The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-04-20
Station.

uer steamship Rubens, and $500 bags, pc
bark Peter-both vessels now at Quarantin
Station.
The first assessment against the shares Q
the Uity Of Glasgow Bank wits for case, ef q
the rate of two and o half times the pa
value of the stock. 1t is reported that thil
assessment reduced about 700 people to pow
erty, the majority of the victims being per
Sons of limited means. The next assessment
will probably complete the work of ruiz
among the shareholders. as 1t Is at the rat'
4 OF e225O per share, or e221a for FL par. Thu
two assessments amount to twenty-fiv,
times the nominal value Of the stock held
At this rate the holder Of $4,000 stock would
have lost $25o, 900, and still be under liability
Tor future calls.
The financial reporter OF the Philadelphia
Ledger has Deems tudyng the money markets
of the leading cities of tho East for sign d
u marked business revival, and declares that
his efforts are rewarded with small success
Speaking of the situation he says:
For fortnight or more there has been
some stir In tho money markets at New York
and Boston, but it Ia being gradually devel-
oped that the increased demand and the ad-
vance In rates for money do not arise from an
y Increased use OF capital In pursuits giving
larger employment to labor. but are more or
less directly connected with the heavy money
transactions seen In the ekchange OF govern
fH,s a' a%rnnfa 80 fha apxarnmant II I'M H.
tent of the reduced interest effected but is
+ otherwise OF no great moment. What is most
ssilsu Juss hoM sa, tar,r,t o,tar,r;",a "a
canifaI Tito Che Industrial pursliits.to a
production for a future market, with a rea-
& a1,nahle assurance that prices will advance
with each succeeding month. When that
time comes money will he In better demand
and higher rates can sfford to be paid, be-
cause the Industries will be in motion and la
hor will he earning q lust reward Depression
will then give place to buoyaney and bottom
will then have been touched The transition
ft may not be supposed will be sudden It
will come slowly, and no doubt numerous
haita will he Witnessed before the touching of
hnttom will te generally conceded. Even now
there are indications one day that the good
time coming ia in sight, and tomorrow a
eipn of depression like cloud in the sky,
fasnnorarity shuts 1T from view. These clouds,
N however are becoming less numerous, and not
Ns thick and darkening as they were few
months or a year ago. We strongly hope for
better times, and the surest sign of these is a
higher rate of usance for money. The change,
40 we observed Ia slow. but by many La be-
Neved to be sure
Tn Nav York the fact that the rates for money
s.,..,-s.,i,,.. ,,,;,. 4. ,,,,,,,, l,1.or th..,
1885, hsis Sisie' = 1o.A Ao"ol $780,
there is taken as an indication that there Will
aeon he a large enough drift of currency to
~, ~, yor,- 20 lower rates there if not ~
NEW Aoih " WV, .a''e o'ole' = ~ ~
cqualize them with those current at nearby
cities. The New York Post addresses itself
-, tbis snhieot in n recent issue and ito finan
.a'9 suo'ees - !" vs. 'i""A
Sctal reporter makes these comments;
In making calculations respecting the
money market there are two main things to
H. l.,.aaI NrlFN n forfI
commercial movement, and the other Is the
effect on the money market OF the large bond
settlements at the treasury.
Respecting the first every one whose business
is to watch the money market knows that
Gurrency always leaves the city before April
II. and as surely returns, the return move
nient beginning early In April and continu-