New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1870-03-19

Expenses iiu-
Expenses 81 New Cs,,. - a1 IS
Expenses Lawrence Branch. ''''' So 6i M
tsE5s55n5
oap s and PAYABLE b, ID. terms '"o 20
Dae Pittsburgh Railroad Company IN '''H "a 3
Of
sI353 e e I,
B'ins an ,pr,rp, profit months Of the s,s7
TSe Whole Of tins amount, excepting .36s2 80. ex
pended the road for construction equipment a ~
taordiuary expenses. ss93 having been eApehaeu w
ten locomotives aud sliOlo' y III ne" Itsis"' '
on the application OF the lessees of the road, and with,
ont prejudice the lease. your Board has sod te hNp
Branch road. called. TO new organization chS'i to
Cleveland Mount vernon and Delaware kalroau ,O.h OH
pany for 81 100000 Of the stock OF that Coinpahy st
company assuming 10 pay the sl53OO0 outstanding bonds
against the Akron Branch Road. Az the time OF your
captaze tho received for rent SO that win new
certificates OF stock TO be Issued 10 substitution VI ,ne o
uer annum payable auarterannualy, free OF al taxes
Your Board has carried these instructions no n
dividend pay able on tho lat OF October lash
The Chicago RepuJliean says;
Warehouse receipts must he registered Inc eu,r, @
gone forthfOr good for evil remains 10 DC see u We
cannot but believe that II mast ultimately work Roo ~ ~
a subject which has been fully discussed 10y th9se mos i
tmatey Interested and the majority are ot INC oPVn
that it best warehouse receipts for grain shouu oo
registered. 800 - -,,.o oo,,t n,
grain issued by public warehouse shall be sOi, Ocreu
for SALE rendered or accepted on any sac OF ~
Office Of the Inspection Registrar Provided however.
that unregistered receipts s.ned prior TO A - ,0 n
May Is. 1870 II regular at the time OF dohNcJ III
all respects except lack OF registration. ,,, ,i
For violation Of any OF the provisions oi this Hecoh
Of this rule the party guilty shall he suspended by the
Board Directors from all privileges OF membership IN
The following cory OF letter recently addressed
TO each elevator proprietor by the DTectofS oil tho bo""
OF Trade, through the Secretary:
GrSrGEsss The Decor, instruct paicul'rsin
b 5s int. Are considered defective 4,
Estates the amount ia gross N three warehouses, ne "
parng your have taken The amount ~ store IN The ,sra
il desired that you give details max future returns
ma. ,as s S I' su5 cs grade wGy ao H give
has been usual in tue, plSi The grade + 50 a,nfse So
that statement Quitting mento er,de does noe serve 'ooo"
pHh the useful Pubic PURPOSES contemplated by the ss , -
showing exactly the daring The This
he best peap, By showing the I"ona 'tcef $40 d,
is taking returned at certain date add the m"ant u,
aaspty received the amount deSere 10 to the lat
return Tbs viz slow he sasue ,iore IN 'aan "a,ssoi, ~ 70
during S shos ee'T the sDoans held IN store dun0G the
Tie Charleston Republican, In resume Of tho financial
measures adopted OF the Legislature.
after referring to the establishment OF financial agency
in NewYork and the euacm OF law to pay the In
terest in coin. says;
Following tins measure. and in admirable keeping
with IT, are several other financial measures to winch we
wish to call especial attention Frat the act requiring
all insurance comp doing business, IN tue state 10 d
nosit for the protection Of policy the sum Of
$50 O in funds State has practically retired nearly
"A million and half of our bonds Next IN ORDER ana oi
SIMILAR effect is the act authorizing trustees and those
holding ducarv positions all trust funds IN the
public bonds stock Of the state Hitherto there has
been no species Of Investments which by law pro-
lection TO trustees guardians executors The direct
effect of this Will I've Ia induce the INVESTMENT OF propaO
moi less than 81 OOOOOO funds in the bonds or
stocks Of the State. Another measure OF immense ilnl
euce financial interests is the act commonly ce
the Sinking Fund act" which authorizes the sale or oil
unproductive State property and the Immediate invest
ment Of the proceeds in me redemptlon Oh our
| tO careful calculations, VIII rcuCem from WV
| 900 to 100000 OF bonds in the next SIX
months Aud this process will continue, new reve-
nes are devoted to sinking fund untl entire debt
will he in OF rapid extinction The next measure
vitality affecting our finances Is the amendment 10 our
general tax law which wipes out the old vicious system
prohibitions and injgnctions by our courts upon tne
collection OF taxes Under this law penllHg Igalon'
tho collection of axes proceeds. and the ina decision
mode is provided for the repay ncht OF Tue ,aNes
fully collected la thu great money ceuter OF our country
our State credit s happily established. and rgid
adherence to present policy TALL that needed "
cure, beyond chance, what we now possess
We give below the condition of the money market in
the leading business points of the country ut the dates
gwen:
quite active bds the supply Of currency Is ample for nil
legitimate paper offering. Regular dePostors have no
difficulty getting their paper discounted NJ 9DlO per
cent: few Instances Old dcp0sltors are accono-
dated at cent The paper Offering all OF !egit'
mate business character and the bulk OF II SNORT de
Good outside paper sells at " to 10 per cent discount
Call loans on Governments, per cent 90 -.
Money continues abundant and easy at 70S per cent,
the market presents new features OF interest.
There Ia change OF Importance IN Otner markets.
Rates as last quoted. aud monetary Affairs generally
quiet and steady,
BOSTON March l6.The money market continues to
along smoothly and there Is scarcely fractional
variation In rates from last week Seven per cent the
current figure at bank aud few BOW obtain shave"
that Lenders quite as nHloerOuSs BORROWERS,
and although money IA not very cheap abundant
The bank statement for the past week is favorable
point of strength the most noticeable feature be-
ing decrease OF nearly half million Si5stioD IN the
sS%s s HtH ncrnnse 26 & and Circulation has in
creased tl9l59. The reserve has fallen on s3o5Sl IN
holding over five millions 4j.02i69D in gold. Loans have
decreased 1913 t03 audi amounts due from other banks
LOUISVILLE March l5--Our banks claiu an casy-work-
ing money market They are using great scrutiny before
lett any paper pass. Some common grades or paper
sold on the street at high figures The bank rates
without variation Eastern exchange was III GOOD
demand; Southern exchange not 80 f1n
ST. LOUIS March l6.-The discount offerings in bank
yesterday even smaller thar on Monday, and the
rates OF interest were NORMALLY unchanged quoting at
NEW ORLEANS March 1.-THE money market proper is
unchanged. On the street Al notes with unquestiOnabe
cOaorals still quoted at l00l2 per cent per annun.
and second grade at Oh per cent per month; Al bust
NASHVILLE. March l5TlIc discount demand Tor money
good to-day though not particularly pressing Le'
per passed at the current which is u per cent
CLEVELAND. March 5.No particular change can be re.
ported the Of the local money market The banks
lind full employment for all their funds ana the situation
is working close for currency Lenders are nor
to 20 outside Of regular customers with their
Communications Eastern Exchange is steady ana firm
MEMPHIS. March lJ-Business yesterday commenced
RES were shipped into the interior. Money matters
rather dull Exchange, but little demand. selling ut
premium. The cotton market was more animated than
for several days past.
PHu ADrIPIIA March Is-There has been rather more
INJURY money bank and the street within the
last days but the rates have not materially advanced
nor the ues of obtaining 1t been increased. ON
call the Is about per cent uncNccponablo 60 ana
day paper readily placed at Sos per cent aud four
months paper 7d5 per cent Business with the street
brokers little active, but the banks continue 10
discount all the good business paper Offering.
PEORIA March 4.--Tho local money market opens with
rather activity than Was exhibited during last
week. The demand for loans was considerably larger
aud pressing and L. fully equal 10 the abilities OF
the banks to accommodate. 30 far there has been no de-