New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-02-23
THE MONEY MARKET.
MONDAY. Feb. 72-P. n,

MONDAY, Feb. 72-P.M
The street was deserted to-day and thers
were no transactions in Government bonds Railway
shares $4,000 gold was sold at 1885, and t5o at 49,
but with this exception there nothing done. Al
noon tho quotation 1881 The cable dispatch quons
bonds at 70 caused some pressure TO SELL
In Government bonds quotations; the Offices Of the
largo dealers were closed and there offerings on
the street There considerable inquiry for e ana
es at tho closing bids Of Saturday but bonds were
offered rrr2 Ysf UIrriy FLU ITfr EGr ri
The Annual Report Of the Ponnsyiyaui.
Central Railroad shows that tho earnings for 1868 were
97 81 The expenses $l1 Seo9ss 49, leaving
net earnings for the year. t,sT2s A. The President IN
his annual report says: III c1<...a Ial--
The policy OF your Board has heretofore been to Limits
era Investments outside OF Pennsylvania 20 those con.
paues that they originally deemed II proper TO assist
the purpose Of securing connections with the then EXIT
restless spirit OF rivals in the East and West have
however rendered it necessary TO make our oonnectoss
less liable in the future TO olesaon and Interruption
Th. has been done 70 Esas nS 81 S
Company 1nown as the Pan Handle ronte,, guaranteed
% s acpsy Of ss nS' q s %s
connections with indianapolis, ST. Louis Louisville and
Chicago. These arrangements VIII require consider
crease GRE Of rolling stock render them productive
i e y 70 Gs spsS S
books Of the Company on the soth day Of Ag next s
a. that time, in new shares at par with the pro
posed increase OF capital, tho Board entertain
no difficulty continuing dividends or ten per cent per
annu even these arrangements should not as anto
pated increase net profits TO greater extent than
the interest upon the OUTLAWS to be Incurred The bua
mess OF the past year would have justified dividends OF
per cent sentannually upon our whole authorizes
capital OF s35 100000 aud still leave surplus or han
million of dollars. The proposed increase viii make
the capital stock about s33500o0 The rapid progress
made by the Union and Central Pacific Railroads ndi-
Gates the completion of railway line across the conti'
nent during the ensuing Summer When u shall nave
been opened throughout your own road ana us lmmea
ate Western connections will present the shortest ne W
aud from the Atlantic seab0ard, either by way Chcs
60 st. Louis or Dy intermediate route IN progress
from Warsaw westward. connecting with the Union "a
cifio Road Fort Kearny. This advantage viii -
cure 10 us least fair and reasonable share OF
traffic will be carried between the Atlantic ana "a
cifc States
The chicago Republican Of Friday says Of the money
market: ia.
The local money market continues only moderately ae
tive though the demand for is pressing and the
banks have fully many calls as they have FUNDS 70
meet and tho market Is working close and hrm GRAIN
and provision dealere the most urgent In their de
mands while the mercantile community are askng Tor
liberal amounts Rates of interest were rn at 10 per
cent per annn The arrivals Of currency from Tue In
terror were rather better while only little was sent oa
Fastern exchange active and the market was
rper rates transpng between city banks at pare1sc
acknowledging with more buyers than sellers AZ par
over the counter there was no change notice. brokers
generally taking at Ito discount and selling az lilo pre-
MUM.
TABLE OF the Average Amount Of Looms speete Oircta
fion Deposits aud Legal Tenders the Banks Of hs
Guy Of Eep- York for he reek ending Saturday. fss.