, 1877-06-23
The Predate Hatkets Aslite--rfa,fsiens and Hogs
Weak--Drsadstags Stronger.
A Better Demand for Hrain-Oorn Activ'
for Shipment.
FINANCIAL.

New York exchange WAS told hetwreu banks 1t
G0Qh76c per 81, 600 Premium
The clcsrlner were s., 200. 600.
ruE PENNSYLVANIA RAILROAD AHp THE C., G.
~. c. RAILROAD BoNbs.
A .nii azaln.t The pennsrl,anin ltallroaa Com.
many fe, $3.50, hut inv olvino liability OF s.0.-
600, COO, was argued In New York on Tuetdhy.
Tue plaintiff was holder Of G.. c, / l. c. Nall'
road bonds guaranscctt as he claimed, BY Tue de-
fcalant, the pennsylvania Railroad:
In january, 1860. a lensc waa made Of tho q.
c. 4 I. c. Company to The rIttsbuEg Company and
tho Pennsylvania Railsosl Company. whereby Tho |
Pittsburg Company took all the property and fran
chitce Of thc e., c. 81 G. Company for term /
Of ninety .nae ycars, with privilege Of renewal
The income Of Inc road. after acdnctinf 10 per
cert for taxes and uEaessmrnts. was 10 DC dcvo1ea
10 the III yment Ut tho Interest MI tho mortgage
bonds OF the Columbus, Chicago indiana Central !
Company to tho extent Of $50. ooo GOO. In accord'
aucc MIL, their respective cealtlet and rrioritteA
After tho execution Of the lctso The Columbus
ChIcagu & Indiana Central Company caufcd TO be
placed on the mck Of euch Of !ta bonus - remained
in IT, hands tho following Enforcement: ''Thc
g'''n u liz 09os losa 10 iSe bass
81, Louis Railway Company, and the my.
n' ,ss eSre % tho .els: Sona. mennons
Ss!eln i zae.antesd y the r,!t.bu5s Sinsnnst
Ss "a naa III wso ss;s
be took solac Of these tfter the fore9ong ln.
doIsement had been approved by INC fchhhyEanta
Piled "a tic Tls!s5urg Company sor p.yment Of h!s
Interest, and failed, and Then, arpiylns to sAo
tbe prctcnI suit. Tha conplaint was Jcn,urrrd 10
On the grund thxt II did not state taeta tnfctcnt
TO- ss,U 81 Wa, on 81
the Peunsysanta Company 4 e claimed inst ,,s u
made 40 l,zolntsc to third parties; that nnaer fhs
lease the L.. c. 4 |. c. COMPANY can afonc ea!! y
even W s' il a stocShs!deF of that Company had any
ineiudug at thu .sockholders n bpdy; On the
par. OF plaintiff It h claimed that tho Endorsement
uu,rns stock on t,e falth Of II, and that tho con.
alteration for that promise was the rolling .stock
ani use Of the road turned over under tho leafe.
ANOTHER POSSIBLE METHOD or CONTRACTION.
The Washington correspondent Of tho New York
Daily J7uilttn rates that It Is nooicd In Wash-
iuston whether the Secretary Of the Treasury Gnu.
not contrac. tho currency ny using ic9al.tendsfs
instead Of bonds for the Sinking Fund. The rc-
qurrmcat OF tho Sinking Fund thls year Will BE-
$E,, 7o5 B00. and ne1t year 81. a0l, on. The
amount required by the Sinking Fund act up to
July !, 1871, was $431, 8t8.sl5, ahd Tho amount
ac,nally pntd up to that ttue WAS 4dao,.
Dea 2.D, OF S..3, t+4,ol1 moro than the
law demanded. Til tho present sfnc
gecsu,aries Of the Treasury hare always puF-
cAased bonds for the Blinking fund. but 1t Ia now
argued by sone HAT grecnbaeks may % nseti Tor
that purpose. The law provides that customs
dutics shall bo paid in coin, etc.. and shs pro-
cccds Appropriated:
FIvt-To tho psymcnt in coin Of tho interest on
the bonds and notes OF tho United States
e.s,sn i +, ss estls osa: q s
70 l.e ulads within each nscal year aftcf July ].
Ind il. ,Sa inssesst On - rneh sail IL i,SS .ncf
applied 70 thc pnschaso or payment ol tha p@n.lc p
debt I'd thn SccrftuEJ OF the Trcaaury may Efon
time 10 TING direct.
III. VOLUME OF CURRENCY.
The New York Journal Of Commerce. In reply
to lnqutiea On ihc subject. states that there Ia
common mIatakr about tic contraction Of tho pa
per currency. III l672 thuse were, In round Rnm-
bers, s:114. 600, 600 outstanding In bank. notes,
$50, Gnu. 600 In rgn-tcnters, and sl0 900, 600 In
fractional currency. in alt 500. COO, 0oo i.aat
weeks statement gave SILT, 100. 600 bnnk notes,
$780, hoO COO In legal tenders, and &.l. GOO, QUO III
iynctlona, currcucJ, making In all SVo2, ooo. ooc
uuislanltng. This makes Il aeuming reduction oi
$1 COO. 00O but In place Of so, 0oo ooo Of ttac'
tlona! currency cal!cd ln and OF nearly ~, 900,
900 leEaltendess held for redemption Of fractional
currency not yet presented, silver coin hss bcer
psed, no thst tho actual reduction In tau common
currency l. but ST, 900, 600. II VIC add tho IN.
crease IN gold VIC shall ind that tho total of bott
rurrenctcs "a actually Creator now than It MAS II
1879. |. IL added, too. that tho lohns and dis
Counts. Instead Of shrinking. have Increased. nov
amounting 10 about xo,o, ooo 900, axainst ss7*,
600, 0D0 IN lH74.
TAarEn1su WITH IEn1hlAIIox.
A specin, Dispatch firm, Virginia City. Nevada
to thu san Franciacu Mai!, declares tat ronntan!t,
to he In ptntc Ut thG grcatpEt excitement over In
discovery 0t surrcpt.ttous alteration OF the 81,
CHARTER In tho interest at the bunanx& arm. Fd
attempts Of the CoInssock lode mihs'owncrs Il
ryude their taxes had aroused 20 deep foctt1i
among thu citizens that special delegations *iste'
thu Capitol at the last se.4ion Of the LeFfslatat
"a sos that The cltys Interests were properly pro
tec,cl. In the shapo In which tho chArtr
--.I .EA Isw II.
Governor. tnprs MAJ nc exemption Of miuin
property. II now nppcarn that a "ri'ler" Cx
emptfn. tho p,!ars was susrcpttfously INTRODUCES
by unknown pefson anu pasted III the hl
signed by thu Governor. Tho records enntA'n n
notcc nl tho Introduction OF such measure, no
any report o' debate orar u. An Investigation v!
tv ua,te and II IL hoch that the rctpctlhtot OF TIL
wrong will be detected and punhhcd.
uksrtsn TIsADR RETURNS.
The London Ttinet ihfcrt from tho favorable It
turns IT urii!sh eomn,cEco for hny shat there
mt only no immediate Danger OF further deel5ns
hut the probability OF STEADY though gradoal at
vance:
0f exports IL distinct adsxucu over tho returns
last month. which. nlotcoFrr, we5o nstsre 81!
lafts was unn ii lie. dlteoutsginx asuss. j.
April. This !ast Dlontl! there II chanGs 10 u
ei, y .s nG T.
II lto,s hrads uf Gur Import .taAr which l.aFblnx
renewed productive energy " thg County. ~
resources Of lbs founiry. lusban1ed by the ses
Iuttun of tho.a Who have governed the empl9yme
OF laIgs p,s-scs uf c1ul.nl during tho long dspEr
zion Of 1eceHt yearN, may prepare W tor III car
8tte,aps u take advantage ot any improvement
our commercial prospects.
ruE BANK or SPAIN.
The condition Of the Isank Of Spain was miste
resented In The rar.s correspondence OF the Lo
d5n Et0nonist, from which We LATELY quoted.
cash teaefvs, Instead of being only 10 per cent
thr notcs in circulation, u ~ yer cont; tho cset
Of the bank IL good. - IT. S100 shatss are sei
At $lh9. Thu notes Of the bank are under par
guld. but this Ia explained BY the London 7tm<s
be due 10 Temporary dliueulty II tho M!nt.
DocroAiAu THE KKEB.
correspondent Of one OF tho New York papt
call. a.tcatton 10 sp omission on tue part
the Nsw York Tribune. Al m suction sale
.rcurltIes SONG umc Aso II Trinity Dudin
tluro wss sold SIS 600 oR Union pscacc siukiu
Fund bonds At W. Tho quotation uu tbs Stu
Exchange wss uaa;. The T'r9asxs, In reporting
sA!s, entirely omitted th!A Transaction In Uni
~ Sh1 ES1HE "