The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1869-03-06
The New York Money Market.


affairs in Wall street are revolutionary as
the nIet effect OF the changes in the admiuis
have wrought SO Important results Within so
brief time as the inauguration OF President
ac o oo%g to- S
ne @ % os6,9e' destined To- 70 pts,ss, toFSaEa re re
nnsn Ihese paDs and @ of his policy the public at
large were already assured but there was
means which he was TO employ In carrying
out his views. Hence the vicinity of Wall and
Broad streets this afternoon, upon the an
the grestesJ an imation. The absence OF polli.
cal materials In the new Cabinet. and the
garded In the most favorable manner. Gold at
once went down, closing finally at l3OH,
a me issues sues Of isSS The scene In u the h cold
Room was one one OF ,greaS excitement
ers were purchasers to the extent of many mil.
s likely TO be- By The III honest de-
| claraton Of President Grant-more honest than
the platform OF ne party which a., nominated ,a,
unless Otherwise Stipulated or the gene.
raj effect. in Well street and upon the
the effect produced to day. The expectations
| OF a highly prosperous state OF affairs under
| President Grant are likely to be fully borne
| out. To day these changes were enough to in.
| dicate that we are upon the eve OF important
| ness of The naiion had been only waiting that
| full assurance which it has received OF honesty
| and capacity at Washington. and which encour-
| age our merchants In making their engage
mentS."
From the Times.
"Thtre was an easier tone to the Money mar
ket this forenoon, and the brokers, for The most
part were supplied at simple per cent. cur
Tency interest At the close OF the day this was
the rule ofth street, on call loan. The relaxa.
tion from the closer rates and scarcer supply of
| yesterday and the day before caused an Inn
| provement of M@lM per cent. on most OF the
| Railway Stocks at the Exchange but without
| inducing any very considerable business. The
| m iscellan eCus shares were steady for Pacific
| Mail and Mariposa The southern State bonds
were tirmer and higher for the Lonlslanas and
Missouris, al d steady for Virginias and Ten
| neesees. A Stock Exchange correspondent
| sends us the following In regard 10 one of the
| new issues of North Carolina:-The State of
bonds in aid OF the Chatham Rail
| put upon the market. The courts of
that ST al having pronoup ced this issue uncOn.
| stitutional, the bonds have been declared not
| which leaves the bonds just where they hap
| pentd 10 be when this decision was made
| They are not salable. or available as collateral
| for loans. There can be no question or the
| lures OF the Governor and Treasurer az we'll as
| the great seal of the State, and II seems to us
| that the honor as well as credit OF the State
| demands that some action should be taken by
| wrong that has been done. Just what can be
| done up der the restrictions of the state Goa
| htitutton, we do not know, but there must be
| some way, and we have no doubt but plan
| will be suggested and acted upon. 1t is proper
to add that these bonds were issued under adv Ice
| of the Attorney Gen eral. and two OF the five
| Judges of the Supreme Court were In favor oil
| their constltutionallty."