The Portland daily press., 1869-02-06

NEW YoRK. Feb. 5;--Money easy at al per
cent? with indications that the lowest figure viii be
the general rate. HankS are beginning to invest
freely in Government bonds as tn cannot employ
all their surplus unds On call there are signs OF
still greater ease In the immediate future. The As
sstant Treasurer is receiving large amounts OF our
rency daily in exchange for3 per cent. certificates
and 1t is now semi officially announced that sales Of
Gold and bonds are likely TO take place during the
next four weeks The Philadelphia firm OF Riekley,
Sharp 81 Co, whose failue is announced, propose 10
compromise with creditors at rs GEMS on dollar,
AL within one year, which will probably be accepted
Sterling Exchan le weak at 109S a 109s. Godquiet
and steady within range OF 1876 "a 1871 closing at 1876
a 1861. Governments strong. The recent liberal.
shipments and tact that large amounts of coupon
bonds taken off the market by investors aud
TUNED into registered stocks are beginning to nlu-
prices. The floating stock has been materially
reduced and the tendency is upward. Henry Clewes
SIS 1881, 112R "a 12l; do 520s 1852 1Is q 1885, do
1864, 1893 "a 10; do 1866 Ill "a i'll do new 1854 a.
l09 do 1857 1O9 a 1888; do 1868, 1898 a 1O9a; 1040,
Border State bonds without decided change; Mis-
soHris, s6 @ SCI; old Tennessee 673 t1 new do,
| 60. 8 I'D
The Stock market opened eadier though ieNerish
Western shares were general higher; Pittsburg and
Fort Wayne no,iceably firm, doubts being en-
tertlined 10 the consfitutonaity OF the Iecent
legislation at Harrisburg relative to The latter road
North Western was strong and active. and ccnsdera
tbe amounts of Preferred were purchased for ship
ment. Central was weak and fell to 1909 on
report that the Iencks iHiuncton case had been de-
cided against the company. Later this report was
contradicied and the stock advanced to 165 The
rest OF Vanderbilt stocks sym pathized with Cent1a al
The decision Of Judge Ingraliam makes the ic,ease
of capital by Central road to S29OOo,0Oo by cpnyer-
sion OF bonds perfectly legal fe injunction against
the so per cent. certificates being dissolved; that
against the payment of dyidead on scrip certificates
is, however, continued till further order of the court
Diversity OF opinion as to the effect Of the decision
| again occasioned fall in the shares. and under
heavy sales Central declined to 16 {, which had an
effect the remainder OF the list. Subsequently,
| as the above facts became known the market grew
stronger part OF the decline recovered and prices
were very firm at the close Rock Island being the
| stronges stock. There was lively interest in Erie
on the street. sales early low 354 but behre the
close it reached 36b a. 81. Movements are reported
afloat for new Stock Board, ut which Eric andfall
other stocks he dealt in Express shares steady.
| Miscellaneous shares were active and higher. The
following are $50 rces:--Pacic Mail 11G2 "a III
Western Union Telegraph, IS % 81; New York Cen
tral, 1929 "a 1929; Elie, 36I % 81; HUDSON 1859 q
13s; Harlem, 156 a 137; Reading, 95l a 95a; Fort
| Wayne, 1ls2 az 1l9 Michigan Central, 1f95 a 100
Michigan southern, 93a q SO; ; Illinois Central 1ssl
~ 139; Toledo. 104s a. 1885, Chicago 81 Rock Island
1872 q 1921; Chicago & North Western s35 @S4; dc
| preferred, 9i5 a 90.
The cearanees at the Gold Exchange Bank day
| amounted to S5S 100000 -shs9
The balance at the Sub-Freasury to-day amount
| ed to S81 193444T, s"l 4tt ,l4ltly -ase e'4l