New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-02-24
THE MONEY" MARKET.


SATURDAY. Feb 22-P. NJ
The day has been close holiday with the banks
and general brokers. large number OF operators
however, were on the street. The transactions IN
gold were very large and the market excited; tho
opening price was 1872! and it sold at l42t, closing
at that price on the street There were heavy trans
actions also in Erie and from 1900 to l5OOO shares
changed hands at prices ranging from 7O4 the open
ing price 10 CO.. NewYork Central was weaker ana
few thousand shares changed hands at 1909 1901,
closing weak at the former price. In the balance OF
the list there were transactions Of note we give
below the bidding prices Of the leading shares New
York Central 1S0i Ere, 69i; Reading, o!; Michigan
Southern, 9ll Pittsburgh, al: Northwestern RE
ferred 49, Rock Island 97i Fort Wayne, 1907. fdci-
Gc Mail, ITO; Western Union Telegraph. 81 Al an
early hour the crowd adjourned to the uptown room
where there was an active market in gold Inc io,-
lowing the report of the transactions at Gaashers
Evening Exchange
Fifteen ar twenty millions OF gold changed hands.
There was large attendance during the day ana night
There great excitement IN gold gIo"g onened Of
I423 and sold in lots from ten 20 one W
~ g ne - and rapid sales the reporter found
fritess task 10 Keep note OF the saes During the re-
ma ~ me - op@nInS az night the first sale made at
1854 after which, upon heavy transactions the price was
RIM M 10 1854 bat upon parties who had bought largely
al low figures showing disposition 10 realize RAPID
reaction place and the price touched 1875 AZ 10
O'clock most OF the sales at 145 that being p!d
large amounts offered al iSs Stocks were not very
offered at that at the close thousand Erie IN one lot
sold at Coz after which number OF transactions occurred
at sg closing price e9 BID offered - Jt l1 Was b U
about the same downtown prices during the u"y
The room viii be open every night
The money market closes for tho week with liberal
offerings at s per cent on call, and considerable
l.. e, 81 A mi
the Bank Statement show that the active speculation
and movement in the cotton trade are absorbing
large amounts of money, and the wants Of the bus-
ness community are increasing as the Spring trade
is opening with considerable activity in quar-
tiers.
In foreign exchange there were no transactions.
The quotations were Bills at 60 days on London,
nominay quoted at 1893 d109. for commercial 1921
al1O for bankers; do at short sight, 110t all02
Paris at 60 days 517iG519l do. at short sight 5l2i
a51l.; Antwerp, 5.17l0513s Swiss, 51'l95.lS.
Hamburg. S5l ASA Amsterdam, 4OlG4i4; Frank
fort, 4Os aHl; Bremen, G19i Prnssian thalers,
nl072.
The total imports at New-YoIk for the week com
pare follows;
DIV We eo sSdV cSo2is a7soo5 s2555s ssSs 55
General mdso... so75,2as 275s,ms 2'44',lOc 2O1o,og
Total. .g57s54so s4,o56,o2o s5,onoOl sa,oG,e2l
The imports of foreign dry goods compare as fol-
lows
For nl trak 1866. 1867. leOs.
Entered at the port. sl619.24 t23573i2 SCOOPS
Thrown market......- S0S6,92o 2,70sOl 2'T4'sOo
Sine, 1856. lS6Z. =. I-oS.
Thrown on market ...... T552,7F IelS,G0 l,osV''''
The Chicago Republican OF Thursday says
The money market to-day comparatively easy ana
GOOD paper was easily placed al 10 per cent per annu
Inferior grades OF paper however are dscohntt9 on Tue
street at equal 10 al per cent pes month Lastei
exchange Is plenty, and the market - weak hou ols
sold between bankers at par and there were more
ers buyers AZ the close at that figure Inc nope
increase Of the circulating medium through the &c
ton Congress- has rendered the money hhIAet tcI
are increasing, and there is an improved leehhg III ei
camille circles
We extract the following from TIE tmahcGt enron
icle in regard to the cotton trade:
The receipts OF cotton show sti further Increase this
week the total all the ports reaching SZ9e6 bses
against 25 bales last week, sB bales the previous
week, and 1870 baes three weeks fince making he
aggregate receipts since sept !, 1851 l45225o Dalts
against 25C,Oi9 bales for the period ~ 1867 being
an excess this season last season ~ ls6le6 bales
The receipts show an Increase for the week OF a2"o
this compared with tho same period OF hJl IL
likely that there VIII be falling on III the tOta
week, the late rise prices inducing INC plan
push forward their stock as fat as possible Inc
cause viii prevent the holding over, as was anic
paed OF any considerable amount this year on panta-
lions and will result in planting OF more cotton
than a few weeks was thought possible. lAnor Is
cheaper than last season, so that Win the
present rise the planters feel encouraged 10 make 80 far
a. then meaps credit Viii allow item, arrangements
for the future The exports continue large, and snow
email Increase last week the total at all the porte
reaching bales against 40 bales last week ana
y 3g5 bales previous week The following table fur
nshes tine particulars of the weeks spnenis from az
the ports: .,.,,,.