The New York herald., 1876-03-20

The following quotations in gold for coins and
Buying Selling.
SILVER AND oRErSBAcKs.

The following shows the value In gold OF 800 green
backs Treasury notes. including fractional currency
and national bank notes. at twelve o'clock yesterday
and at the same hour OF the days namcd:-
Aeh IS Mch. IT, Mch 16 Ach. Is. Mch. IA. Mch. 1s.
$S743 $S7 33 S87.33 SSzs3 SSL05 $S7.24
Tho market for silver in London not strong
yesterday as on Friday, and the price not above
As Cd. per ounce. This makes the value in gold Of
500 subsidiary silver coin, called Big Bonanza cur
rency, $50 IS, equivalent in greenbacks to S97 10
BONDS
Government bonds, although not unusually active,
have been in the main firm and still iavorc sub
jects OF permanent investment by banks and individual
capitalists London advices report that they likewise
maintain their strength in that market notwithstapd-
ing the depression in other securities resulting from
unusual number of failures.
Railroad bonds generally lower but without Inn
portant decline. State bonds quiet
In bank shares the tendency also to lower prices
but this is largely due to the fears engcndered that
trouble would be experienced in several institutions
Thus TAR the suspicious are groundess During tho
week the largo sale of shares of the Bank of Com
merce was made by Mr.. August Belmont, and it is
understood that the to be transferred TO the
Bank of the State of New York. OF which this gentle
man has been elected president
HANNIBAL AND ST. JOSEPH RAILROAD.
The report OF the President OF this road just issued
sets forth the following facts:-
The year opens full Of promise to the business of
the road; the gross receipts for January 1876 being
than $4S 900 than for January 1875 and
for February 1876 more than SAL 900 over those of
1875 and in excess OF earnings the corresponding
months OF any year since 1872 The earnings for the
present month promise large Increase over March,
1875 1t is said, however, that the road Will need,
during the year 1876, about $780, 900.
The directors have been authorized, by vote OF a
majority of the Stock to raise this 10y issue OF
bonds secured by mortgage the road and its appur
tenances which will be offered TO the stock and bond
holders and others. The mortgage is made for
ST. 500 900, 1t would be inexpedient to tie up the
road smaller sum, and thus preclude the possbl-
ity of obtaining that security relief should any fu-
ture emergency OF the company require an additional
loan. If negotiation OF portion of the bonds BIO
effected on reasonable terms something over one
third of this amount only will be needed
BY the extinction OF the land bonds which has been
nearly effected the company is relieved from the pay
mcnt of "a considerable amount of interest When tho
land grant shall return into the control OF the
pany that department, which rs now very heavy
charge upon the earnings of the road will be sesus-
tanning Tho bonds which IL is proposed TO issue
may, little time, be retired by the receipts from
the lands should objection be raised TO their appi-
cation to this purpose If the other hand 1t should
be deemed proper. with the avais OF the land to
tire the State bonds the only antecedent lion upon the
road the eight per cent convertible bonds will become
the first mortgage upon tho main line, followed imme-
datcly by this small OF sinking fund bonds II
Is proposed to issue.