New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-02-07

at 3D. in bulk; COO boxes Bacon at tts 600 bales Cot
ton at "a d. 10 tuns Tallow on private terms. and
100 boxes Cheese at 45QJOs. To Glasgow-GO hhds.
Tallow at 4Os.
The Jefferson Insurance Company has elected Mr..
Samuel f. Belcher President, formerly Secretary of
the Company.
The earnings of the Western Union Railroad for
the week ending Jan. 81 were:
1868 ...s1e4S7 GO 1867 .-.slo56 oe Ss73 81
The Rock Island litigation still halts. 1t is
stated by the party c0ntesting the recent sale
of 40 900 shares that the State of Iowa has power
to legislate in the form indicated by the bill pub
lished in THE TRIBUNE few days since. One
authority says:
II the Legislature should pass this bill 1t might be de-
cared void by the Supreme Court on account OF te pro
ton until June 1869 thus taking the control OF me rgau
ont Of the hands of the owners for whole year. during
value and productveness OF the property section J.
article g. OF the Constitution OF Iowa. reads as io
No corporation shall be created by special laws but
the General Assembly shall provide by general "S lol
the organization all corporations hereafter to be ere
atcd, except as hereinafter provided
And Section II Of the same article further says -,
Subject to the provisions Of this article the General
Assembly shall have power to amend or repeal all laws
ing OF special or exclusive privileges or lmnunes W
vote of twohirds of each branch OF the Genera ~
sembly and exclusive privileges, except az IN 'nis
article provided shall ever be granted"
TIE wEIIs-FARGo EMPRESS co.
To the Editor Of The Tribune
SIR: The annual meeting of this Company for the
election OF directors will take place in few days As
stakeholder, would respectfully request the pres
ent managers through this communication to present
at the meeting clear and candid statement OF the
affairs of the Company. The stock has OF late been
selling at ~ cents on the dollar of its par value. II
this be wholly due to the threatened opposition In
California the stockholders would like TO know the
q, he I'm of
Company and a resulting financial embarrassment
they would like the worst to be told from this cause
also STockHoiDER'
The Omaha Republican says:
bill to incorporate the Idaho. Oregon. and Puget
Sound Railroad Company has been introduced ia Con
BAN Young, and Others and their successors the power
to build railroad from point on the Union Pacific De-
longitude north to Snake River Valley; thence north
westerly to Columbia River Valley; thence TO Portland,
Oregon and thence TO Puget Found. The company asks
for every alternate section OF public nonminerh lands
10 the amount OF 20 alternate sections per ne on eae 90
miles built and also for United states bonds paya
through plain ard $50 through mountain routes for
which second mortgage 10 the United states shan De
gwen the entire road The grants are TO apply
TO branch road not 10 exceed 800 mixes In length con
meeting said road with Montana These grand feeder, TO
the Union Pacific Of immense Importance 10 onaha
They put il in railroad communication with Idaho Mon.
tana, Oregon and Washington, and make II the recipient
OF all their vast trade
The Cincinnati Gd;efte OF Tuesday says:
To-day was repetition Of Saturday intensified in the
money market Large amounts Of currency were sent 10
the country-prncipally southern pOlits-ahu locel
checking was heavy which, with the previous drain on
the National Banks through Treasury drafts mas 80 re
duced the working capital as TO make the market quito
stringent Rates OF interest firm between BANKERS
and their dcposors per cent and not much paper
market also there pressure for loans, and rsclass
paper can be had at l2al5 per cent The exchange
well as by the increased supply Of exchange large
amounts Of which were thrown on the market from
Ifni.k lilo AH mn
par for their current receipts but M the close ho
market heavy at soc discount buying and SOc pre-
MUM selling.
The Chicago Tribune Of Tuesday says:
Local finances present no features worthy of
lengthy comment. Most of the banks report more
out of The usual monthly settlements merchants
and manufacturers The heavy receipts of corn large
bulk OF which il beng held account OF the country
suppers-and the large speculative and shipping move,
for money. The market however shows no change IN
tone. and close feeling Is reported only 10y TWO or three
institutions The bank rate y firm at 10 per cent TX
change was steady and firm at soc premium between
banks Tho counter rates were nnchansed-paf buying
The London EoonOmist Of Jan % has the following
remarks on the money market;
The rate of money Is so low and the inquiry for accom-.
become unmportant The large amount OF notes in cir
culaion AT the present time. beyond the ordinary aver
an indication that the public are undecided as To
their choice OF and prefer s 10 keep
siderable balances In their own hands The extremely
House are further proof OF the extremely restricted
amount the engagements falling due On the 18th and
18th addition made by the falling due OF Aus
tan paper the 18th the clearing had recedcd TO
a lower figure than before, and from which the return
does exhibit any recovery The current quotations
mercantile paper having various periods TO run, ART
rs follows:
80 10 60 days ....................pe cent, l1di
months per cent, IL al.
ITO months bank bils............ per cent, az
4to months trade bills. per cent, 2 az.
The continued glut of bullion the Bank Of France
is noticed in The London Times. as follows:
The further increase Of 81 10000 this week In the bull
lion Bank Of France has raised the total now held
10 Os7Oo0 being nearly half million sterling Ia excess
OF the at that time altogether unprece-
held the end Of December. This condl
Of the Bank l. especially striking, when the TACT II
In mind that the French harvest OF 1901 Ike our
own, bad to necessitate unusually extensive
purchases OF foreign wheat, and propOrtonae outflow
specie favor OF It. The inference Is therefore
vodabe, that the contention now Prevalent throughout
Europe which nation RAISE and perpetuate the
largest ornaments has parayled commerce Ia an extent
never before witnessed and will continue 10 create feel
ing distrust that may be ultimately destined 10 prove
intoerabe, and 10 easy concurrence In any
events that would hold out the prospect OF relief.
| THE MARKETS.
fCaIeialy reported for THE TRiBrSs
THURSDAY, Fen. 4, 1868.
hsHEs-The market IL firm for Pots, at T. 2jass so.
| Pearls nominal.
BUILDING MATERIALS are generally firm, aud a fair
business doing. The closing quotations a. folows
for Common Hard sSds22 for Gro