New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-05-06
81. b2s eee 4ea 81 $40 Oo7 os2 sl.5s4 1874. 424

Totals 81. 52s 62o 4G3 $40 OO' OS2 sos4 is4424
The net increase in circulation during April was
s1l.377.69, made up by increases OF sS,3l3 400 in
gold coin 81 sol 9S7 in silver certificates: SoO6O-
$40 in United States notes; $239I.l5O In National
bank notes and decreases OF $l.l90.3sO In silver
dollars; S4sO.79G in subsidiary silver; slS66so IN
gold certificates. $2.S07.9il in Treasury notes or
1890. and 81. $50 900 in currency certificates. The
statement of changes In money and bullion in the
$6572s76, made up by decreases of s7.236,209 in
gold coin. S204 059 In Treasury notes or 1871
s. 060 500 in United States notes and increases OF
g 690 800 in silver dollars $22629 in subsidiary
silver and SAG, 100 in National bank notes. and
decrease Of sl.247.646 in silver bullion and an In
crease Of So. 79695S In gold bullion.
The population Of the country on May was es-
timated at 7ll360O0; circulation per capita s2 60
MONEY AND EXCHANGE.
Money on call was 2G2I9 per cent. Time money
ruled at 2is per cent for thirty days and three
months. 3A per cent for four months and per
cent for six months. Commercial paper was AZ
o. per cent for the best names for all periods
and above for those not so we'll known. There
was little high-grade paper In the market
There were some grain and security DIS IN the
foreign exchange market. but an easier tone was
due In great part 10 offerings OF gold bills against
gold exports The market ruled dull Posted
rates were 81 ssh@A SO and 81 sslsQf4 30 for long
and short sterling respectively Closing rates
for actual business were as follows:
Sterling ....."'sS'ss. +s'.S.ts,ss, az. "ssaSttssss
Rechsrnarks ...... go. o' ii1ie
The price of domestic exchange was as follows
in the places named New-Orleans. commercial.
par; bank. Mt 81 80 premium San Francisco.
sight. nc; telegraph. l0c.; Charleston. buying
par selling l9c. premium. Savannah. buying liz
per cent off. selling par; Chicago. roc premium
Boston. par TO 5Ql0c discount.
Bank clearings In the city were: Exchanges.
Sill. Gs4, O55: balances. s6sI.10l. Baltimore-Ex-
changes S2,5l7.4SS: balances. H3s.3OS. Philadel-
phia--Exchanges. sl3.363.4i5. balances, NsOs 81
Chicago-Exchanges. s200S2,Scl: balances. S2.2b3-
sss observation-disclosures. sl9965.l5s: balances.
s2lOs.o42
ket was 6sbc Mexican dollars were quoted at
53s.@547sc. In London bar silver was unchanged
at 3lhd. Silver to the amount OF 4o2'ooo ounces
will be shipped abroad Tomorrow
Money on call In London was u per cent. ana
the rate Of discount IN the open market was
l3-l6m7s per cent for short and long bills. Brit
ish consols were III N for money and III 3-l6 FOR
the account. French rentes were quoted at lo3
francs 1212 centimes. with exchange on London
% francs Is centimes. The discount rate IN
Paris was q per cent. and In Berlin 2ss per
cent. Further details Of the foreign markets
are given in the usual cable report printed else
where.
clared the regular serni-annual dividend OF per
cent on It's preferred stock. payable June j.
Books close May Is and reopen June 2. 1t has
been decided that 1t Will be for the best interest
OF the stockholders to make no further redemp-
ton Of debenture bonds at present.
The NewYork Stock Exchange has stricken
ard consolidated mortgage bonds, dividend GER
tihcates and collateral trust notes and the re-
organization receipts alone are now dealt In.
This action was taken because substantially all
the securities are deposited with ]. p. Morgan
& Co. under the reorganization plan The time
for depositing on payment Of penalty expires
Nav Z The decreee for the foreclosure and sale
Of the Northern Pacific Railroad has been en-
tered In all Of the Federal courts through whose
Jurisdiction the road runs from the great lakes
to the Pacific coast.
"The Financier' for this week. in article
on Coming Issues" says: History proves that
q duty known as protective tariff aided In
developing this country. peculiarly favored as
IL was above all other methods ever tried. as 1t
was the only duty that gave all men an
opportunity to earn wages that permitted them
To deal recprocally with each other, and thus
furnish employment in varied branches. IL
ruined no one. and 1t kept our wealth circulate
ing to a large extent In domestic channels
1t provided revenue. not only enough to pay
expenses but left large surplus which aided IN
extinguishing the public debt 1t fostercd
peace engendered love OF country, and mace us
powerful among nations, We did not know the
meaning of a deficit. and the business man
did not find II essential to consult the state OF
the gold reserve before finishing his breakfast.
We never discovered that our currency was
on a rotten foundation until the Government
had run completely out OF FUNDS
The reOrga nization managers OF the Philadei-
phia and Reading Railroad Company announce
that the decree Of foreclosure sale having peeh
entered all holders Of general mortgage ponds.
first second and third preferred income bonos'
deferred income bonds and stock OF the company
who have not already deposited their securi-
ties under the reorganization plan, must 40 50 up
10 Nav o. after which date penalties VIII be ex-
acted