New-York tribune., 1868-03-16

lt. Il. IL. u
Che .G ~ West'n S. F.. % Peninsula II. Il. bonds. 50
Che n W. int bonds 90 Nil. & st. Paul lst n ssi
CGNW consl. I pc.IM 81 Chicago Nil. lst Mtg IS
Han a. ST. 10 convert 90 lChc. Ct East'n lstM. sat
Del l.. & W. 2d Mtge... "a n. York N haven ds' Sot
Toledo 81 Wab.. Mtg. 81
Money on call was more abundant, and late in the
day balances were freely offered at 6G7 per cent.
The Bank statement shows large decrease in depos-
its and legal tenders, growing out of the Erie war,
but does not the actual strength of the banks
which is better than the statement shows. The
proceeds of the Erie stock were no doubt invested in
Government stocks, and the deposits temporarily
disturbed have again been placed at the disposal OF
the public. In Commercial paper no change.
Exchange is quoted nominaly as follows: London,
co deys lO93 1901 sight 1907 aGlO0 Paris long, 516
G5l5!; short 5l4sG513B; Antwerp 51Ss 9516s Swiss,
51s9a516.; Hamburg, SGaSG! Amsterdam, 4l50
AZ; Frankfort, 4laHs; Bremen, 79sG79!; Berlin,
1361E.
The total imports at New-YoIk for the week COM
pare as follows:
Dry goods. 2o5I 293 s2O2isA s2O57527 s26GO2i3
General mdse.. 2532,o6l 2,729.lso a,o7a77l So762i5
Total. .sl5G3,a55 sl,75a5o3 S5llI,Oo8 s5,7s5A8c
The New York imports of foreign dry goodscompar
as follows:
F +. no-, .lsss;, .gsss,s iss,; ,lSsisa lsSs
s5sss;, 1856 .seiss 1885 So slsc iSSs
Thrown market.... 36S6s,939 2o,GSa553 l526S'6ol
The transactions at the Office of the Assistant
Treasurer were: Recepts-FOr Customs, sj2G,OOO
for Gold Notes, $500; Total Receipts S24l555S 3d.
Total Payments, S9SGGlO II; Balance, $lOjSlS-
523 Al. ooo
bales Cotton at 5-16da3d., and by steamer 1900
bush Corn at Sd. To London, 800 bbs. Rosin at 3s
To Bremen $50 bbls Shoe Pegs at 2s. 3d., go bbls
Rosin at 2s. 3D., and 40 bales Cotton at s.Qsc
Bremen ship. from Philadelphia to Bremen direct
with $500 bbs. Petroleum on private terps.
NEw.loRK CITY nANK t STATEMENTS
Specie ........ s2o7ii25s s5,7H7ol Dec. so69,532
Legal tenders. 5'ol''oA 65iIS'oe6 .s44,ol's
Total reserve. s777al,2u 7I4ss,5e7 .s32f71o
Deposits s2o7757,oso s2ollssTo Dec so5lsGlo
Cireulaton....... Sil5S'9j7 Si2lJ5'i me-. oy,1A
Totalliobiltes s2nsolO31 s295Aos5l Dec .sd,i89lS6
25 per cent res. CoiI52'9 6o''1O.io5
resePye',.. si725s.Gs s5G33lA Dec .sl,62291l
2C9I56G55 2tG.slGo5i Dec s@So'O4
Mr. George A. OsgoOd has been appointed by Judge
Barnard receiver of the money obtained by the Ere
Railroad Company for the recent issue of stocks IL
is not probable that much money will come into his
possession which will dsappoint parties operating IN
Erie. who hoped that the 100000 would be had to
The proceeds of the sales probably invested in
limited States stocks and not taken toNewJersey TO
the damage of borrowers as has been intlmated
This use of the money will commend itself to stock
holders in the Erie who naturally will prefer to see
their money held in this form, pending the action OF
the Courts. The appointment of Mr. Osg0od causes
a good deal of remark. step calculated to inten-
slfy the feeling that the present litigation COM
menced ostensbly TO compel the Trustees OF the
Erie Railroad TO make an account OF their services
was only the cover TO an attempt TO make the Erie
the tool of a rival corporation controlled by a near
relative of the receiver
The prlce olErie shares has ranged from III to 75
I'm its speculative phase the matter may be briefly
stated The party seeking control has loaded itself
with many millions of unproductive property which
must be carried until October. il the Courts do not
in the interval put its holders in possession of the
road. The experience of operators IN Harlem and
Prairie du Chen warns dealers not to touch a stock
thus held. and like those stocks II will be dealt IN
sparingy until the Courts have performed their duty
The following letter is handed us for publications
NEw-YoRK. March H. 1868.
DEAR SIR: Ihnve considered your inquiries concern
ing the large number Of certificates Tor shares IN the Ire
Railway Company recently issued, bearing date on or be-
tween the 80 and 7h days OF March, inst. The legality
~ these issues ia pufed and the officers and directors
who participated therein may be compelled 70 redeem
said certificates IL is not questioned however Dut that
Company and the holders thereof.
In view OF pending litigation. and FOR the present,
deem il advisable that such certificates should not be
rendered certificates but should continue in their
existing form am dear sir yours respectfully a.I,
The conversions of 73Os are large. To-day
81 10000 were converted and the new bonds passed
into the hands of the Erie Railway people, as an in
vesment for the proceeds Of stock sold for the Com
pany.
petition of a majority of the stockholders of the
Chicago, Rock Island and Pacific Railroad Company
for the repeal of the act postponng the election of
directors of the company, representing over 100000
of stock has been presented:
To me General Assembly Of me STATE ~ Io'rn:
Your memoralists and petitioners respectfully repre-
Chicagn t' RocR Island and Pacific Railroad COMPANY
either in their own right trust for their ftends
correspondents or customers To the amount set
opposite their redPecTe nSei 5var5 % bey by snS HStS
Of Iowa, as Is shown by the large sums sums OF money
railroad, aud in other works Of internal improve
men that they feel aggrieved by some poysonsof OF an
act providing for and requiring the early construction Of
the Chicago, Rock Island and Pacific Railroad from Day
naned - that by the terms of said act You provide that
the election Of directors OF said company shall be post
poned until This I'm effect takes from the proprie-
tors sad property the right 10 manage and control the
same for another year that they have already
out Of the management and control Thereon Tor over Two
years the acts OF their agents called the directors ht
they have never been able 10 have stockhoders meet
ing since the company Wls oIHhhIIu" t' 49,, q 49,, y Va
said called directors have lost the confidence
OI the shdfehOlutIa anu
them To be dishonest corrupt, ana eNtraVagant IN ther
mana cement, and guilty OF great wrongs against the
prOpreors; that deepseated Is this feeling that they
are unwilling said directors should longer have the Gus
tOdy and control Of their property.
For these and account OF other wrong dongs
Of said directors, which might be more specifically
charged and stated, the above deemed insufficient
the shareholders earnestly and respectfully pray your
honorable body 10 amend sald act as 10 repeal that
portion OF IL which pOstpOnes the annual meeting OF the
stockholders until June, 1862 and also so To amend said
law as require that the acceptance thereof directed To
sgnifed In writing by the President and Secretary
shall first be submitted 10 and receive the assent OF
majority of the stockholders, at stockholders meeting
4 sI.