New-York daily tribune., 1843-02-28

Commercial and Money Matters.

The sales the Board to-day smaller than for some
days past the transactions in Stocks exceeding
$4,000 The market generally depressed, REd The
speculative feeling, which has been nourished by the fac
y with which loans Stocks he obtained from the
Banks within per OF the market value appears
have reached lis terminus. 1t looks the cry would
be, Stand from under" The moment the Sprirg
bn ness increases the Of business paper then offer
ing the Banks will be larger and the loans of Stock will
be called in large amounts will be thrown the market
and in such prices i'll hardly be maintained. The
Improvement has been too rapid have been, TO
great extent he fungus growth OF speculation Ohio Is
declined per cent Kentucky Ii State 6 j City IS u Utica
and Schenectady improved I; Long Island decned Pat
ersen u; Canton !; Stosngton !.
Sales OF good Sterling have been made to-day 81 &c
Francs 5 IS i2A. moderate supply Of Southern bills
has been received
Alabama has been sold today at so discount but there is
very little Offering letter from Mobile has the following
Information;
MOBILE, February II.
Our last intelligence from Tuscaloosa of The 10Th inst
bill for the support of the State government had
been pa ssed 10 which amendments were afterwards pro-
posed the shape Of iseone and upon corpo
raons the object of which is TO maintain the good faith
the State the redemption OF the circulation OF The State
currency, and 10 provide for the interest State bonds
The expenses OF all the banks have been largely dmn.
ed-the directors in each reduced to three wbo with the
President have TO give security in $50 900 eachhe salaries
Directors and Cashier not ts exceed 81 800 each with
clerks, for each bank 81 $50 per As fast
the Issues a-e received in bank they to be cancelled
The bank Tuscaloosa which is the oay survivor
pohbi ed from ai;countng except renewals, md from
dealing in exchange expert sr tie single purpose Of paying
interest on tie State Bonds
The Of the present week up TO yesterday cl
ersbr steady with lair transac tons although m upward
tendency percepnlr Wednesday, drawers refining
up early in the day and n some instances tanning sgat
hst i % , q" vt II, eo d,a tu 80, 90,
nr fer The p1esenottring % I'LL applications the pre-
exsabe market into anethrr furry and outdoor
d:awers generally stopped the lew Transactions which took
place 5eng for snail amounts a, advance OF to 10 per
xraIpE hHarJ nfS
York % 2E and sight s3 So For specie I'd New.
Orleans funds so a 80 asked; Tor Sterling IS asked
Treasury Notes are good demand. several City and
Coup,ry Banks ueing ii narket We hear of sale of
s0o,OOo jersey Bank. The rate is ]; u prem.
About SIS O0o in specie went 10 Mobile Saturday, and
5o0eO Spanish dollars to China.
The following extract OF letter will show the Of
Money affairs at tie West:
Correspondence of The N. Y. Tribune
LITTLE WOODS Kane Co, ILL.,, Feb. 8, 1888
MEssRG. EDITORS. haye at length succeeded in get
ing ho!d of bill hatwill bear transportation from the
Prairie to the Empire Site and be received in payment
for your Invaluable Journal Yon OF the East can form no
corrsStdea o the ebarassenIs and difficulties we OF the
r Vest experience in querce 81 the wan, sose
thing by which 10 measure yalues. We living Lo.
cofoco millennium The hard hearted adyocaes Of hard
money and hard times rejoice witness the rapidly
With which the earnings Of the iaborng many are now
passing into s bands of the money ed iew Our bushes.
Is literally being Gone witt thst kind OF currescy which
W. N''.' Vi -''-'"'", aHA eeaJ anu 1aCo', dn0
job, VIZ and asses and goats and camels Glorious
times these or the man OF dollars Why srs your John
Jacob Asor Like ancient Joseph could pay for our oil
our corn and our cattle, land and ourselves How
ong VIII lhs stale ol things continue! Yours, &c.
The report CT the buditor of OHIO exhibits some of the
richest specimens OF modern inanc erng We have met for
long ae One was connected with lbe operations Of the
Chic arasd Company Incorporated in 1896 TO Construct
road OF III Ells The vho.e track be laid upon piles
The State was 70 loan its credit half the amount setuay
paid in The original subscription 81 s9l ZIG; of
which was paid in cash sl5s8oe in labor lO0C0 and in
lands and ospn lots S5S3776 These were all reported as
the basis Ct ioan-and worth ssss being returned al
s5 coo, that worth $40 S50o9, kc. Stock certificates
issued and lands sold in exchange for them IT,
this way tie Company received from State OC0 more
than they expended which Of ,bey pocAeted And
Tor all this 1penditure The State has eS miles of wooden
supesacture lad rpou piles OF which nearly the whole
is already rotten