New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1870-02-12

cent bonds free Of Government tax convertible in July
1871, for some $i.sOocO0 aud 20 stockholders. G.2oea
the advantage 10 the takers Of these bonds being very
great, without the privilege OF tho stock dividend II "a
but fair TO presume that the Directors will declare suc
dividend prior TO the time when the bonds NAY be
verted Seven roads now in course of construction.
ana all OF them VIII prove valuable feeders" 10 tho
Hannibal and ST. Joseph Road. and the earnings
for the current year put down at $3TyoOOO. which
VIII leave. after deductiug GO per for operating
penses sl5OO0oo interest the funded debt sCS0O0;
balance s82OOOOOre than 10 per both preferred
and common stockand for 1871 1t Is estimated the road
will cash dividend Of ~ per stock The
whole line represents 25 miles Of railroad There due
for principal OF land sold on credit in s7s
s5S9lO1 49, and there remain unsod. 5oTs9 2oO
Of land, which will yield at least sG532 The receipt,
from lands will reduce the debt OF the Company IN 1879.
as to leave only si,79l2C4 H. or s99rO73 C6 Of
debt now The stock Of the Company Is. preferred.
s5OOO.OOO common, s5OOOOOo total stock Ss.ocooOo.
The following the movement in Dry Goods for the
week Entered for consumption s,73is3; Withdrawals.
sl0i,i37; warehoused S653.025
We call the attention OF readers to the
tracts in this mornings TRIBUNE from the money
articles Of OF the leading papers IN different sec
tOns OF the country giving the state Of the condition %
the money market and finances 10 business circles.
They are anything but gloomy
SAN FRANCISCO Feb. 3.-The supply OF money has
sderaby improved during the month, and the demand
for has been because OF the diminished business being
done The mercantile deposits have Improved with tho
banks and societies have been lenders To no great
tent however The banks IT is understood have adopted
to reform the loose which overdrafs
have been heretofore effected. The proposition Is TO
permit overdrafts whatever after March but
qu'e regular application for oans and the passing ~
signed documents bearing interest where advances
granted. The supply OF gold bullion has been greater
than last but the amounts sent East by rail have
been large since the exchange furnished by gan ship
ments has been 100000 less this January than for the
same month last year.
PHILADELPHIA, Feb 1.-THE money market is nearly
stagnant The supply exceeds the demand, and
therefore. necessarily low. Larger offered
on call at cent aud the street rate for business
appearances between ana per cent discount The
supply is scanty and the greater portion OF that based
legitimate business Is taken by the banks.
PITTSBURGH. Feb. Sour local money market con-
nues in easy condition. But with active demand
for lOan-, there Is little difficulty with lenders putting
out their means on good security Borrowers who can
give good collateral In the shape OF Government state
municipal bonds or bank stock, other sound dividend
securities. get money cheap Outside about
the same as last reported.
OFFICE OF THE LOUISVILLE CoURER-JoURSAL, Mon
DAY EVENING, Feb T. lsI0The calls for discounts
been rather more extensive to-day. Merchants,
facturers and spectators have all been in need OF funds
but where the paper offered was unexeeptonabie the
served giltedge paper is readily placed at to y per
cent Exchangels easy at par to 2O discount buying
and lilo premium selling. The supply is fully equal TAI
the demand, but the merchants absorbing consldera
bic amounts Of New-Y York exchange.
INDIANAPOLIS, Feb. 7-Under the influences OF moro
favorable weather and an easier money market, trade
improved considerably during the past week and oar
animation than has been noticeable ia them for
time
CLEVELAND Feb. s.-The money market remars about
steady The demand for currency to-day was fairly ac-
tive, but generally the banks did not experience any de-
cided pressure and the situation worked quite comfort
ably Eastern Exchange was quiet and continues rather
close. Rates are steady as heretofore quoted.
ST. LOUIS Feb. sThe week opens with the qule,
in local financial circles that has been the chsracef
stc OF this market since 18th OF January The de
mand for discount accommodation in bank Is light aud
steady 500 cent the majority OF offer
being accepted at the inside tie street
good woname paper be placed az bank rates. though
the class OF paper offered from 002 per cent Is de-
manded. Eastern exchange is quiet and duh
Boston, Feb O.-The money market remains steady
ana quiet with no important features OF interest New
nearly adeauate that but little il any notes have TO be-
shipped The demand for call loans is readily met at SO
per cent but there less money available at the lower
rate many OF the banks finding ample employment for
their surplus funds at per cent In discounts the
ment continues steady bank deposOr paying per cena
without grumblng and the best outside paper ranging
from 6td7l per cent with hgher rates for 2ss desraDe
grades.
PROVIDENCE. Feb. lO.-The general features OF tho
money market without change The banks are diJ,
per cent paper Of the best class passes outside on
bank at the There is fair demand for money,
but the supply continues abundant ana ample TOT all M
common requirements OF business.
CHICAGO. Feb. 9-Matters were reported rather qrst
and dull at the banks yesterday. The demand for
money was moderately active and apparently on tho
increase, while the supply OF loanable funds was gen
orally reported close, but manfesng some signs o. m
CINCISNATI Feb. 1.-The money market is withou les
sento change the demand for loans being fair but not
pressing and the supply of money large enough ;sr
comfortable working Of the market Rates OF discount
the open market for prime commercial paper This cup
py of exchange ample and the market rather weak
at tGilO discount buying aud par selling.
PORTLAND Me.-Tbe total value OF foreign e Kpo.ts
for the year amounted TO 39Oo and OF sta
merchandise exported 81 MAKING total fore 90 ana
time amounted 10 sI5,oe0i2, OF which s4tsiiss
was in transit.