New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-12-20

Exchange this morning The facts In the case arc TAMIL
lar to all. Last Summer when Mr. Cerke, formerly
President OF the Stock Exchange, was at his summer
residence at Newport. Butler took $4,000 worth OF the
securities OF the firm of which II was claimed on one SIDE
that he simply saaried partner and on the other
that was more than that These securities he turned
cash. The case went into the courts Butler was
arrested and imprisoned We are not INFORMED whether
the case in the courts has been decided
The earnings Of the St. and Iron Mountain Rail
road for the first week in December were
ls72.S4s9CO Is ls7i..... 5I "a Increase 1892 81
sIoR $40 "a .sl5I6Is IS IDes'7ials SO
The New-York Commissioners OF tho Canal Fund adj
vertse new State for 1915 10years 10 run from
Jan J. 1879 bearing per cent interest in gold the prin
cipa being made reimbursabe in gold. They invite
sealed proposals for the loan TO be opened at Albany
Dec a. FRIDAY Of next weekly and the old per cent
stock OF the State OF New-York Is made receivable in
payment for the new loan.
The Wells Fargo Express Company have declared
dividend Of per cent payable jane.
The New-York Guaranty and Indemnity Company has
declared semiannual dividend of per cent payable
Jan. Q.
The National Life Insurance Company Of the United
States present in another column the advantages OF in
surance in stock company. This corporation has
charter from Congress, and has paid up capital OF
81 100000 They issue all the approved forms OF policies
at rates premium about per cent less than the mu
tual companies The Company has already issued 1900
policies The Directors are composed OF prominent gen.
tlemen well known In the financial world. Mr.. E. A.
Rollins is President of the Company, and Mr. Jay Cooke
is Chairman of the Finance and Executive Committees
The East River Savings Institution will pay dividend
interest OF per cent which have remained on
deposit for months previous to Jan /, 1878, pay
able on and after Jan. 10.
The Northern Pacific Railroad Company has in tnl
operation 32 miles Of road and distance OF 200 miles
more is constructed Arrangements have been perfected
for pushing the construction vigorously during the
coming year. On the opening of Spring, upward OF 800
miles of road will be in regular operation OF the
100000 acres of land accruing TO the Company in con-
nection Of the portion of the road virtually con-
structed some in the market and the
average price thus far realized is S. CO per acre. The
managers Of the road report that the completion Of
the Minnesota section Of the road large and satisfac
tory business DONE including local traffic and the
carving trade Of the Northwestern British settlements
and the Hudson Bay Company and that the Pacific end
extending Puget Sound 10 the Columbia River has
profitable business heretofore done by the coasting
steamers. The Company have now commenced redeem
ing and caDceng the first mortgage gold bonds as they
are now received in exchange for the Companys
lands These bonds are first and only mortgage on the
road its equipments lands and bear interest at the
rate of 80 per cent per annum in gold
The Philadelphia stock market is steady. Pennsyl-
vania 6s. 1854 Philadelphia and Erie Railroad, 26l;
Reading Railroad 5sa Pennsylvania Railroad SGT. Cold
lli