New-York daily tribune., 1843-02-07
MONEY MARKET.
,he s,ock Exchnnae. Eeh. &.
SECOND BOARD.
Commercial and Money Matters.


There fair of business at the Board to-day,
without material change In Skies improved
Kentucky Skies Il Fives fell of Z; Ohio Skies up3;
Indiana Bonds l.
No change in Foreign Exchange; Sterling a 5i
Francs Is.
Alabama much worse, having gone up TO 25 disc The
rates Of exchange most Southern points have ap
nro.irnated nearly par. AT Savannah Charleston and
Augusta exchange NewYork is par and at Columbus
;;sonly per cent premium. At New Orleans II isEa
per cent dDcount
Some OF the Banks taking all the good paper eer
60 90 days at discount and several now
discount the longest paper admitted by their rules at per
cent
70, New York Life and Trust 40 was offered TODAY We
have heard good authority, but officially that the
amount Ncol deficiency already discovered is 1857 oo0
In making up The estimate Of depreciation of stock pnb
lphed time since by The Trustees the real estate OF
Ncoii not we understand considered Whatgveri re-
aIzed from that will be 50 much added TO the assets
The question oil The consutionaty OF valuation and stop
laws about to be tested in the Supreme Court by Ar
thur Bronson, Esq, in suit brough! mortgage FORE
closure against II Kenrc of Illinois.
The Butchers and Drover Bank has dee Jared dividend
OF 81 per cent payable on the 18th inst.
Mooey easy at Boston, coed security but little de-
psnded, from the inactivity in trade.
The Springfield correspondent OF the St Louis Republ
gives the following s5temeDt of the case Macaliser
Sebb;ns of this city which is under consideration of
q Joint Committee in the Illinois legislature:
SIN June, 1911 that house. relying upon the honor and
sz2gc0 10 pay interest due the Grst of July then ensu
bg, upon an bypothecaon OF certain number Of State
Bord which amount was by the terms Of the loan to be re-
turned 10 McAlister Ste5bins in December, 1871. This
dose, aud the Erin left suffer the consequent
arising from failure the Of this State to fulfill
passed law laying special Of each hum
dred dollars OF taxable property in the State, which
the bonds hyPo,hecaied TO McAser seb bins and but
for the existence OF which they would bave borrowed
others and loaned to the State of Illinois, large
amount OF money they did
"Tbis tax amounting TO orty-twO thousand three hum
the 5h e December 1892 was collected and paid over to
fund commissioner. And instead of appropruting
directed BY law loaned IL 10 a railroad
company mercantile firm connected Herewith. 1t may
be that il has been returned TO The fund commissioner
whatever disposition has been made of it, will be brought
light in The investigation now going by the select
committee One thing is very evident, it has been
popra!ed SO lar as bis Wn report or the commun
cation OF MIR. Micalster discoses 10 the object for which,
and WHICH alone, the tax was levied and collected.
"r Macalistcr has made the Legislature proposition
theliqnidaton Of this sacrediy confidential debt which, il
there exists the re.fe SINCE ity in the anlirepudating
spirit now so fashionable here, they mus! accept"
The stockholders OF the Dayton Oho) Bank have been
called together for the purpose of closing up its
finally More than three onrths Of its stock already
been refunded and only about $50 900 Of notes remain
out and aa agent will be appointed pay them ofas
turned This will close the Of Of the soundes
banks In the stale, says the Dayton Journal
KEsTucKY.-A valuation bill passed the House on the
2sh fJan. There is doubt expressed In the Louis
vile Kentuckan as 10 It's passage in The Senate.
The ulinois Appraiscment Law, which has just been
passed. prohibits the sale of any real or personal property
uron legal process, uness it be appraised at its fair and
reasonable value in Ordinary times and sell for two thirds
oihe appfaisenent. If sale effected at the first
Offer other execution issue for year except the
cost of the paailH This is declared embrace all
contracts made before The l OF January, 1872 and all
made after that time in renewal of pre.existing debt 1t
vpfo is in r,aiOp
the megagees sell otherwise. In sales real estate
appaemen does not take away the right Of the debtor
10 redeem under the old law.
The Legislature Of Illinois has passed the put the
State Bank of Illinois into quidation and there doubt
that the bank will accept the terms of the act In this way
the state will be relieved from the payment oil S205OOo0 of
its outstanding bonds.
The bill providing for winding up the Shawneetown
hy compulsory process has been printed ara ald on
Lon Republican ntmass that the result OF the passage Of
THIS bill will bea severe legal conflict be, ween the commits
aoners appointed under and the bank. Whatever may
prove the result Of the lawsuit very evident that the
state will lose million of State Indebtedness toto which
by different course of legislation, might we'll not
have been saved TO the State.
We have previously noticed bill introduced in the House
borrow money the completion OF The canal from the
canal bond holders the pledge of the canal and the
nal lands; with provso that If the canal bond holders
hond.holders are TO have the privilege The
passage Of this bill with amendments has been recommend
ed the committee canals The most important Of these
amendments is striking the provision allowing the
holders of the internal improvement bonds subscribe for
the oa the event of the canal bond holders refusing to
doso and another providing that the canal and canal lands
are alone pledged for The reimbursement of the sixteen haa
S d 10 be % G by @
amount OF between four and FIVE millions of dollars shall
retain all the claims they have upon the State for the
payment Of both principal and interest The bill to be
considered in committee of the whole the 18th Of JAN
uary
Markets-Carefphy reported for Tae Tribune.
MONDAY, Feb. z.
AslIEs-There have been transactions to-day in e.!
ther description worthy OF report Pots dull 25 and
FeaI6 So There appears be entire absence of or
dsss in the market.
COTTON.-Fhe sales TODAY reach about lOnN bales