The New York herald., 1869-02-28

Cash gold was In greater demand and loans against
Clearing House werc made at nat for borrowing In
the majority OF instances. In transactions over to
Monday, which were quite numerous, from " to 3.
per cent was paid for carrying. The report or the
Gold Exchange Bank was as iollows:-
Gross clearings... &104, ,285, 900
Ioiu Daiances s'SI4SoS
currency balances. 4,933328
Money was easier, lenders seeking the two days.
interest to Monday. Exceptional loans on govern
ments were made at four per cent. Commercial
paper was dull, the excited fluctuations in the gov
ernmcnt Market seeming to absorb the attention OF
those investors who are constantly moving their
funds from class to another OF the securities OF
the street. Although money was easy on call there
was q tendency to nrmness In rates for paper, and
quotations ranged from TX per cent for sixty dag
acceptances to ana 10 per cent for four months
notes. The quantity OF paper on the market Is not
In excess Of the usual supply. the spring trade
among wholesale merchants being rather backward
said by some to be about two weeks.
The following the bids for the city bank stocks
at the regular board to-day:-Ncw York, 1873; Man
haitian 14o; Mechanics, 130; America, las; Phenix
1o7; National 113; Merchants Exchange 1l6; Leather
Manufacturers 1885, Seventh Ward, 112: State OF New
York. lis; Mechanics Banking Association, IFS;
American Exchange, 116K; Bank OF the Republic
III; Hanover, ITO; Metropolitan 1856; Corn Ex-
change, 12s: Continental, e9si; St. Nicholas, 112;
Commonwealth, 112: Importers and Traders 12s:
Park, 157X; Manufacturers and Merchants, 1Ol;
Central National, 1o9,s; Fourth National lo3; Ninth
National, liz.
The general stock market was buoyant and active
and business moderately animated. The lack OF o
pressure to sell at the advance indicates that the
''bus' expect q more favorable opportunity TO un-
load and confident OF safely carrying stocks at
present prices. Reference Is had to the general
railway list for the miscellaneous shares are still
subject to frequent and wide fluctuations. Pacific
Mail opened In the vicinity OF l01, and Its Irmness at
this price, "a well rumors that the stock had
'touched bottom" frightened the shorts into
buying, whereupon II ran to within o frac-
tion Of 1o3 From this figure IL gradually
settled again to the neighborhood OF par. Ths
"shorts" were also scared into covering on Adams
Express. which opened at 6sh and was run up to
50K, whence IL also settled back. The success OF this
war against the shorts was deuved In q great mea-
sure from the ''bulshr feeling Of the street. which
was ppmlstakabe to-day, whether IL was the 70
suit OF the return Of sunshine and pleasant weather.
or the very easy state Of the money market or SYM
pathy with tho remarkable activity in the govern
ment bond market, or Q combination OF all these
causes. The other express shares vera
weak and depressed except United States. New
York Central was quite active rising
from ls4 to and selling very freely at 1866 against tho
After two O'Clock the stock was called ex-dividend.
Erie was inconsistently firm at the opening, despite
the law suit at the instance Of the English bond
holders OF tho Atlantic and Great Western and sold
a. 37k. Later there was decline OF about one per
cent from this price. Reading was active, going up
to %. Fort Wayne was In urgent request against
the closing OF the books for the annual
election ut Pttsburg next month. ohio and
Mississippi was exceptionally weak. Michigan
Southern nuctuntcd with Lake Shore and
Toledo, the three roads coquetting for q
consolidated line between Buffalo and Chicago.
Western Union was depressed by renewed Con-
gressionai action in the matter OF governments
postal telegraph The closing prices at the last open
board were follows:--Cumoerland 37ts q 40;
wells-Fargo a Co. Express. % 29x; American Ex-
press 81 as; Adams Express, 6eL 5oIs; Mer.
chants Union Express, 15 49,; Quicksilver, 70 n
2Ss; Marposa, IL 12,a do. preferred, 32,s s2s.;
Pacific Mail, 1905 1904; Western Union Telegraph
81 371s; New York Central, 1886. 165k; Hudson
River, ls7 u 1917; Reading e2s1 q g2gs; Chicago
and Alton, l5es a l5o; do. preferred, r57x a 100;
Alton and Terre Haute, 30 40; do preferred
81; Wabash, o. os; do. preferred, rs; Milwaukee
and 81. Paul. oeis eo5s; do. preferred, 7sx
a7sk; Fort Wayne. 1881 124K; ONO and mis-
sisslpp a3k 35Js; Michigan Central, TO; Michigan
Southern, e7 g7iS; Illinois Central, 13g q 142;
Cleveland and Pittsburg, COX e1; Cleveland and
Toledo, 105k 100; Rock Island, 1904 1875; North
western, s2ss san; do preferred, six; Lake shore,
I05k q 100.
The market after the boards was firm at the prices
ruling during the middle OF the day and was higher
for few OF the list, Rock Island and Northwestern
preferred being two Instances The bank stassmsss