New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-07-16


Sterling exchange was firm at quotations: Lon
don, co days, 1lO.a1lO3 London, sight, 1lOs01lO3;
London, prime commercial, 1O9l01l0; Paris, long,
5.13!a512I; Paris, short, 5.1OsG5.10; Antwerp,
5.1GiG515; Swiss, 516!G5.15; Hamburg, 36b036i;
Amsterdam, 41.04l1 Frankfort, 4Q41l; Bremen,
799GsO; Berlin. 7lQ72.
Erie shares have attracted the chief attention of
operators to-day, selling at G7l9GS!, closing at g.
The street is full of rumors about this property.
1t is understood that Mr. Drew has or will retire
from the treasuTershp, and be succeeded by Mr..
Jay Gould. 1t is also stated that Mr.. Drew has a
complete personal release from all oblig ga
tons connected with the recent suits In re-
gard TO the recent issue of new stock il
is also asserted that much if not all Of it has been
converted into bonds of the Erie Company. The
Board Of Directors has been partially changed, and
now includes Messrs. John Steward and James II.
Barker I'm place of d. S. Gregory and Mr. Drew
names which are ample guarantees of honest admin
straton. II is evident that important changes
have been made in the affairs OF the Company
changes which do not promise 20 damage its value as
an investment OF as a speculation. The transfer
books reopened to-day, and the principal business
done has been TO compare old certificates by
brokers.
The approximate earnings for the month Of June OF
the Pittsburgh, Fort Wayne, and Chicago Railway
wcrc $COl,2ij % expenses SiC937S q; increase
Slg SCI a. being net increase Of $50 4i9 Ga over the
came month last year The net earnings for the SIX
months ending June 90. are sl,2i9,9C9 IS; same
period last year. Sg $40 q; net increase, $i65N 49,
The Home Insurance Company have declared
semi-annual dividend of per cent payable on de-
maud free Of Government tax. The Phenix FIRE In
surancc Company of Brooklyn have declared semi
annual dividend Of per cent free of Government
tax.
The statement Of the Michigan Central Road for
the year ending June l. shows that the saving on the
operating expenses ofthc road equals Il per cent
on tho capital stock
The Standard Fire Insurance Co. have declared n
scmi-annua dividend of five per cent, payable on
demand
Archibald Turner Of Turner Brothers has this day
been elected member Of the Now-York Stock Ex-
change.
The Niagara Fire Insurance Co. have declared q
semi-annual dividend Of five per cent.
The Knickcrbockcr Fire Insurance Co. has declared
n semi. annual dividend Of five per cent
The Cincinnati Enquirer of Monday says:
The business In financial circles saturday was quite
Checking and dcpositing was quite heavy, ana some
houses experienced an increased demand Tor loans.
further reduction u currency balances was generally re-
uortcd hut the supply ls sim ample for an legitimate
purposcs and the discount market IS comparatively easy
would produce stringent market. as balances are con
sidcrany below the ay,rage Tine different nanfnes .,
the demand chiefly for regular business purposes
Rates ~ interest are fair Dcposors are supplied AZ o@
is prr cent according 10 the character OF the paper Ihe
maturrgs today were pretty large Dnt u was genelay
,,rnuptly met though there inquiry for renew
ais 4 considerable amount OF money viii soon be re-
CURED 10 move the crops now being harvfotGa ME-
heavy demand OF currency from the interior Is hhcl
pltcd soon.
The CLicago Republican of Monday says:
The week closing Saturday has been rather more salts
factory financial commercial and mercantile circles
though the volume OF business transacted has been com
paratycly light aud complaints OF the s9Nncss III max
ING country collections continue To be made by hea az
classes ~ merchants The Spring and summer trade mas
been rather light this year as compared WIN previous
years, IN mercantile circles ana eoou business Is aTID
desirable the remainder Of 1868 IN order 10 cquaLo
affairs At he hanks the demand or money Contnuvs
light though slight Increase nom lSaly a Pu .
noticeable over last week, and many firms nave FOUND
necessary make arrangements Win thelr hankes 10
peced and hoped that the farmers VIII come III ana
settle for supplies which th'& nave 0ot on sc Sreu
I'm ihe amount oi oauable funds the demand falling con
sdelnDy f"lt u and m sch oflg ia readily taken at
the current rate ot 10 per cent per annuIn
Messrs W. T.. Wright Co.'s Cotton Circular per China
says: .-
du,g tb sy part week under review toward the close how
he aiyssee Of s,t partially ei and We close iu vim
qae feng q Che 1aa',el gaaIIS ' between pnTer, and
,peeuso Nothing has been done Tor export Some gL,hsr W
ae hvs been made for December delivery " 1' iO' hadHS
% clearance. have been for Liverpool per steamers Manhattan So
denmark civ Of Baltimore 22iTsta 80; to aye steamer Perere
TO- rra steamer Deutschland, III The only freight engagement"
Tie Soahern markets higher 'ni active for Che season IN the
eary part Of the then became tame aad closed decline
vi" H. lss.G. @ e week 1900 b,e. which than hsf vas
s a , s sooG We have ,i o, receipt, 5000
AZ New orleans shall probably have to aid similar
Tor corrections Mobile The additions have been caused ny
'' ERpo !a I i: week Great B,n 1000 bales To France sd
other foreign ports NIL There Is nov ~ u,,,tsts