New-York tribune., 1868-04-03
the hids for hank shares.

Irving 100 Tenth National. %
Metropolitan 1876 Eleventh Ward. ...-1O3
The following quotations were made for Railway
bonds:
n Y. Cent Ca, 1888 . % ITol & wab. Eqp. Bds. 79i
n. Y Cent. Cs, 1851 49,. "a ct Westn lst 1855. 100
". Y. Cent 6s Sub'n.... el H. g. Iowa lst NJ. 20
" Y Cent 7s, Is76... 1854 Mil Z du Chen NJ. ss
Erie rs 9Th Indorsed ss So Galena Chicago I'd NJ.
Hnd % r r. 7s "a ~ sFls5 10is n j. Central ad Mtge 100
Mich Cen. new ist Miss Pitts 4. 81 Chic NJ. 1888
Mich Cent new, ist N cieye 4 Pitts lth Mtg. IS
ss 1882 ........... I1O lChc. Alt 1st Mort 100
Mich s. y. c. I'd NJ. % Ohio d Miss lst Mort. "
n. Ind, Goshen Line, 6s 20 Dub & Sioux G ist N 70
Alton a f. H. NJ Pref 81 Mil Il st. Paul Ist Mtg. 81
Han & stJos s.LandGts. 100 MI. st. Paul I'd Mtg "a
Tol. & Wash lst Mort. 81 Marietta Gin lst NJ. W
Toi u Wab lat VI. eXtd o. lChcago Nil. 1st NJ. 81
TOl. Wab 2d Mtgo... 81 IN. Y & New-HaVen es' p5A
Money continues as stringent as at any time during
the pressure Gold interest has been freely paid,
and at the price was called cheap money" Gold
has been carried night at per cent, and on the
best railway shares per cent per day was paid with
Il per cent differences stocks turned for 10 days
The pressure has probably reached its hight, but no
be hoped for until statement day has passed.
nor cheap money until the country banks return to
the city the legal tenders required for their state
ments, and for the commercial payments of April l.
Tho experience of the past twenty days clearly
proves that to the clumsy working of the National
Currency act the current pressure can be wholly
attributed The recurrence of the quarterly state
ment has forced the banks into contraction uncalled
for by any weakness in the property upon which
they had loaned and demanded for no object beyond
making statement to the Treasury of very little
value. The restriction upon the issue of cur
rency another prime cause for the recent
striugency in money. Had the National Currency
act possessed the elasticity of the State system.
which allowed the increase Of thoroughly secured cur
reRcy at those periods when the wants of trade de-
manded ii, the pressure would have been avoided,
Government stocks and local securities would have
maintained their market price, and trade been un-
disturbed. The lesson has been a severe one, and
should not bc lost upon Congress IL should secure
currency rcdcemable in NewYork with coin or legal
tenders, with the privilege given TO any national
bank to issue all the currency for which they can
pledge 5Os 50 per cent with the proyiso that it is
redeemed in New-York at sight. Commercial paper
is quoted at a1O per cent, with little doing. Banks
as a rule are as liberal 10 their dealers as they can
be- aud present decent appearance in their quarterly
statement
Exchange is quoted as follows London, 90 days
l09!GlO0. do, sight 1lOdl0B; Paris. long. 516t9
SIS do, ahUrt 5l3,d512t Antwerp 5.l7l@5.l6t;
Swiss. 517ia5.1Gl; Hamburg, 36d36s Amsterdam,
4an!; Frankfort, 40.ail; Bremen, 20. a79i; Bcr-
lin, mar
llb translctlOns NJ tue VUlCc Oh bnc hsSlrldlb
Treasurer were: Receipts for Customs. s3i3OOO; re-
ceipts for Gold Notes, s7lSOCO total receipts $685.
017 IS. total payments, s34529S6 OS balance, s97,
10000 js
Freights TO Liverpool, 1900 bales Cotton at 5-16a
3D.; 900 bbs. Pork at Ss.Gd.; and by steamer, 1000
bales Cotton at 3G7-l6d 1900 boxes Cheese at 40sr
and 1909 bush Corn at I'D.
Elizur Wright. tho most eminent authority upon
the subject of Life Insurance is out with another
letter upon the necessity of national supervision over
these institutions. Mr.. Wright says:
Never since fnaneerng became an art or a science has
respectable and this OF life insurance with
the most noble aud Indispensable object In the world ITS
anding ont II the Government does not in thorough
scientific and comprehensive manner, watch these com
cannot roll away before all the frauds the Treasury OF
which now hear so much, Will he echpsod ana made
insignificant by those Of hfe insurance one ounce Of
prevention now is better than thousand pounds OF
then.
The Supreme Court of Missouri recently decided
case involving very important question OF law re-
atng to liability Of insurers for property destroyed
by fire during tue late Rebellion. The action was
for tho recovery Of $4,000 on hempdestroyed at Gas
gow, in that State while the Rebels were in posses
sion Of that place. The Court held the company
exempt If the fire was caused by the direct act of
the Rebels or was the result of their occupation.
new trial was ordered on the facts OF which thero
seems 10 be no doubt, and the result was tDat the
decision of the other Court was confirmed. Many
cases Of a similar nature have arisen IN that and
other Border States involving very large sums; and
this being the first decision on these points, Will
doubtless interest ALL and particularly those conf
panies that may have policies on property similarly
situated
The usual weekly returns of the condition of the
Bank of England are officially published. aud reach
us by Atlantic Telegraph this evening. There seems
TO be u strong outflow of specie, and the amount in
vault as compared with that of last week. shows
deficiency of G33i, 600 sterling
The london Economist OF the 2lst ult. says in re-
gard to the Money market:
There has been abatement OF those influences during
the week, which ore gradually exercising beueheiai
effect upon the money market The adyices from the
been improvement III prices that there have been
more orders the iron districts, that vitality -
observable in the foreign trade, China and Japan more
particularly The American and West Indian trade, how
ever continues duh We remarked some time since hat
the opening OF the navigation 10 Northern Europe would
trade, and beneficial results may 10 some ex-
tent be looked for, now. that vessels have
having from 80 days three months to rum has been
firm during the at from IL 10 per cent good pro
portion OF the business having been done NJ tile latter
hgure and the tendency still more toward improve
ment for the present than otherwise from two special
causes There Is more disposition shown 10 enter into
new business since the disappearance OF certain dsquet
ing features which until quite recently have caused I'M
easness home and given rise TO feeling ofreuctance
20 allow money beyond call and also In conse
uence OF the advces from certain parts or the continent
being Of more peaceful nature; q Capitalists geuer
their money loan, must perceive that will be to
their advantage, and will stimulate what has tho appear
ance Of being far as can be seen a present. growing
demand not 20 press their money into employment. We
learn, through the French pres-tho Unt0 OF Nantes
that In all the great manufacturing districts The revival
OF work is manifested IN very striking XBnncr, and
that considerable number OF large ships hdv been lad
IA mt fln mart of tlg