, 1874-01-06
MONEY AND COMMERCE.
MONETARY.

he hog crop has dlsbursea Asgef
amount Of money in the country
anring the last two months than usual dur1os
:Le corresponding period OF previous years. Tho
result IL, that the merchants are collecting villa
better SUCCESS tlan usual, aud are therefore ask
uc but little accommodation from the banks.
Everything now seems to promise Al easy money
market after the middle OF this month
Now Yo:k exchange ia still in demand at 5oc
per Il 900 premium.
In ADDITION to tho List OF January dividends
N local stocks printed in this Column yester-
aar, VIC note that: ..
The Wost Chicago Hallway Company pai3
2L pcr cent dlviuend for the quarter ending
Dec. 81. Tbis with two extra dividends o1 ~
per ceut each paid some mouths ago. makes
Total of Is per cent casa dividends paid In the
year 1873.
The Chicago Gaa-Light l. Cole Company paid
q Eer cent dividend Jan. l. being the hrss Since
Tie great fire Of October, lS7l.
Tue I. ad era' Insurance Company hna declared
= FER ceut quarterly dividend payable Jant1try
fG. per coat dividend was paid on fo'en-
Der ~ ous OF profits OF the year up 10 that date
TIE INCREASE OF 1SlEnNAL REVENUE AND ccs-
TINS DUES.
Nothing shows tLe revival OF business during
tue last mouth of 1878 more positively than the
YTRHk ulETG2Sa Of 1utGTu0l 1SfcAA- 4GGG'Eso 1'eA
lie estimates Of the probable rccetpts 1nade by
lie Secretary of the Treasury III Nosembe1
In his report TO Congress at the open
ing uf tue Session, ho stated that
lie internal revenue eipts Tor tue three
months ending Nov. were S25 GU, 454. a'i1 es-
.in,ated that tie probable Ieselpts for tho re-
naming ui,,o mouths of the fiscal year euoluS
Jnuc 81. 1874, would be SG5 00o.Ou0, thus g.vll1s
3 .otal of So, ,6I0,454 internal revenue 1or the
fiscal year to June 81, 1911 Contrary, however
10 this rufayorable prediction, the Oecemoes re-
,elts Of internal revenue were nra1lj equal 70
the average OF tue tuIee mouths before tho
Canie. HI follows:
For July Observation-Disclosures. .-.....:-$s6 6.l,ota
For August 81 ~
:or So'e1noel sciu ls3
For December. .-...-.. ........''-..''' 0sA~f"
The total internal revenue receipts Tor tue
hait-year erdin. Dec 81 wero al, ,626.472. II.
therefore, the average monthly receipts OF the
aext six months should only equal those Q! De-
sembey, 1873, it would ave q to.at OF o.ooJ.-
9uU for the year ending June 81. 1874, o. nea,iy
Fill 0DO UDO more than the estlinste u,ade " tne
Is lale as december lG, Comnlssioner Douglass
estimated that ine receipts for December would
probably not exceed e7,o00.00o. II ecema'
,Lcretore that the Increase Was mainly IN tue
.nst l,alf Ut the month. l; is possible that the
receipts we're little larger at tie end OF the
1uarter, on account Of tie payment OF
iues that had been deferred IN conso-
1uence of the panic. but it is reasonable
q expect that tie 1evlval Of business which u
aow 30 positive will swell the average monthly
:erenue receipts Of .he ne1: BIZ mouths aoove ,.'
sLnt they we're for Dtcsmber. Ine totsl III
c1nal revenue OF the fiscal year ending June
Il, 1873. was S113, ,727. .314. Com nlhsionet Doug,
Ass estimates that Ind there Lceu no hhnnciat
disturbance in September anu October, tue la-
;etnai revenue Tor the year .,.d have BEEN
nfIl 1},,f i
,bly too low. It dd not ta:a tnto account
hat the business Of tho con:4.4y was uever
n 80 prosperous q condition as Lelofo the pane
hat crops were greater, and 7rouucts III oet!ef
Tenant that the receipts of rallfoads ana ac-
,osits Of banks showed so activity N commerce
1ud an increase Of wealth more decided thaa tor
nsny wears before. The effect OF thls prosper
,us coudiuun on che voumr OF internal revenue
.aas pl olably been, 10 some extent, only de~
ie,red by tue panic, ana 1t l5 nas lmFsooao'e
:,at the aggregate receipts for the wear tnav YET
:each the @10o, ,0O0, 600 estimated before tho
panic.
THE CUSTOMS RECEIPTS
for the fiscal year eulIng June 81. 1873. we're
k15e, ,0oo,033. The estimates OF tue Secretary OF
;he i,roasury-m under the influence OF the
panic iu November-plaeed tho probable receipts
II customs for the fiscal year eudlng june u,
1874 G. ouly Sl51 .l35 ,403. decrease of s5'o0o-
200 trom tie receipts OF the previous year. Tue
,ustoms revenue was affected more bY tbe can1c
oaoic than tho internal rosanue- The
.esration in ra!!roal building aud the
consequent decrease If imrortatlons Of 1al1roau
Ton, together with tho revolution IN tue "Aole
ron trade. aud the great decrease Of imports VI
Ill kinds Of iron manufactures. caused Large
,oI;nr az in customs rece p1s. But the receipts
# customs for tile first three months OF the us
al wear. up to Nov. !. wero %4O, So AUS, aud,
lougl the tecrease il customs IL October and
Soyamter were ve.y alge, 1t appears mat no"
he receipts are nearly equal 70 Wuat tney "ete
Il this linc last year. ..
the la,est slutement OF the Secretary now is
hat lc expects to receive during January s12,.
l0J01U coin for customs duties. and ~, 3oouoo
;urr6ucv from informal revenue. IAe forinsr
mount il almost, and the la'ter amount quite,
.oual to the average receipts betole the panic.
Even if tho average nouthy customs receipts
.or the six mouths to july !, 1874, should be no
ucater than tue SIS: :00O, ,000 expected Tor Jan.
ia.y. tho aggregate for tlc year would exceed
:he estimate ot s151 q9v oyo made ~ the seere re-
ieso that, Us tho domestic commerce Of tue
sount,7 1.covcrs from the effects OF tho
,a,:c. l1e importing trade will revive IN
,rcatct rati3. 1uese prospects OF an
ncreaso OF zeycnuo beyond the expectations VI
scssity for increased taxation. II thore ls any
F,cu req .1ction Cf Government expenses rs the
,eople have 4.ght 10 expect. ........
AsuARY DIVIDENDS PAYABLE IN NEW YORK ASD
OTHER ElIl2s.
Notyitlstandiu the long list Of railroads that
rill pay neither div'den4s on stock nor the
promised Interest oil hands. VIC nnd much
arge- one Of those that viii. Iha following Is q
iss ot such IL are nov telEe PAID III New 1orA
-ity: 49,.
,cntral Pacific bonds, ,8s5 600 GID E7a5'o
:.utrai{old conv'rtbpz) 1.,eS.o.o ~ sia el'yos
Hcsttru PaciAc....... 2,1A',o3o Ru o:oou
tal. l. Oregon. o,ouotouu A9e'oes
oEa EAiis S. City,. @,seo'ooJ D. y. sn. t.''ee
uiuots Cent. bonds.. 81 ,o5aooo ~ p c. aos'ua 49,
az. Il Harlem. v,OVJGoo s.1uuo s1
S.Y., \. Il. & H'rtffd 10. 2oo'GN c.J'"o
,hiiads'phla + l;nsNug 3,G5a3ao 4'S;a'1.. 'S;aaa,
?aua1a1. .....-.-...-.. ',ooo1eo~ ~NN'"''
ipne Wltcrtowu +
O!d .uBbu1gh. 2,VS,3oo ~ Ao4''oA
3yra.use ling ~,
hamtcn............-- 2e3a,loo e4e-s
iTsn:y-sn'fa sS o 100000 1 2o;ooo
,sG 1a.t + Western o. 5uY U;o 5 l7jUoj
Bradford l. l1ttsbtug1 5s5,ooV ~ 1oooo o
sswburg / Nrw Ok. 5NooJ ~ 1.t'oo
aaserson i Newalk... aoJoo " @ !..oI1
Eclersou Rai Eoa...- 1,to"9tu ~ tu'un
.rato branch Er1e.. x9"o:uuo ~ Aus.oo