The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1874-05-04

New YORK, May g.
Gold opened at 1928 to 113 on Saturday,
and the transactions during the morning
were all at these quotations III the after
noon gold was dull at 1928 to 1l3. Ster-
ling rates were unchanged at 4SS and 49l.
The sub-treasurer paid out on account of
May interest, $4,000.
4 shipment of coin to Europe on Satur-
day was made of S475,O00. of which, how
ever, ouly $225, 200 was gold coin, but not
at paying rates, and exports are only made
by spectators, who hope thereby to push
up the premium on gold here.
MONEY.
Money is drug at 3 TO per cent and
within the next day or two great amount
of funds will be disbursed in the shape of
interests, dividends and rents. The sum
total which will be paid in this vicinity, is
estimated at forty million dollars The
recent organizations of cliques for an up
ward turn in stocks. In the afternoon
money was unnaturally easy AT 3 to 4 per
cent.
STOCK MARKET.
The stock market opened dull Saturday
morning, but general higher It's claimed
that the Jay Gould brokers are steadily
buying stock at limited figures
L, = Al al Al.
granger legislation of the west Is unconsti-
tutional, end cannot stand. The railway
companies most interested propose to g-
more the laws, and if that plan does not
succeed to make n determined fight.
Towards noon stocks were very dull
with scarcely any transactions in either di-
rection. 1t was reported that the Rock
Island and the st. Paul roads have adopted
new local tariff list, which shows re-
! duction of % per celt.
In the afternoon the stock market was
quite weak with considerable settling down
of prices. Lake Shore was especially weak
which caused a depression all around Yves
tern Union sold down to IA. After the
publication of the bank statement, stock
specuiatjons became stronger and higher.
1t was reported on the street that Jay
Gould was heavily loaoed up with stocks
and that his friends cannot help him Bull
| the market.
At 2:30p m. Erie sold in London at 30,
| New five bonds at 104I
BANK STATEMENT.
The bank statement is very favorable,
showing an increase in the reserves of
50, 400, 900; loans decreased, 81, $40, 200
specie increased, 1908, 200; legal tenders
increased, 81 ,093 400 deposits decreased
$4,000; circulation decreased, 1900.
TUE STATEMENT OF CAPRoN AND MERRIAM,
| the bankrupt brokers of the Columbus,
Chicago & Indiana Central railroad, is q
| startling report. The firm declare that
they owe S450,000, and have as an offset
$4,000, which they propose to divide
among creditors, who are very indignant
at this vast difference between the assets
and liabilities.
PROBABLE FORECLOSURE.
1t is stated that the mortgage on tn,
Rock Island and Illinois railroad will soor
be foreclosed by the foreign bondholders
DRY GOODS TRADE.
/ The dry goods trade continues quiet, anC
the principal buyers Are cautious. Tn,
commission houses are very dull. Cotton
goods are suffering from the cutting o
prices. Prints are in limited demand. Tn,
pressure to sell imported goods is extreme
highly favorable terms. The amount o
dry goods marketed exceed the importa
tons tins season by three million dollars
which tends to strengthen exchange notes