The Sun.
London, England, 1869-02-22 00:00:00

MONEY AND BUSINESS.

(From the New York Tribune.)
WEDNESDAY, Feb.l3.
Gold opened at 1351, sold at 135}, 135 k, closing at 1451
The clearings at the Gold Exchange Bank were
$4,399,000, and the balances $2,018,347 52.
Government Bonds were higher, with an active demand
from the shorts; 62s sold at 1131; 65s 1101; new 656,1081;
665, 1081; 10-40 s, 1081 to 1081. The shipment of bonds to
Europe to-day was quite heavy, the amount being about
$1,250,000 ; it was made up of 625, old 655, and 10-40 s. The
investment demand continues heavy for the new bonds.
State bonds were more generally dealt in. Tennesee
per Cents. sold at 67k ; new bond, 67} to 671; Virginia 6
per Cents., 57.; new bonds, 62 to 621; ‘Jeorgia 7 per
Cents., 93 to 921 ; North Carolina 6 per Cents., 621 to
621 ; new bonds, 61k ; Missouri 6 per Cdents., 861 to 861.
Western Railway Bonds are in good demand ; there is a
largely increased inquiry from it: vestors, and no large
lots can be purchased at quotations. Milwaukee and
St. Paul lets sold at 911; Michigan Sinking Fund, 97 ;
Michigan Central 8 per Cents., 118 ; Toledo, Peoria,
anal Warsaw E. D. lets, 851. Western Union Tele-
graph sold at 381 to 391 ; Delaware and Hudson
126. Tacific Mail was weak, opening at 119, selling at
1171, closing at 1171, ou reports unfavourable to the
quarterly dividend, which are calculated for speculative
effect. So far no official statement has been made in re-
gard to it. The weakness of the stock is due more from
the tact that capitalists feel assured that the whole of the
first-class passengers, as well as large portions of those
of the second class, will use the railroad the moment it is
completed, and that a large portion of the first-class
freight will take the same direction. The amount of
revenue from these sources, which will be lost by the
Pacific Mail Company, must inevitably be very large, and
are to be made up on an increase in the South African
and China business. Railway shares were steady on the
Western list, with a fair demand for all the leading shares.
New York Central was excited, opening at 165, selling at
163 to 1651, closing at 1651. There appears to be no settled
opinion as to what the decision of the Court will be in
reference to the alleged over-issue of stock, and the price
is moved up or down rapidly in accordance to the various
rumours circulated as to the probabilities of the decision.
Hudson sold at 137, reacting to 1361; Harlem advanced
to 140, reacting to 138; Reading was uniformly steady at
961 to 96} ; Toledo and Wabash was in demand at 65k
to 66 ; St. Paul Common sold at 661 the Preferred at 82 ;
Michigan Southern, Cleveland and Pittsburgh, Rock
Island, and Fort Wayne were steady, with small sales ;
North-Western shares continued firm, with considerable
demand for both classes of the stock. The amount of
Preferred stock taken for foreign account now amounts
to $2,000,000. Purchases were made to-day for ship-
ment. The stock is dealt in both at Frankfort and
Amsterdam. At the last Board the market was dull
but prices were maintained with great firmness. At the
close the market was firm. Government Bonds closed
strong.
The Chicago Republican of Monday says :-The local
money market has been maderately active, the demand
for loans having been good, and though the supply in the
hands of most bankers is liberal, and quite sufficient to
to meet all calls from legitimate borrowers ; the market is
not working with so much ease as one week ago. Several
leading dealers in grain and provisions have been borrow-
ing large amounts and pinching these commodities as an in-
vestment, seeming to have great faith that present prices
aro lower than they ought to be-particularly grain-and
that with the opening of navigation and the consequent
movement of commodities to the seaboard an advance
will be established. The lending of money for this
purpose, the banks accepting as collateral the grain
receipts has materially reduced the supply. The move-
ment of currency to and from the city has not
been large, and rather against the city, inasmuch
as grain is arriving more freely at this centre, and
money has to be sent out for the purpose. Some little
currency has been received, but the exports have been by
far the largest. Bates of interest were firm and steady at
10 per cent. per annum. Thera is some very good paper
offering on the street, which is taken at 11 to 2 per cent.
per month. Eastern exchange was in fair demand, but
the supply was limited, and the market was steady and
fair, with sales between city banks at 70 to 75c. premium
per $l,OOO. Over the counter bankers are taking at 1-10
discount, and selling at 1-10 premium.
Of Printing Cloths The Provilence Journal says:-
Market quiet. Printers offer 91 to 91-c. for Extras; manu-
facturers hold firm at 91c. Standards are firm at 91 to
910.; common goods at Pc. The following are the sales :
-5,000 pieces, 56x60, Bc. ; 4,000 ditto, 56x60, 81c., heavy ;
5,000 ditto, 60x64, ; 3,000 ditto, 64x64, 9c. ; 15,000
ditto, 61x64, 9/c., standards; 5,000 ditto, 64x64, 90., com-
mon. Total, 37,000 pieces.
The following were the bi
Stocks :-
New York
Ocean
Merchants'
Mechanics' l23}
America
Phenix los}
Mechanics' Association 117
Seventh Ward
State of New York
Commerce
American Exchange 1156
Bank of the Republic ll5
QUOTATIONS
Amer. silver... 931 to 96-1
Mex. d011ar5...1031 „ 104
Eng. silver 48U , 485
Five francs 951 ~ 961
CLOSING QUOTATIONS F
N. Y.iCentral 6s, 1883... 91
N. Y. Central Gs, 188 i... -
N. Y.'Central 6s, R Est.. 87
N. Y. Central Os, Sub'n.. 87
N. Y. Central 7s, 1876...102
N. Y. Cen. 7s, con. 76 ... -
N. Y. Cen. 7s, '65-'76 ... -
Erie Ist Mort, Ex
Erie 7s, 2d Mort, 1879 9B
Erie 7s, 3d Mort, 1883 92
Erie 7s, 4th Mort, 1880 B7
Erie 7s, sth Mort, 1888 B5l
Long Dock Bonds
Buff. N.Y. &E. Ist M, '77 9O
Hurl. R. 7s, Ist M,
Hud. H. 7s, 3d M, '75 -
Harlem Ist M, '6B '72 101
Mich. C. Ist M, 69'72 118
Mich. new 15t M 8s 'B2 118
Mich. So., 7 p. c 92
N. Ind. Cv,shen Line '6B -
Micb.S.&N.l.S.F'd7p.c. 97
111. Cen. p. e, '7O 1143-
Alton & T. 11. let M
Alton &T.u. 2d pfd
Alton & T. H. 20 M.lnc 77
Han.& S t.J. Lanairants -
Han. & St. J. Con
Chi. B. & Q., Ist 31 110
Chi. & N. West, S. F 9Bl
& N. W. Con Cony 93
& N. W. Ex'n B 9O

ids for New York City Bank

Bank of North America 109 f
Nassau 10.5
Commonwealth
Importers and Traders' 127
Metropolitan
Central National
Fourth National lOl
Ninth National
Oriental Bank l3O
Hanover
Corn Exchange l3O
Continental 984
FOR SPECIE.

sovs 487 to 489
20 francs 38. „ 387
T balers - „ 71

,R. RAILROAD MORTGAGES.

Chi. & N. W. Ist 31 92
Tol. &.• Nab. Ist M Ex 9Ol
Gt. Western lstM 'BB B9
Mil. & Pr. du Ch. Ist 31
& Chic. Est 99
Gal. & Chic. 2€l M 95
I Chi. & R. I. Ist 31 1001
Chi. R. I. & Pacific 7's 931
Clove. & Tol. S. Fund --
N. J. Central Ist 31 931
NJ. Central 2d M 100
Pitts. Ft,W., &Cll.lst 31 101
Pitts. Ft. W , & Ch.2d M 9B
Picts. Ft. W.. &Ch.3d M 93
Clove. & Pitts. 2d M
Chic. & Alton, S. F. Inc.
Chic. & Alton, S.F. lstll.lol
Mil. & St. Paul Ist 31 9ll
Mil. & St. Paul 2,1 Nl_ 83
Marietta & :in. Ist 31 —
Morris & Essex Ist 31 97
Nlorris & Essex 2d M 9O
Joilet & Chic. Ist M —
Chi. & Gt. East'u lstM B5l
N. Y. & N. H. 6s —
Dubuque &S. City,lst M -
Peninsula Ist 31
Ohio & Miss. Ist Al —
Ohio & Miss. Con. B6
Tel. P. W. Ist 31. E. D —
Atlantic & G. W. Ist 31 --

(From the Philadelphia Public Ledger, Feb. 3.)
There was a fair amount of business in stock yesterday,
and prices ruled nearly steady. There is still a good in-
vestment demand for Government loans, and bonds of the
smallerdßeonucdras'ngaetnieoranslloyf all classes are rather scarce. The
Coupon
ad-
vanced to I. There wasw earse in
steady, even demand,enmone; and
rket.
The bonds are able to accommodate the legitimate busi-
ness demands for their customers without that abundance
of money that makes them eager lenders. It is only good
names and short paper that find ready favour at bank. On
the street such paper as is thrown out at bank, if properly
backed, is placed at 7 to 9 per cent., and call loans at 6
per cent. The Comptroller of the Currency, in response to
a House resolution, asking whether and what banks have
been allowed to exchange gold-bearing interest securities
of the United States for the 6 per cent. currency bonds
issued to the Pacific Railroad, and when, and what
amount, says, the total amount of such bonds so received
in exchange is $12,582,000 ; the amount of 5-20 and 10-
40 bonds surrendered for them is $11,217,000 ; showing
an aggregate increase in the amount of bonds held of
$1,365,000. These currency bonds have been received as
original deposits from National banks on their organisation
to the amount of $3,917,000, many of these deposits being
made in 1865 and 1866. The Comptroller argues that he
has no right to refuse such deposits. Currency to the
amount of 80 per cent. of their value has been issued on
calcine ste Pacific .
of Bonds. C
their
par value
u eiisrcius
slauteido no
nt o
sth.2eo
sa.mocuinrct
Circulation
t9iooupetor
!the amount of 85 per cent. is issued on 10-10 s.
The following was the report of a Boston journal of the
market of that city, Feb. 1. :—" Cotton goods market very
firm at full advanced prices. The amount of business
done for the past week has been comparatively small,
but every week brings us nearer the active season,
which is close at hand. Southern buyers are taking
goods freely and report larger sales for two months
past
and a very activo demand. There has been no in-
dication thus far among jobbers to " let off goods,"
although all are always ready and anxious to sell, but we
see every evidence of a strong market with only a mode-
rate demand. The general feeling prevails that all the
goods made will be wauted. There is nothing special
to remark in the department o.fdomesticgoodso.f
any
fabrics appear to be equally
es
description at legsstdhsanqumieatr. Some little movement inket value and offers
would find ready
takers. Dress goods
abrelackseglloinoodsw, belultfoirt
tihseesaeraslyony.e Deai
Woollens
oouelnsnes and
without
Am r ur es
change;
a good strong
sell more freely and
at better p.
feeling exists, andrgofiotosdsthwianll
heretofore—
undoubtedly
Messrs. Stokes, forafn et ro
annpdcv;:i.mheauvte inr
etcheai
vt
erde stpheec tf
0.
there is plenty of roam
New York, Fob. 17.—Four days' receipts.
lowing message from their New Yerkcoorfrecsoptotonndeantt :nll
*—
year,fo,r3,othooe
pzretks a7r3e,03010,0b0a0l e
sb;a laegs .a
sAt psparmo
ex estimatesmwaeteek last
bales. New Orleans, Feb. 17.—Middling
cost laid down
in Liverpool, with all charges, 12, d per lb. per sail.
I.
r lb., laid d
SavannahFeb.ow Liverpool,Middli per r sailing v
fromthis port ceossste, 12F1.
per with
all charges. Galveston, Feb. 16.—Good ordinary cos
ts
from this port, laid down in Liverpool, with all charges,
12d. per lb. Markets weak. The above quotations in-
elude an allowance of 6 per cent. for loss iu weight.