New-York tribune., 1869-05-20

Money steady at cal per cent on CALI the oWess
rate was on Government bonds Commercial paper re-
mains unchanged 10 rates Strictly prime names nave
sold at per cent The larger portion OF transactions nov"
ever. was made at per cent.
Sterling Exchange was steady at quotations; Lon
don 60 days. 1921; London sight, llo London primo
commorciaD co days. 1O95 alOoi; Paris long, 5la5l5
Paris, short 5I3l lG512!; Antwerp, 5l7t9516 Swiss,
5l7ia5I6i Hamburg, @G96l; Amsterdam, 4olsiOi;
Frankfort, IoldiOE; Bremen, 7oi; Berlin 7ia72
The transactions at the Once Of tho Assistant Treas
urer were Receipts for Customs s5OCO for gold notes
$1OlcOO; total receipts t6i6,4i6 di total payments
SJC5o23 IS; balance, $si967,659 70.
1t is reported that the Directors Of the Cleveland aud
Pittsburgh Road contemplate scrip dividend OF 90 per
cent and that they win continue TO pay per cent upon
the enlarged capital The Chicago and Alton Is also to
have another large division Of sock-report says from 80
aOO per cont Its managers claim they pay 40 per
cent on the increased capital
The Tmess financial article says In reference TO the
proposed loan the Fort Wayne Road to the Pennsyya
mia Central:
The pending negotiations between tho Pennsylvania
Chicago Company, for the perpetual lease Of the latter
have to suppose have taken tho form uf dls
tinc proposition from the PennsyYama C9mp3hy 70 pay
u per cent per annum In quarterly dividends free OF
SGygrgIt 500 S aHd uUd the Interest ppon it. whole
funded debt including the yearly contribution to sinking
Conpany TO- determine the new basis Of capital upon
winch the lease Is TO bo paid ih3t vs. " % Per cent
S 25OOO0 the quarterly dividends De nj tue Of
per cent per 9nnum or u ll PSr cent should De added
dends to be at the rate - per cent per annun
1t Is understood that the stockholders OF the Fort
Wayne Road are nfayor Of the declaration per cent
scrip dividend, which would make the stock q Govern
ment per cent security. The meeting IS 20 be held Ia
this city during present week, and II is stated that
in addition 10 the scrip dividend the stockholders Of the
Fort Wayne viii receive division Of the cash assets OF
the Company amounting TO about q. per cent
agpTlFl lraU ~ f1lF Agt
York and Harlem Railroad Company held IN this city on
Tuesday, May IS, the follOwingua gentlemen Hefo
elected directors for the ensuing year Cornelius Wander
bit william II. Vanderbilt. Horace f. Clark, Augustus
achell W. C. Wetmorc, A. B. Baylis, Jamos H. Banker
John 81 Tobiu, John H. butcher, WIN. A. Kssam' Oliver
Charlck Joseph Harker Cornelius Vanderbilt IT, Upon
organization, Coueus Vanderbilt was reelected Pres-
dent Wm H. Vanderbilt Ycc-PresIdcut, Cornelius Van
derbit ir Treasurer and Robert ). Niyen Secretary
The Michigan Southern Railroad earned for the second
week IN May
lse.. seI3l9I 1853 81 IIne......sil19
The Chicago and Northwestern Railroad earned for
the second week In May;
s24 10 I0Ca s253 $50 Goe........slG2l5
The London Money Market Rerie,o May 9th, the
following I'm reference TO the advance In the bank rates:
The Directors OF the Bank Of England have already
found necessary to raise the rate OF discount IRON Ecr
changes recorded in tie weekly Bank return have war
rautcd the advance, there having been another IMPORT
/
inc last three years the private deposits have ranged nt
unut cousldcrably above the amounts that were held
rinT 10 tie panic 0 May, 1906 which largely benefited
Inc Bank Of England by adding 10 the number OF us Gus
toners the reduction of RlO00O which has occurred
thjs week brought the total 20 lower point thhn
las becu noticed any time since the crisis Tho lu
rrroso In the Government balance this week has been
only 5000 owing II j. said 10 the repayment Of half
million 10 the Bank account OF recent advances OBJ
oed bv the Chancellor OF the Exchcquer The decline
of qOO00O in the Government securities, however, Is
imos Identical I'm with the increase I'm the pr
ynte securs and the has therefore fallen of To
mo extent 9gl 2S being about the balance OF the
changes I'm the deposit items. The Increase IN the
circulation has been 25l2g0, aud the reduction IN the
coin and bullion $500 O93 II Is thus shown that the drain,
with the exception 10000 I'm gold taken for export has
bcen purcy OF an internal character When the previous
advance in the Banh rate, from 10 per cent took
place IL was hoped that the exchanges would have been
nrucd in our and that gold would have
This not having been the - would have been uuwse
had the directors the recurrence OF another serious
reduction IN the banks resources rcfraned from fur
ther protective well founded apprehension
prevails that, considering the recent commitments
count OF foreign loans and investments In American and
other stocks another upward movement In the bank rate
will take place The discount market Is consequence
very unsettled aud yesterday the quotations bankers
three months bills ranged from 81 10 per cent As
these rates have the effect Of driving bulk OF the
rent business the market TO the Bank England the
prospect at presents that the minimum at that estab
shnent Will be carried TO per cent before the next
| weekly court day.