, 1869-09-22
MONETARY AND COMMERCIAL.
MONETARY,

TCEsnAr EVENING, Sept q.
The election Of Mr.. Alex Iandcr Mitchell. Of NIL
Haukee, 10 The Presiieuc5 Of the Northwestern
HALLWAY Company teetns to have hAd = decidedly
nniayosasle eject on the price 0f the comp215's
shares, which are now selling at IS for the common
etock and "a to Sc for the prcfered Stock iustcad
Of s. for tho common aud 95 III. the preferred on
the first Of tho month, Thts Ii lower price tha1
Northwestern stock has touched for oyes year,
and. conflicting tue prospect Ut large freixhiing
hut,ncss this fall IN the transportation Of the
abundant Eroin crops Of the Northwest Is lower
than any stEinstncy Of The ,noneJ marEet In New
York ar AMI manipulation. Of Inc STOCK By the
Stock gambling c!,qucs III New York would war-
rant II there were not n,her causes TO help, Eyen
during the setere pressure fot money last J1nc
the lowest price that the common tto:E touched
was IN, nnd thkt ~as oaly Tor day, daring the
time when the rate for money varied from x to Z
Of per cent per lss. 4 rar OF the present de-
cline Is justly attributable to the "heat " feeling
!n tho ttock market auh the late attempts that
have tscen made to tighten the money markets by
"ockluE up " "currtnC5. These attempts how
ever, hssc been ony f9rt1a!ly sucee aasut, a. Is
khown br the general cou.ltton of the New York
money Market, which, though II bAs been tight,
has exprreucett no pressing sttngcncy fof some
months. TIE decline In Northwest s1bret IL un-
oubterls dat in rome measure to the fear that the
COMPANY I r1,a,l4 Are TO ttc made sahsers.cnt 10
,ocal trade Intercst IN Iasor Of Milwaukee, at the
c1rensc OF the +tuckhoicss, but partcu'n"!y that
the We4tern Union Hoaf, ruuhin3 IRON hsclne,
W'tscoEtIu, to Fatpn, Illinois, and connecting
there with lhc 1uNn Division Of the Sosthwcsser1
IsIyoa,.. Is to he capitalized tht3 the North
wc1teru Company. The Nestera Talon tsoa't has
ncvcr paid ccutland Trotah'y nevcr will, as TIA
route fru,n southwcss To northeast throws It out
os The general eaEt aud west course OF ts1tflc IN
The t,e!t Of county, which traycr4ea. it, tetuf-
nus Aj%o II !sarInc gives Il no cAstwarf faN con.
neetiop. It r. Ia fact, nothing without 4 Mwau-
kcc ronntcuon, aid rycn With It, t1ccomc1 1Asal-
wAnkrc rpait. '1lstrRinR into country where tho
natural coArzeO cast anil wrat trafI1c 0nly ir.ss
nrfats It hut not with Il. II Il undoubtedly upon
thts A,HstNc Western t'nisn Isontl limit Milwaukee,
f"tnssr lts hcpc tint all tts rua'sa of tho Eprtn
western COMPANY atr. tu certain extent, IL be
InA.lc sutactScnt ~ Milwaukee ihlcrcata through
the tt,n ptnJa hrw M!wnukee rrcaidrns, who
owns thu Wratsrn ltnsm Non't. Thr3 hare
s,uuhtters rra$.,nc.l that Mr.. Nitahcll wsuta ~
nste tia III ntlra st nnrn'flsabn Western Uu,nn
lluAd rltutr pat knlhelhtaA nr Else iarrfa
ia unluntisni''r link uitu tho Eotlhwrstrrn
Attrh. l.irR nuN President 0f thr Northwestern
airtuIuns. hr rnn tnH,,ncr IN have trrgh. tArli1a
ain, tunt.srs funnrrt,uHt 70 nrrnngrt, ~ 10 draw
N nrul,hi.lrtatlr tprtlon III ahe Hlsr1s uf lhr 1nxa
lnsIst,,l 1t thr Northwestern ntrr the Western
tu,s,n, aud, nccr+lr1tI., tu Aff"xuArt. II, hp~.
s,cr /, IA fu.,fA that ttt' Travelling @ll sillpPlnR
fbr.na NJ plsrss MlIttn thr EA.Insh rn'l* tn LHhe
Nt,rtlcn,l l,e hnH thr 0arr r1nfs' ao GHfaac. All,
La.I,R The E" wauATe 4 NJ Paul trtnE > ~ hh
lnek In hrIr thr game sn't thsrs ths sa@H''A"
r. rtuni- Which Il II snti the enterprise viii 9ic"'
tuat ilrhk It lTi.Vt ktralrRs 10 .raf'i!a'lse sue
Weaftfp l,n,am in shr SusthWrstrfo, aon the
tie. thst ,i,r Wcttrtn tnlu'i connrcts WIN INC
hu,thwrBtetn tt.l,auj rr'als Al t"th ctl''. rIh
At lsArr niEi VI Filt0r. atil at Slfrs In'rftnc"''
aIr ts,xs, VIZ, ClIutun Jaactton. airlo at''i Ffr
tut;. This rrx,llt ut The dFst Ut thc*e
t,sn. Is ,usAs The Wrsseta .tfusan e'osA
tr,llni,Ic tl,fD.h A!~A5h thAt taeru y
IT., ,,u!M n thu sAtnota af thrtf contemplating
Nn,.lA In shst The knrthwfsrtn lls'1f'Na S''tHFa.
nt s,al1h ,o,o whaIrars TIM Western Nason Rn'l
riu. auIru t,tenl t,c tehrntrI II thr arcon'i
,lxn wxx cs,,lrst nu. TIN srthwcAtrfn COMPANY
rnuI.t In raJ1lpsi will nj irllrs VI arpfunta'd
ru.,i hich Il nnm cniJ feeder 10 ha SaEtawaat'
rrb y. ITO u.ryspt pa!nLs anil whull. II eosisnti'
dated. could bu Of 10 Auto hrnrQt 10 tho AaEsn'
wrat~ln Comfauy thAn II v nov.
7nv snontJ. mAskut continues uatesasdl5 easy
.ouo OF tho hautA mosl intimately counhata'l with
1hr or,,n trsdo COMPLAIN Of scarcely Of taudt IL
prtt tho demand, hut A. u Il \ welEkno*a ohah
actsrt&ttc Of tho grain tads thAt IL dnfnAnd'
for uonry on collxtetx1s al EFa!a receipts aaa or
time hills Of excnausc Agslhst shipments, nFo ~
most tnsatlable whichever paa1nefa ActlSo, th'
<ouptzjnt Of scarcity Of tunda at banks Ia hA
linz Of nusne.a Is not suvnrtstux- Al tnany ot tu'
other banks. however. noucJ II eaaJ cnuuga, an'
we know Of Aoue that arc taking considerable pa
mr. from Other than their regular cnstome11.
Thc now OF currency from New York to here
ard from here to the country. Is ess regular thal
Nxas, and nuciu8tnR 10 volume ffom DAY 10 "a
more than It did lass week, though tho dfsan tha
WAY IL tAtrc get. The continued shlpt1ent OF Ie
rA tcntcrs OF large dtuomtnat'ons from Se'
YoEx, 10 responsc 10 the oF'less o. our "es.e1'
mai t.1n