The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-01-06
NEW YORK HERALD THURSDAY JANUARY 876-rRIrLE SHEET

payment Of ST. 900 900 made TO the SINGING Iund last
January accomplished remains unexplained IL
must be admitted that the reduction Of SA4,OoO in
operating expenses for the past six months In thracs
Of $6O4 900 increased gross earnings compared with
the hrst months Of the year. is most remarkable
result and suggests the thought that the earnings
clude sales Of iron while the decreased operating ex
penses may represent reduced supplies hand all or
which however, must be fully shown in the regular
annual report to be issued about June l.
THE GRAND TRUNKS CANADA NEw LINZ TO CHICAGO.
The Chicago merchants are making themselves happy
over the prospect Of independent through line Of
railroad to the East The proposed new route is by
the "chicago and Lake Huron road hat starts from
Port Huron, Mich-where it makes direct connection
with the Grand Trunk-and runs TO Valparaiso lnd,
connecting with the Pittsburg, Fort Wayne and Chi
cago Company's road, with which il has contract
whereby il can Chicago for twenty years.
The road is already built and in running order
from Port Huron to Flint, Mich, aud also
from Lansing, Mich, to Valparaiso. The distance
between Flint and Lansing which Is not yet
completed is only thirty two miles ana can easily be
finished in sixty days, even during the winter The
Chicago and Lake Huron Railroad crosses the Michigan
Central at Battle Greek and at Cassopolis, aud the
Michigan Southern at South Bend thus tapping those
two trunk lines at very important points 1t is stated
on the best OF authority that the Grand Trunk and
Great Western arrangements have obtained control OF
this line and will ut complete il. In this way
these two roads get most excellent outlet to the
West, though somewhat longer than via the Michigan
Central II Is also rumored that the Erie Railroad in
tends join hands with these lines thus creating
through line from Chicago to New York. which will be
powerful rival to Mr. Yanderbilt's monopones. The
Grand Trunk Railroad being bankrupt, does not ex-
pect to pay dividends and If the local business be
made to pay running expenses il can carry through
freight at almog any price.
MoSKY MARKET.
The rate for money call at the Stock Exchange
to-day ruled per cent currency and gold until
the close, when balances offered down to per
cent The exchanges New York quoted as fol-
lows AT Charleston 3-l6 q per cent discount; New
Orleans y 7-16; Savannah, y; St. Louis per ST. O0o
so cents discount to par Cincinnati par to 90 cents
premium and Chicago, par to rs cents. Sterling ex-
change dull and inactive, the asking rates by bank
being 4.s4z and 4Ss, with actual business at "a
and A. IS for long and short bills respectively.
THE MARKET.
Gold opened and closed 1l2 with sales in the in
term at 1l29S and 1924 The rates paid for carrying
were 6, g. So and per cent
OPERATIONS THE GOLD EXCHANGE BANK.
Gold balances So. 1872 500
Currency balances ACKNOWLEDGEMENTS. 3,9l9, 300
Gross clearances. 81, 043, 900
CLEARING HOUSE STATEN ENT.
Currency exchanges .................. $50 sS2 S26
Currency balances. ACKNOWLEDGEMENTS. 6,4Ol, 574
OOlu exchanges.
Gold balances 1,S29, 295
THE uNITRD STATES TREASURY
The Assistant Treasurer paid out to-day s4S2, 900
gold account of interest and sos, 900 in redemption
OF hve-twenty bonds The Assistant Treasurer has
thus far dsbursed 900 account of January in
terest The Ways and Means Committee will hereafter
consider the matters connected with specie payments
instead of the Banking and Currency Committee. The
receipts to-day $780, 900; customs receipts
to-day, $780, o00 bank notes received to-day, $500 0Oo
CALIFORNIA STOCKS.
The annexed table contains, in a compact form, in.
formation considerable value large class Of read
ers To the column of assessments should be added
$40 900 900 600 levied Of the proper
ties before the present companies were formed.
1t should also be stated that large majority OF these
mines being upon the Comstock lode the exhibit Of
earnings TO be taken criterion Of the ret re-
suits of mining in any other section of the far West
The information is furnished by William Ward, No
Broad street. Drexel Building, and covers the highest
and lowest prices for the year 1870