New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1870-01-24
The receipts fractional currency at the u Treasury
the week ending to-day amount 70 A76s,000.
rhe toouInc shows the result Of todays busness 81

General balance oisSo'odn 20 20
Cancelled gold certificates sent to o.ooooo
Washington ACKNOWLEDGEMENTS. 9o9oo w
The Treasurer holds in trust as security for national
hank circulation $50 and for public deposits,
900; muated bank notes burned during the week.
s2lss9O total amount burned $92902T bank currency
issued for bills destroyed during the week. s6so total
amount issued therefore balance due Tor nu-
tlated notes. &l72,lE; bank circulation outstanding.
S997I56l0 fractional currency redeemed ana uesoyeu
during the week, $5J9,1Oo.
The Commercial Advertiser says, In reference to the
action OF the stock Exchange yesterday In relation 10
the striking Stock list Chicago Rock Island and
Pacific stock: 1.-THE Directors urge that the Company
suffered to the Of about 100000 through former
legal proceedings and that in complying with the rules
OF the Exchange they would have exposed themselves to
similar embarrassment and expense In the courts; and
upon this ground, they claim that they had no choice
but TO act secretly There may be excuse for Board
OF Directors Of railroad company acting secretly IN
the important matter Of Issuing 900 900 OF stock but
they act accordance with the provisions OF the charter
and the best interests the road why the necessity OF
any secrecy Does the very act OF secrecy excite
suspicion and lead the public to infer that there IL some
thing concealed under the tub" We do not believe
there any secrecy" used In the management OF the
best railroads the country, and the directors OF any
railroad company who afraid, deferred by any
consideration TO act openly before the world in the man
agement Of the of the company, must presume
very much upon the credulity OF the people II they
| believe they maintain their confidence. The STOCK
Exchange would deserve the seyerest censure for any
other action than that IN this instance which is so credit
able to IT, directors of railroads, in secret meet
ngs" issue Co., sOOOOOO or 100000 of bonds
and stocks and by sending printed circular into the
Stock Exchange stating tho fact q sufficient notice
under the rule when It may be "gobbled up" before 1t
gets TO the President them what security nave the
public OF protection by the Exchanged The secret"
Chicago and Rock Island stock into the
street. operations in the stock ranged from 1854 TO
1854 ard then receded to l0s. At the National Stock
Exchange Rock Island ranged from 1888 to Oj and 1913
There have been whsperings to-day OF "a corner" IN
Chicago and Northwestern Preferred. 1t sold at OH
and then ut 9O The strife which IL said to be "going
on" for OF this road must influence the price OF
the stock and II is matter OF very much Importance
whether New York Pennsylvania interests succeed as
that road with its branches will be great feeder.
We would say to an evening journal, there is not, in
our opinion better investment for farmers than to put
their money Railroad bonds and TO subscribe for stock
IN railroads where the roads laid through their farms
or In their counties. In all railroads thus far
made this country the farmers and landowners have
derived the largest dividends in the increased value
given to lands and to all their products They have
reaped the richest harvests from the railroads The Hi
uois Central Company selling their lands at from 81
to sl2 per What would these lands be worth but
| for the Central Railroad Perhaps 81 TO Is, and
sales very slow at such prices The increased value rail-
roads have given to property be valued
AT thousands OF millions OF dollars There s0neraroad
the market, good securities offered, for
sale at price below what they really WORTH and yet
while we would advise farmers and landowners 10 in
vest In railroad bonds, deem il very desirable for
capitalists trust companies savings banks and insurance
companies invest in Governments and keep them at
home 1t Is better to pay the interest to family
than 10 strangers The london Economist says OF Amer
lean securities: "These bonds have had remarkable
rise price during the year. considering the very large
amount Of them in the hands of the public" On refer
ring to or impression OF the 2Gth December 1865 find
that during the week ending that date the $40 bonds
OF 1882 touched 79 they $50 to &c. being adj
OF about per cent To-day our bonds in London
| are s7l
The exports OF specie to-day were Per Lafay
ette sls5Gg and per teamer Uuion, $2525O The total
exports for the week ending January %, s6OO.Oss.
The following shows the imports OF foreign dry goods
at the port Of NewYork for the week ending Jan. 2I
| and since the beginning of tho year
Ed 5 g. l 1s ssS s. ss2 s Is2H
Thrown on msrLe''..'''''. lS3aSA 22i6'SS l'+I2
E;s s 3, f :s,s 5ss s .5sss
We learn from the Commercial and Financial Chronicle
that the receipts the Southern ports
ending 9s s5l bales against ss3ll bales
last week. bales the previous week. and l4OiO
bales three weeks snce-makDg since Sept l. 1869, to
date bales against 1890 S5 bales for period
last year. Tho exports the week total OF Os6
bales 1905 bales Great Britain and o. bales
to the continent. Total export to Great Britain since
Sept l. 53G9I2 the continent, sol 500. Stock hand
Jan a. 1870 $4,000 bales on Jan 81 1862 stock hand
3 1893 bales being si3 bales than there
year ago on hand.
The receipts from the Ftchburch Railroad the year
ending Nov &c. 1862 were 81 29O593 32 for 1862 s65.
2J0 3d. Net earnings, 1862 3iso 76 in 1868 sa 800 ca
decrease. s242O Compared with the previous year
the gross earnings show Increase OF si3533i 80. with
an Increase ia expenses OF sl37.75j 50.
Tie LynehbWg VaJ Republican OF the 10th inst gives
the following gratifying result Of Internal Revenue col
lccons tobacco and spirits In the Fifth District OF
that State: Taxes collected from April "a TO Dec 81 1863
sl5O6 81; from April % to Dec. 81 1862 O6Oia co in
crease. $685. &C. The Republican states that the total
increase OF collections in 1869 over 1868 Is O6O9s2 &
The Ala California says Of tho business Of the year in
San Francisco:
There IL gradual In tho amount OF mercan-
tile deposits with the leading banks showing less pres
sure among mercantile circles whole. The demand
for has become less but this is to extent due
10 diminished business requiring less money There has
been immense stagnaiOn In enterprise very large
proportion OF which due 10 the elgthOur law aud
the attempts OF organizations 30 force higher pay for
labor than IL worth. This effect was duly pointed
out and events have justified the forecasts attempts
10 force tho OF labor per cent under
the oighhour law, ut tho very moment the railroad
snrmountng the sierra Nevadas bringing with IL the
cheap labor Of the East, was suicidal The decline Ia
building has parayEed all affiliated occupations and
abundant In first hands for employment on nrstclass
securities Mt CALL but not on time Tho banks lend at
It, but choice twoname actual business paper W days OF
moro, ltdls per cent per MONTH
The Charleston u. CO and Liverpool Steamship Line
has steamship the Arason, open TO the inspection OF
the public This looks like progress In the right direc
ton In business, trade. and commerce.
hvf ,a 81 tha