The New York herald., 1869-02-12

FOrei2u eXcnange was uuil anu Qult6 weak IN con.
sequence Of the free supply Of bills drawn against
cotton and the exported bonds. Rates closed:-
Sterling prime bankers. sixty days, 100A 1oo's;
sight, 1o9s 1ooK transfers at lo9aD; commercial
10sN 100. Paris prime, sixty days. 51757 . SICK;
Paris prime. three days, 51aH Six; Hamburg
sixty days, 80 a 36s; Amsterdam, sixty days, 40I
Il; Frankfort, sxtj days, 40 AK; Prussian thaers
7lX a u; Bremen, sixty days, 7sys 70.
Money was active between noon and two O'Clock
and considerable inquiry camc from stock houses
lenders exercising more scrutiny Of collaterals
through feeling Of apprehension Tor the course Of
the general stock market. To government houses
the rate was hvs ana six per cent. Commercial
paper scarce and good names pass freely at
to eight and nino per cent, buyers manfesting
more disposition TO purchase in consequence Of the
gravitaon to lower figures Of the interest rate on
call loans Reference Is had to loans on prime col.
lateras, advances on STOCKS being almost without
exception at scvea per cent.
Erie is again the taryet of adverse legislation, A
resolution was introduced In the State Legislature
to-day to require the president and treasurer within
ten days to report In writing, under oath. to the
Speaker OF the House .he exact amount OF stock OF
the company now outstanding; also the amount in
detail Of the funded and floating debt OF the said
company. The question arises can the Legislature
compel the officers to give the required Information,
complied wltha select committee .swith power to
send for persons and papers," could doubtless do
%. Another bill introduced In the Senate levies
tolls on all railroads competing with the canals
for freight. Again, according 70 the Cleveland
Leader, tho great railroad war between the Erie and
Pennsylvania Central roads seems 70 Ra GhtfEnH1 1ts
ne.d Of operations wostHgrss ThS latter foad is
now at york In the ONO Legislature to prevent the
:. 2 Kaiway from completing Its copract With the
Cincinnati, Hamilton aad Dayton road, Which, u
ratified, would complete broad gange route. under
one control from New York to Cincinnati. Accord
ing to the Leadsr, bill has been introduced into
the Ohio Legislature which covers this special
purpose under an afrectation Of general reform in
railway proceedings. 1t provides that sworn state
ment OF the assets and liabilities Of the Erie Railway
shall be made, and that the road shall be pronounced
solvent by the Ohio Auditor Of State before the lease
OF the Hamilton and Dayton road can be made.
This movement is made in the interest neither OF
the stockholders OF the Hamilton and Dayton
nor OF the public, but simply with the purpose
OF shutting out the Erie road from competition
with the Pennsylvania Central at Cincinnati. The
Leader thinks this bill ougnt not to pass, but evil
IDENTITY believes 1t WILL Shonld It pass 1t Ii evident
the New York and Erie has been defeated on its
chosen ground for II transferred the field OF warfare
against ali the other DAD interests ia the country
from New York to tic Mcst; and now to be shut out
from Cincinnati as wen as Chicago by our old fogy'
ralrcad men is TO acknowledge that the days OF
New Y0rn and Emo brag and blusier are past.
When its Jay Gould threw down tho glove to the
Pennsylvania railroad King J. Edgar Thompson, he
woke up the wrong passenger"
The general stock market was strong and buoyant
ct tue opening the feeling lasting through the morn
ing boards. New York Central sold up to lo5 under
ohali IN al inrt
the announcement OF Judge Ingraham's decision last
week. Pacific Man ross to ii5H. In the afternoon
a reaction ensucd aud the apprehension was almost
painful for time. ritisbury at this period sold
down to o0H. The activity IN money came TO help
this depression, Whine tie renewed assault upon
Erie, as above enumerated, and the new bill
in the Illinois Legislature, created less faith IN
the prices which have ruled In the market
for the past month. TIE EcentsJ Telegram says
ssThe prolonged effort OF the clique to force a corner
IN gold, and the tear that with the market heavily
ovegsoli there Will bs trouble, have had their effect
upon stocks to-day ana alter the regular board this
morning a reaction froluie firm prices Of that ana
the first oTcn board ih AMI general dminu,ion
In values cnsucd. The market was however. with
out any signs Of panic, but simply bcarisa In ITS
toue dealings IN tho sloIks or the clique being limited
by tie knowledge or their daring movements In
gold az wen IA generally py Their attention being
cngroased In their Efforts 10 make tho corpcr.r
Prices at tho last open beard were as follows:-
Cumberland, 80 80: American Express. AK
. 40; Adams Express, 0sH 0sH; Mer-
chants Union, 10 1875; Quicksilver, % 25.; Can-
ton o. 03ss; racidc Mail, lisk 1ls,f; western
Union Telegraph 35s 3s,l; New York Central lel
1eii<; Hudson RIVER 13e 1904; Reading e41<
o ea5i; Chicago ana Alton, IS o 100; Bankers and
Brokers', 1y7 bid; Alton and Terrs lIaute, 4oa4 Al;
do. preferred. OK q cs, Toledo and Wabash, GO q
65; do. preferred, 70; Milwaukee and ST. Paul. 90
coz; do. preferred 7e4 so%; Fort Wayne, 1l7x
alls; Ohio and Mississippi, s5,s q 85'l; Michigan
Southern, ok a e1gs; Cleveland and Pittsburg, pik
. ok; Cleveland and Toledo, 104X 1oi7s; Rock
leland. 1914 i5i,s; Northwestern, sa5s o "a; do.
preferred, plx oiK; Manposa. SKA 0;
DO. prcrre1, 2sx q 2sh; Harlem, lao q
1a1k; Lake Shore, looX q 1os. After tho
boards thero was . better feeling In stree,
transactions and partial recovery for most Of tho
list but the upward tcnooncy was not well marked
The market wac nrm ut the quotations which are
appended to tho list of stock sales below.
Southern securities wore steady, except for North
carolinas, which were onenalf %, aud Virginia
0xna wnioh voro ono- half hishas.