New-York tribune., 1868-03-19


city:
"FufCIANA PARISH. La, March .. 1853
1--WE think that our merchants are az honest ana Go @
advise you sell TO any OF them credit u Is inposs
of theirs but through the extraordinary condition Of tho
country Crops will fail again tins year. and God only
kno VS. what will become OF the people"
From Northampton County. n. G., another cesro-
spondent writes. under date of March IA:
verify believe all Of the traders in the county are
now. will be, broken with perhaps one or 1--WE
exceptions Language cannot begin tO express te gtea
change that has come over affairs Of this section.
The Chicago Tribune of Monday says:
The local market presents no ne features rhc
demand is steady ON mercantile account ,nere S & AZ IN
Most Of the banks report slight falling on III mercantile
DEPOSITS e e areS nSchnnsed or SewYoE funds %oSo
scarce firm with from bank 70 bank at GO cents
premium closing with more buyers than sellers at tho
extreme figure. The counter rates are unchanged
The Boston AdrGtiser of Tuesday saws:
The increased activity in general trade for the past few
weeks nag Tecd 1e noT GgS m 70 DettY he suro
them day unable TO supply all the demands
ever fairly supplied and borrowers in good
standing find ready accommodation Rates are without
essential variation the ruling rate for discounts being
about per cent.
Upon the dry goods trade of Boston the same paper
says:
Although jobbers have done very good business tho
agents aud consequently trade has been quiet with tho
houses The stock Of cotton goods in obbers
hands Is not large and at the present rate OF demand
must be absorbed. There viii then doubtless be
attempt to crowd down prices, but If cotton remalna
cline except on goods which may have been held above
the market rates.
In view of the frequent fluctuations of money in
Wallst. Mr. John Thompson has written the follow
ing to the Hon. T.. ID. Morgan, of the Finance Com
mittee of the Senate:
notorious that stock operators have repeated
y made raids upon the Money market in order TO win In
their gam bling games Only last week the bears Ers
and locked them up and doing created panic In
Wallst The banks were forced into contraction and
Government securities declined 292i cent These
panics disturbthe whole country II there power yest
ing in Congress TO obviate these troubles should be
for double object First it will be terror TO stock
operators and they will let the money entirely
very panc can take place
The worst that happen to the money market will DO
stocks with wide margin. Our suggestions Pass
mandatory act that the secretary OF the Treasury pre-
pare $4,000 Of legaender notes, and put SD0O0oo
OF them IN NewYork s. In Boston. and $oe00 In
Philadelphia with instruction to the Assistant Treasurer
these cities to loan these notes Government stocks
on call per cent interest, always taking bonds
curty at not than cent OF their value As tho
future loans Of kind, and nothing but legal
tender to be taken in payment OF these loans The
loans win be made only In avery tight time and IN such
emergencies to be the duty Of the Government
10 90 Bank OF England does In the financial
vusons Of that natongve an expansive feature to tho
currency aud break the panics do not propose this
panson OF the currency, but the contrary. believe
Tins measure will make contraction easier and safer mas
The Chicago and Northwestern Railway earned
for the second week in March:
1865 ss9sl6 SO 1861 a. Inc. .t2asTs %
The Michigan Southern Railroad earned for the SEC
ond week in March:
1867 ss6.s95 1868. .sSs.77s Dec. ....-.N.i22
The loss is caused by continued freshets on tho
road