New-York tribune., 1869-01-21

closing atia4 bid The cearngs at the Gold Exchange
Bank 81, 7,S5so0O and the balances s,1O2,s9s a.
Government bonds were 1rm with moderate demand
FOR all classes State bonds dull on Border State
bonds New Tennessees sod at CO. North Carolina per
cents, 65ia66 New bonds declined TO 6l3 Virginia per
cents, ssh Missouri per cents, s74. Alabama 50 were
firm at 92i999 Louisiana 6per cent Levee bonds sstS
7OA Railway bonds were quito active, with moderate
transactions. Bank STOCKS steady Fourth National
sod at 1OI Bank Of Commerce. 12l Bank OF the Republic
1914: Central National, 1o5a Ninth National lOs Msce
laneous stocks active Canton opened at b4a eel
ling No to 5eI Western Union Telegraph advanced TO
853 Quicksilver was lower, selling at 24s. Pacific Mall
sympathized in the break in Railway shares and sold
down to 1l94 closing weak Express shares irregu
lar Adams declined p per cent Merchants Union sold
NJ 15k. American Merchants Union, 40; Wells
Fargo was higher, selling at 26i Bankers and
Brokers' sold at I0i At the Second Board.
Alabama ss sold at 9l1 Louisiana Levee 6s, II.
Railroad shares feverish and unsettled The pub
hshment OF the testimony OF the NowYOr Central diree-
ton added to the Of the passage by the lower
House Of the Illinois Legislature OF the fare DILL and the
active demand for gmoney had the tendency to cause
holders to sell The declaration Of the scrip dividend on
Central and the promises held out that the same course
would be taken with the Western Roads demorazed tho
bear element so that there little any, short interest
in the market The bulk Of the speculative stocks
held in few hands and any attempt to sell sharp
break follows which, If checked by tho clques would
run into panic. The contest flor the various Western
Roads, and the consequent large advance in prices has
caused the old holders 10 sell out Some five six roads,
whose united capital amounts to fully $l000O0000 are
now controlled by oneEcOmbnation, who aim to control
the entire Western connection with the seaboard at
cost This fact has been much to the damage OF business
on the street. the older operators having retired from tho
contest foreseeing inevitable collapse In the future
should any financial disturbance to cause these
heavy blocks Of stocks TO be placed upon the market
The temper of the!Western people appears to favor re-
stroon upon the rates Of freight upon their roads, and
this subject will no doubt, bOEagatedwith great vgor
desire to water stocks by scrip dividends which appears
to have become q Observation-Disclosures The
farmers arc unwilling tolpay the high rates now that the
roads arc earning much money for their projectors
and argue that reduction should take place that would
still pay the reasonable demands OF the capital invested,
and give them some relief from the heavy prices paid in
the past NewYoFk Central was the center Of Interest,"
tho opening sales were at l62 followed by rapid nd
vance to lG from which reacted TO lG2i closing 1888
Reading was dull at 94ta94i Michigan southern opened
at slA sold at p2l slE, closing 9l5 bid. Rock Island
opened at 1914 sold l29 123 closing 1854 bid The
North Western shares were weak; the Common declined
s1t selling to sat and closing at st the Preferred sold
at sEas closing at s6a Fort Wayne sold at 12Ial22
closing at l24 bid Cleveland and Pittsburgh was strong
opening at s9 advancing TO 9i being tho only stock
showing an advance from yesterdays prices The market
remained Wlhoutany improvement until the last Board
when frmer feengl obtained, with q rally in prices
Rock Island Fort Wayne, and Michigan Southern were
most active and were firmly sustained. The market
closed steady Government bonds closed strong ut the
close The market has been steady throughout the day
with large demand for t62s for shipment and OF the
new bonds from investors.