New-York tribune., 1868-03-26

excitement among borrowers and the extreme
pressure seems TO have passed. Commercial paper
sells at Sal0 for best with very rare transactions
z per cent
Exchange is quoted weak at the following rates /:
London, 60 deys, lG9sGlO9l sight lO93 no. Paris
| long, 517lG51G.; short, 5lJd513.; Antwerp 5.2Oa
5lH; Swiss 5.2Oa5l7,; Hamburg. SGa3G!; Am-
sterdam, 4a4li; Frankfort 1904; Bremen, 794
79s Berlin NAM.
Freights-To Liverpool. 200 bbls Flour on private
terms and ny steamer, 1000 bbls Flour at 2s. 3D.
1900 bush Wheat at Cd, and 1900 bales Cotton at
4a5-1Gd TO London 1900 BUSH Wheat, reported on
private terms.
The general meeting of bank officers held this af
ternoon failed toaee upon henecessityof relieving
the money market through al issue of clearing house
certificates 10y vote of 81 to p. When the question
was first taken the Yeas appeared to prevail, but
formal vote stood as stated This second failure was
the signal for a small panic in Government stocks,
which fell from to per cent. and rush 20 sell
Erie and New-York Central shares the latter drop
ping to 1l7i and the former to Ga followed py SUD
den rally 10 GS and us. The rest OF tne
list sold of moderately, in sylnpainy WIN
these leaders of the market DuI aI Ine
fall stocks passed steadily Hto strohg
hands. The stringency in money has already forced
weak onerotors 10 close out largely contract their
onera+inns and few speculators now remain IN the
field except such are able to protect their enter
prise through any pressure less than one which
yqonld develop weakness in the banks themselves
+, pressure under which the market values of pro-
duce merchandise and real estate would shrink
No evidence of this state of things yet appears and
after a few parties who have overtraded have put
their affairs in ORDER the money market will ease
itself The railways, as mass, are earning enough
to attract capital to their support.
special meeting of the stockholders of the
Cleveland and Pittsburgh Road VIII he held on the
26th to consider the proprety Of increasing the capi
tai stock to represent the earnings used in consruc
tion. That the stockholders viii authorize this step
there is no doubt. The traffic of the company is
large and the corporation III a condition TO make
dividends regularly
The reduction of fares the Erie Road by its
fugitive directors has not added to the popularity Of
the board, except with the bear spectators, who
would gladly see the road made impossible and its
reyonue wholly stopped, if Such n state of affairs
would enable them to cover their contracts at "a
profit As the old rates Of passage are as low as the
road could afford and as cheap IS the public could
reasonably ask, this sacrifice Of the profits is
without excuse The officers Of the company publish
the following contradiction Of statement printed
this morning:
OFFICE OF ERIE RAILWAY COWPANY,(
JERSEY CITY, March ., lHhS.
To TIE PUBLIC: The report In some of the morning
papers, said % have originated AZ Albany, that the
100000 shares OF new stock Of the Erie Railway Company
were issued without the surrender Of an equal amount OF
convertible bonds previously issued ana that the pro
the bonds issued not pad into the treas
ury. is entirely without foundation.
The truth Is that the whole amount Of convertible
hOnds-Sl 0OOJ0O0was issued, ~ We believe legally
and sold and the proceeds were paid INTO the treas
ury OF the Company and dollar Of the stock has
been issued except upon the surrender oi ah equal
"'''''' VI '''' Jonv :. ELDRmGE. President.
ID. DREW, Treasurer
Exports Exclusive Of specel from New-iork 10
foreign ports for the week ending March p, and
since the beginning of the year
1866. 1867. iNGS.
Previously reported. 50,79lU7 E59'.3d2 3G.I2ol2o
Since Jan. .sssuss55 s,G43l.Gi &ss.4C5tgs
The shipments OF Pittston coal for the week end
ing March 21. 1868. are reported as follows:
Tons Tons
By railway l3,s2l To same date le6i.i"'tl
Previously, lsGs....-.- -l02,3l6 -
- Increase. .......-..- lj,jsu
Total. ............. llC,l3l
The CHICAGO Republican of Monday says:
Business during the week ending to-day has ruled quiet
but our merchants generally report steady improve
mcnt The demand for Spring goods s not 30 urgent rs
WAS expected but ts j. due mainly 10 the Tact ti thc
Will tend Ia drit what is called the Spring trade INTO
close proximity with that OF Summer. Money y general
lv reported hc easy hut the demand Tor discount
during the Las been more active. and the tendency
IA toward "A closer market Good commercial anu mtr-
camille Paper is m good demand at discount of 10 per
cent per anuum; but inferior paper - forced on thr
street al I2aH per cent Mortgage loans are steady at
7aS per cent per aunum