New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-09-28

Altos& + H. ID Mprer. s. Allan: & CT, W lst NJ. Is
Alton& L. II. I'd Inc. So Ohio MIS- 1st Mort. 30
che Cc " is s. t ha 90 9no Ms lst con 90
Consofd per cent, con. ee Peninsula X r. Bonds ~
be sn LS Io c2 st m MI s. is NJ $50 ~ 81
Toi & W I'd Nor "a Mil &st p l. & NJ div OF
Tol. & W. Equip. BIDS. 76 Chic & Ct East lst ~ 78i
Money continues abundant at S95 per cent Gov
ernment brokers paid OFF large amounts to-day. bor-
rowed OF per cent, and the general rate for call
loans on the street, among brokers, was per cent;
although Of the banks report that they arc able
to loan at 5 per cent. The decline of Exchange at
New-Orleans on New-York to ! per cent discount,
will not disturb the present in money bere un-
til the rate declines to per cent discount there is
no profit in shipping. Southern banks and bankers
have no balances here but are drawing against cred
its for the present. @ -
Sterling Exchange was weak, and, although lead
ing drawers continue to ask 100 for 60 day bills sales
of best bills were made at 1885, The receipts of Cot
ton at New Orleans Saturday 2,70O bales, and
we shall soon have full supply Of Cotton bills on
tho market that will tend TO depress both the
prices Of Gold and Exchange. We quote: Lon
dom 90 days. 108i01O9 London. sight. 1099G1O9s;
London primo commercial, 108010Si Paris, long,
5.20051Ss; Paris. short; 5.17i9516!; Antwerp 522s
05.9O; Swiss 522lG5.20; Hamburg 35sG$i; Am
sterdam, 4Ol6i0i; Frankfort, 40.Q40l; Bremen,
79d 79l; Berlin, 7ls0n!. |f.. l. .
The transactions at the Office of the Assistant
Treasurer were: Receipts for Customs $495, OOO Gold
Notes $4,000; total Payments s3,O77,064 81; Bal
ance, s92,39i,s 1884 o. Total Receipts, si14l.463 49,
The Bankers and Brokers Association commenced
operations to-day a Loan aud Trust Company, re-
ceving money from bankers, brokers, and Others on
CALL and allowing interest on the same. 1t will be a
depository for margins on brokers' contracts. The
Association also proposes TO receive and deliver
stocks and Government bonds for the members OF
the two Boards at 10 cents per 100 shares each way
The improvement in the value of the North West
ern Railway and its advance to regular dividend
paying security, under its present management con-
Times to be doubted by large class of spectators,
a. we'll as by investors who remember it only as a
football on the street two years ago. and are unable
or unwilling to see the real value of the property.
The earnings of the road for the first three months
oa'ts present fiscal year were as follows:
a.i:i 5Scs
Less % per ee'' operating 'IpeA ACKNOWLEDGEMENTS. sos soi
Less SIR aoath interest ga bosi, sad leases s16's"
Dividend Of per cesi ou COmaoa aod Preferred
stock s~9llsJ 0....''...,s''..''v lS'~- 2So-'---
.................""".., ss29ils
Last year the earnings a. 10000 for the second
three months and this year they will be rather
than under five millions. In 1867 the operating ex-
pcnses were $685. per cent without the taxes rn'i
G242 with the taxes. The managers anticipate con-
siderable savings this year. and state that the oper
atng expenses including taxes, will not exceed W
per cent AS all the other Western roads managed
for tie benefit of their stockholders have shown
decrease in this direction this estimate is undoubt-
edly well founded. The following is the present
stock. CAPITAL and funded debt of the Company in
Guiding all scrip dividends: Common stock, s4,555-
675 81; preferred stock 1885, s7 Az bonds sl63l-
900; total, 81, 162, 963 o3.
The advance of Reading is stubbornly contested
bv the shorts who have oYersOld it TO such degree
the decreased business OF the road IN the early
part of the season that it loans fat. and is in
active demand for delivery. The tunnages Of the
past two weeks are unparalleled in its history. and
II was nevor in moro fourishing circumstances,
With its enormous tunnages for the balance of the
year It will easily recover Gil that lost In the
early part OF the season. and be in condition to pay
the usual per cent dividend. Its low price. being
from 12 to 10 per cent lower than the other 10 per
cent stocks, has induced heavy purchases, on the
supposition that il will soon advance TO something
near the prices at which it sells prosperous bust
ness.
The railway reports show the following facts rela-
tive TO their earnings: -.
chicago aud Alton
% week, Sept, 1868. s249,647 1861 S0i,eo5
Michigan Central.
nj week. Sept, 1868. .sS,367 10 1901 ..,.Nl0D2 90
The Chicago Republican says:
noacs the condition Of local sssnei.l
ss es m Ss@ s 81 Su"s and x. SsSL. are
,SoSVS Hss S.TP W S,3''d .. sr s b.S Si.oas
earring heavy reported cOse bat these are
The on Of the markets though
tendency 70 ughsBs Of monetary afrt There Sn san
increased cal from he interior for cunsqey and . there nos
Esvivrk Rates VI interest Teual steady 10 per cent
per tes-. =. tsAit.~ -
TABLE Of ne Loans. Spece. Circulation, Deposs aud
Legal Tenders the Banks Of me oily OF Nee York for
ID. linn SlIllr ria krflfIA