The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-02-13


| The Boston 7roreler of Saturday says
Money is active but IL continues In good supply,
and no difficulty Is eXpericnc Il by borrowers In FAR
credit who have approved colateras to Offer In obtain
ing loans on deinand AZ six per cent but on to higher
rates are charged in tho street. Discounts OF prime
commercial paper are made in he open market at eight
rer cent but the transactions arc limited owing 10 the
sarity Of desirable FOR sale. Tho lower classes
Of not arc difficult of negotiate In the stock market
there very little activity in anything, except the fund
ed securities of the United States Tho demand for most
other kinds Of investments is limited to small orders
which arc principally for the retail trade.
The following statement shows the average condition
of the banks in Massachusetts Of Boston, for five
weeks ending Feb 4-tapita stock $40 s2i, 500 loans
and discounts $4l 500, 1927 specie in bank, $500 24
balances In other banks payable demand So 799 S22
total amount due from othor banks 81 $50, 49, total
amount duo to other banks $5l9 4s6 deposits s5l
circulation, $40, s12, 322
The following statement shows tho condition ofsthe
banks of Providence, r. L., the 4th nst compared
with the returns Of the week previous:-
jan %. F'b. a.
Loans. ....."........$ VA, 4S5 600 "a, 269 600
Specie. $40 TOO $40 500
Deposits. ............ b,O7, 800 5,O50,h06
Clrcuiafon .......... q, S2UO 4,0WO0O
The Chicago and Northwestern Railroad earned during
the first week in February s1l2es4 which is $35So0 in
excess of the receipts for tho Same time in 1864.
The comparative earnings Of the Atlantic and Great
Western Railroad during the month of January were as
follows:-
1854. 1907 29S 1865. 1919 III
increase. SllZ 213
We find the following In reference to the deficiency Of
rolling stock the Eric Railroad in Satterthwae's Lon
don circular Of Jan. 25:-
The Atlantic and Great Western Railroad il present
deprived from realizing those large receipts which tho
traffic awaiting its opening ene 1t to expect. 1t IL
clear that the Erie Railroad management Is pursuing
most suicidal policy In not being prepared to take the
business offered to It. Such policy would not for
moment be allowed to rule our English railroads
Were Traffic Of this gigantic character suddenly TO 10
found waiting accommodation at the most distant
terminus of the London and Northwestern Great
Western Railways, should find meetings Of pro-
prietors at once called and capital would be immc-
diaely raised to provide sufficient rolling stock and
of the Erie Railway, II would really appear II the
tage OF large capitalists and for stock obbng ope
ratons Wall street than for the advantage Of the
general body Of shareholders and the best interests OF
the considerable amount Of Erie stock Is
now held In this country Will English shareholders sit
idly byf will they, by united action, akc stops
to fine property from its late bad style Of
and thus double treble their dividends?
II beyond any question whatever that the great
East and West traffic exceeds existing OF trans
port population pours into the fertile States Of the
West and Northwest, tho difficulty will only increase,
but such railroads put themselves In position to
meet the case by providing rolling stock and above
ALL by putting down double track throughout the entire
length that shGntrg and the consequent delays are
avoided such roads and such only, are those that will
reap the great harv est waiting to be gather d.