The Portland daily press., 1869-02-25
e. M N1 e R C1AL.
New work stock ana MONEY r1nrke,

New York stock and Money Market.
| NEW YORK, Feb. 24-Money continues very easy
and the demand was promptly met throughout the
day at a per cent on call on Governments and 9
a per cent. on stock collaterals; prime business
paper % Sg per cent. Sterling Exchange quiet at
lUS "a lOSt lor prime bankers Few commercial bills
otiering Customs receipts yesterday $646,00O and
To-Day $4,000, which indicates that importers are
preparing for large business Gold opened at 1924,
advanced to 1927 fell to 1924 the passage OF Mr.
Scheneks bill in the House declaring the bonds pay
able in Gold, but recovered to 1929 a 1929 at the
close. Governments opened steady thought at de-
cline on yesterdays highest sales, the immediate
cause OF the decline being report that the Senate
Finance Committee will probably not report the
Hooper bill prohibiting the further issue OF Gold bear
ing bonds In the afternoon, however, the passage Of
Mr.. Schenck's bill occasoned perfect rush to buy
and under the great excitement and activity the mar
reaction OF per cent. from the highest point.
Henry Clewes q Co. furnish the following 4.30 quo
lI4a q 114E; do 1864, 1l1H q 111s do 1865, 112H q
iii q 111t; 10 4Os. 1859 & 11O.
Border State bonds weak. especially on Tennes-
sees North Car0linas and Louisiana's; MissOuri's,
sa3 So; new Tennessees, 65t q 654; old do, 66t q
louisiana levee 6's, 673; do SIS, So.
In Railroads there was large business during the
morning, and the market was strong and buoyant
TILL after the regular Board, when there was reac-
ton of q per cent. from the extreme advance.
The particular features were Fort Wayne which rose
to l25, and Michigan Southern, which touched 975
under amicable settlement OF ali differences between
the former and Erie corporation and heavy purchases
OF michigan Southern by the Vanderbilt interest,
NO change, however, is expected in its present di-
rection. The ammo. ncement is also made that the
Directors OF the Cleveland s. Pittsburg road have
come to amiGable relations with Erie, that Mr.. Nc
Cu!lough will continue President, while Jay Gould
will be Treasurer. Miscellaneous shares steady on
Pacihc Mail, otherwise strong and advancing Ex-
press shares lower, in consequence renewed htf-
CATION and dissensons between themselves and the
report that the Erie and Central Railroads threaten
to exclude them from the roads. The United States
fell fully 10 per and the others heavily In the
afternoon the Railroad market was stronger, with
general recovery from the lowest point n Y. Cen
tral, Wabash and Fort Wabash were the strongest
shares and Toledo the weakest, selling down to 105
from which it reacted before the close. The market
closed firm Express stocks lower and miscellaneous
shares firm. Pacific Mail ranged to-day from ora TO
lOOz and closed al the highest price, The following
are $50 prices: Pacific Mail, 1909 a 1Oi; Western
Union Telegraph, 374 q 37R; New York Central, l64
81. lsat E,ie Sc se5 Hudson, 1888 1871 Harsm,
123t Michigan Central, 117i a 49, Michigan South
ern, " g st; Illinois Central, 142a; Toledo, 1861;
Chicago & Rock Island. 1265(0 1864; Chicago q No
Western, S2e q s2i ;Fdo preferred, 9it g 91f.
The clearances at the Gold Exchange Bank to-day
amounted to $9e 100000
ed to $9i sS0,sO1.
tn AZ 061 ia