, 1862-05-21
FINANCIAL AND COMMERCIAL.


1QE1QA1 I4F6NIedl 1lA3 ~ I
The continued scarcity Of vcseels In port prevents
the movement Of grain for market, and as conse-
quencc, the demand for money is very light. Ex-
change is plenty, but quotations are unchanged
par buying X selling. Gold is sitter today and
bankers paying ~ and selling for 9A, although
have adhered to yesterdays prices. This rise is
Influenced in part by the New York market, and in
a measure, perhaps, By the decision Of our Su-
p1eme Court that the State taxes mustbe collected
In gold and silver.
Er The Commissioners Of Taxes ofNew York |
have, from opinions furnished them by prominent |
counsel decided that the T,30 per cent stocks held
In that city by banks. corporations and indIvidn-
ais, arc liable to taxation. The act Of Congress
e1empting these and other similar securities from
assessments. can only be made to apply to Federal
taxation. but in order to exempt them from State
or city tax, an act Of the Legislature is required
This decision adds to the taxable property Of New
York over five millions Of dollars, and will make
quite an addtion to the taxable property Of every
city in the country, provided that the Assessors
will decide likewise, and look up the owners Of
the stock.
~ Canada and wisconsin currency begins to
make its appearance again in our city In consid-
crable amounts. Willard & Kean, No. Clark
street, quote Wisconsin 11 per cent. discount,
and Canad. at per cent. premium.
Six PER CENT TWENTY TEAR BoNDs.-It Will be
seen by a letter from Secretary Chasc, published
In ouf locA column. that he has authorized Luther
Haven, Esq, o. S. Depository in this city, to re-
ceive deposits Of United States notes or coin. In
Gums Of not less than $50, on account Of the si1
per cent twenty gear bonds, authorized By the act
Of February 5th, 1859.
| TEE CHICAGO AND BURLINGTON RAnRoAp.-At
the special meeting Of the Shareholders Of the Chi
cago, Burlington and Quincy Road, held in Boston
last Saturday, It was resolved to build separate
track from Aurora into Chicago. and 81 Issue Of one
million ofbonds authorized for this purpose. The
meeting, which was composed for the mot part Of
the Directors and other parties largely interested
against the settlement Of the controversy with the
Peoria Road, voted down the following preamble
| and resolution:
without the sanction Of the STOCKHOLDERS Of this
Company, made certain contracts with the lessees
9f The western division q the Peoria IA a9d oanswEs
and Savannah Railroad Company, mourning liabili
ties to very large extent, md that they propose
extending this road ffom Anrora to ChIca 90;
Resottsd. That It is the opinion Of this meeting
that such liabilities and expenditures were entirely
pany, and greatly to their injury and that the OH
Gers cf this company are expressly prohibited from
making any 1UfEEEI expenditures on account O1 tn
f above mentioned contracts. or from iesuing an.
more bonds until all matters in relation thereto
, and the contracts made with the aforementioned
parties, submitted to the stockholders at the
next annual meeting, aud mill the decision In tn
: controversy DOW pending between the Peoria AM
e Oquawsa Railroad Company and this Company b
9 decided.
! MICHIGAN SOUTHERN AND NORTHERN Inp1AS
RAuRoAD-Thc Directors and lending sharehold
e1e Of the Michigan Southern and Northern Iud
ana Railway Company have determined TO al
fsnfs sas nse tS ae sas
h Mortgage. These overdue mortgages, orgloaH
haTs eesn s,sf eY s;aFIns s4e5
= Mor' gage, to about Il 60 900 will be paid od
an esily hour at par and interest since Let Of Ma
er version On their own account The Sinking Fun
cr being desirable Investment at pat, and are {
u the best drst mortgage liens upon Western Raj
million Of dollsrs, (snd as much more as may
required 70 take np the oEe1dns bonds hss ose be-
Rsp aRa about ruesc1i,ed tht ist Day ri
:. overdue bonds being ont OF the way By this co
Is, ve1riop, there will be no remaining impedime!
road d. o1ef ana above the funded Interest to Il
TO- diaidends OF the Government shar 8. TIE
DIS ehares havc gone up today to 5o 3 eant.-ae
York Tribune.
AuwAuKEx.-TheI Sentinel OF this morning ea5
slo Exchange was shade frmer yesterday. OF rat
~ q currency was more plenty: Some OF the bah
q. allowed customers par for New York sight, q
Aan from thAt to u utecount were tue fallnS 1u}1
rates, Bueines continues quite acttve-mora
h than ntnal at this time Of year, and now that G
change has got down to = polot that allows Q
ip, banEs to us Faete1n cnr1ency It is not likely
be restricted hereafter By scarcity Of funds.
o1A quote
self Buying. Selling
is k1cnahse' 5ssasx a1s;paT gIs1 XXX XXX prs
CkcmnA11.-The Gazette Of this morning 81
Repke7s continue to experiences very ltmt'
rae demsnd for honey, and light as are the dlseo'
hines, In the aggregate, they are still in the
c1intng eesle. Prodnee fs held, for the most p
&W! stoeks Of the leading commodities Il held in