The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1876-04-11
Current News.


A centennial international billiard tourn- |
ament will take place in horticultural hall,
on Broad street, Philadelphia, commencing
on the 10Th of May and continuing to the
eth. The tournament will be open to all
professionals of ackno wledged skill and
standing. Should there be more than ten
entries the committee reserve the right TO
select that number from among those hav-
scientific and artistic three-ball carom, 300
points up, with 81 inch balls on a 5x10
standard American table, the Collander in
teTnational challenge cup rules to govern
the playing. The subscription purse of
So 600 will be apportoned as follows let
prize, New York clippers prize of 81 900
with 81 900 added, 50 900 second prize,
81 200 third prize, $500 fourth prize,
$500; fifth prize, $500 sixth prize, 5000.
During the centennial another tourna-
ment will be instituted, open to all first
class players. The game to be played
with the following rule in addition TO the
international Colender club rules.
In order to make count, the players
Dtil, utibit Dlltlilp tilutI oDJtCl Ddll, OF Ill
ter hitting one OF them, and before coming
in contract with the second object ball,
must take cushion. The time and place
for this tournament will shortly be an
nounced.
| MONETARY.
From all we can learn, says the Boston
JoWnayS weekly review of the money
market, by individual reports or the CLEAN
| ing of trade statistics, the conclusion is
forced upon us that there is no improve
ment. TO whatever side we turn in the
different branches Of traffic, whether in
manufacturing, transportation by land or
water. the same depression exists, and this
does rot appear to be confined by any
means to our own country. Advices from
abroad represent the stagnation of business
as quite equal to anything we are exper-
iencng at home and this renders the out
look more unfavorable and the return to
better times more difficult to forecast
While the torpor of business exists there
can be no material change in financial
affairs Week after week and month after
month the same record has been made, the
dullness in the money market only being
intensified, Rates, as long as there is u
margin for a decline, tend downward
Very prime names have been taken at six
months at 3 per cent, but this must be
considered exceptional, and owing to the
strong competition among lenders for a per-
feet security, the more general rates in the
open market for business paper being to
) per cent. Banking houses find no diff
Guilty in borrowing on demand at 3 per
cent. or lower on government collaterals {;
other securities often pay 4 per cent. New
York funds remain ut q small discount.
The New York statement is unfavorable,
with decline of SO, 900, 900 of reserve, and
in other times would have Il depressing
effect upon the money market. Legal ten
ders have been sent to Washington in con-
siderable amounts Tor the redemption of
currency and the withdrawal of bonds,
which, with those sent to the interior for
April settlements, has depleted the banks,
but these last will be flowing back in the
course Of the week. The banks now hold
as reserve $50 037, 200, which is 81, OBS, S75
above the legal requirement