, 1873-04-02
MONEY AND COM MERGE.
a.. MONETARY.


Il
TuRspAY EVENING, April1.
rn> local money market fools no etfoot OF the
.x+rc,nn @ t.rinuonov in Now York. Tho supply Of
,aeo ,a,. 1.n5s naso T. rood rot md borrowers
+ho nrasent satisfactory co1latornln got sny ron
an.t,1s .ccornro1at,on At 10 por cont, Ban1tera
hare. sle' however, aro discriminating in favor OF
short loans. Tho general aspect Of non'y
,fyaira haa become 40 unsottlod during tho pass |
saaL tbnt t1,ov nrofor to koop their money wolr |
IN hand to meet any no" aeVelopnoh~s ~ tn". mas
take place In tho noxt month or two Merchants
throuRhout tic West aro renltttng heavily to
Now York yet. ani tho domana for exchange Is
10 largo TINT several oi 'nu uA""1 T-a,,.aao wna
sending currency to Now York Exchange WE
sold between banks to sRy at gu conte ror Sl'ooo
nroniun,.
NJ. s1s.,,,,.,a.u, -, ,hn atotn gnvfnns InBtitu-
nv s.ooAnu4us 49, .f,.,onni s8o5 600
Aon OF this oity pala up 'ao ~. c1.,. -
OF their increased capital in cash on tho 1.th eoo e
Tho paid-up capital Of tho bank In now s5oo,ooo'
- .5a,t;or IN th;a. Tho charter OF tho bank
~ saon .,'n a.son,,oru ' ,,,1,,e for s5oo,ooo,
nakea she atoe8nolaoin n,p .,, mr. corta
With gold to-day a. !h5a' 'u n" ,i.;a liz nr,co
were offered in Ne" YORK a. Ai43s, tn'o p..ss
S ntorost % since Fo6 i easos tho not gold prico
bf tho bonds at O714. Whatever the syndicate
NAV bo nblo to do in tho why Of exchanging
them for tho 52oa Of 1892 # b apparent M fhns ~
Of tho new ilvos within the limits allowed W
their arrangement with tho Treasury.
ANOTHER DErAu1iTiNd RAILROAD.
Within tho last fow days there has co,lle -
our knowledge another instance ol tno uolanas ILL.,
Of important Western ral!rona ~ 1avh 20 ps sno
tutorost on its bonds; the vt: Johoph q t'.s Den7
vor City Railroad having taiiou 70 pay tho sS:nl
annual interest on tho s9oug' " ass an.,t
mortgage, Hinking"tund' a119 poat ~ "
godntorost bonds. on wcn III nhicnn" ,scI, %
duo Feb. 10. panA noio .tn,sandn - ~ thnan
has boon holaing sosor, na,,+iu srnto IN b;s h.
bonds for customer loco5 ~ WIZ ~ =" ron'nanv
half TO TUG nnanclAI "Botn, - ~ ~ ill., h1nl:3
In New fotK' VIM r5s" mv6u.i"'n" ~ tha oYcnt
and recelYoq . ,n responno no +,Sht tbov iai
TINT money haa uoon ,sStrnsst ~ asno ~, u" Lonia
The admission snas sopan{ Hpaa wv hnrrao ~ NV
miles OF 1oad IN opefaton nas " .,J W tat
the interest Oh 1ts nlhs-H'o ~ sS"6pt n naa nnt
when 1t cannot oolto" ~ canot ~ pa5, :5,hnr bonds
anord uatsoI1ns pao0po'' 'oA o''noA
holders or stockhoioqsa. 1,.,, p.,1rosa =.
Tho st. Joseph y Donvor Clsy Na,1foaa fon;.a a6
proposed lino Of ~ miles from Gl"ooo Aopposaso
Bt. Joseph, h1o,) to fort hoefney, NeD1asAa:
The " Eastern DlVlslon, az MUGS 1loln TIMoou
to MaryHVlllo, t8 co!nploto, nnu VI tne nen.uin
Of 1872 miles In operationt and leaving 6o mics
not built. The Company haye grant OF l,oov,oopv w
acree OF land from the Vniteu ethtc9, nearly Ill
Of the land being along tho !lno o. tno Mesto9A
Division. Tho Company have issued tho 70, noo,
600 lnnd-grant bonds ut tho ra.e OIL Sl2:'loo poS
mile Of tho ITO miles III tho Western Division,
and to the amount OF ~ 3nr acre OF t1e aulonnl
of their grant OF land Inc eAti@ an"teeMoutnn y
in the wny Of high rate OF interest on the
bonds onnblol tho Company to sell these bonus
at near par. They hhye, therefore, received nt
the rato Of $4,000 por milo OF THO ontiro ), ~
considerably moro than tue ~ H1lles "ouiu co5'
II completeo IL tno boiidh nAVe oeoH AA ao4u