The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-01-04

Is evident that compound interest notes have been
paid out freely OF late and this has exerted nfu
ence in producing the prevailing monetary ease.
Petroleum stocks steady At the first board
Forest County sold at &C. Palmer Petroleum 50 25 Pit
hole Consolidated 50, shade River 9oc, BonnehoG Run
$40 65 buchanan Farm 76c First National 4sc Oceanic
&c. Oil Creek 81 e5c., rthoc Crock 81. so, United
Petroleum Farms 45c United States $2l 25 Central s43
Webster 81, Waikiki 81 so AT the second board United
States closed 81 % lower than the board selling
at $24 rs. Bennehof Run sold al SIC 20, Central
$43 25 Empire City 35c Empire and Pthole So 90 First
National 45c, Oceanic 40c New York. Philadelphia and
Baltimore 5oi, Oil Creek 81, Pihoc Creek si2 rs, New
York and Newark Csc, GcrmaniA &c, Webster Ole
Quartz Hill 81 rs, Waikiki 81 g.
The eastern div sion OF the Milwaukee and La Crosse
Railroad, to which referred yesterday, extends from
Milwaukee TO Portage City, distance OF ninety i've
miles, and Is generally considered fortunate that this
part Of the line Is DO released from the custody OF tho
receiver and passed into the hands OF responsible and
practical railroad managers II Is expected that II will
result in early consolidation of interest with the Mil
waukee and st. Paul Railroad Company. for although
the latter company has complete line from Milwaukee,
by way OF WATERFOWL and PORTAGE City TO La Crosse rs
well the HORIZON line TO Fox river IL will most likely
he 10 the interest Of all parties TO unite and consolidate
on an equitable basis.
The annual report OF the Superintendent Of the Bank
ing Department OF this shows that since the pas
sage Of the enabling act Of March o. 1885, hundred
and seventy banks have changed from the State
the national system, besides which twenty banks had
received authority to act and acting under the
national system previously. The year, therefore, wit
messed tc transfer Of hundred and eighty
banks fr tie old to the system In this State alone
Under operation OF the present law 1t requires six
years to circulation account OF any bank but
the national currency act requires the withdrawal Of
tho old circulation To facilitate the final closing up OF
tho Affairs OF these banks, however the Comptroller
suggests an amendment OF Of the laws OF 1889.
The capital invested under the State laws on September
~ 1894 sio7, e4s aud the s0th OF September
las. !, was only $40 showing decrease during
year Of ssG eTs The circulation returned aud de.
suoyed during the year SIC, T2s l7p, which
exceeds by abou, two millions the amount returned IN
1881 The circulation outstanding the 30th Of Sep
'emoer 1865 was s2' la against $40 o35 at the
time In 1854
The fourth quarterly report Of the First National Bank
Of this city shows to tho amount OF s5 e4s
The business at the subTreasury to-day was rs fol.
lows
no,a receipts 90 6s 2l0
psisnea 2032322
:. 65 226, 293
1Vr eus'oWs. ...............s.........
On account OF government loan. ............ 600
Con ceruhcates. OILS 700
The circular Of Coleman h Co OF san Francisco sa,oa
December g. reports thus monetary Affairs in thu,
oi,y:-
The condition Of the money market has no, -nn,cy,
changed since our las, reference There is anVthlne
slight abatement In the demand Tho general inartyity
o. traae occasions a moderate requirement for bust
ness purposes, and there u no longer any excite
ment upon the stock Exchange Most merchants
have done profitable business this year and are how In
comfortable condition Bank acconnodai Ions rue Tor
the most part at IL ak per cent per month and out
door transactions are made at y a2H per cent Cur
rcncy bills the Atlantic for ths steamer have been
onerod al AZ ~ per cent Premium on gold, and cle
EraDhc transfers rule ~ forma vs. uos cent premium