The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1869-02-08
The New York Money Market.

"The money market during the week was amply
supplied at six 10 seven per cent; on call. Csmnsr
the part OF the country banks A failure IN Phiia
GePhia was whSps psrsopSs @ In te qence upon the
that a settlement with creditors would be made at
"The government market was perhaps the nrmest
and most active dGIiHg the week under der heavy
pathy with an advance OF five twentes In London to
tho apnre dacne ia sod to inaenos
depreesion: The relation I;S6, between goyernment
Atlantic. Indeed they are G rather novel Thus, the
SIDE makes it buoyaut in Europe. Reference is had
10 yielding in The premium on gold, which Is a
whie s6fOaa il increases ne value Of the priGet
S rs S for d:SSS 6 aSvs tb been Ese1y
taken and the nSturai Investment demand has
css s %SS SSd .d % Rs e. s S ne &ssP
H'nss Ss Wars nd f eans sSSh St the
CePEre1s Prsyeas the increase Of the bonded deot
country the high road to resumption, aud It's CO a.
slde,ation should take precedence OF the score or
posed sprg the e,s1s 'ssson r vi have been
SSsS 6SI me SSesSS hss dTPPPe6 If into
IS e opinion nothing viii Be dome By the
BODY is directed 70 the incoming sdministratioa
s %ps Ee T. ans s ys5
present Congress- II the measures introduced are any
sn be to 20 &
Of the public debt and let the new Congress.
The country e apparently enisrisg on career q
great prosperity. the RQm 1nlSlrAtOn OF General
Grant will reform abuses in the revenue and inan-
cial departments OF the Governmentithe example
will be telling one In communicating health and
tone to the great commercial enterprises now on
foot"
From the Tribune.
"Government bonds continued strong and active
nom continued heavy purchases for shipment and
TO cover sho by the bears. The short IN
terest continues very large, ana bonds OF all classes
a. @ In bT sk borrowing demand,
"Tbere intim ations nom Washington OF the
year and summaTily disposed OF with scarcely vote
10 favor. We alude 90 the proposition 70 author
iZe the TresAury Department. 10 convert registered
bonds into coupon bonds. The conversion OF coupon
Into registered bonds. as now authorized hy law,
and practIsed by the department, Is good thing.
as It affords the means of safety and pro-
lection from loss the holders OF our bonds, who
ginning 10 conem plate with alarm the danger
of holding coupon bonds, in view OF the extensive
rCbberies which almost daily taking place. But
bonds back Into coupons should not be shovel
The country cannot afford to have the Treasury
Department hardened with the Immense LABOR aud
coat of having our two thousand millions OF
stnnt conversion aud reconverel0n at the caprice
of holders and the markets. to which this privilege of
conversion both ways would open the door. We do
not want TO the enormous Treasury printing esta-
circumstances which would render 1t per-
Whatever for the ConveIsion of registered
Into coupon bonds; such as exists for the
can get into IegRteIed form and ept there the bet
ter II viii he for the holders and thA country. The
bond thieves who are driving active business all
over country have quite te enough for their
late ip their Interest by increasing their Opportu-
nitter."