New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-07-24

nrovement noticed Yesterday was almost entirely lost We
"nsactons AZ 30 Ssconnt buying and tie selling bat
exceptional The money market does not undergo
any material change Currency has been coming IN from the
Fest and snarnry through mercantile channels, from the
Interior; but II is sent quite as rapidly INTO .e
in payment for bills drawn against wool shipments ana
partly m exchange Government securities so tat mere
accumulation OF baineesn the hands Of bankers ana te
therefore than sufficient 20 meet n0ueae
demand FOR discounts This the market TO work close
but nj the holders Of good paper experience no M
cuy in having necessary wants supplied az rates wn We
range per 10 being fair quotation for acceptable
names IA tho open market.
At Chicago, according to The Tribune of Friday
There change in the condition Of the money
market to-day with the exception that currency seems 70 De
peuer than yesterday and there Is consequently less oi
generally taken at the banks 10 per cent per- annum bn
Inferior paper is discounted the streets at range OF l@
per per month The supply Of Eastern exchange Is COM
paatyoy light and under gu active INQUIRY ne m4Aet fls
very par buying and LILO premium selling Round lOs
good demand among bankers at premium OF oc per
Ping currency to New-York to meet their drafts
The Emperor Macmillan has paid second installment
900 gold the subsidy cooper month granted
TO the York and Vera Cruz Steamship Line This, as
well as the first payment was made in advance Of the
time stipulated in the concossion which stated that the
line Should be run for II months before receiving any por
ton Of the subsidy This pomptncss is something rare
in Mexican commerce and deserves special commenda-
ton.
The action Of Congress proposing to curta the option
-
eal quarters as small reputation unworthy Of the
Treasury Department. Another portion Of the same bill
is equally open to eensure and that is the provision for
bidding National banks to count compoundneest notes
as part Of their reserve required by the National Cur
rency act As compounds legal tender for their face,
the Government repeal rcpudae that part Of the
contract or be beaten in enforcing the new law; for Ma
tonal banks will continue to hold them as part OF their
reserve and will contest the enforcement Oft the law
The traffic of the Chicago aud Great Eastern Railway
for the second week Of July
leG5 2GsI e. llsCG........s9796I Dec s2sss -
The traffic Of the Great Western Railway Of Canada for
the week ending July %, 1866 was:
lse6 s5i7l5 y is65....sJ3lO 60 Increase. a
The New-York Gold Exchange has adopted the follow
ing resolution: Resolred, That no member Of this
Exchange shall directly indirectly transact business IN
gold publicly on the streets sidewalks, passages to
the rooms of tho Exchange, the Fifth Avenue Hotel
Any member violating this rule shall be suspended from
the privileges Of the Exchange for 30 days This esou-
ton shall take effect on and after Monday, July %.
In the case Of the Kentucky Marine and Fire Insurance
Company ag the Security Fire Insurance Company, the
defendants dcmued to tho petition on the ground that II
set forth oral contract of insurance and that the PAIN
ts under their charter had power to make such Kind
Of contracts Chancellor Pre decided that oral contracts
Of insurance legal and binding, and that there was
nothing in the charter of the plaintiffs prohibiting them
from making them, and that such contract gave the
plaintiffs the right to protec themselves from loss by re-
insuring with the defendants and, therefore oveuledle
demurrer 10 the petition which the defendants excepted
and then fled their answer.
The PottsrRe Journal of Saturday says:
The quantity Of coal sent by railroad this week s ss6 u
BY canal 375po-for the week, 1886 10 nns against
1907 for the corresponding week LIST year The demand Tor
coal good and the shipments are heavy again TINS
week. They VIII continue Until the lst Of August when
tolls will advance The demand for coal however at the
shipping ports ia Stacking off some At several Of the collier
les the men have higher wages The present
Stacking the nand at the shipping ports satisfies US that
tie trade will be comparatively Jll in August -
Tie trade up this follows compared Win last
year; ~ ,Soc
We.k Toto. Wee. Total.
1926 42336,7 2s035 63e2,300