, 1866-06-02
FINANCIAL AND COMMERCIAL,

FRIDAY EvENIxo, June /

FmpAr EvxN1so. June i, 1885,.
Business WIS tu a measure suspended tp.day.
The uosrd Of Trade held no session The banks
were opcu In the forenoon, but closed Al IL m. In
honor Of tho late Gen. Scott. Monetary matters
were unchanged. Al The leading houses there was
good demand for currency to remit 10 tho coun-
try.
Exchange was without any dee!ded change. The
counter sa,es were par bu5!uE and Ito premium
selling. Round lots were PLACID at par By banks
which wc1c .ho.a OF currency.
As there vas no session Of the Gold Board In
New York, vt are without our usual dispatches.
A ps3ya'e telegram WAS received, quo.lng gold On
the ''curbstune" at 140.
The panic In Gzeai Britain tecms to have been en-
tt1rly confined to England. The Giasgow Herald
Of The 18Th instant saye:
VT Is satisfactory 10 krow that in the midat Of
the panc uh,ch has disturbed so dtsa f1ously. and
nc heilssc. Caurelessly the raf1ouS mafkeia of 1he
mon Prosperous, Or their resources more ample
than II pEc: rnt. Trndc vi h u II generally sounds
and in many departments there Is much hftskne.s.
mo.s ct:frely to the STOCK Exchange, where r"nch
yalra.,e property has been thrown gay al prices
pzsF.-tcEuusly below ihcir real worth. and what.
Nhcn il,c etorm Blow by. they will again speedily
lltain.H
-Lasi week The presidents OF the trunk railroad
companies held Eopc Important meetings II New
York. Among those present were Dean Richmond,
OF the New York Central; Thomas A. Scott, ot the
Pennsylvania Central; A. s. ulYeu, OF TIC New
York 4 Erie, and j. ". Garrett. Of the Baltimore
/ Ohio. The freight rates werc settled. aud re*o-
luton adopted after some opposition from the
New York & Enc Company, aholshin. ali COM
missions On tbc ralc or passenger tickets on ana
after the tenth eay OF Iurc next. Th1s will put a
stop 10 all ticket Offices in the city where commle
Eious are paid, and will save large sum Of money
to the roads. The amount paid ont as commission
money has been estimated Is high as $500. 0.O01 q
year in New York alone. II II designed 10 let The
trunk lines manage The passenger business at the
Eas, and the western 11nes to hare cou'ro OF the
eastward bound PASSENGER traffic at lhe West.
We clip the lolloNans relative 10 new Tele
e1nph Company from IN exchange:
rHErARA71oSs FOR ANOTHER '':5ELL '-Wc harc
c1i>cL The nrusQ7ctns OF whit Is termed the "Na
tfonal telegraph CGtnpany, ,F-c4pital $i0.1SU go
IN $lU0 fharcs. 4 great many r.a-ons arc as-cuet
fer The c1prutt ncy and necessity OF nnttnr Iu 0p
ezat,on Ills new hue ofselcc1aph. We do not dis
posi,ne,s any propagation 10 se' ou t.
nj course, It Is to early tn The life o
1tr the transiet OF business or .teond win
10 any other corporation. The prospectus Say
that within one year from the t,u,s tue ctpita
=,ocS i subscribed # II hoped ten Thousand mil ).
sruments. The d,ttc.ors believe thst 33 2 cent Q
tho capital stock Will do this, and ho3c that u
| cent will accomplish It, Capitalists, before snh
| scribfng AID pay1n. The first fustalmcnt of S
cfnt. Will Iook the matter over very caseI1llv. W
do lot hear lint any premium Is offered for III
value hscfrtaiucd. which 1nay not BE- 1a1,c c1ccp
| 10 those who ..tt3Ir out,