, 1874-10-30
MONEY ANDC0Mi MERGE.
FINANCIAL.


The noney.u,arkot wns ateady aild strong ~
day. Inquiry shows that With most oi t'io o""h'
cnch Of tho last two or tl,rco "eoas n"1 aeso'
opcd IN incroase Of busluoss. This, though not
ranid in nny caue has carried tho Discount limo OF
many Of them to comfortable point. For tho
Inst aay or tw,,. on account partly Of the dopros
sion Iu Tie ait,-n,nrksta, tLoro haH beon ial-
ing OF In Tie operations Of tho banks, ss thoiF
c1earinpB show, but with the frat c: next month
the uaokors will begin to uso ther money.
Datos OF dlecount hro unchanged. 10 regular
customers accommodation Ia given at lo pef
aont. but good outside borrowers can Ind plenty
of money ut tho bat1hs for or 8 per cont loBs on
short timo. Money on The street IL 1o@l6 per
ront real.eatato loana nro 9@1o per caut.
Tho clearings were $3300,00o.
New York exchange was firm at b0@7oo pre-
mlum for $1,000 botweun bnnks' AS eehse'
sueuce Of tue hiRA prtco Of Now 1ofk exenap8o'
eoyofa1 ahipmontB Of currency bafo beeh maao
East In tho last two or thfoe o"yo
Nc general movement in TINT dlrect1on has set
got under rpy. Tic receipts OF currency from
tho country by tho banks arc in most instances
larger .han the ordess.
Contrary to tho rulo In the other banking
circles In tho country, Chicago banks supply
their eusto1ners with Now York exchange at par
the, year round. The loss incurred by this
bonoyoleuce Al tho preseut time, wleu exchange
is almost ut shipping rates. las excited dIsct1s-
G1 Of hs RgSoy 81 tno Sn to
nish exchange only at fair margln, "hothof It
bo 1t discount or premium.
The Arglo-ChifoiniA nank {Shn Francisco
and Loudon). which Was founded by tho Mossra.
ssljrman and European capitalists, has publish.
cd its balance-sheet for the year. lac SUD-
sersbed capital IL s2,0Q0,Qoo gold. whereof ono.
half, or s1,5oo,ooo. is paid up. The profits o.
e. MI nfFI hf1ftt
no no slss' s 600 cold, or about 12 por cent not.
The trade Of San Francisco ls reported to bo
h good condition. Dealings on the Stock Board
for 1874, up to Sept. 30, wore sl62o5 uo9,-
e59 0UQ. 900 more than tor tho same tlme last
wear, Activity In this direction Indicates spccu-
lattpn moro than anything eiae. 4 more impors-
nut development Ia that OF tue dali interest; L.
10000 moro pounds Of butter and ,4o3, ou0 moro
tuan last.,- The Imports OF co1oe are loBs: but
those Of rico, sugar, and tea have increased.
Tho uovorurneut began tho payment Of No.
vcmbor Interest, without ropato. at tho Sub
Treasury In New Yofk, on Tuesday, and tho
largo disbursements from this source. ~ well as
Noycubcr-intereHt disbursements Of private cor.
poratiops during tho prosent mud next week. VIII
ada largely to tie alrcaly easy condition Of tAe
Judge Nathaniel shipman. OF the Unitod States
Circuit Court OF Connecticut, hns ueclded TINT
tbc Equitablo Trust Company, OF New London.
Is exempt from tho bankers internal rasenue
tux.
Tho Company was aehesscd "a banker, under
the law soplo 81 800. which it pald n1lder protest
10 the Collector, and then brought suit TO recoyer
tho amount, The Trust Company receives no
deposits. Its business is solely contnod to max
ing loans OK its OWL cApltal S1sooooOv) upon
real estate security, and selling the securities,
with it's guaranty upon tho satno.
tbs Company conteudcd TINT tho law contem-
plated business where money ia loaned On ool-
latoraIs or when stocks, etc., are rcccifeu from
okllers for sale on commission or brokerage.
Judge shipmau, in caretully-prcpared, written
decisiop: sustained tho clalmB Of tho Trust Cou-
papy. and rendered. Judgment for it to recoyor
back tho amount paid.
The caaa has becn appealed Dy the collector to
tho unlted 6tatea Conits.
TIC London stock-1nnrkot was somewhat DIS
turbed on tho 10th inst. by the announcement Of
conade. ablc reduction in q, tho fares ot toe Md
take Mr. Gladstone's advice and to abolish
aecoud-clasB carriages. At tho beginning Of tho
yoar all their trains will include Two classes. aud
two cIaRses only, the first of WINCH will run at
charge OF three halfpenca mlln Tor, fraction
less than the present second-clase fatn), and tue
nther at one nepuy mile, Which ta the usual
third -claes fare 1t ls obvious, Of course. that,
IL the blidiaud runs through the heart OF En-
gland and ia in connection or competl-
zion with mnny other railways, the step wAieh
it il about TO take rust, il Yessissed H.. BE-
followed BY other compantea a good deal OF
alarm bus consequently been produced in tie
railway-marlkot aud there was yesterday gen.
eral, and io some cases - nvory serious, IL ialt l. Of
much interest hero as wan AZ abEoad Tbs
Changers and tbelr opponents will look to them
to strengthen their respective theoriea about Tho
reduction Of railroad fares. The experiment OF
the Eastern Railroad Of Massachusetts, which
runs wo1kipgmen's trains in aud cut Of Boston.
The inanoinl results At last accounls had been
good.