New-York tribune., 1869-01-19
MONDAY, Jan. i9-P. ".

Gold opened at i96, sold at 1865, 196, 1851,
closing at 1857 Tie market dull and the transac.
tions very hight. Tho cearings at the Cold Exchange
Bank were sii 10000. and the balances SIi7o9l a.
The Government bond market was active with heavy
demand for s62s old 65s and SIS The advance In prices
was from taa per cent. The counterdemand from in
yestors was very heavy Small coupon bonds as well as
registered bonds continue very scarce and holders have
difficulty in supplying tho demand Currency per
cents are very scarce. and there now remains but
about be issued, there is an active competition
for them These bonds, although bearing currency IN
erest and issued assist the construction OF the Paehc
Railroads. much Government BOND as inc o'2Os
or lssls. and not taxable. contrary opinion ap
pears to prevail among parties, but the Government
officials have. in O number OF instances, given
tho opinion that they entitled to oil
the exemption OF the god-bearing bonds
state bonds continue excited. Tennessee, 'rgnia ana
North Carolina per cents had sharp DOWNWARD reao-
ton Tennessee Old bonds sold down to Csa New bonds.
s7,; North Carolina Old bonds. 6Ga6e3 New bonds 6si
Virginia excoupons SO New bonds, COZ Missouris sold
at s7 Louisiana and Alabama bonds are increasing III
favor and were strong. Louisiana per cents sold az
7s, New Leyee per cents at 50 Leyee per cent 81!
asa Alabama ss lsold at 9l09li Railway bonds were
dull and steady Canton was lower selling at sal Della
ware and Hudson, l27 Cumberland. -. Western Union
Telegraph firm at sii Bankers aud Brokers sold Mt
ioi association Is doing heavy business In recev-
ing and delivering Stocks and is steadily growing in IA
yor with the brokers. They have recently advanced
their rates from to 20 cents hundred, with no d
mutton Of business IN consequence Express shares are
more largely dealt in Adams sold at 62652i; Wells
Fargo, 25sG25l; Merchants Union, l3i09l. Al
the Second Board there was q sharp rally in yir
ginia New per cents. which sold up 10 g.
Railway shares at tie opening pressed for sale
upon the announcement that the Senate Of Illinois had
passed the bill restricting railway fares to cent yer
mile in that State The bears made nse Of the informa
ton depress the market, which they did by vigorous
hammering. Michigan Southern sold down to 90; North
Western Common, SIT; Northwestern Preferred. sii;
Rock Island 1913; Toledo and Wabash, o., Fort Wayne
1901 At the Decline however, the market contested
strongly by the bulls who asserted that any such law
passed. would be pronounced unconstitutional. as by
their charters the roads had certain vested rights that
the Legislature could not deprive them OF IN this sum-
mary manner. As this the opinion OF some OF the
largest holders OF Illinois Railway property, IL had the
effect checking decline and at the o'clock Board
there sharp upward rally OF per In the West
ern roads. Michigan Southern advanced 10 si; North
Western Common, s2i; Northwestern Preferred. sss
Rock Island i29 Fort Wayne l22i Toledo and Wabash.
62i Cleveland and Pittsburgh was strong throughous
the day. opening at 81 advancing TO sei Hudson was
lower selling at iso Reading steady at s5iaeS. St.
Paul stocks were firm at 7iai for the Common. and %
a9it for the Preferred. New.York Central has re-
covered its activity and was largely dealt In upon
reports Of the prospects OF early passage OF an aeo
legazs the scrip dividends at the opening IL Was hau
mered with the rest Of the market, declining from les TO
1911 at this point large orders sent in to buy nd
vancng the price le ut which price there were large
transactions At Second Board the market was strong
Western Union Telegraph advanced to sit; Adams Ex'
press Si Illinois Central sold at iS9 less dividend of
per cent Toledo and Wabash, 62i; Fort Wayne 2s Al
the last Board the market was buoyant on New-lork
Central Michigan Southern the Northwestern shares
Cleveland Pittsburgh and Fort Wayne and nrm on the
balance Of the list. NewYork Central sold at 6f' Mich
igan Southern, %; Northwestern Common s2l; North
Western Preferred ss. Fort Wayne. lasl; Toledo aud
Wabash GA After the Board there we're heavy transae
tions In New.York Central at le5ais'h The inarSes
closed firm at slight reaction from tho highest prices
the Board Government bonds closed frm