New-York tribune., 1867-06-22

! cent, pdNdoIt JWt
The business of the Sub-1reasury to-day was 81
follows: For Customs $4,000; total Payments
sSSS.Sl3 50; for Gold Notes, $4,000; Balance
! slSl 40 SS3 9S Total Receipts. S@9,@0' 81.
The following are the quotations for the City Bank
stocks: a.. po,,,,,,o ,,s
New-York Iiank OF the KepuDnc, ~, m
Mechanics '..........l1s Bank OF North AmerlcaiOs
| America ......... l4l Irving ....-...--.-. u
Shoe ana Leather. .2
Merchants Exchange. no Corn Exchange i9, i5l
Seventh Ward ...-..ll0 Continental H. iys yc
state Of New-York no importers Sonn ana iT'uci'
Mechanics Ass...ll2s loitn Nad,onai 'Y3' Y'
| Ocean ... l0l Tenth National loo
| American Exchange. l15 ] Oriental Bank ..-.l5o
| The annual meeting of the Mcrrimack Manufactur
ing Company was held at Boston on Wednesday
The Trcasurers report shows that the year has been
one of prosperity during which dividends, amount
ing TO % per cent were paid The dividends from the
establishment of the mills had averaged IL 31lOO per
cent annually The reserve fund ut the close of the
wear was S5l5.O79 CT value of cloth and prints on
hand s9CS,62r and the total stock, S54l,@S. Gross
profts of the year. S $50 ca Profit and loss balance
10 the new account $i!5, 100 ~. A new mill Sin pro-
cess of construction which will contain 1900 SPIN
dies SO that when completed the Company would
have about 100000 spindes in operation. About
$4,000 worth of machinery had been added during
| the last six months
The following are the earnings of The Union Pacific
Railroad Company for the past three months: May
sl69O79 GO; April, $4,000: March, s9jOoO
The Boston Daily Adrrtisr says:
The money market continues easy and shows no I'm
portant change in amy Of its characteriscs The de
inand has been but moderately active. ana boiowcfS
whose credit is unqncstoncd have found money easily
accessible favorable terms. tendency 10 closencSS
reported in some quarters Is probably Dut temporary
local causes not generally Operating as the recent d
hurscmes OF currency from the SubIIeasury ana Inc
resulted Increasing the amount Of unemployed capital
in the market Many, however, anticipate greater niih
ness ia the during the remainder OF the inulh
in consequence OF the preparation OF inc banks iof men
4rennenfy recurring drafts OF the Treasury upon The
Government dcpositores In rates there l. no cseiin
cent on coaterals, which is the ruling rate
but many loans out at Per cen, are $ NOT , eanGG n an"
than per cent The banks dScounting for their
regular customers at abOnt cent The best grade of
outside commercial paper is also IN request a C to per
cent and fair quality of business paper Is Obtanabe az
| from u TO per cent
| TIE Cincinnati Gazette Of Wednesday says
Bankers are still fully supplied with paper At rates o.
interest ranging from to u cent The market In
the regular course Is close bni there Is a great dsa cal 9
i'll tine hands OF business men VINO wish 20 Keep u WITHIN
high price OF Government securities IT, To the class TO
which refer inconvenience. These hayo becn very
hss as reached point that leaves room for material
cline whenever temporary holders tgin TO rcalze But
Exchange less abundant to-day. and rates were a
shade better closing at to &c premium buying ana
zoe premium selling. Gold advanced tO lJIi buying
! and 1913 selling.
THE Chicago Tribune of Wednesday says:
There is no change in the complexion Of the money
market aud financial matters Just about the same as
noted yesterday. Business at the banks Is rather quiet,
and the discount houses report only moderate demand
firm with sales from bank TO bank at Csc to 5Oc premium
mO the pST SsaTe @rd o e Sc setting rIIs wfss
and oswegO sight are neglected at discount
| MERCHANTS, Union TXpRTss COMPANY
CIRCULAR or THE EXECUTIVE HOARD AND EEroRr or
TRUSTEES. PUBLISHED ENTIRE, INSTEAD on FEW
ArpnRs, n Y, June 10, 1867.
| To ne Stockholders Of he Merchants Uu,on Express
Company The policy heretofore pursued BY your Exec
ntive Committee Wen known. Disappointed often in
present struggle they have never remitted their efforts
nor doubted OF success Although themselves more en-
and future prospects Of the Company and entirely har-
nonous as TO the eonrse TO be th preferred re 70
decision Of the Board OF Trustees. They therefore
at t Sevfad sees o. 0nd o ne bah I d 10 them n
every fact connected with the the, COMPANY: me IIe
| has received the unanimous concurrence of the
Executive Committee. We frankly confess that success
necessnaed the dminuon OF the cash reserve in the
Treasury below the amount required by the letter and
leyed by Trustees TO violate the trust reposed by the
soshoders n the Executye CS%mtee which We in
measure Of exerons has been determined rather by
wisdom We have proposed and now propose 70 meet
that desperation by corresponding efforts. The en-
durance OF the Merchants Union VIII prove amply sii
for the diminishing resources Of the Old MonopOes
Success equal 10 our utmost expectations Is believed to
be not only possible but already assured That assurance,
however presupposes unity OF purpose and OF acton be-
tween the Executive Committee, the Trustees and the
Stockholders. HarmODZing entirely with the views
terained by the Trustees and acting In the letter and
spirit OF the report herewith submitted by them we have
heaed for the purposes therein to make
further call upon the Stockholders. We accordingly
transmit in connection with the report of all the Trustees
the formal call herewith inclosed.
Its gratifying and cheering evidence OF the public conf
the Merchants Union that the receipts OF the Com
pay have gradually and steadily increased from the day
II Oened It's lines and for the month Of May just passed,
exhibit larger earnings than reported by either
Of the OIL companies during any OF the most successful
monopoly and unresraned tariff The official reports
the u s. Revenue officers published, show that the
receipts Of of these formidable Monopoes were
reduced from sSo6,S92, reported Tor the mouths OF
ported for the months In 1867 after the Merchants
Union had commenced business Which latter sum rdr1es
bat about s. 900 from the earnings of Ms Company for me
single month Of Nay, Just passed.
III this deem it well to say to stock
holders that by cOuson OF certain stock obbers In New
York. in the interest Of the old companies few shares OF
the Merchants Union have been from time TO time thrown
upon the market, and sold at nominal figures, In order
10 procure dsparagfng quotations. and no create un-
favorable and erroneous Impressions as 10 s value.
Nevertheless the facts indicated in the receipts OF the
the stock Of s Company iDtrnsicaly worth far
more than that OF the Old Companies.
The already widely extended lines OF this Company
working rapidly and with cemmendable system, pene-
OF the country II s the intention OF the Executive Com
mtee 10 complete at early day projected lnes and
thus reach and accommodste as far as possible all our
BILE rates Our efforts in this direction were recognized
and appreciated by the Trustees Of the Company who
after careful investigation OF its affairs their
| OaaAh