, 1864-03-24
FINANCIAL AND COMMERCIAL.
THE MONEY MARKET.


-. "WEDNESDAY E1ZHNa. March =. 1891.
The active demand for money experiences no dt
intuition. but the supply seems abundant. Exchange
Ia gcFJ closc. QuotationA have experienced no
change, md are remarkably we'll denncd amGns all
the leading bankess-A buying: selling.
Gold went up to-day In New York. The quotations.
at ainerept hours we're fooxs--9 q. m.-1tl: DIS
-ts4A: 1o:Do-1elH; 12:co ln.-1549, 1:oo .. nj.
-16IH: 10 lea; 1:s-t65x; 13o-1s5X; and
closed At the Second Board at 15x Tho market here
opened ut 1853 huylnE, and advanced to clos-
ing at1s. One loio $500 was bought at las. Silver
Ia r, but 10 much infuenced ty The hkh ratca Of
gold. VIC quote the buying price at l5aaia For
large lots Of halves and qrartcEs Isl could have been
obtained. Canada currency il dull 1t 1so@1s. Legal
tenders are 1rmer. 1t Il bu5ing; - cents selling
z :Ml1wAuK1E-Ihe rates Of exchange In Milwaukee
On Tuesday werc f91-5 buying HaH selling. tBusl.
nesa was rather quiet at tho banks without chanee to
speak OF IN tho general condition Of the Market =
RA1racsp CASE Dxo1pD.-Tbo case Of. MyeE l.
stucken Va City Of Auscatne. has Just been decided
By the Supreme Court Of the United Ssatest avor
the plaintiffs This case has been In litigation for
number of years. It Is one Of c,ss OF cases whose
name IL Legion, and grows out Of Euhscrip.
ton By the City Of MuscaIas to aid in
building .the 3tlsslsaippl and Missouri Railroad.
It hhs been carried through the lower u1ts to The
highest Judicial tribunal known in thu land and in
all Of which, until the nral peal the declaona vera
In favor Of tho city. The caur. OF last has
eded that M1scatise1 II laole to the arnount Of
coa, which with interest for 4evcn years, viii car7y
tie liability TO near $euQ,tos.
COMMERCIAL BANK rs. GREAT WKsrKEH ,RAu.
w.Y.-Thc Court OF Appeals for Upper Canada has
rendered decision in this celebrated case, which
hosteen tho subject Of 1itaa,lo for many years. It
will be recolected that the suit WAS brought BY the
bank for the recovery Of about u s0obao Including
interest, alleged to hare been loaned tho Great West
etu Hallway Company to aid In the completion Of the
Detroit and Milwaukee line, but which thet Great
Western Railway Company c]atn was loaned direct
to the Detroit and Milwaukee corporation. The lat.
hA q hnHt nj ia .rEn
should te the lcseEs, the bank that loaned me money
,or the railroad comprny through whose agency It
was borrowed. Tha Court took = sort OF Dosberry
view Of the case and cIded that the loss should be
mutual. and rendered verdict against the
Great Western for e65o,oo0, Just oue-hi1f The
1um 1t Issue. II is intinated tha* till docs
not end the atsue. The Hallway Company Gan have
nav trtai by paying the costs of tho suit and thu
nsnk can have The sams prvi1sEe without tho COSTS
or the Bank can cary the appeal England on Kiy.
Ing bonds 10 pay the costs. Tho Railway COMPANY
If they appeal to England. will have to give a bond
fer The who1e sum lavolved In the suit. which they
I1E BnoAp GAraE Ro17F-The New York World
Of Saturday. in speaking OF the demand for Eric
Railway shares, aays: -
TIL mersmfat e. r. Ene y j S.ssd upSn ths arraa.e
onio I'd MIs:.s!prl i:.lfoad COMPANY to inafs eas
fsa
far the Taluc Of each rcEd iB concerned
4 = s s1s tSss!
sa ;4as hsn aa itx ' wsrn 3se and ri, s' %
pectIon with The Pacific Railroad Company The
trade fSt Louis will bp benefited from tnc strange
ments made by the Ohio Ind Mississippi Raliroad
call Of Ohio Mississippi ccTtidcatea and The sales
Of the first reunr board amounted to sercn hundred
pufeiases @ we're made shedy 81 paFes veil asquain:
jed With the ya!nc Of the stock which they consider
viii rank with Eric when a1l the contemplated 1r-
theFe we're numerous orders to buy but there eaemei
to be but little stock In the markell u =
soETHEES M1NHEsoTA AND RooT RIy4H Rail-
'EoAp.-lhe city Of Lacrosse, through It's Common
Council, has sIgnihed Its willingness to contribute
$4,000 toward the building Of this road. Houston
md Fillmore counties, Id Minnesota, viii each do Is
much laorc, and the Lacfosse Republican thinks that
half million OF fdolIars can be raised. The Legisla
ture Of Minnesota has extended the charter two
yea1s.. The western terminus ofthe Root River road
x1l be st Rochester. and the eastern opposite La
CTesse. -; i -
'cLEyk1Ayp Asp TOLEDO RA1LpoAD.-The Glove
land xnd Toledo Road. aftor paying for new locomo.
1yes and CARS and land for Onion Depot Cleveland
shows about $14 900 esttuAted left hand when the
dividend becomes dae, April sd. ~ large amannt
will necessarily be e1peaded next year ios Additional
equipment and depot buildings and Changes Of track
large majority amounting to nine!teuths> in
interest oi thp old stockholders Of the York e.
change Bank have: decided to close up the present
bank, and organize Under the national bank act The
old bank hal been In successful opctaton snce 1ss1
having returned to Its stockholders In dividends lns
Per cent and hopes to b. able TO declare further df
idend Of 50 per cent. IS soon al its Affairs can bc
wound up. - - :