Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1866-03-06
FROM NEW YORK.
Financial.

New YORK, March 5.-The Posts money
article says: Gold opened to-day at 1925,
which is lower price than has been touch
ed since the 23d of May last. The fall since
Thursday is attributed to large sales by
speculative firms and the sensation rumor
that the Government was selling heavily.
Bank statements show decline in depOs-
its, in loans a decrease, and in legal tenders
decrease Of $2S425Sl. The specie has
increased $2,967,779, as the result of the
Government sales of the last two weeks
The banks have lost in legal tenders during
the month of February about $l0000,000,
which have gone to the Sub-Treasury and
represent part Of the amount of gold sold
by the Government The banks are now in
a strong position, as they hold reserve Of
$50 per cent of legal tenders and specie
against their liabilities, besides their large
reserve of available Government paper of
short notes.
The stock market opened dull and irreg-
ular. Governments steady and railroad
shares firm.
The Commercial says: There is decidedly.
more activity in money. The demand for
discounts from merchants is more active,
owing to the growing activity of the
Spring business. The rate on call loans is
generally G per cent. on ordinary collaterals.
are made at per cent. Governments open
ed weak in sympathy with the decline of
gold, but with subsequent rise in the pre-
MUM there was an improvement of "a per
cent. in the leading securities. Foreign
Exchange is flrmer owing to the increas-
ing scarcity of produce bills: The leading
drawers quote 60 days sterling at $l0S34.
Net francks are quoted at $51814@$5.l8%
for long dates, $l.5lM for short.
Destructive FIre-A ccident 10 Gen.
Scott.
New YORK. March 5.-A fire broke out
this morning in the cotton storage estab-
llshment of K. G. Johnston, Bridge street,
extending through to No. Pearl street,
which Is still burning, with every indica-
| tion of the entire destruction of the build
ing. The loss of property so far is estimat-
ed at 100000.
| LATER.
1000 bales of cotton were burned by the
| fire this morning. Loss $500000. The fire
is supposed to be the work of an incendiary.
1t is said discharged employe was heard
to utter threats to burn the building. The
police are in search of him.
General Scott was somewhat Injured, not
seriously, by a fall from his berth on the
trip from Key West to New Orleans. He
recovered slowly and attended church on
the 25th ult., although still feeble.
Important Decision.
Judge Daily decided to-day, in the Court
of Common Pleas In the case Of George w
Black agasnst the Sixth Avenue railroad
that the cents rate of fare is Illegal. The
ground of this decision was that the COM
pany having its charter on condition that
the rate OF fare shall not exceed cents
cannot increase the rate unless authorized
to do so by some paramount authority, anC
that the imposition of the internal revenue
tax of one-eighth of one cent, which tax thu
company may add te its fare il possible
confers no right whatever to collect thu
other seven-eighths.
Trial of TojOr Gee.
New YORK, March 5.-The Tribune
special report of the trial of the Rebe
Major Gee at Rareigh, N. c., says: At tn
rate the examination is going on montl
, or more must elapse before the trial is con
clnded. The counsel for defense have no
titled the Judge Advocate to issue abou
, l2O subpGnaes for witnesses in behalf o
t the prisoner.