The Portland daily press., 1869-04-30
q o M M H R CIAL

Now Work stock and Money M arker.
NEW YORK. April 29.-Ths most important event
in Wall street to-day the visit of Secretary Bout
well and the foreshadowing OF the future policy of
the Treasury Department. Mr.. Boutwell, gave audi
ence to number of gentlemen of the Sub-Treasury
and in the afternoon visited the Stock Exchange
He was introduced to the members by President Ros-
trum and received with cheers when he made short
speech MI. Boutwell,, in substance stated that the
revenues due the Government would be applied to
the working expenses thereof, and the surplus il
any, to the reduction of the national debt Further
more, he should institute economy in the Depart
ment and all its operations should be open to public
gaze He closed by saying he should endeavor to ad-
minister the finances without embarrassing the bus
These remarks were well received and had buoy
ant effect generally, especially in the Government
market, where the speech was interpreted as mean
ing the putting in force the long neglected sinking
fund act OF 1882. If Mr.. Boutwell, carries out the
policy announced to-day, there is every reason to
hope for marked improvement in our finances in
The annual election for officers of the. open Board
Money market extremely easy and supply of cap-
ital Offering on call largely in Of wants of
brokers. Early, transactions were made at per
cent but afterwards became the general rate and
large balances were carried which could not be
loaned. Discount market easier; banks quite libe-
raj with customers OH the street. Prime bankers
Fotes Fope more and and pass ct to 70 per cent
bankers bills, 60 days. The supply of commercial
bills and bonds very small and leading bankers fl nd
dlfhculty in covering their own with cheap bills
Gold market firm during the afternoon with all the
business at 134A a 134a, closing at 1874. The rates
paid for carrying were 234, q per cent. This in
creased in the loan market is the result of the
Government disbursements ON account OF coupons
The Government bond market was the scene of great
excitement and activity this afternoon with further
marked advance in prices; quotations highest ever
made. The parties recently short have for some days
been covering. Henry Cloves g Co. furnish the to-
lowing 430 quotations Coupon Ss 1881. 11ss a 119;
do 5-20s 1852 1922 1921 do 1864 1ls @ 11st do 1866
11ef; do 1865 11es q ii6l; 10 4o's, lost a iOsi. y
Border State bonds staady. az m a.
old Tennessee's 694 q 69s new do 6s 6S4 a 685; old
North Cardinals, 614 a 615; new do, 545 "a 55; old
Virginia's, 5st @ 5Sz; new do, 624 @ 62a; Louisiana
Stock market during the morning active and excit-
ed with large speculative business and rapid fuctu-
ations in leading stocks. New York Central fell
from l749 to 1724, while North Western and Michi-
gan southern isll about l per cent. This brought
out strong buyers and New York Central recovered
to Is5a North Western common, to SIT do preferred
to 99s and Michigan Southern to 101E; subsequently
there was another fall OF q per cent. the balance
of the list sympahzing throughout with the stocks
nasned. In the afternoon the market was buoyant
and excited Central selling at 174H. North Western
Southern 1929 Lake Shore 102 and st Paul 77a while
Pacific Mail and Western Union ais advanced. Ex-
press shares quiet. Market very strong. The fol-
Western Union Telegraph, 43t a 43t; Hartford q
Erie, %; New York Central, 174i Erie, 3Of a 800 !;
DO Dc preferred 81 Hadson 155I 55l Harlem 1ls
14Ol; Michigan Central, 12s q 129; Michigan South
srn, ao2s & g &lO2a Illinois Central, IA @14i4; Chi
Western, 81 q SIT: do preferred, 9sf "a 81
The clearances at the Gold Exchange Bank to-day
amounted to $73,00O,oOO. ~
ed to AT; payments $e,s11, Ais; balance $S2-
888. .047
The disbursement of coin interest amounted to
$173,5S0
The Germania arrived to-day and brought $780,
0oo. The Weser took out 900 and the Moro Cas-
tie, to Havana, $4,000,