New-York tribune., 1868-03-24

Money continues active at Z per cent on best col
laterals and commissions paid in numerous cases
The demand for money from the interior continues
and currency is moving from the city. Commercial
paper sells at Ta9 per cent the street for best to
fair names.
Exchange is quoted as follows: London, GO days,
1893 G1O9. London, sight, 1O9.al10; Paris, long,
5I6i0515s; short, 5I3305.13s; Antwerp, 5.l7l0515;
Swiss, 517iG515; Hamburg 96ld3Gi; Amsterdam,
41t041.; Frankfort, 41afi; Bremen, 79!a79.; Ber-
lin, 1lQ72.
The transactions at the Office of the Assistant
Treasurer were Receipts-For Customs s6IS,OOo;
for Gold Notes. $4,000; Total Receipts, s297SOi4 49,
Total Payments 81 06l 242 2s; Balance, s0OSiSN H.
Freights-To Liverpool, 200 bales Cotton at td.;
and by steamer 1900 bush Corn at sd, $500 boxes
Cheese at 40s. and 1000 bales Cotton at i'05-l6d.
The Erie war presents no feature but it is sta
ted that proceedings are TO be taken against the
estates of the fugitive Directors abscondng debt
ors taking sanctuary in New-Jersey may save
the directors from incarceration but il may not save
their estates.
Over three-fourths of the stockholders Of the
Michigan-SOuthem road have united IN re-
quest TO the present managers 10 continue
in charge of its affairs another year.
At the general meeting of the City Banks to-day
the proposition to take sl0O0O0O Of three per cent
certificates, payable by the Government in legal
tender was rejected by SO TO 1s. The banks did not
feel in need of relief carrying they DO sl9SC00O
reserve above the legal amount. The party needing
relief the Treasury Of the United States, and at no
distant day will be urging Congress to give 1T new
supplies Of legal-tender with which TO meet It's
currency obligations In May, it has $2OOOOOOO
TO $25O000O0 Of compound notes falling due, f0r
which their holders in a Z per cent money market,
4. II ,.f,t tlran
per cent certificates under the act Of March q 1861
There are now $25 10000 of these certificates in use
and under a stringent market they may be sent in
for payment. In June and July the 7J0s fall due
and will be paid to some extent in money. Tho
failure of the banks TO ask for relief of which they
did not feel the necessity produced disposition to
sell Government and other stocks.
The earnings of the Atlantic aud Great Western
Railway the second week in March. were:
ss5,O3 sll3024 Deerease... s27,g5l
An evening paper saws of the Bank meeting:
hn, ne ay " cer,tacate. Il wss announced that Tie
Treasury refused TO let the banks have these cerncae
except three conditions FIRST that these institutions
should apply for them necessary relief; secondly,
that $OO0O at least should he taken thirdly that The
banks should give In exchange os at oo ana compound
notes at par and interest. The meeting was very
large and after discussion was proposed hat lho
banks should accept and the certificates ON the terms
This proposition was lost by OF 80 TO ls subse
ouenty il was proposed that the banks should offer 10
Inv The new certncaes with legal tenders and com
pounds Before this could 20 the vote motion 10 nn
tourn was put and carried The arrangement for tho
present therefore, has been defeated The resul seems
TO have taken almost everybody by surprise as the re
Taxation OF the money market on saturday ana toahy
was largely due the general expectation that tle
Treasury would offer relief In form which the banks
would accept and fully avail themsevesOI some OF the
speakers opposed the issue Of the certificates because u
would tend to infaton and would make money easy at
per cent; others because the money market s easier
today. and therefore the certificates were lot wanted
and one gentleman is said claimed that the banks
do not want relief and ought not to put ~ so
humiating position TO ask for relief especially as
the Issue OF certificates would reduce the iaie O interest
TABLE Of N, Loans Speeie Circulation, Deposits. and
L,1di Tenders Me Banks OfMS Cy Of hcic York JOr
The treek ending SATURDAY. March 2I, 1903.