, 1870-01-07
q E:$ ':::'7' y: u W.: T. =: ::
7p.ta. 9-4s IN. ". h II inc
MONETARY AND COMMERCIAL,
MONETARY,

THURSDAY EVENING, Jau+ &
Tho u1nuJ Western holders Of Rock lslan Rail
read s:cck al be Interested IN the folio ring ex
cla1aton Of the ca1les Of the weakness Of prices
Tor the last tew mouths The New York csmmt..
eiGl Ct the "a saJs:
al. having been ruuo1ed On Wall street that
the Ch1cufo, Il. cs Island & Pacific Railroad tnau
rCt rs vrrr abDut 70 unke a new itsue III stock,
H. 1t nnt enrs that at the last annua meeting Of
the atGcA holders Of fhls coDpauy It aas EnOwD
.ha. within short tine ahout three OF tour MIL
tots Of .lollsfs Wcu he reetct fur the compile
t:on sd Improvement Of tneAr lice Of road. aad
roaeE FaH gls en to 1ne Board OF DrCctorB to r1!.e
1r!s an cunt 1n Whatever manner they tnoush.
.eAf. This Is tht les ID o ttucE epo6el o., aud
sHhcush lt4 'stue is refi.ctls lesa!, coasdsrtb's
see.sre "a arifettcd the sferrt nJ Inc aetlye Of
h M petpe. ton = % sairne oi dr j. ~ Tla:ey 1:
tic It sHtets Ut the road, he declined TO aaf yer
aE! Huestlcno, a. .ncs proceeding vas AGAINST
anticipation II decline IN the. price of tscr
sscck, tn the aTttsa Ct this new Issue, TIC cor-
FsrS nss e;sn issoxirs ls,;s @ amoSn;s o. tas.
s'athy which has characterized 1t for the last
el11y days."
Ii alor!ou TO the foregoing. the Tarls Of eane
Laie Ea.s:
cont At5 IL nu~ selling new its1ss el ghaies, as
on former nccnsou. Rock 1aaod IS dangerous
10 tcucn, t1thtr lonG or sEoEt, at pre:cn: as tle
cl:qGe c1h do ~n4t II I'eases win ire prtce. II
ihtte IL a atce tbnrs interest. then ene prce VIII
IL t*i.ssd shsrptJ upwu!d; hut II Tho street ~
nss Y s s, 1ne Pse wl o 81 h.
aI1tI' {. llt!c!slIs ut the board. The Rock ISL
NJ ttc'AIt dety The reH Issues OF ss1c<, ou.
r., do 20: fenS that tns5 paid dls:d nde, lat.
.''t.ts, On alasat s1,fJ:,ota Elore c2Tl:st Etock
.aa;. II. II nubft.hed statement.
TIE Of ths m es OF the Ne. York S'oce .Hos,1
?, ;h,t ol! coup11tss who's. stocks nrc ad nitted
10 b. 'cal'e'." tiail Eve thirty dl5s' notice 10
THE boa:d-etd 70, OF courte, 70 the pab'ic gensr.
a':e--ef a3y t'tce OF new s!ock. As tbs RecS
i.1Ath Directors ha1e given no tuch notice, the
sastneLt 1.-THE Ho'u IL eql.salea. 10 q ca1.ge
If IT rreri'thus lssue Of ne~ stock; IN shost, an
Il cttase cf the stock Srhout the c1s:ofrary ard
rArttted notice. T. Il q: ie4Ss evtlsut
hist n. Rcck Jsfaud stock Is be-
;:K EsD,Fu.ased hy ! c1f11e who
l-:ttd 10 Aetp thetr OWE reject ard resp the I'D.
falt1ce Of :he'r kLowseuee. 1t Is roashfc Tilas
o. TIC :h'it5-1Ry Hotlce 's only ru|e OF the New
StIx stetA Eoard, ard not lega, requirement.
'te clique may Eaee c1pc udt t, ignore 1t for the
r:+ ssLt, acd tea: ste.r plan ay re 10 throw the
rev s1ocs ulon the mstset IN Luch a Eanuer az
% create 'h- lnrrcsscn that The pre:s1rc 10 sal
l. Lp(y IN ahtteJptle. bE the new issue. and that
whsn ,.As has pltseet the price dora 70 the low.
ts FONT, the cHqee vii nEe the ccmp.ty j n1oEeJ
10 luy IL s:cck, AID then anrpunce that there
I lo INcre ew seek 10 1ssuc. The ehatts wouIt
Est" twhttJ," j" the Clique wcc!I uake money, aad
"ru!M haEt Iu1t Ikbs large .h3tc OF The rfahy
latts with v F.ca ta!s rice little game would be
satsth OF II the Constitution Of tatS STATE casI.
n'.lt tie ttlway cotcrslieA chartered bJ the
St=te 10 1if 1htir riiIct2al flee a1c fat'r ILL.,
ectle: Cd uEt:s rltbt1 tic S;a.e, the several mil.
trs ready money witch tave seco drained OF
10 New fctk 10 carIy out this GAMBLING strategy
srult have been LETT here in barke, as io4naai.
frcds available Ios legitimate use II Regular puA-
Itss.
TIE 1ate At which vita. IS berg exported from
ssh F1a1c,fco ia Liverpool dl1cc: uay be e-tt.
AID t1t Il. TIE kcru etlS IL chsIfers on Taues-
"s!, DtctCte' 81, which are reported n the 4 lta
Cd;iftyh:c Of December a!-just received by raan
-ss &c, oxf: "Soip Two Rrsthera, liverpool
S:,s92 sac9s whtA', TA'ue $6a' %; ship So james.
Llvtrioo'. s1sl5 sackR uhtat, value S6a SO; bark
co.dcye, os1 tots, chartered to load wheat toc
LvefPco,.' E-tlILnlin2 the sackA at uot more
stan l~o bushels taco, ami allowing for the char
tersh barS in psor< tSlon, tbe reports show move
atpt e1 about 81 coo buthels Of wheat for direct
c1t crtadGn cu rat day. This r, pl;nap'. so nc-
What EIca1er than the average moTeneos
f1om 1hst pof:; but q comparison Of the
direct exro.l. OF wheat from San Francisco to
Great Erltaa for tie tas: haU c1 1868, compared
With 1855. .boAs s.s2.,lss cen1sls IN the last SIX
n-cuths Of 1859, as1trst l.6s1,ssl centals IN the
!att SIX rrootns Of 1855. an II 1crsaEe OF dJect
ltdN.oo to this IT uust te bcsle n nttd, that the
GreGpu y he 1t h:ch list year WAS III sent down
% SaE FFa1ctscc, has now begun TO move direct
HOE Pertlxro TO Liverpool
The tlsat &C IN sovesDnert bonds EaSes the
E6t gold ta.ue ct ht Lev $40. CT 1S67-s ~ ceots
IL sosd, exclusive OF !n:ere.t. The advance IN
Eb.tnc RL,c3 tas rsussd The eIrarcs Of oyer
? re, Ct ut currency IN Amsric1n nstfe.s IN toe
tatt E,epth. thoNs tina. European AAvessorA aro
leokirg iclws.d to The time when We shall
have te. uEed tptce psyme-ts, and the
DISCOUNT OF pes csut OF, which Ia p1T dne to, the
eueI,s,ne a2,tated about the klnd Of "doars -
Stat he bot ds shhll be rn.d 10, soa bave entire
arpp. a:ed. The stearl:y i1csesst1g cona1snca
Ii Eur Ie csuses II creased xoorta'laa ii b. d.,
a.ts shls, n t1r1 n'm:ptshes e1ror:1s.o1 Of eo'd
nt Dr. 1csees ITS price, 70 thar The pracIsRs ,.
w=,d sp.cle Ie4uHttIou he.pi tsef. Wat Cou.
erfss shtn:1 fo1s 10 iaEe Slrao}age of tie sSor'
hb.c enrssloD to get The Eovcrnneut on. OF The
raIk-ug 1siresk hy provtdtug for the 1e,'rems,t t
of rre greer1csr, a. d rtcvtdtrE for 5 sutnc'eut
sEIpl5 OF crS1e.cy eY tnak!rg the Satioual bAnk.
l, las t1ee 10 al who vii deposit bocds II tat.r
god value TO eccura 90 per ceat Of cltcutatfcu-
VIII tnch feccr1,lFs derosised, nanyers wo3ld
TO. he fco!s ero7gh 10 pa. out more clEcala.oo
than they ccuid rede.lu and tbs c9fselcg womb
prg1efs toward pax II go!l 81 the eEecnb lcss
Werr withdraEn.
IN Rrne rrfrce+s the yrnnev m a.ket Ia n tt,,t