built.
The New-York. Chicago q st. Louis Railroad. to
1n from Buffalo to Chicago with st. Louis Branch
has made such progress in construction that 1t is
confdentlv predicted that the line from Buffalo 10
Chicago Will be in operation by July of next year
For n good portion of the way this companys line
rims so near to the Lake Shore road that Its tracks
may be seen from the cars Of the Lake Shore Com
pany This company also has ordered Its equip
,pent TO be in readiness for operations as soon as It's
road is completed between Buffalo and Chicago
The work on the ST. Louis branch will be pushed as
vigorously as that the main line has peeh
Although there is connection OF interest between
The New-York, West Shore and Buffalo and the New
York. Ohio and ST. Louis Companies there Is httle
doubt that satisfactory running arrangements Will
be made between the two. both for passengers ana
freight. so as to make continuous trunk hne IN
fact it is in contemplation to make through line
to the Pacific by connection with the 0hncaso
milwaukee, and St. Paul at Chicago, thence to the
Northern Pacific line, then to the Oregon Railroad
I u Navigation's and thence to the Pacific Coast.
And it is stated that the scheme is So far advanced
that the Pullman Palace Car Company is building
complete set of palace cars expressly for the run
from New-York to Portland, Oregon and to San
Francisco.