New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-07-14

ME- Mich Do n Is, NJ S % i5 Pitts F " 4 Chic Sd 90
S Meh 1922 Gsy Pits Pits 90 "a 90 80
al Ger Ter fr SSn iSo SC FITS fGp IS "a % %
Alton 4 r H. adm, Pid SC AT & Ct ". LIST Mig. q
Alton r. II Cd N. Inc. 81 Ohio Miss NJ cons'd So
Chlc. n W. 3 Fund. 100 Mil q st. Panl lst Mtge. "
COnsol'd per cent NJ % Marietta & Gin lat Mt %
Del Lack. W ID NJ. % - ny York n Haycn6s %
Money continues easy at per cent on Govern
ments and 4G5 per cent on Miscellaneous securities,
small borrowers pay the outside rate but the large
houses continue to have more offered at per cent
than they can use.
Sterling exchange closes firm at quotations. Lon
don, GO days, 1lOtG1lOl; London sight, lO!GllO3;
London, prime commercial, 1O9lG1lO; Paris, long,
513s0512I; Paris, short, 510sG510: Antwerp,
5.1G4 G515; Swiss SIG! 9515; Hamburg, 36s GSG!;
Amsterdam, 4l!a4l5 Frankfort, 4lG41!; Bremen,
70.0SC; Berlin, uiG72
The transactions at the Office of the Assistant
Treasurer, were Receipts for Customs S2S7,OOO; for
Gold Notes. 1856 600; Total Receipts, $3,935,44 p;
Total Payments $3219O25 Sc Balance $S4O33 192 60.
Frights to Liverpool by steamer, GOOOO bush. Corn
at sd. An Austrian bark to Lisbon with Slaves at
private terms.
great International Commercial Convention is
to be held in Portland Me-. on the 4th Of August,
the purpose being to consider the various projects
now before the country for increasing the facilities
of intercourse between the interior and Atlantic
seaboard; to urge the adoption of measures TO re-
lieve commerce of unnecessary burdens; and to Sc
cure unrestricted freedom of trade throughout
North America Delegates are expected from all
sections Of the country.
There are no new developments in regard to the
fraudulent alteration of stock certificates. large
number of certificates supposed TO have been issued
to the forger have appeared at the transfer Offices
intact and the whole loss will not exceed s2OO,OOO'
OF which amount about $4,000 falls upon brokers
who sold the stocks for c. W. White ~ Co. They
undoubtedly spoiled large number Of the certiti-
Gates purchased as some Of those issues were badly
done and would not deceive the clerks at the trans
fer Offices Clark purchased $4,000 in gold and that
probably covers all he made by the operation as the
account lie kept bank shows that he had received
currency enough TO pay for that amount of coin IL
is 10 be hoped that this lesson will not he lost to the
members of the stock Exchange but that they VIII
Immediately devise some safe manner OF transferring
stocks so that brokers may not be imposed upon by
adroit scoundrels and robbed of their money. 80
far nothing has been proposed that Is superior to the
old-fashioncd way Of transfer for every transac-
ton on the books Of the company and unless
the boards can harmonic and use the Clearinghouse
TO settle their transactions brokers had better return
TO this method. The transfer officers are willing
and will arrange to issue receipts to parties desiring
TO borrow money on their stocks, somewhat similar
to those now used 10y the Trust Company, showing
the ownership of the stocks and transferring IT only
ON the order of the owner and of the party Of whom
the money is borrowed. The books Of the Erie Rail
way are nj the Office for comparison, and full list
Of the stockholders Of the Rock Island Road viii
probably be here tomorrow for examination, but
there IS little doubt that all the altered certificates
are known
The Delaware and Hudson Canal Company have
declared a dividend of per cent, payable on and
after the 1st of August The transfer books will be
closed from the 10th TO the Goth Of July both days
inclusive.
The earnings Of the Central Pacific Railroad OF
California for June $4,000 IN gold, against
slo1 7O2 for the same month last year. Nearly 30
miles are now open for business
The earnings Of the Michigan Central Road Tor
the first week in July, were:
1aes s7sqi3 1907. SCo7G Increase. .tl5ls2
Tie officers Of tho Michigan Central Jackson Lansing
and saginaw. and Grand River valley railroads are soo
10 hold meeting az Jackson for the purpose OF agte'ng
upon plan for union freight aud passenger u'pot pllu
ii J ncnts Of specie from silver City Idaho 10 San
Francisco, for June, were fli3.ec5 q DO bullion
The Memphis Tosi saws Of the non-payment on ne Jy
trustworthy source that tRe Whole trouble @S 5o
Tennessee finances in Ncw-Nork ',y vas VIC WI
Covcrnrueut Of Tennessee. among whom were the
President. ~ railroads n this state who hhu h"
nrovc tine a H. alleged. that the Prcsdcns OF railroad,
which have been 30 generously subsidized bF INC 1"l
~ breeE Tenucssec credit they should Doe hunted down
and their roads sold out oil Their contr9l ~ pn'n ~
possibc. They deserve 40 hNors aud none tA"H'" Oo
gT.Su Teports Of the officers of the Michigan Con
trl Railroad for the year ending May ST. l''7 gre now
g9 anu ,0I 81 bn road for he year have been gross
4
leaving net earnings, S1H,j1o o. These eanhEa Ht tu
t sr. have been less by s2.23 81 Excess 81 net
earuuc- sj Cl0 7Oduung The past ycar9vtr mos q! ,'
nreyos ycar The amount invested in the SINKING inhd
rom the current earnings OF the road. now nmounis TO
the sum Of Slgf125 ~ Inc company oHt7 o
dcbt of any description. Tho funded dcb now amounts
Ia SCI gGsgss 80 less the sinking funds sa,25 .,i
bonded debt sj77j2.9 % caulal sloeh, 80, ,n'n
handed debt and stOcls sl42j063 FI Inc h"hu'u u'h
has been decreased during the year by the conversion 1i
bonds into stock 20 the amount 81 &DoDp Whe nc Stock
has been increased 10 the amount oil no D'''s ls
Vcrtcd and also by the amount OF slO50 OF new stock
being balance unsold on ihe M ~ ~ Tbe Inri ~
e wear has been on the whole satisfactory while thcIo
has been a small diminullon ~ ihe ".%un. VI paS
| sengcr business, winch mas la''H lie o,,o,'ut
parcd with the previous year 10 tl, " ,,t,
Of NG27ls t. There has been an increase ,1 oT
and miscellaneous business. Hg-rcgitnE s4sU. IL me
falling OF IN the amount Of passenger business ~ o
considerable extent, owing 10 reduction OF hs VI 'Ie
Influenced by tht MAUI VI ttV IL, which ratroad
and also extent, To the hapi lu wiz WIN I
- sec,gcr tckcts practice which scnslby Affects mo
revenues OF every company when allows IT, ''' wv, %
rGc n h pernfted Ly competing roads u has been
found possible considerably 10 diminish ihe eAt,s vi
,Corlng the road during the year, and ID cohugn,y
expected that sull better results viii ee hllhneu we
coming year The track Of the road aud its equipment,
! bofh Of machinery aud rolling stock Ids ntsen
| t1iv kept up 10 the high standard when tuIGS
have for 80 many years maintained us passcnsi IN,
jr stool, has been much improved, and the roIu lsc
reTbau h n better condition than at any former peoI
There has been material reduction Oh expenses -
denartmeut The equipment Of the road now CONSISTS
gs ocomOtiyes % trstclass passenger coaches vi
10 arc Pulmaus sleeping and day coaches,
and IA military cars used for transportation OF ~