New-York daily tribune., 1865-11-29

The earnings Ot tnr MiCHlgdu 'o"'Ai'i" ''"'
for the third week in November were:
1860 sll4,27s Is64. .slc2,c2O Increase -
The ErcniHg Post says:
The Michigan Southern Railroad Company is set'hng
With the holders OF the guaranteed stock as foNo"s III
settlement Of al claims for back diVldeDns the houo
receive 20 per cent in common stock. On tue co'eI
slon OF tie guaranteed stock that has peen lnls No.
and assenied into common stock, tLo cohp"n! ti'''
ono share of common stock and S3J IN cash Tor ech
share Of guaranteed stock 'urrender'd. mus 'ne
holder OF 100 shares OF guaranteed si"ok Ee'S III
chai ge therefor liO shares oi common s'"'N' ~ ~"
"a 800 casl All settlements and conyorScns are 10 o
made prior to the 18th day Of January next
! TIE Chicago Tribune thus alludes 10 an import
ant diversion of trade from that city 10 ST. LOUIS
consequent upon the high rates of railroad freight;
The subject Of the diversion OF trade from this city,
Oh account of the high rates of feig On The RAILROADS
leading from this cty Westward ~ largely engaging
the attention of COMMERCIAL and financial circics 10
day several Of TIE bankers from the various cities Along
the banks of the Mississippi RIVER irom BnIllngsoh 10
II Pau were in the city. and they all testify 10 tue
fact that roury al the produce Of Iowa anu Minnesota
is now seeking a market at St Louis lie rales "i
freight on :hc river small compared wth the rMc"
CHARGED by the railroads 10 Chicago, and IN TINS way
We are losing only large portion OF the prodHc"
trade OF the North West nut also good proportion oil
the mercantile traffic for Il j. an iueVtabo result lbhl
people will prefer TO buy Ia the same narAet IN "H'on
they sell. ,,
increase m traee IN ills city as the merchants and the
latter cannot suffer without the former being msieTial
injured: but il Is well known that onr IaDroad man
ayers spend 80 n uch OF their time On Walst nanpa
Iating the stock market that iheir vision often oD
scured anl il is duty Of every citizen TO WIPE the
dust from their eyes We trust, therefore. that our
merchants will mite in urging upon the ralroad
ratons OF our State the necessity Of lowering theF
freight tariffs. AT present The rates are outrageous!
high.
A Convention of the National Bankers Of Iowa
and the Board of Control OF the State Bank Of Iowa
was held last week at Davenport, Iowa, the object
of which was 10 establish the rate Of interest in that
: State 1t appears that by the charter Of the State
y Bank of Iowa. the rate Of interest 10 limited 10
per cent per annum; and according to the natona
q banking act the national banks not allowed Il
81 charge more than the legal rate Of interest in th
o States in which they established The result
~ the conference was that an effort will be made a
81 the next meeting Of the Iowa Legislature 10 repea
81 the charter Of the State Bank OF Iowa. This vii
enable the national banks to charge 10 per cent pc
81 aDuum. Under the national bank act they canlo
b charge more.
= The Boston Ifo,rhcr says
Money continues in short supply ard good denan'
at the banks and in the market Lenders ere sSash'
iTo.. .r cent 1r collateral loans OF the hrt class "a
l. higher fates pad IN other cases On longer uue
i aud on weaker case of uctuang shares In the ds
y count rkct there are buyers OF the bes meieah
"a noies having few months TO run az :, and OF th
- lowest grades from to l2 per cent Government Sc
>, curites steady demand FOR investment but Va
= large supply prevents prices from rsing as ioey otner
- wise would Railroad. factory and bank shares ar
= wanted IN small lots at full prices. and there s con
siderable trading in mining and land company stocks
d 4 telegram from san Francisco, dated Nov. %
y quotes stocks as follows: Gould q Curry, $3.50 b
j per foot Savage, $50 bid per foot ChollarPotos
rf s2Sj bid per foot Ophir, sSj bid per foot; Hale
y Norcross 600 bid per FOOT Crown Point $40 bi
2 per foot; Yellow Jacket, 1910 bid per foot
Bclcher $500 bid per foot; Alpha. 5000 bid pc
foot; Imperial per share, sl25 bid per foot; Cal
ID fornia Steam Navigation Company, 60 bid Pc
10 cent California Steam Telegraph Company, 3
er bid per cent.